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Admirals

Estonia Estonia
Forex, CFDs & stocks · since 2001
FCACySECASICFSA(SC)what are these? →
4.3
/ 5 ★
RegulationFCA, CySEC, ASIC, FSA(SC)
Min. deposit$1
Leverage1:1 – 1:500
PlatformsMT4, MT5
InstrumentsForex, CFDs & stocks
Founded2001
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at Admirals.
How is this decided and how do I verify it? →

Regulation by region

The entity you sign with — and your protection — changes depending on where you live.

United Kingdom
FCA + FSCSSTP
Admiral Markets UK Ltd (FRN 595450) — FSCS up to £85,000
European Union
CySEC + ICFSTP
Admirals Europe Ltd (CySEC 201/13) — ICF up to €20,000. EU hub after Estonia's 2026 revocation
United States
Not served
Doesn't operate in the US
Australia
Exited the market
AFSL 410681 sold to PU Prime (2025); no longer holds an ASIC license nor serves Australia
Rest of the world
FSCA/CMA + SeychellesSTP
FSCA South Africa (FSP 51311) and CMA Kenya (178) no compensation scheme; Seychelles FSA (SD073) offshore with no protection

All licenses

Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).

United KingdomFCARegulatedSTPFRN 595450
CyprusCySECRegulatedSTP201/13
EstoniaEFSAWarninglicencia revocada 28-abr-2026
AustraliaASICNo licenseAFSL 410681 (vendido a PU Prime 2025)
South AfricaFSCARegulatedSTPFSP 51311
KenyaCMARegulatedSTP178
SeychellesFSAOffshoreSTPSD073

Account types

Trade.MT5spreads from 0.5 pip, no commission on most, min ~€100
Zero.MT5 (raw)from 0.0 pip + commission $1.8-$3/lot, min ~$25
Invest.MT5real stocks/ETFs, $0.02/share commission per side

Pros

✓Top-tier regulation
✓Funds with compensation scheme
✓Transparent operation
✓Competitive costs

Cons

✗Very high leverage (more risk)

Breakdown by axis

The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.

Regulation: Top tier22/22 pts
Why: FCA 595450 + CySEC 201/13 (EU hub after Estonia); established tier-1 group but shrinking: Estonia revoked, ASIC sold
Withdrawals / payments: Isolated complaints10/20 pts
Why: mostly clean in regulated entities, BUT a cluster of serious profit confiscation complaints in the Seychelles entity ($12k wiped, $33k withheld on FPA)
Fund safety: Full (with compensation)15/15 pts
Why: segregated + negative balance + UK FSCS GBP85k / EU ICF EUR20k; the Seychelles entity has no compensation
Transparency: Clear10/10 pts
Why: established and with disclosure, but the EFSA Estonia license was REVOKED (not a minor fine) in the Apr 2026 restructuring
Reputation: Mixed5/10 pts
Why: founded 2001 BUT instability 2025-26: its home regulator EFSA (Estonia) REVOKED its license (Apr 2026) and it sold the ASIC license to PU Prime (2025); Trustpilot ~4.0
Costs: Competitive8/8 pts
Why: Zero raw account + $1.8-3/lot; EA-friendly

Sources

Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.

🔗 FCA registration — Admiral Markets UK Ltd (FRN 595450)🔗 CySEC registration — Admirals Europe Ltd (201/13)🔗 Admirals Group — regulation (entities)🔗 ⚠ EFSA Estonia license revocation (28-Apr-2026)

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