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Admirals: European trading and investing accounts, costs and company structure

A practical European reference to Trade, Zero and Invest accounts, volume-based commissions, research tools, funding, insolvency cover and the group’s 2025 results and 2026 Estonian restructuring.

By Editorial deskOperating status: ActiveSources checked Published Updated
Profile scope

Account terms concern Admirals Europe Ltd. Group financial figures, the Cyprus operating company and the former Estonian client broker are kept in separate rows and sections.

  • Trade and Zero are CFD accounts; Invest.MT5 provides securities investing.
  • European MetaTrader accounts, research tools and cash-transfer charges have different eligibility and pricing rules.
  • The Estonian company relinquished its investment-firm licence in 2026; Admirals Europe continues the European account service.

Admirals offers CFDs and securities investing through Admirals Europe Ltd. Trade.MT5 supplies broad CFD coverage, Zero.MT5 focuses on spread-plus-commission trading, and Invest.MT5 provides shares and ETFs.[6]

Pricing & charges01

US share commission: the minimum changes the small-order economics

US share commission: the minimum changes the small-order economics
Assumed order size, bought and later sold unchangedOpening commissionClosing commissionTotal commission
50 shares at USD 100 eachmax(50 × USD 0.02, USD 1) = USD 1USD 1USD 2Source 11
250 shares at USD 100 each250 × USD 0.02 = USD 5USD 5USD 10Source 11

The business began as Admiral Markets in 2001 and launched the Admirals brand in March 2021.[2][1]

Broker essentials02

European service at a glance

European service at a glance
MeasureValueContext
Account companyAdmirals Europe Ltd, formerly Admiral Markets Cyprus Ltd; Limassol, Cyprus.Source 3
Company identifiersHE310328; CySEC register lists licence 201/13, granted 14 June 2013.Source 5
Retail CFD leverageUp to 30:1; Invest.MT5 securities use 1:1 exposure.Source 8
European accessNew-client onboarding restarted in March 2025 after the 2024 pause.Source 20

Account choice and numerical pricing

Sections ↑
Account comparison03

Principal EU MT5 accounts

Principal EU MT5 accounts
AccountStarting depositCurrency choicesProduct scope
Trade.MT5EUR 100 or published local-currency minimumEUR, USD, CHF, HUF, PLN, RON80 FX pairs and stock, index, commodity and crypto CFDs; MT5 overview advertises 2,500+ total.Source 8Source 7
Zero.MT5EUR 100 or published local-currency minimumEUR, USD, CHF, HUF, PLN, RON90+ CFDs across FX, metals, cash indices and energies.Source 8Source 7Source 6
Invest.MT5EUR 1 / USD 1 / RON5EUR, USD, RON in account comparison; MT5 overview omits EUR.4,000+ shares and ETFs; securities investing.Source 7Source 8

Trade.MT4 and Zero.MT4 remain listed for clients using the older MetaTrader environment. MT5 supports both the trading and investing routes, but the account determines whether an instrument is a leveraged contract or a security. The quoted deposit activates the account; opening a particular trade also requires its applicable margin or purchase value.[7]

Pricing & charges04

European trading-price examples

European trading-price examples
Account / assetPublished spread / feeCharge basis
Trade.MT4 / Trade.MT5 FXSpreads from 0.5 pips; no separate FX commission.Variable spreads; minimum is not a typical realised spread.Source 11
Zero FX / metals; monthly volume up to USD 10mUSD 3 or EUR 2.60 per lot per side.USD 6 / EUR 5.20 round turn; FX standard lot = 100,000 base-currency units.Source 10
Zero FX / metals; USD 10m–50m / above USD 50mUSD 2.40 / USD 1.80 per lot per side.EUR equivalents: EUR 2.10 / EUR 1.60; monthly notional-volume tiers.Source 10
US stocks / ETFs and corresponding CFDsUSD 0.02 per share; minimum USD 1.Each transaction side, on the applicable Invest or Trade account.Source 11
German / French shares and ETFs0.10% of trade value; minimum EUR 1.Per purchase or sale; applicable taxes are additional.Source 11
UK shares and ETFs0.10%; minimum GBP 1.Per purchase or sale; this is a trading commission, not an all-in tax quote.Source 11

