An Estonian-owned CFD and forex broker with licensed companies in the UK, Cyprus, Kenya and the Seychelles. International clients usually join the Seychelles company, which offers leverage up to 1:1000 and a $25 minimum deposit.
Facts last checked 20 October 2026. Always confirm on the regulator’s register. How we review brokers
Get an email when Admirals (Admiral Markets)'s licence or key facts change.
Key facts
Founded
Not yet checked
Headquarters
Tallinn, Estonia (Admirals Group AS)
Minimum deposit
$25
Max. retail leverage
1:30 on major pairs (UK, EU); up to 1:1000 at the Seychelles company
✓FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the Seychelles companyWhat this means
Regulation and entities
Your protection depends on which company holds your account, and that depends on where you live. Each row is one licensed company. What regulation means
Before you deposit: search the licence number on the register, then check that the website and phone number listed there match the ones you are using. How to check a licence
Websites
Official websites
✓admiralmarkets.com
✓admirals.com
✓admiralmarkets.com.cy
Type the address yourself or use a bookmark. Check it matches the website listed for the firm on the regulator’s register.
Watch out for look-alike sites
These addresses have used Admirals (Admiral Markets)’s name but are not run by it:
✗admiral-fx.com(not official)
✗fxsadmiral.com(not official)
✗admiralsfx.org(not official)
✗admiralsfx.com(not official)
✗admiralsfx.net(not official)
✗admiralsfx.trade(not official)
A clone firm copies a real broker’s name, licence number and branding to take deposits. The register shows the genuine firm, so the surest check is the contact details: if the website, email or phone number you were given is not the one on the register, treat it as a clone. Check a broker step by step
Accounts and costs
Account types and costs not yet checked.
Cost per lot = typical EUR/USD spread × $10 + round-turn commission, for one standard lot (100,000 units) in busy hours. Swap and other fees are extra. Trading costs explained
Leverage and margin
Leverage lets you open a position bigger than your deposit, so losses grow as fast as gains. The caps below are the most Admirals (Admiral Markets) allows; you can always use less.
30% (Seychelles company)When your equity falls to 30% (Seychelles company) of your used margin, the platform starts closing your trades, usually the biggest loser first, until the level recovers.
UK and EU companies licensed by the FCA and CySEC, with client money in segregated accounts
Low minimum deposit (25 USD or EUR on Trade.MT5 and Zero.MT5, 1 USD or EUR on Invest.MT5)
Fees and charges page lists the inactivity, withdrawal and transfer fees in one place
Watch out for
International clients join Admirals SC Ltd, licensed only in the Seychelles (offshore tier), with leverage up to 1:1000
Says Admirals SA (Pty) Ltd is licensed by the FSCA; the FSCA's OTC derivative provider list shows it as Withdrawn, and we could not reach the FSCA FSP register on 2026-10-20 to check its FSP licence.
The group also names companies in Jordan, Canada and the UAE; we did not confirm those licences on 2026-10-20.
Only one free withdrawal a month per payment method; after 24 months without trades a 10 EUR monthly fee applies
Overview
Admirals, formerly Admiral Markets, belongs to Admirals Group AS of Estonia. It offers forex and CFDs on MetaTrader 4 and 5 and its own Admirals platform, plus real stocks and ETFs on its Invest.MT5 account. The website you see depends on where you live; from most countries outside the UK and EU it is run by Admirals SC Ltd in the Seychelles.
Regulation and safety
We checked these on the regulators’ registers on 20 October 2026: Admiral Markets UK Ltd (FCA 595450), Admirals Europe Ltd (CySEC 201/13, formerly Admiral Markets Cyprus Ltd), Admirals KE Limited (Kenya CMA, licence 178, listed as a non-dealing online foreign exchange broker) and Admirals SC Ltd, which appears on the FSA Seychelles list of securities dealers. The Seychelles list gives no numbers; SD073 is the number Admirals publishes. The FCA register lists Admiral Markets AS and Admiral Markets Cyprus Ltd as no longer authorised in the UK.
