Types of Trading Accounts

This table details the different specifications and features of Admiral Markets` different trading accounts for both the MetaTrader 5 and MetaTrader 4 trading platforms.

• MetaTrader 5
• MetaTrader 4

	Popular Trade.MT4	Zero.MT4	Popular Trade.MT5	Invest.MT5	Zero.MT5

Trading

Minimum Deposit ?	100 EUR 100 USD 100 GBP 100 CHF 200 BGN 1 000 CZK 750 HRK 25 000 HUF 250 PLN 250 RON	100 EUR 100 USD 100 GBP 100 CHF 200 BGN 1 000 CZK 750 HRK 25 000 HUF 250 PLN 250 RON	100 EUR 100 USD 100 GBP 100 CHF 200 BGN 1 000 CZK 750 HRK 25 000 HUF 250 PLN 250 RON	1 EUR 1 USD 1 GBP 1 CHF 2 BGN 25 CZK 8 HRK 350 HUF 5 PLN 5 RON	100 EUR 100 USD 100 GBP 100 CHF 200 BGN 1 000 CZK 750 HRK 25 000 HUF 250 PLN 250 RON
Minimum Deposit – the minimum amount of funds required on account to start trading. E.g. 200 EUR/USD/GBP or a specified amount in other supported currencies: ARS, AUD, BGN, CHF, CLP, CZK, HKD, HRK, HUF, JPY, MXN, NOK, NZD, PLN, RON, RUB, SEK, SGD.
Account Balance Currencies ?	EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON	EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON	EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON	EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON	EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON
Account Balance Currencies – currencies which can be chosen when opening a trading account.
Trading Instruments 1 ?	Currencies - 37 Metal CFDs - 4 Energy CFDs - 3 Index Futures CFDs - 3 Cash Index CFDs - 16 Stock CFDs - 78 Bonds CFDs - 2	Currencies - 45 Metal CFDs - 3 Cash Index CFDs - 10 Energy CFDs - 3	Currencies - 40 Metal CFDs - 5 Energy CFDs - 3 Agriculture CFDs - 7 Index Futures CFDs - 24 Commodity Futures - 11 Cash Index CFDs - 19 Stock CFDs - over 3350 ETF CFDs - over 300 Bonds CFDs - 2	Stocks - over 4350 ETFs - over 200	Currencies - 45 Metal CFDs - 3 Cash Index CFDs - 10 Energy CFDs - 3
Trading Instruments – types of rolling spot Forex contracts and CFDs available for trading. CFD (Contract for Difference) – a derivative contract that allows to take advantage of price fluctuations of the underlying asset without acquisition of the ownership rights for this asset.
Leverage (Forex) ?	Retail Clients: 1:30 - 1:20 2	Retail Clients: 1:30 - 1:20 2	Retail Clients: 1:30 - 1:20 2		Retail Clients: 1:30 - 1:20 2
Leverage – the ratio of position`s notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).
Leverage (Indices) ?	Retail Clients: 1:20 - 1:10 2	Retail Clients: 1:20 - 1:10 2	Retail Clients: 1:20 - 1:10 2		Retail Clients: 1:20 - 1:10 2
Leverage – the ratio of position`s notional value to amount of margin required for opening a position (e.g. leverage 1:500 means that EUR 100,000 contract requires as low as 200 EUR margin).
Spread, Pips ?	From 0.5	From 0	From 0.5	From 0	From 0
Spread – the difference between Bid and Ask prices in a quote, measured in pips. Pip – for Forex instruments quoted to the 5th decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.
Limit / Stop Levels, Pips ?	0 pips	0 pips	0 pips	0 pips	0 pips
Limit / Stop Levels – the minimum difference from the current price for placement of pending orders in normal market conditions, measured in pips. Pip – for Forex instruments quoted to the 5th place following the decimal point (e.g. GBPUSD – 1.32451), 1 pip is equal to a price increment of 0.00010; for Forex instruments quoted to the 3rd place following the decimal point (e.g. USDJPY – 101.522), 1 pip is equal to a price increment of 0.010. For indices 1 pip is equal to a price increment of 1.0, which is also called an Index Point. For other instruments 1 pip is equal to Tick Size.
Commissions ?	Single Share & ETF CFDs - from 0.02 USD per share 4 Other instruments - no commissions	Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots 3 Cash Indices - from 0.05 to 3.0 USD per 1.0 lots 3 Energies - 1 USD per 1.0 lots 3	Single Share & ETF CFDs - from 0.02 USD per share 4 Other instruments - no commissions	Stocks & ETFs - from 0.02 USD per share 4	Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots 3 Cash Indices - from 0.05 to 3.0 USD per 1.0 lots 3 Energies - 1 USD per 1.0 lots 3
Commission – the amount of funds charged for each transaction (opening or closing the order) depending on its volume or notional value.
Tick Size (Forex) ?	0.00001	0.00001	0.00001		0.00001
Tick Size – the minimum price increment of a trading instrument.
Execution Type ?	Market Execution	Market Execution	Market Execution	Exchange Execution	Market Execution
Market Execution – order execution mode where a transaction is processed at the best price available on a trade server. Exchange Execution – order execution mode where a transaction order is passed to an external gateway connected to an exchange or another liquidity provider. STP - Straight Through Processing, i.e. passing all transactions electronically to execution venue without human intervention.
Requotes ?
Requote – a new price offered in the event an order cannot be processed at the posted price. This may only occur under the terms of Instant Execution. Instant Execution – the execution type which processes an order at the posted price.
Minimum Order Size (Forex), Lots ?	0.01 (step 0.01)	0.01 (step 0.01)	0.01 (step 0.01)		0.01 (step 0.01)
Minimum Contract Size – the minimum contract size for opening a position. Lot – the standardised contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).
Maximum Order Size (Forex), Lots ?	100	200	100		200
Maximum Contract Size – the maximum contract size for opening a position. Lot – the standardised contract for a certain amount of units of the underlying asset (e.g. 100 barrels of crude oil, 100 troy oz of gold or 100,000 units of the base currency).
Maximum Open and Pending Orders ?	200	200	500	500	500
Maximum Open and Pending Orders – maximum summary amount of active pending orders and open positions on a single account.
Stop Out ?	Retail Clients: 50%	Retail Clients: 50%	Retail Clients: 50%		Retail Clients: 50%
Stop Out – the margin level (ratio of account equity to reserved margin) at which open positions are closed at current market prices, starting from the least profitable position, until the account`s minimum margin requirements are met.
Negative Balance Protection Policy ?
Negative balance protection means covering account deficits (negative balances) which sometimes occur when market moves abruptly against a leveraged position. Both Retail Clients and Professional Clients are subject to this protection as detailed in our Negative Account Balance Policy.
Islamic Account Option ?
Islamic Account Option - a possibility for clients with Muslim faith to opt-in for an Islamic Account when opening a trading account. Islamic accounts do not incur swap or interest payments and charges, instead we apply a flat administration fee.
Hedging ?
Hedging – the ability of holding opposite positions (Buy and Sell) in the same trading instrument.
Trading Platform ?
Trading Platform – the software required for trading on a particular account type.
Mobile Trading

