EstoniaSummary
Admirals (formerly Admiral Markets), founded in Estonia in 2001, is one of Europe's oldest MetaTrader brokers. It is regulated by CySEC, the FCA, ASIC and the Estonian regulator, with commission-free (Trade) or raw-spread (Zero) accounts.
A solid European MetaTrader broker for those who want to stay on MT4 or MT5.
Accounts and fees
Two account families: Trade (no commission, cost in the spread) and Zero (spread from 0.0 pip on forex, metals, energy and indices, plus a $1.80 to $3.00 per lot commission depending on volume). Deposit of €100 or equivalent. An inactivity fee applies after 24 months without activity.
Platforms and markets
MetaTrader 4 and MetaTrader 5, with demo accounts. The range covers forex, indices, metals, energy, plus shares and ETFs as CFDs or real securities.
Trading conditions
| Regulation | CySEC, FCA, ASIC, EFSA (Estonie) selon l'entité du client |
|---|---|
| Minimum deposit | €100 or equivalent on MetaTrader accounts |
| Cost | Zero accounts: spread from 0.0 pip on forex, metals, energy and indices; Trade accounts commission-free |
| Commission | Forex and metals: $1.80 to $3.00 per lot depending on monthly volume (Zero); inactivity fee after 24 months without activity |
| Platforms | MT4, MT5 |
| Markets | Forex, indices, metals, energy, shares and ETFs (CFDs and real) |
| Leverage / margin | 1:30 on major pairs (EU, UK, Australian retail clients); higher through non-EU entities |
Data checked in October 2026 on the broker's official website and specialist reviews. Fees and conditions can change: check them before opening an account.
Strengths and weaknesses
Strengths
- Over 20 years in business
- European (CySEC, EFSA) and FCA regulation
- Zero account from 0.0 pip
- Real shares and ETFs on top of CFDs
Weaknesses
- No cTrader or TradingView
- Volume-based commission to check on the Zero account
Who is it for?
A good fit if you…
- MetaTrader traders
- Want a European regulator
- Active traders (Zero account)
Avoid if you…
- Want cTrader or TradingView order routing
Score breakdown
Five criteria rated out of 10: real fees (spread and commission), strength of regulation, platforms, choice of markets and overall experience (track record, account opening, tools).
FAQ Admirals
Is Admirals reliable?
Yes: the broker has existed since 2001 and is regulated by CySEC, the FCA, ASIC and the Estonian regulator.
What is the Zero account commission?
$1.80 to $3.00 per lot on forex and metals depending on your monthly volume, with spreads from 0.0 pip.
What is the minimum deposit at Admirals?
The minimum deposit at Admirals is €100.
How much does trading cost at Admirals?
At Admirals, expect Zero.MT5: from 0.0 pip + commission.
Is Admirals regulated?
Yes: Admirals is regulated by CySEC, FCA, ASIC, EFSA.
What is Admirals's YourFunding score?
Admirals scores 8.6/10, #10 out of 18 brokers reviewed.
CFDs and futures are leveraged products: most retail accounts lose money. Only trade money you can afford to lose.
