Admirals Review

Is Admirals (Admiral Markets) a Trusted Forex Broker?

In this updated Admirals Review 2025, we assess the broker’s overall trustworthiness based on five key criteria that form the foundation of the FX Trust Score Index: regulatory compliance, fund protection, customer support, online reputation and trading conditions. Admirals, formerly known as Admiral Markets, is a long-standing and well-regulated broker that has served global retail and institutional traders for more than two decades.

While the company has had periods of slower growth, its continued investment in technology, regulatory expansion, and educational resources has strengthened its standing in the competitive forex and CFD industry. Before deciding whether Admirals is the right broker for your trading needs, this independent review provides a detailed breakdown of its current features, performance and reputation.

Introduction to Admirals: A Brief Overview

Admirals, established in 2001, operates as a multi-asset broker providing access to forex, indices, commodities, stocks, ETFs, and cryptocurrencies through both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The firm rebranded from Admiral Markets to Admirals in 2021 to better reflect its broader investment and trading focus.

Today, Admirals holds multiple top-tier regulatory licences and serves clients in over 100 countries. It has also built one of the most extensive collections of educational materials in the industry, covering topics from beginner trading tutorials to advanced strategy development. The broker’s “Admirals Academy” is particularly well-rated for its structured learning paths, live webinars and in-depth market analysis.

That said, Admirals continues to face some challenges, such as its limited weekend customer support and slightly narrower range of assets compared to some of its multi-asset rivals.

Is Admirals safe?

Licensing and Regulation

Admirals operates under a strong regulatory framework and holds multiple licences globally, including from the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), CySEC (Cyprus), EFSA (Estonia), JSC (Jordan) and FSCA (South Africa).

These licences require strict compliance with capital adequacy rules, segregation of client funds, and ongoing audits. Additionally, Admirals maintains outward passporting registrations across several European jurisdictions — including BAFIN (Germany), CONSOB (Italy), CNMV (Spain), ACPR (France), MNB (Hungary), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands) and FI (Sweden) — allowing it to provide regulated services across much of the EU.

This extensive regulatory footprint enhances Admirals’ credibility and makes it one of the more transparent brokers operating in multiple international markets.

Security of Funds & Protection

Admirals employs industry-standard fund protection mechanisms to safeguard client money. All client deposits are held in segregated accounts with reputable EU and UK banks, separate from the broker’s own operating funds. The company also offers negative balance protection, ensuring retail traders cannot lose more than their deposited amount.

Furthermore, clients registered under its CySEC entity benefit from membership in the Investor Compensation Fund (ICF), while those under the FCA are covered by the Financial Services Compensation Scheme (FSCS). These measures provide a solid, though not absolute, layer of financial protection and demonstrate Admirals’ ongoing commitment to maintaining a secure trading environment.

The Admirals Trading Platforms

Admirals provides access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), widely regarded as two of the most reliable and versatile trading platforms available. Traders can access them via desktop, web browser, or mobile app on both Android and iOS.

The broker has also introduced its own Admirals App, offering a more streamlined mobile trading experience and integrated account management. For traders who prefer browser-based access, the MT4 and MT5 WebTrader platforms offer convenient trading without software downloads.

While Admirals’ use of third-party platforms ensures familiarity and reliability, the absence of a fully proprietary platform does limit differentiation compared to competitors that provide bespoke trading environments.

Admirals’ Trading Assets

Admirals offers a diverse range of instruments across multiple asset classes. Traders can access 80+ forex pairs, including majors, minors and exotics, as well as CFDs on indices, commodities, stocks, ETFs, bonds, and cryptocurrencies.

Product availability varies by account type. For instance, Trade.MT4 and Trade.MT5 accounts cover forex, indices and commodities, whereas Invest.MT5 users gain access to more than 4,000 stocks and ETFs. This structure allows traders to choose between leveraged CFD trading or direct share investment depending on their strategy and jurisdiction.

Trading Conditions at Admirals

Spreads & Commissions

Admirals offers transparent pricing across its account types. Zero.MT4 and Zero.MT5 accounts feature raw spreads from 0.0 pips, with a small fixed commission per trade, while Trade.MT4 and Trade.MT5 accounts offer spreads from 0.5 pips with no additional commission.

On average, EUR/USD spreads hover around 1.3 pips, making Admirals competitive but not necessarily the cheapest broker in the market. The broker does not charge deposit fees, though only one withdrawal per month is free — subsequent withdrawals may incur small processing fees depending on payment method.

Leverage

Leverage at Admirals is determined by region and instrument type. Under FCA and CySEC regulation, leverage is capped at 1:30 for major forex pairs, 1:20 for minors and gold, and 1:5 for stocks, ETFs, and bonds. Clients under other entities may access leverage of up to 1:500, subject to local regulations and professional status.

While higher leverage can magnify profits, it equally increases the potential for loss. Admirals therefore encourages traders to manage exposure responsibly and make use of its integrated risk management tools.

Admirals’ Customer Support

Customer support at Admirals is available 24/5 via live chat, email, and phone, with service offered in 17 languages. The support team is generally knowledgeable and helpful during business hours, though the absence of 24/7 assistance can be inconvenient for traders operating in global markets or during major weekend events.

The broker’s FAQ and Help Centre provide answers to common account and platform questions, but users requiring more technical guidance will typically need to contact support directly during operating hours.

The FXTS Verdict: Is Admirals a Trusted Broker?

Following our updated independent analysis, Admirals achieves an overall FX Trust Score of 68%, reflecting a clear improvement across regulatory compliance, fund protection, and platform reliability.

Admirals remains a well-regulated broker offering competitive spreads, advanced MetaTrader platforms, and an excellent educational ecosystem that appeals to both beginner and intermediate traders. While its limited product diversity and absence of weekend support may deter some professionals, the broker’s emphasis on transparency, client protection, and learning tools continues to set it apart from many mid-tier competitors.

In summary, Admirals is a dependable and well-structured choice for traders seeking a regulated, education-focused forex and CFD broker with a proven track record and consistently solid execution.

This review was freshly updated on the 8th October 2025 by FX Trust Score.