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Broker comparison

Compare forex brokers side by side

Pick up to three brokers, then the account you would use and the company you would sign up with. Regulation and protection come first, because they decide what happens to your money if something goes wrong; costs come next.

Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
Admirals (Admiral Markets)Strictly regulatedRead the profile
AlpariRead the profile
AMarketsRead the profile
Comparing
Admirals (Admiral Markets)United Kingdom
Alpari
AMarkets

Overview

Founded
Not yet checked
1998
2007
Headquarters
Tallinn, Estonia (Admirals Group AS)
Fomboni, Mohéli, Comoros
Not yet checked
Official websites
  • admiralmarkets.com
  • admirals.com
  • admiralmarkets.com.cy
  • alpari.com
  • amarkets.com
  • amarkets.org
Facts last checked
20 October 2026
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Admiral Markets UK Ltd
No licence listed
No licence listed
Regulator
FCA
United Kingdom
No licence listed
No licence listed
Regulation level
Strictly regulated
No licence listed
No licence listed
Licence number
595450
Check the register
No licence listed
No licence listed
Clients this company serves
UK residents
No licence listed
No licence listed
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
None listed
None listed
Segregated client money
Yes
No
No
Negative balance protection
Yes
No
Yes
Compensation scheme
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the Seychelles company
None
None

Costs

Your monthly cost
No accounts listed
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Not yet checked
Swap-free account
Yes
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU); up to 1:1000 at the Seychelles company
Up to 1:3000 (ECN and Pro ECN); 1:1000 on Standard; 1:500 on Micro
Up to 1:3000
Retail leverage by asset class
  • Currency pairs (Seychelles company): up to 1:1000
  • Indices (Seychelles company): up to 1:500
  • Major currency pairs (UK and EU companies): 1:30
  • Micro account: Up to 1:500
  • Standard account: Up to 1:1000
  • ECN and Pro ECN accounts: Up to 1:3000 (floating)
  • All account types: Up to 1:3000, depending on instrument
Margin call level
Not yet checked
50% on Micro and Standard; 80% on ECN and Pro ECN
Not yet checked
Stop-out level
30% (Seychelles company)
20% on Micro and Standard; 50% on ECN and Pro ECN
20% on Standard; 40% on ECN and Zero

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader WebTrader
  • Admirals Platform
  • Admirals Mobile App
  • StereoTrader
  • MetaTrader 4
  • MetaTrader 5
  • Alpari trading app
  • MetaTrader 4
  • MetaTrader 5
  • AMarkets app
  • Web trader
Markets
80 currency pairs, metal, energy, index, stock, ETF and crypto CFDs, plus real stocks and ETFs on Invest.MT5
Forex, metals, indices, commodities, cryptocurrencies, stocks, ETF, futures and crosses CFDs
44 currency pairs, metals, indices, commodities, cryptocurrencies, about 400 shares and 19 ETFs (CFDs)
Demo account
Yes
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Debit or credit card
  • Skrill
  • Neteller
  • Crypto
  • Debit or credit card
  • Bank wire
  • E-wallet
  • Cryptocurrency
  • Local payment methods
  • Bank transfer
  • Debit or credit card
  • E-wallet
  • Local payment methods
Withdrawal fee
One free withdrawal a month per payment method, then a fee by method (2% or 3% at the Seychelles company)
Varies by method; the fee is taken from the amount withdrawn
AMarkets says deposits carry no fee; withdrawals go back to the account or card you paid from
Inactivity fee
10 EUR a month after 24 months without trades (only on a positive balance)
Not yet checked
Not yet checked

Support

Customer support
Not yet checked
Live chat, chatbot, messengers and phone helpline
Not yet checked

Our notes

Strengths
  • 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
  • Four account types, from a $30 Micro account to a raw-spread Pro ECN account
  • Commission-free Micro, Standard and ECN accounts
  • MetaTrader 4 and 5, PAMM investing and a demo account
  • Three account types with negative balance protection on each
  • Commission-free Standard account; ECN and Zero accounts for raw spreads
  • MetaTrader 4 and 5, its own app and a copy-trading service
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
  • Says it holds Mwali International Services Authority (MISA) licence T2023236; we could not confirm it on MISA's register on 2026-10-20, because the register sits behind a bot check
  • No licence from a strict regulator; not available to UK or EU residents
  • We found no statement on its site about segregated client money or negative balance protection
  • Leverage up to 1:3000, and deposit bonuses that come with conditions
  • Says AMarkets LTD holds Mwali International Services Authority (MISA) licence T2023284; we could not confirm it on MISA's register on 2026-10-20, because the register sits behind a bot check
  • Its other companies are registrations in the Cook Islands and St Vincent and the Grenadines, not financial licences
  • No licence from a strict regulator; not available in the UK, EU, EEA or US
  • Leverage up to 1:3000 on every account

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Admirals (Admiral Markets): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • Alpari: Before trading, you should ensure that you've undergone sufficient preparation and fully understand the risks involved in margin trading.

Head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet, not that the broker lacks it. Always confirm costs and licences on the broker’s site and the regulator’s public register before opening an account. See how we review brokers and check a broker yourself. New to this? Start with how to choose a forex broker and the free choosing a broker course.

Nothing on this page is financial advice. Read the full disclaimer.

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