Automated Trading

Expert Advisors ?
Expert Advisors – automated trading algorithms that can be programmed using the MetaQuotes Language (MQL) in the MetaTrader platform.

Additional Features

MetaTrader Supreme Edition Add-On ?
MetaTrader Supreme Edition Add-On – the package of additional features for the MetaTrader 4 & 5 platform including a built-in economic calendar and market analysis tools, advanced order types and trade alerts, market sessions map and many more.
One-Click Trading ?
One-Click Trading – the ability to enter the market without additional confirmations which helps speed up the trading process and react to market events with minimum delay.
Volatility Protection Settings ?
Volatility Protection Settings – a unique set of advanced tools that allow traders to minimise risk while trading. VPS allows traders to manage acceptable slippage, trade in any market—regardless of volatility.
Market Depth (Level II Pricing) ?
Market Depth (Level II Pricing) - an interface for viewing the order book, which helps to assess the instrument`s current liquidity and anticipate the potential price action.

News and Analysis

Market News & Analysis by Dow Jones ?
Real-Time News – real-time stream of financial news and expert comments available in the trading platform
Economic Calendar ?
Economic Calendar – the schedule of macroeconomic data publications, central banks meetings and other key events that affect financial markets.
Trading Central ?
Trading Central – the application providing an automated search for trading opportunities based on emerging chart patterns.

Notes

1. Terms for CFDs on currency pairs, commodities, indices, shares, ETFs and bonds (including Minimum and Maximum Contract Sizes) are provided in the  Contract Specifications.
2. Leverage rate for currency pairs and certain types of CFDs depends on notional position value and is provided according to  Margin Requirements.
3. Commissions charged for CFDs on currency pairs and metals on the Zero.MT4 and Zero.MT5 accounts depend on monthly volume, which means active traders pay less. The commission value indicated is for a single-sided trade and charged in the full amount (i.e. doubled) when a position is opened on a Zero.MT4 account, and immediately charged in the full amount when a position is opened or closed on a Zero.MT5 account. Commission structure, calculation examples and rates for different deposit currencies are provided in Commissions. Commissions charged for CFDs on energies and cash indices on the Zero.MT4 and Zero.MT5 accounts do not depend on monthly volume and are charged at flat rates, which can be found in our Contract Specifications.. Commission values in USD are generalised and indicative, please check the precise information for each instrument in our Contract Specifications.
4. The commission is indicated for a single-sided trade and is charged on a "per transaction" basis (i.e. each time when an asset is bought or sold). Please find full information about the commission rates and minimum commission values in Contract Specifications. Calculation examples are provided in Commissions.

1. Open an Account Register in the Trader`s Room, upload required documents, fill in the `Open an Account` form
2. Make a Deposit Choose a convenient payment method, fill in the `Deposit Funds` form, check your account balance
3. Start Trading Download the MetaTrader platform, log in with your account credentials, start trading!