Is Admirals safe?
Admirals is regulated by CySEC (201/13) and 2 more authorities, keeps client funds in segregated accounts, and clients are covered by ICF (€20,000).
Operating: 3 of 7 register entries hold a live authorisation as of 2026-09-17; the rest no longer take new clients.
Verdict based on verified regulatory data below. We are not affiliated with regulators.
Legal entities behind Admirals
Each row is one register card, read on the date shown. A brand can span several licences with different statuses — the one you contract with decides your protection.
| Entity | Regulator | Reference | Status | Verified |
|---|---|---|---|---|
| Admiral Markets AS / Jordan | JSC · Jordan | Open register card | AuthorisedRegister wording: ادميرال ماركتس ايه اس /الأردن · وسيط مالي لحساب الغير، الوسيط لحسابهJSC publishes the firms licensed to deal on foreign exchanges as a list in Arabic. It names the company with two licences, broker for the account of others and broker for its own account, and prints no licence number; the link opens that list. | 2026-09-17 |
| Admirals Europe Ltd | CySEC · Cyprus | 201/13 | AuthorisedRegister wording: Investment Firms (Cypriot) · licence 201/13 of 14/06/2013 | 2026-09-17 |
| Admiral Markets UK Ltd | FCA · United Kingdom | FRN 595450 | AuthorisedRegister wording: Authorised · since 12/06/2013 | 2026-09-17 |
| Admiral Markets Cyprus Ltd | FCA · United Kingdom | FRN 616560 | No longer authorisedRegister wording: Cancelled · since 31/12/2020 | 2026-09-17 |
| Admiral Markets AS | FCA · United Kingdom | FRN 504672 | No longer authorisedRegister wording: Cancelled · since 27/06/2013 | 2026-09-17 |
| Admiral Markets AS | EFSA · Estonia | Open register card | No longer authorisedRegister wording: Listed only among closed Licenced investment firms in EstoniaFinantsinspektsioon's list of closed investment firms names the company but prints no licence number, and its card page shows no details. | 2026-09-17 |
| Admirals AU Pty Ltd | ASIC · Australia | AFSL 410681 | Licence holder renamed — no longer under this brand's nameRegister wording: CURRENT under the name PU PRIME TRADING PTY LTD · name ADMIRALS AU PTY LTD 28/09/2022 – 23/01/2025The licence itself is still current, but ASIC's name history shows its holder stopped being Admirals AU Pty Ltd on 2025-01-23 and is now PU Prime Trading Pty Ltd. ASIC lists no other Australian licence under an Admiral name. | 2026-09-17 |
Register records for all brokers (CSV, JSON) · Register change log
Why this broker scores 83/100
Full methodology →⚠ 1 axis accounts for 7 of 17 lost points
How safe is your money
Segregated client accounts
Client funds held separately from operating capital. Required by regulator.
Investor compensation: ICF (€20,000)
If broker becomes insolvent, your covered assets are reimbursed up to the scheme's limit.
Not a publicly traded company
Private — financials are not disclosed publicly.
25 years of operations
Founded 2001. No major regulatory actions on record.
Negative balance protection
You cannot lose more than your account balance.
CFD/crypto exposure
Offers high-leverage products. 74–89% of retail CFD accounts lose money in the long run.
Independent reviews
What could go wrong
- Fragmented account structure: Invest.MT5 (shares) and Trade.MT5 (CFD) are separate accountsYou can't see your real-share portfolio and CFD positions in one view. Different account-funding flows, different statements, different margin calculations. Beginners find this confusing.
- MT5 platform learning curve — proprietary UI is datedMT5 was designed for FX/CFD traders in the late 2000s. The interface (chart navigation, order ticket, market depth) feels alien to anyone coming from a web-first broker; the Admirals web platform is the softer option.
- Inactivity fee €10/mo after 24 months of no activityBetter than EXANTE (€50/mo, but only after 90 days of dormancy) but worse than IBKR (no inactivity fee) and stricter than XTB (€10/mo only after a year without a trade and 90 days without a deposit). For long-term buy-and-hold accumulators this is a slow drain — set a reminder.
- Google Play mobile rating 3.5 — well below industry norm (4.5+)User reviews flag MT5 app quirks (delayed quotes, occasional login loops). iOS rating 4.8 but on tiny sample (12 reviews). Suggests mobile UX is uneven.
- Demo account closes after 30 daysAdmirals demo accounts are created with a fixed 30-day life and are then closed automatically; the broker's way to lift the limit is to open a live account. XTB's demo, by contrast, has no expiry date.
Frequently asked questions
Is Admirals regulated?
Is Admirals legit or a scam?
Is Admirals still operating, or closing down?
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What happens if Admirals goes bankrupt?
How we verified this review
Every fact below is verified against primary sources. We refresh on a schedule and on reader feedback.