Platforms, research and account costs

Sections ↑
Platforms & products05

Functions available around the account

Functions available around the account
SoftwareUseful functionsAccess condition
MT521 chart timeframes, depth of market, MQL5 automation and multi-threaded strategy testing.CFD accounts use hedging; investing uses netting.Source 8
Admirals Platform / mobile appBrowser or mobile order entry, with TradingView charts in the browser platform.European Trade.MT5 CFD accounts; separate from a direct TradingView broker connection.Source 6
Supreme EditionMini Terminal, Trade Terminal, trading simulator and spread recorder.Included with Admirals MT4 and MT5 accounts.Source 9
StereoTraderAdvanced order-management tools, including dynamic trailing and OCO orders.Complimentary monthly access requires EUR 4,000 live-account equity or equivalent.Source 8Source 14
Research Terminal / AnalysisIQAcuity news analytics, sentiment, economic and corporate events, and structured trade scenarios.Core research can be explored by clients; full advanced access requires eligible live equity of EUR 1,000 equivalent.Source 13
Pricing & charges06

Holding and non-trading charges

Holding and non-trading charges
ChargeEuropean termsWhen relevant
CFD financingInstrument- and direction-specific overnight swap; hedged positions can also incur it.Invest.MT5 has no overnight swap.Source 11
InactivityEUR 10 monthly after 24 months without transactions.Positive-balance accounts with no open positions.Source 12
Currency conversion0.3%, minimum 0.01 account-currency units.Different-currency stocks, ETFs and their CFDs: realised P/L, distributions and service charges.Source 12
Transfers between trading accountsSame currency free; different currencies 1%.Distinct from the securities transaction conversion charge.Source 12
Pricing & charges07

Deposits and withdrawals: EUR examples

Deposits and withdrawals: EUR examples
Route / stageBroker feeTiming / condition
DepositsBank, Visa/Mastercard, Klarna, Skrill and Brite: free.Own-name funding required; external provider fees can apply.Source 12
Monthly withdrawal allowancePayment schedule: one free request per method per month; subsequent EUR bank request EUR 1.MT5 overview instead describes one overall allowance; the pages differ.Source 12Source 11Source 8
Further card / Skrill withdrawals1%, minimum EUR 1; further Brite withdrawals 1%.The allowance and route-specific terms apply.Source 12
Processing cut-offBefore 18:00 EET: same business day.Later requests: next business day; bank arrival follows processing.Source 12

Service calendar and protection

Sections ↑
Trading & service hours08

Service hours and October 2026 exceptions

Service hours and October 2026 exceptions
Service / instrumentWindow or dateMeaning
Multilingual support24 hours a day, five days a week.Published platform-service support availability.Source 9
Bank-deposit booking09:00–18:00 EET, business days.Credited within one business day of bank receipt.Source 12
Canada60 index CFDs / corresponding futures CFDsClosed 12 October 2026.Canadian Thanksgiving exception.Source 15
HSI50 / HSCEI50 CFDs and related futures CFDsClosed 19 October 2026.Hong Kong holiday exception.Source 15
Swedish stock CFDs30 October 2026: 10:00–14:00 EET as published.A shortened session; ordinary hours depend on the individual instrument.Source 15
European dealing desk+357 22 030109Order execution only; general English-language contact is +357 22 222046.Source 16
Protections & eligibility09

European retail client protection

European retail client protection
ArrangementPublished scope
Segregation and balance protectionClient money is segregated in EU credit institutions; retail accounts receive negative-balance protection.Source 17
Investor Compensation FundEligible claims against the failed investment firm are subject to a EUR 20,000 client limit and the fund’s conditions.Source 19
Supplementary insolvency insuranceCertificate period: 1 March 2026–28 February 2027. Up to EUR 100,000 per claimant, with EUR 20,000 retention; exclusions and policy conditions apply.Source 18

