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Head to head

Admirals (Admiral Markets) vs FP Markets

Admirals (Admiral Markets) is licensed by FCA in the United Kingdom, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. FP Markets is licensed by ASIC in Australia, CySEC in the European Union and CMA in Kenya, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $25 at Admirals (Admiral Markets) and $100 at FP Markets. Both offer negative balance protection and segregated client money.

Facts last checked: Admirals (Admiral Markets) on 20 October 2026, FP Markets on 20 October 2026.

Admirals (Admiral Markets) profileFP Markets profile
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
FP MarketsStrictly regulatedRead the profile
Comparing
Admirals (Admiral Markets)United Kingdom
FP MarketsRaw account · Australia

Overview

Founded
Not yet checked
2005
Headquarters
Tallinn, Estonia (Admirals Group AS)
Sydney, Australia
Official websites
  • admiralmarkets.com
  • admirals.com
  • admiralmarkets.com.cy
  • fpmarkets.com
  • fpmarkets.eu
  • fpmarkets.co.ke
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
Admiral Markets UK Ltd
First Prudential Markets Pty Ltd
Regulator
FCA
United Kingdom
ASIC
Australia
Regulation level
Strictly regulated
Strictly regulated
Licence number
595450
Check the register
AFSL 286354
Check the register
Clients this company serves
UK residents
Australian residents
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
  • ASIC (Australia)
  • CySEC (European Union)
  • CMA (Kenya)
  • FSA Seychelles (Seychelles)
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the Seychelles company
ICF up to €20,000 (Cyprus company); none for the Australian, Seychelles or Saint Lucia companies

Costs

Your monthly cost
No accounts listed
$79$7.9 per lot × 10 lots
Cost per lot (EUR/USD)
No accounts listed
$7.9
Spread from
No accounts listed
0.0 pips
Typical EUR/USD spread
No accounts listed
0.2 pips
Commission per lot (round turn)
No accounts listed
$6
Typical GBP/USD spread
Not yet checked
0.5 pips
Typical USD/JPY spread
Not yet checked
0.6 pips
Typical XAU/USD spread
Not yet checked
10 cents
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU); up to 1:1000 at the Seychelles company
1:30 on major pairs (Australia, EU); up to 1:500 at the international companies
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
  • Major currency pairs (Australia: 1:30
  • Currency pairs (international companies): up to 1:500
Margin call level
Not yet checked
Not yet checked
Stop-out level
30% (Seychelles company)
Not yet checked

Account

Minimum deposit (this account)
No accounts listed
$100
Base currencies
No accounts listed
Not yet checked
Execution
No accounts listed
Raw spread plus US$3 commission per lot each way (MT4, MT5, cTrader, TradingView)

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader WebTrader
  • Admirals Platform
  • Admirals Mobile App
  • StereoTrader
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • WebTrader
Markets
80 currency pairs, metal, energy, index, stock, ETF and crypto CFDs, plus real stocks and ETFs on Invest.MT5
70+ currency pairs, metals, indices, commodities, share CFDs and crypto CFDs
Demo account
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Debit or credit card
  • Skrill
  • Neteller
  • Crypto
  • Bank wire
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Crypto
  • Broker-to-broker transfer
Withdrawal fee
One free withdrawal a month per payment method, then a fee by method (2% or 3% at the Seychelles company)
Not yet checked
Inactivity fee
10 EUR a month after 24 months without trades (only on a positive balance)
Not yet checked

Support

Customer support
Not yet checked
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
  • Licensed by ASIC and CySEC, with retail client money held separately from company funds
  • Publishes average spreads per account (EUR/USD 1.29 pips Standard, 0.19 pips Raw)
  • Wide platform choice, including cTrader and TradingView
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
  • The international website is operated by FP Markets Ltd, a Saint Lucia company (registration 2025-00853) that holds no financial licence; check which company your client agreement names.
  • International clients may be placed with the Seychelles company (offshore tier), with leverage up to 1:500 and no compensation scheme
  • Says FP Markets (Pty) Ltd is an FSCA-authorised financial services provider (FSP 50926); we could not confirm it on the FSCA register on 2026-10-20 because the register could not be reached.

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.
  • FP Markets: Derivative products are highly leveraged, carry a high level of risk and may not be appropriate for all investors. The legal documents should be considered before entering into transactions with us.

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Other 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. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

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

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