Admiral Markets: CFD Broker for Diverse Asset Trading

Admiral Markets functions as a broker, offering a range of contract for difference (CFD) products that encompass stocks, indices, commodities, forex, bonds, and cryptocurrencies. The company operates under the regulation of the Financial Conduct Authority (FCA). CFDs allow traders to speculate on the value of assets without the need to possess the actual underlying asset. This trading approach enables traders to utilize substantial leverage and even take short positions, providing an advantage as many cryptocurrency trading platforms do not permit short positions.

Admiral Markets provides a selection of eight cryptocurrency products that are priced based on their USD value. These offerings include prominent cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Dash, Ripple, Monero, ZCash, and Litecoin. While competitors may offer a broader array of products, the products offered by Admiral Markets maintain tight spreads, approximately around 1%, which underscores the platform's robust market liquidity.

Traders on Admiral Markets can apply leverage of up to 1:2, allowing them to control larger positions with relatively smaller amounts of capital. Professional traders, who often require more flexibility, can access leverage of up to 1:5. It's worth noting that certain competitors extend even higher leverage, such as 1:30, to their traders.

The fee structure on Admiral Markets varies based on the currency used for the trading account. For instance, for a Euro-denominated account, a fee of €3 per lot applies for individual trades. For round-trip trades, this fee is doubled. The specific lot sizes can differ based on the cryptocurrency product being traded.