Admirals Review 2026
Admirals is an Estonian founded broker now regulated mainly through the UK and Cyprus, after giving up its home Estonian licence and selling its Australian business in the past two years.
Min Deposit
€1
Spreads From
0.0 pips
Max Leverage
1:30
Platforms
4
Pros
- Regulated by the FCA in the UK and CySEC in Cyprus
- Spreads start from 0.0 pips on the Zero account
- Offers MetaTrader 4, MetaTrader 5, and the Supreme Edition add on
- Named Estonia's most competitive financial firm in 2023
- Client money is held in segregated bank accounts
Cons
- Gave up its home Estonian licence in April 2026
- Sold its Australian business, so ASIC cover is gone
- Cancelled its UAE licence in November 2025, so it no longer serves that market
- Fined 20,000 euros in 2022 for wrong trade reporting
- Reported an 18.5 million euro group loss for 2025
- Trustpilot reviewers report accounts closed over fund checks
- Paused new EU client signups for about a year from April 2024
Admirals started in 2003 in Tallinn, Estonia, as Admiral Markets, and took the Admirals name in 2021. The group has pulled back fast lately. It sold its Australian business to PU Prime, dropped its UAE licence, and stopped new signups through its Jordan and Kenya units. In April 2026 it gave up its own Estonian licence too.
Admiral Markets UK Ltd holds an FCA licence, and Admirals Europe Ltd holds a Cyprus CySEC licence. Estonia's regulator fined the group 20,000 euros in 2022 for trade reporting errors, though an earlier 32,000 euro fine was later cancelled by a court. Spreads start from 0.0 pips on the Zero account, or 0.5 pips with no commission on the standard account.
The group lost 18.5 million euros in 2025, as revenue fell by more than half and active clients dropped by a third. On Trustpilot, Admirals scores near 4.2 out of 5, but 1 star reviews often describe accounts closed over source of funds checks, with slow returns of the client's own money.
Min. Deposit
USD 1
Max Leverage
1:30 for retail clients (up to 1:500 for professional clients)
Spreads From
0.0 pips
Platforms
Admirals (formerly Admiral Markets) is a multi-regulated broker founded in 2001 and regulated by the FCA in the UK, CySEC in Cyprus, ASIC in Australia, and JSC in Jordan. One of the oldest online brokers in Europe, Admirals has built a strong reputation for transparency, competitive pricing, and a vast product offering.
The broker provides access to over 8,000 instruments including forex pairs, share CFDs, ETF CFDs, commodities, indices, bonds, and the ability to invest directly in real stocks and ETFs through Invest.MT5. This makes Admirals one of the few brokers offering both CFD trading and real share/ETF investing on the same platform.
Admirals is renowned for its premium analytics and education tools, including a free Supreme Edition plugin for MT4/MT5 with advanced indicators, the StereoTrader plugin for advanced order management, and an extensive trading academy with free courses, webinars, and a comprehensive trading glossary. Client funds are held in segregated accounts with top-tier European banks.
Trade.MT5
Zero.MT5
Invest.MT5
Zero.MT4
45+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- FCA (UK)
- CySEC (Cyprus)
- ASIC (Australia)
- JSC (Jordan)