Financial scale and the Estonian restructuring

Sections ↑
Results & changes10

Company figures with their reporting scope

Company figures with their reporting scope
Reporting company / periodMeasurePublished value
Admirals Group AS; FY2025 auditedNet trading income / net lossEUR 17.365m / EUR 18.472m loss; FY2024: EUR 38.409m / EUR 1.592m loss.Source 20
Admirals Group AS; FY2025Active clients / year-end equity29,455 active clients; EUR 49.700m equity at 31 December 2025.Source 20
Admirals Europe Ltd; 31 December 2025Regulatory own funds / requirementEUR 1.434m / EUR 1.297m; published total capital ratio 110.58%.Source 21
Admiral Markets AS; H1 2026 unauditedNet trading income / net lossEUR 2.167m / EUR 2.550m loss; the Estonian company, not consolidated group results.Source 22

Admiral Markets AS ended its direct client relationships in January 2026 and continued as an internal liquidity provider for the group. Its voluntary Estonian licence withdrawal became effective on 28 April 2026. Finantsinspektsioon confirmed that European investment services continue through Admirals Europe Ltd, including cross-border service into Estonia. The group attributes part of its 2025 revenue decline to the earlier EU onboarding pause and lower client activity.[22][23][20]

Company background & evidence

Sections ↑
Headquarters
Selected account company: Limassol, Cyprus; group has Estonian corporate roots.
Founded
2001 as Admiral Markets; Admirals brand launched March 2021
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Admirals Europe Ltd

CyprusSource 5Source 4

Licences and regulatory records for Admirals Europe Ltd
Issuer & identifierRecorded statusDate & scope
Cyprus Securities and Exchange Commission201/13AuthorisedChecked 9 Oct 2026Approved trade name: Admirals.Source 5Source 4
Follow the evidence

Sources & further reading

  1. Admiral Markets to Admirals: group history Admirals Group AS · Accessed 9 Oct 2026
  2. Twentieth anniversary and the Admirals rebrand Admirals Group AS · Accessed 9 Oct 2026
  3. European regulatory authorisation Admirals Europe Ltd · Accessed 9 Oct 2026
  4. Current list of approved investment-firm domains Cyprus Securities and Exchange Commission · Accessed 9 Oct 2026
  5. Cypriot investment-firm register Cyprus Securities and Exchange Commission · Accessed 9 Oct 2026
  6. European trading accounts and service overview Admirals Europe Ltd · Accessed 9 Oct 2026
  7. EU account types and balance currencies Admirals Europe Ltd · Accessed 9 Oct 2026
  8. European MetaTrader 5 account terms and tools Admirals Europe Ltd · Accessed 9 Oct 2026
  9. European platform comparison and support hours Admirals Europe Ltd · Accessed 9 Oct 2026
  10. Commission schedules and calculation basis Admirals Europe Ltd · Accessed 9 Oct 2026
  11. European fees and charges Admirals Europe Ltd · Accessed 9 Oct 2026
  12. European deposits, withdrawals and payment terms Admirals Europe Ltd · Accessed 9 Oct 2026
  13. Research Terminal and AnalysisIQ access Admirals Europe Ltd · Accessed 9 Oct 2026
  14. StereoTrader features and eligibility Admirals Europe Ltd · Accessed 9 Oct 2026
  15. Trading schedule for October 2026 Admirals Europe Ltd · 29 Sep 2026 · Accessed 9 Oct 2026
  16. European contacts and central dealing desk Admirals Europe Ltd · Accessed 9 Oct 2026
  17. Client-money segregation and balance protection Admirals Europe Ltd · Accessed 9 Oct 2026
  18. Evidence of excess-of-loss cover: 1 March 2026–28 February 2027 Admirals Europe Ltd / Lloyd’s Insurance Company S.A. · Accessed 9 Oct 2026
  19. Investor Compensation Fund Policy Admirals Europe Ltd · 29 May 2024 · Accessed 9 Oct 2026
  20. Audited Admirals Group results for 2025 Admirals Group AS via Nasdaq Baltic · 30 Apr 2026 · Accessed 9 Oct 2026
  21. Admirals Europe: 2025 prudential disclosures, April 2026 Admirals Europe Ltd · Accessed 9 Oct 2026
  22. Admiral Markets AS: first-half 2026 interim report Admiral Markets AS via Estonian regulated-information store · 28 Aug 2026 · Accessed 9 Oct 2026
  23. Withdrawal of Admiral Markets AS investment-firm licence Finantsinspektsioon · 6 May 2026 · Accessed 9 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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