What happens when Admirals margin-calls you
Leverage is not what ruins an account — the forced sale at the bottom is. This page records what Admirals is contractually allowed to do to your positions, taken from the document Admirals Europe Ltd (Cyprus, CySEC 201/13) publishes, not from marketing copy.
Who and what this policy covers
Applies to Admirals Europe Ltd, formerly Admiral Markets Cyprus Ltd — licence 201/13 from the Cyprus Securities and Exchange Commission, incorporation number HE 310328. Both identifiers appear, matching, in the two primary documents used here: the CySEC Terms and Conditions valid from 19.11.2024 and the Leverage Policy. Negative balance protection is scoped to retail clients; the policy excludes professional clients and eligible counterparties on the basis that they have the necessary knowledge and experience.
“The margin close-out protection will be triggered when the sum of funds in the CFD trading account and the unrealized net profits of all open CFDs connected to that account falls to less than half (i.e., 50%) of the total initial margin protection for all those open CFDs.”
Does Admirals warn you before closing your positions?
Partly. Admirals Europe Ltd (Cyprus, CySEC 201/13) closes retail positions automatically at the regulated threshold; the close-out is a rule, not a discretionary call from a dealer.
At what level does Admirals start closing positions?
At 50% of the required margin — and that is not Admirals Europe Ltd (Cyprus, CySEC 201/13)'s choice. It is the level regulators mandate for retail accounts, so every EU-regulated broker uses the same number. It is not a point of difference between brokers.
Can you lose more than you deposited with Admirals?
Not as a retail client of Admirals Europe Ltd (Cyprus, CySEC 201/13) — negative balance protection caps your loss at the account balance. That protection is tied to retail classification: if you ask to be reclassified as a professional client, it goes away.
Verified 2026-08-31 · Source document
Frequently asked questions
Does Admirals warn you before closing your positions?
At what level does Admirals start closing positions?
Can you lose more than you deposited with Admirals?
How we verified this review
Every fact below is verified against primary sources. We refresh on a schedule and on reader feedback.