CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Admirals review 2026

Admirals, formerly Admiral Markets, is an Estonian-rooted group with FCA, CySEC and ASIC licences. It pairs MetaTrader with a large add-on toolkit and a wide range of stocks and ETFs.

  • By the brokerdossier.com research team
  • Desk research review, hands-on testing pending
  • Updated 11 Nov 2026
  • Advertiser disclosure
48of 100

Dossier Score for Global

Overall rating in progress: 30% of criteria assessed

This profile is built from public sources. Each licence row shows whether our team has checked it against the regulator's register yet. Confirm on the register yourself before you deposit.

Our assessment

Strengths

  • FCA, CySEC and ASIC licences in the group
  • Extensive MetaTrader add-ons and education
  • Large range of stocks and ETFs alongside forex

Weaknesses

  • Only MetaTrader platforms
  • Inactivity fee applies
  • Offering varies noticeably by entity

Best for MetaTrader users who also want to invest in stocks and ETFs.

How this Dossier Score adds up

The score is calculated by a published formula from the five components below. It changes with your country, because the first component follows the company that would hold your account.

Entity that serves youRegulator tier of the company that would hold your account16 of 45
Group licencesOther tier 1 and tier 2 licences held in the same group20 of 26
Company structurePublicly listed, or a licensed bank0 of 12
Track recordYears in business12 of 12
PenaltiesRegulatory penalties on record in the last five years0 of −15

Methodology v1.1. How the Dossier Score is calculated. Commissions are not an input.

Regulation and legal entities

A broker brand is usually several companies. The one you open an account with decides your leverage limit, whether you have negative balance protection, and which compensation scheme, if any, covers you.

Legal entity Regulator Licence no. Max. leverage Our check
Admiral Markets UK Ltd Serves you United Kingdom, FSCS up to £85,000 FCA Tier 1 595450 1:30 Not yet verified by us Open register
Admirals Europe Ltd Serves you Cyprus, ICF up to €20,000 CySEC Tier 2 201/13 1:30 Not yet verified by us Open register
Admirals AU Pty Ltd Serves you Australia ASIC Tier 1 410681 1:30 Not yet verified by us Open register
Admirals SA (Pty) Ltd Serves you South Africa FSCA Tier 2 51311 Varies Not yet verified by us Open register
Admirals SC Ltd Serves you Seychelles FSA Seychelles Tier 3 (offshore) SD073 Varies Not yet verified by us Open register

Key facts

Founded
2001
Headquarters
Estonia
Publicly listed
No
Group regulators
FCA, CySEC, ASIC, FSCA, FSA Seychelles
Minimum deposit
$100
Platforms
MetaTrader 4, MetaTrader 5
Execution
Market maker, STP
Copy trading
Yes
Islamic account
Yes
Demo account
Yes

Accounts and fees

Spreads we measured

We have not measured live spreads for this broker yet. Until we do, cost does not count towards its rating.

Platforms and execution

Admirals offers MetaTrader 4, MetaTrader 5. Execution model as described by the broker: Market maker, STP.

Deposits and withdrawals

We have not run our own deposit and withdrawal test with this broker yet. When we do, the log appears here with dates and times.

Country availability

Pick your country in the header to see which Admirals entity would serve you.

Not accepted, according to the broker: United States.

Questions readers ask

Is Admirals regulated?

Admirals operates through 5 legal entities in our database, holding licences or registrations with: FCA, CySEC, ASIC, FSCA, FSA Seychelles. Which entity you sign up with depends on where you live, and so does the protection you get. Check the licence number on the regulator's own register before you deposit.

What is the minimum deposit at Admirals?

Admirals advertises a minimum first deposit of $100 on its entry-level account. The amount can differ by entity, account type and payment method.

Which trading platforms does Admirals offer?

Admirals offers: MetaTrader 4, MetaTrader 5. Platform availability can vary between its entities.

Is Admirals a safe broker?

No broker is risk-free. Our Global Dossier Score for Admirals is 48 out of 100. The score reflects the regulator tier of the entity that serves you, the group's other licences, company structure and track record. It says nothing about whether trading will be profitable for you.

CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Alternatives that share a regulator

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
CMC Markets Founded 1989 Listed 91 CMC Markets UK plc FCA #173730 Tier 1 $0 Own platformMT4TradingView Review Visit site
Interactive Brokers Founded 1978 Listed 91 Interactive Brokers LLC CFTC/NFA #0258600 Tier 1 $0 Own platformTradingView Review Visit site
City Index Founded 1983 Listed 89 StoneX Financial Ltd FCA #446717 Tier 1 — Own platformMT4TradingView Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.