Admirals review

Regulated by

FCA (595450); CySEC (201/13); ASIC (AFSL 410681); FSCA (51311); Seychelles FSA (SD073); JSC Jordan (57026); CMA Kenya (178); EFSA (4.1-1/46)

Regulator tier

Tier 1

Register entry

FCA Financial Services Register, FRN 595450

Client money segregated

Yes

Held at

Reputable regulated banking institutions

Negative balance protection

Yes

Compensation scheme

FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients; additional insurance up to €100,000 under applicable entity

Audited by

PricewaterhouseCoopers (PwC)

Not available to

United States, Canada, Japan, Belgium and other jurisdictions where services are restricted or prohibited

Check the licence on the regulator's own site, not on a link somebody sent you.

Admirals holds tier-one authorisations from ASIC, FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Check the licence yourself: the FCA Register, the CySEC register of investment firms, ASIC Connect, the FSCA list of regulated entities, the Seychelles FSA list of regulated entities.

Legal entity

Admirals SC Ltd

Company number

8426894-1

Headquarters

Tallinn, Estonia

Founded

2001

Publicly listed

No

Parent company

Admirals Group AS

Employees

Approx. 300

Also trades as

Admirals; Admiral Markets

Deposit methods

Visa, Mastercard, bank transfer, Skrill, Neteller, Klarna, Trustly and local payment methods

Withdrawal methods

Bank transfer, Visa/Mastercard, Skrill, Neteller and applicable local methods

Deposit time

Instant for cards and most e-wallets; bank transfers typically 1-3 business days

Withdrawal time

Typically same day to 3 business days depending on method

Minimum withdrawal

$1

Local payment methods

Yes; extensive country-specific local payment methods

Spread from

0.0 pips

EUR/USD spread

Approx. 0.1 pips on Zero account

GBP/USD spread

Approx. 0.6 pips on Zero account

Commission

From $3 per side / $6 round turn

All-in cost, EUR/USD

Approx. 0.7 pips

Spread type

Variable

Overnight swap

Both: overnight swaps apply; swap-free trading available

Inactivity fee

€10/month after 24 months inactivity

Deposit fee

None for most methods

Withdrawal fee

One free withdrawal per month; subsequent withdrawals may incur fees

Currency conversion

1%

An offer that beats the market by a wide margin is the most reliable warning sign there is.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Admirals lists a minimum deposit of $25. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, ETFs, Indices, Commodities, Cryptocurrencies, Bonds

Currency pairs

80+

Total instruments

7,500+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

Market execution

Execution speed

Approx. 150ms

Order types

Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop, OCO, OCA

Servers

London and other global data centres

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Admirals covers forex, shares, etfs, indices, commodities, cryptocurrencies, bonds. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, skrill, neteller, klarna, trustly and local payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, Admirals Platform

Own platform

Yes, Admirals Platform

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; Expert Advisors, automated trading, backtesting and VPS

Copy trading

Yes

Indicators

38+ MT5 indicators; additional via MetaTrader Supreme Edition

Third-party tools

MetaTrader Supreme Edition, StereoTrader, Trading Central/Premium Analytics, VPS

API access

Yes

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Minimum deposit

$25

Account types

Trade.MT5, Zero.MT5, Trade.MT4, Zero.MT4, Invest.MT5, Demo

Account currencies

USD, EUR, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON, AUD and other entity-dependent currencies

Islamic account

Yes

Demo account

Yes; 30-day expiry with extension available

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Support hours

24/5

Contact channels

Live chat, email, phone

Languages

20+ languages

Telephone

+44 20 8157 7344

Email

global@admiralmarkets.com

Live chat response

Typically under 2 minutes

Education

Extensive: courses, webinars, articles, tutorials, ebooks and videos

Research

Extensive: market news, fundamental and technical analysis, Premium Analytics, sentiment analysis, podcasts and forecasts