Admirals
Admirals (formerly Admiral Markets) is an EU-headquartered broker based in Tallinn, offering MetaTrader with Supreme Edition tools, real stock investing, and CySEC + FCA dual regulation.
#9/29|EUR/USD all-in: $6.00/lotSpread Index- EUR/USD spread
- 0.0 pips (Zero), 0.5 pips (Trade)
- Min deposit
- €25
- Max leverage
- Up to 1:30
- Regulators
- CySEC, FCA
- Platforms
- MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition
Admirals does not onboard clients from your region — editorial link only, no commission.
admirals.com72% of retail CFD accounts lose money.
Quick Answer
Admirals is a Admirals (formerly Admiral Markets) is an EU-headquartered broker based in Tallinn, offering MetaTrader with Supreme Edition tools, real stock investing, and CySEC + FCA dual regulation. With an overall score of 8.2/10, it is best suited for beginners. Key features: EU-headquartered (Tallinn) with CySEC + FCA dual regulation; MetaTrader Supreme Edition with extra tools; Low minimum deposit (EUR 25).
Based on our independent 2026 evaluation of Admirals across 8 scoring dimensions.
Risk warning: 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Latest News
Admirals in the News
ESMA Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Last verified: July 2026
Regulation Desk
Regulation desk
Key Facts
Min Deposit
€25
EUR/USD Spread
0.0 pips (Zero), 0.5 pips (Trade)
Max Leverage (Retail)
Up to 1:30
Commission
$3.00 per lot per side (Zero), None (Trade)
Platforms
MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, SteamTrader
Regulators
CySEC, FCA
Last verified
8 July 2026 · Markets Desk
Verified Admirals' EU regulatory positioning against the CySEC public register and the Estonian FSA on 8 July 2026. EU retail clients are now onboarded through Admirals Europe Ltd (Limassol) — renamed from Admiral Markets Cyprus Ltd — holding CySEC CIF licence 201/13, authorised 14 June 2013, under Cyprus company registration 310328. The group's original Estonian entity, Admiral Markets AS, had its investment-firm licence revoked by the Estonian FSA (Finantsinspektsioon) on 28 April 2026 following a voluntary restructuring, so EU and Estonian clients are now served cross-border from Cyprus rather than under Estonian supervision. UK retail is covered by Admiral Markets UK Ltd (FCA FRN 595450). Cyprus ICF compensation up to EUR 20,000, ESMA 30:1 leverage caps and negative-balance protection bind the EU entity; the parent Admirals Group AS is privately held.
Sources reviewed
Facts confirmed
- CySEC CIF licence 201/13 active for Admirals Europe Ltd (renamed from Admiral Markets Cyprus Ltd), authorised 14 June 2013 — the current EU retail entity(CySEC Investment Firms Register (Admirals Europe Ltd))
- EU entity is a Cyprus-registered investment firm, company registration number 310328, operating under the approved trade name "Admirals"(CySEC Investment Firms Register (Admirals Europe Ltd))
- Estonian entity Admiral Markets AS (registry code 10932555) had its investment-firm licence revoked by the Estonian FSA on 28 April 2026 after a voluntary application; EU and Estonian clients are now served cross-border from the Cyprus CIF(Estonian FSA register (Finantsinspektsioon))
- FCA FRN 595450 active for Admiral Markets UK Ltd (UK retail; authorised to hold client money under the FCA CASS rules)(FCA Financial Services Register)
- EU retail clients covered by the Cyprus Investor Compensation Fund: the lower of 90% of the covered claim and EUR 20,000 per eligible client(Cyprus Investor Compensation Fund (ICF))
- As a CySEC-regulated CIF, the EU entity applies the ESMA 30:1 retail leverage cap on major FX pairs and negative-balance protection per ESMA Decision 2018/796(CySEC Investment Firms Register (Admirals Europe Ltd))
- Parent Admirals Group AS is privately held; only its subordinated bonds were listed on Nasdaq Tallinn (equity is not exchange-listed), and those bonds are being repurchased for delisting(Nasdaq Baltic (Admiral Markets bonds))
We verify each broker against primary regulator registers and the broker's own published documentation. We do not maintain live trading accounts with every broker. Where a claim requires observation we cannot make ourselves (live spread snapshots, platform UX), we cite the broker's published documentation and flag any unverifiable claim plainly. Operator can request a re-verification cycle via the Markets Desk.
