Admiral Markets extends its zero-spread offer to MetaTrader 5

Admiral Markets has extended its zero-spread offer to the MetaTrader 5 forex trading platform. With this news, Admiral Markets now offers traders spreads that start at 0 pips, with variable commissions depending on their monthly trading volumes and the assets they trade:

Forex & precious metals: $1.8 to $3 USD per lot
Cash indices: $0.05 to $3.00 USD per lot
Spot energy: USD $1 per lot

According to the statement released yesterday, the "Zero.MT5" account is available through their offices in the United Kingdom, Cyprus and Australia. Professional traders can access leverage up to 1:500 and individual traders just 1:30.

"This will give experienced traders the opportunity to reduce their trading costs while accessing the wider range of instruments available on the MT5 platform. The range of instruments includes currency pairs, spot metals, spot energies and spot indices", the company says.

Growing adoption of MetaTrader 5

The MetaTrader 4 and MetaTrader 5 platforms that were developed by MetaQuotes have become an industry standard in the forex trading industry. Although MetaTrader 4 remains the dominant trading platform, brokers are increasingly adopting the MT5 platform.

In addition to the launch of the new Zero.MT5 account, Admiral Markets has also renamed its existing account types to better reflect their features and benefits.