Admirals review

Rated 4.4 / 5 · Best for MetaTrader users wanting tight Zero-account spreads from a multi-regulated mid-tier broker, especially in MENA + Eastern Europe.

Regulators
CySEC, FCA, ASIC, JSC Jordan, EFSA Estonia, FSA South Africa
Min. deposit
$1
Spread from
0.0 pips (Zero account)
Max. leverage
Up to 1:30 (EU retail) / 1:1000 (offshore)
Platforms
MT4, MT5, MT WebTrader, Admirals Mobile
Founded
2001 · Tallinn, Estonia / London, UK

Pros

  • 20+ year operating history (founded 2001, ex Admiral Markets)
  • Multi-jurisdictional regulation: CySEC, FCA, ASIC, EFSA, JSC Jordan
  • Zero account spreads from 0.0 pips with $1.80–3.00 commission
  • $1 minimum deposit on Trade.MT4 account
  • MetaTrader Supreme Edition plugin — best free MT4 add-on suite
  • Strong MENA presence with Arabic platform + Jordanian regulation

Cons

  • Pulled out of UK retail market temporarily in 2023, returned 2024
  • Inactivity fee of €10/month after 24 months dormant
  • Limited proprietary platform — MT4/MT5 only

Admirals review summary

Admirals (formerly Admiral Markets) is one of the longest-running retail FX brokers in Europe, founded in Tallinn, Estonia in 2001 with subsequent expansion to the UK, Cyprus, and across the MENA region. Its MetaTrader Supreme Edition plugin — a free MT4 add-on with 60+ extra tools (mini terminal, market sentiment, correlation matrix, mini-charts) — is considered the gold-standard free MT4 enhancement.

Admirals operates a multi-entity structure with JSC Jordan regulation (rare among EU brokers) giving it strong direct authority in the Levantine MENA region. The Cyprus (CySEC) and UK (FCA) entities serve European clients; the Estonian entity (EFSA) is the historical home.

Zero account spreads (0.0 pips raw on EUR/USD + commission) compete with Pepperstone and IC Markets, while the $1 minimum on the Trade.MT4 account makes it accessible to beginners.

Account types

AccountMin. depositSpreadsCommission
Trade.MT4$1From 0.5 pipsNone
Trade.MT5$1From 0.5 pipsNone
Zero.MT4$100From 0.0 pips$1.80–3.00/lot
Zero.MT5$100From 0.0 pips$1.80–3.00/lot
Invest.MT5$1Real shares$0.02/share

Regulation

  • Admirals AS — EFSA 4.1-1/46 (Estonia)
  • Admirals UK Ltd — FCA 595450
  • Admirals Cyprus Ltd — CySEC 201/13
  • Admirals AU Pty Ltd — ASIC 410681
  • Admirals SC Ltd — FSA Seychelles SD073
  • Admirals JO Ltd — JSC Jordan (Levantine MENA)

Bottom line

Admirals scores 4.4/5. Strong all-rounder, particularly for MENA and Eastern European traders, with the Supreme Edition plugin being a genuinely unique selling point for MT4 users.

Admirals — Frequently Asked Questions

Is Admirals regulated and safe?

Admirals is regulated by CySEC, FCA, ASIC, JSC Jordan, EFSA Estonia, FSA South Africa. Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.

What is the minimum deposit at Admirals?

The minimum deposit at Admirals is $1. Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.

What are the typical spreads at Admirals?

Spreads at Admirals start from 0.0 pips (Zero account). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.

What trading platforms does Admirals offer?

Admirals supports: MT4, MT5, MT WebTrader, Admirals Mobile. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.

What is the maximum leverage at Admirals?

Maximum leverage at Admirals: Up to 1:30 (EU retail) / 1:1000 (offshore). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.

Who is Admirals best suited for?

MetaTrader users wanting tight Zero-account spreads from a multi-regulated mid-tier broker, especially in MENA + Eastern Europe.