Scores Breakdown
Overall Score
Weighted average across all categories
Pros & Cons
Pros
- EU-headquartered (Tallinn) with CySEC + FCA dual regulation
- MetaTrader Supreme Edition with extra tools
- Low minimum deposit (EUR 25)
- Real stock investing via Invest.MT5
- Strong educational resources
Cons
- Spreads not as tight as Exness/Pepperstone
- Only MetaTrader platforms
- Withdrawal fees after 2 free per month
- Brand less recognized globally
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Overview
Admirals (rebranded from Admiral Markets in 2021) stands out as one of the few major forex brokers actually headquartered within the EU, in Tallinn. The broker holds CySEC (201/13) regulation for EU operations and FCA (595450) for UK clients — dual regulatory coverage from two tier-1 European supervisors.
The MetaTrader Supreme Edition is Admirals' unique value proposition. This free plugin extends MT4 and MT5 with additional features including mini terminal for quick trade management, sentiment trader indicator, tick chart trader, trade terminal for multi-account management, and more. These tools add genuine value to the standard MetaTrader experience.
Pricing & Fees
The Invest.MT5 account allows real stock and ETF investing (not CFDs) from within MetaTrader, which is unusual. This enables traders to manage both leveraged forex trading and long-term stock investments from one broker.
Pricing is competitive without being best-in-class. The Trade account offers spreads from 0.5 pips with no commission, while the Zero account provides raw spreads from 0.0 pips plus $3.00 per lot per side commission. The EUR 25 minimum deposit makes it accessible.
Platforms & Tools
Local EU payment methods like iDEAL (Netherlands) and Przelewy24 (Poland) show genuine commitment to serving European clients. The educational resources are strong, with the Admirals Trader's Room offering structured courses and daily analysis.
The main limitation is platform variety - Admirals is MetaTrader-only with no cTrader, TradingView, or proprietary platform option.
How to Open an Account with Admirals
Register
Visit admirals.com and fill out the online registration form with your personal details.
Verify Identity
Upload your proof of identity (passport or national ID) and proof of address (utility bill or bank statement) to comply with KYC requirements.
Fund Account
Deposit funds using Bank Transfer, Credit/Debit Card, Skrill, or other supported methods. Minimum deposit is €25.
Start Trading
Choose your preferred platform (MetaTrader 4 or 3 other options), set up your charts, and begin placing trades.
Trading Conditions
| Minimum Deposit | €25 |
| EUR/USD Spread | 0.0 pips (Zero), 0.5 pips (Trade) |
| Commission | $3.00 per lot per side (Zero), None (Trade) |
| Max Leverage (Retail) | Up to 1:30 |
| Max Leverage (Pro) | 500:1 |
| Swap-Free Accounts | Available |
| Platforms | MetaTrader 4, MetaTrader 5, MetaTrader Supreme Edition, SteamTrader |
| Account Types | Trade.MT4, Trade.MT5, Zero.MT4, Zero.MT5, Invest.MT5 |
| Deposit Methods | Bank Transfer, Credit/Debit Card, Skrill, Neteller, iDEAL, Przelewy24 |
| Withdrawal Fee | Free (2 per month, then EUR 1) |
| Founded | 2001 |
| Headquarters | Tallinn, Estonia |
EU Regulation & Protection
ESMA Compliant
Yes
Negative Balance Protection
Yes
Segregated Client Funds
Yes
Compensation Scheme
ICF up to EUR 20,000
Regulatory Licenses
CySEC
FCAAdmirals FAQ
Community Reviews
Admirals User Reviews
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Community
Discussion
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Risk warning: 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.