Admirals Review 2026
Admirals (formerly Admiral Markets) is a long-established broker with FCA, CySEC and FSA Seychelles entities, 8,000+ instruments and MetaTrader Supreme Edition.
- Compliant
- Estonia
- CySEC
- FCA
- CMA Kenya
- FSA Seychelles
- JSC Jordan
- Min. Deposit
- $100*
- Max. leverage
- 1:500
- Spread From
- 0.5 pip
- Commission
- $0
- Trading platforms
- MetaTrader 4, MetaTrader 5 and MetaTrader Supreme Edition with extra indicators and widgets.
Key features
- 8,000+ CFD and investing instruments
- Real stock and ETF investing on Invest accounts
- MetaTrader Supreme Edition tooling
- Multi-language support across Europe
Regional coverage
Strong fit for UK and EU traders under FCA or CySEC. Admiral Markets AS gave up its Estonian investment-firm licence at its own request (withdrawn by Finantsinspektsioon effective 28 April 2026); EU clients are served by Admirals Europe Ltd (CySEC). The Kenya (CMA 178) and Jordan (JSC) licences are held but not used for new onboarding, so most international clients are placed with Admirals SC Ltd (Seychelles). Group headquarters remain in Tallinn, Estonia.
Investor protection
UK clients may access FSCS protection up to £85,000 under the FCA entity. CySEC clients fall under the ICF (€20,000). Segregated client funds at all tier-1 entities.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FSA Seychelles · License No. SD073
Admirals SC Ltd · Selected jurisdictions
CMA Kenya · License No. 178
Admirals KE Limited · Kenya (no client business conducted yet)
JSC Jordan · License No. 1/3/01970/21
Admiral Markets AS Jordan Ltd · Jordan (not onboarding new clients)
Trading conditions
- Min. Deposit
- $100*
- Spread From
- 0.5 pip Standard
- Commission
- $0
- Max. leverage
- 1:500
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5 and MetaTrader Supreme Edition with extra indicators and widgets.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Islamic / swap-free accounts are published as available in supported regions.
- Both MetaTrader 4 and MetaTrader 5 are listed.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.