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Admirals Review 2024

Written by
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

April 25, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Admirals is highly recommended for traders looking to engage in forex and CFD trading. Our extensive evaluation has highlighted its excellent trading conditions, robust platform offerings, and comprehensive educational resources.

Overall Rating

8.5 / 10

Minimum Deposit


Trust Score info

Highly Trusted

Pros and Cons

thumb_up_off_alt Pros

  • Extensive Forex Options: Admirals provides a broad selection of 82 forex pairs, catering to traders seeking extensive currency trading options.
  • Advanced Educational Resources: The broker excels in offering both advanced and beginner education videos, making it an ideal choice for ongoing trader education.
  • Strong Regulatory Framework: Fully regulated by key authorities including ASIC, MiFID, and the FCA, Admirals is recognized for its high compliance and safety standards.

thumb_down_off_alt Cons

  • Charges an Inactivity Fee: The imposition of an inactivity fee could deter less active traders.
  • Mobile App: While it continues to improve, the Admirals App lags behind other competitors in the mobile app category.

Ratings Summary

  • Investment Types - 9.0/10
  • Commissions & Fees - 8.5/10
  • Trading platforms - 8.0/10
  • Research - 8.0/10
  • Mobile Apps - 7.5/10
  • Education - 8.5/10
  • Overall - 8.5/10

Can I trust Admirals?

Admirals is highly trusted within the forex industry, holding authorizations from Australia's ASIC, the UK's FCA, and adhering to MiFID regulations. As per, with a trust score of 93, Admirals stands as a highly trusted entity, reinforcing its credibility and reliability in the financial trading market.

Admirals is currently licensed and/or authorised by the following regulatory bodies:

Is Admirals good for beginners?

Admirals is highly recommended for beginners due to its comprehensive educational offerings that include videos and courses tailored for newcomers. This focus on education greatly enhances the learning journey for beginner traders.

Feature Admirals logoAdmirals
Education (Forex or CFDs) info Yes
Client Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes
Investor Dictionary (Glossary) info Yes

Admirals commissions and fees summary

Admirals offers a competitive fee structure with reasonable spreads and benefits for active traders, but includes an inactivity fee.

Feature Admirals logoAdmirals
Minimum Deposit info $100
Average Spread EUR/USD - Mini info 0.8 info
Average Spread EUR/USD - Standard info 0.8 info
All-in Cost EUR/USD - Active info 0.8 info
Active Trader or VIP Discounts info Yes

Admirals trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

Admirals offers an excellent selection of trading platforms and tools including MetaTrader 4 and MetaTrader 5, known for their reliability and advanced features.

Trading platforms offered: Both MetaTrader 4 and MetaTrader 5 are available, catering to a range of trading preferences.

Trading tools: A comprehensive suite of trading tools is available through these platforms.

Copy trading: Admirals offers copy trading services, allowing traders to replicate the positions of experienced traders seamlessly.

Feature Admirals logoAdmirals
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info Yes
DupliTrade info No

Mobile trading apps at Admirals

The mobile trading apps from Admirals are advanced and offer full functionality for trading on the go.

Feature Admirals logoAdmirals
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Watchlist info Yes

How do I open an account with Admirals?

  1. Visit the Admirals website.
  2. Select the 'Open an Account' option.
  3. Complete the registration form with your personal details.
  4. Provide necessary documentation for identity and residence verification.
  5. Fund your account and begin trading.

What can I trade at Admirals?

Admirals offers a highly diverse range of trading options, including 82 forex pairs and a total of 8,702 tradeable symbols, making it an excellent choice for traders seeking variety and depth in their trading portfolios.

Feature Admirals logoAdmirals
Tradeable Symbols (Total) info 8702
Forex Pairs (Total) info 82
Social Trading / Copy Trading info Yes
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Spread Betting info Yes

Account funding at Admirals

Admirals supports a broad range of funding methods, including bank wires, credit cards, and popular eWallets like PayPal, Neteller, and Skrill.

Feature Admirals logoAdmirals
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Neteller (Deposit/Withdraw) info Yes

About Admirals

Admirals was established in 2001 and is headquartered in Cyprus. It is highly respected and widely recognized in the industry for its reliability and comprehensive offerings.

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At, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for and Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for and He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at and Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.