The company you join decides your protection. UK clients have the FSCS and EU clients the Cypriot investor compensation fund. The Seychelles company is offshore tier, with no compensation scheme. Its retail clients have a negative balance policy, but leverage is up to 1:1000 on currencies. The FCA has also warned about clone sites using the Admirals name, including admiralsfx.com and fxsadmiral.com. Our guides to broker regulation and broker scams explain how to check a website.
Costs
At the Seychelles company, Trade.MT5 is spread-only, with forex spreads from 0.6 pips. Zero.MT5 has spreads from 0.0 pips plus a commission of 1.8 to 3.0 USD per lot on forex and metals. Admirals publishes minimum spreads, not typical ones, so we have not listed typical figures. Swaps apply overnight. Inactivity costs 10 EUR a month after 24 months without trades. Use the trading costs guide to compare the two accounts for your volume.
Platforms and tools
MetaTrader 4 and 5 are offered, with the MetaTrader Supreme Edition add-on, StereoTrader and a VPS service. Admirals also has its own web platform and mobile app. See MT4 vs MT5.
Deposits and withdrawals
Deposits by bank transfer, card, Skrill, Neteller and crypto are free. You get one free withdrawal a month per payment method; after that the Seychelles company charges a fee that depends on the method, such as 2% or 3%. Transfers between accounts in different currencies cost 1%.
Who it may suit
The Seychelles account fits traders who want low minimum deposits and MetaTrader with a wide range of CFDs, and who accept an offshore licence. UK and EU residents get the FCA or CySEC company instead. Check the company name on our broker check page and practise on a demo account first.
How to open an account
The steps as we checked them. Never deposit until you have confirmed the licence.
Check which company you will join
UK residents join Admiral Markets UK Ltd (FCA), EU and EEA residents Admirals Europe Ltd (CySEC), Kenyans Admirals KE Limited (CMA). Most other clients join Admirals SC Ltd in the Seychelles. The company is named in your client agreement.
Register in the Dashboard
Sign up with your email, then fill in your personal details and the questions about your trading knowledge.
Verify your identity
Upload ID and proof of address as asked in the Dashboard.
Choose an account
Trade.MT5 (spread only), Zero.MT5 (raw spread plus commission) or Invest.MT5 (real stocks and ETFs). MT4 versions of Trade and Zero are also offered.
Fund and practise
Deposit at least 25 USD or EUR to activate a Trade or Zero account. Try the demo account before trading live.
What changed on this profile
Profile published. Licences checked on the FCA, CySEC, Capital Markets Authority (Kenya) and FSA Seychelles registers. FSCA FSP register could not be reached.
Admirals (Admiral Markets): common questions
Is Admirals regulated?
Yes. Admiral Markets UK Ltd is FCA-authorised (595450), Admirals Europe Ltd holds CySEC licence 201/13, Admirals KE Limited is licensed by Kenya's CMA (licence 178) and Admirals SC Ltd is on the FSA Seychelles list of securities dealers. We checked each on 20 October 2026. The Seychelles licence is offshore tier.
Which Admirals company will I join?
Admiral Markets UK Ltd if you live in the UK, Admirals Europe Ltd in the EU and EEA, Admirals KE Limited in Kenya, and Admirals SC Ltd (Seychelles) in most other countries. Check the name in your client agreement.
What is the minimum deposit?
At the Seychelles company, 25 USD or 25 EUR activates a Trade.MT5 or Zero.MT5 account, and 1 USD or EUR an Invest.MT5 account. Amounts in other currencies are listed on the account types page.
Can I lose more than I deposit?
Admirals publishes a negative account balance policy for retail clients, and UK and EU retail clients have negative balance protection by rule. Leverage up to 1:1000 at the Seychelles company still means losses can build very quickly.
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This profile is factual information, not a recommendation or financial advice. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Read the full disclaimer.
