| ?Minimum deposit | 200 AUD
200 USD | 1000 AUD
1000 USD |
Minimum deposit is the least amount of capital needed to activate your trading account |
| ?Trading products | Currency pairs - 31
Cryptocurrencies - 4
CFDs on spot metals - 4
CFDs on spot energies - 3
CFDs on spot indexes - 16
Index Futures CFDs - 2
CFDs on stocks - 64
CFDs on bonds - 2 | Currency pairs - 44
CFDs on spot metals - 3 |
| Trading products is available for trading rolling spot contracts on currency pairs and Contract for Difference (CFD).
A CFD is a derivative instrument that unlocks trading of a certain asset, without acquiring it. With CFDs, you only own the trading outcome that results from price fluctuations, not the asset itself. |
| ?Leverage (currency pairs) | 1:500 - 1:10 2 | 1:500 - 1:10 2 |
| Leverage shows how many times larger the size of your trade can be, compared to the size of your capital. If the leverage is 500:1, then a contract of 100,000 AUD requires only 200 AUD as a margin. |
| ?Leverage (Indices) | 1:500 - 1:10 2 | |
| Leverage shows how many times larger the size of your trade can be, compared to the size of your capital. If the leverage is 500:1, then a contract of 100,000 AUD requires only 200 AUD as a margin. |
| ?Spreads and Pips | Starts at 0.8 | Starts at 0 |
Spread can be measured by subtracting the Bid price from the Ask price, in the quotation of a certain currency pair. It is measured in pips.
As Admiral Markets provides you with the industry leading spreads, the price quotations for currency pairs come with five decimal points. The fifth number in the quote is also known as a nano pip.
For example, let's take a look at the currency rate of AUD/USD. It is possible to buy this pair at 1.12345 and sell it at 1.2343. This means that the spread is equal to 1.23456 - 1.23453 and is 0.00003 or 3 nano pips. |
| ?Limit and Stop Levels in Pips | 0 pips | 0 pips |
Limit / stop levels show the minimum possible difference between the current price on the market and the allowed price for a pending order. These levels are only applicable in normal market conditions and are measured in pips.
Like most FX accounts in Australia, Admiral.Markets and Admiral.Prime accounts come with prices quoted to 5 decimal points. |
| ?Commission (Currencies) | | AUD 3.50 per 1.0 lots 3 |
Commission is the fee that is paid for each of the transactions. It is due every time the trade is opened and closed. The size of the commission is proportional to the size of your trade. |
| ?Tick size (currencies) | 0.00001 | 0.00001 |
Tick size - the minimum possible change of a price |
| ?Type of execution | Market Execution | Market Execution |
Our FX trading account in Australia come with instant and market execution types. Instant execution is the process of filling an order at the posted price.
It is possible to receive a requote, as the posted price may no longer be valid. If such event occurs, you will be asked to reconfirm a newer price.
Market execution is the process of filling an order at the best price that is available on the market. This way, a trader can be sure that there will be no requotes. |
| ?Requotes | | |
Requote is an altered price that is supplied when an order cannot be processed at the posted price. It is only the case for accounts that come with instant execution. |
| ?Minimum Forex order size, lots | 0.01 (step 0.01) | 0.1 (step 0.01) |
Minimum contract size is the lowest possible volume required to open a position. It is measured in lots, which is a standard for MetaTrader 4 and stands for 100,000 units of the currency.
For other instruments, it is a certain, predefined amount - e.g. 100 barrels of crude oil or 100 oz of gold. |
| ?Maximum Forex order size, lots | 100 | 200 |
Maximum contract size is the largest possible value of the contract, to open a position. It is measured in lots, which is a standard for MetaTrader 4 and stands for 100,000 units of the currency.
For other instruments, it is a certain, predefined amount - e.g. 100 barrels of crude oil or 100 oz of gold. |
| ?Maximum open and pending orders | 200 | 200 |
Maximum open and pending orders are the largest possible value of all of the opened orders, combined with all the pending orders on a single trading account. |
| ?Stop out | 30% | 50% |
Stop out is the process of terminating open positions at the market price, due to a drop in margin level. |
| Hedging? | | |
Hedging is the process of opening reversal positions on the same trading instrument. |
| ?Trading software |  | |
Trading software - the platform required for traders to use a specific trading account. |
| Mobile trading | | |
