Admirals vs FP Markets (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

Admirals

Trust rank #13 · Founded 2001

Admirals is a well-regarded forex and CFD broker offering broad market access, user-friendly platforms, and integrated research and education. It provides a range of account options and risk management tools under established…

Read the Admirals review

FP Markets

Trust rank #23 · Editorial rating 9 / 10 · Founded 2005

FP Markets is a well-regarded forex broker providing access to currencies and CFDs on popular platforms, supported by research tools and education. It offers broad market coverage, platform choice, and multilingual customer…

Read the FP Markets review

Admirals (Estonia, founded 2001) holds 5 regulatory licences (ASIC, CySEC, FCA, FSCA, JSC), 2 of them tier-1, offers MT4, MT5 and sits in our low-fee bracket. FP Markets (Australia, founded 2005) holds 4 regulatory licences (ASIC, CMA, CySEC, FSCA), 1 of them tier-1, offers cTrader, MT4, MT5 and sits in our low-fee bracket. The two overlap in 222 countries; Admirals is available in 6 countries where FP Markets is not, and FP Markets in 3 where Admirals is not.

Verdict at a glance

  • Admirals leads on trust rank, track record, regulatory coverage, country coverage and tier-1 licences.
  • FP Markets leads on platform choice.
  • Level on instrument range and fee level.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

Admirals vs FP Markets: side-by-side data

CriteriaAdmiralsFP Markets
Editorial ratingNot verified9 / 10
Trust rank#13#23
Founded20012005
HeadquartersEstoniaAustralia
RegulatorsASIC, CySEC, FCA, FSCA, JSCASIC, CMA, CySEC, FSCA
Broker typeMarket Maker, STPDMA, ECN, STP
PlatformsMT4, MT5cTrader, MT4, MT5
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted228 countries225 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesProfessional Trading, Retail TradingCopy Trading, Professional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

Admirals

  • FCA, ASIC, CySEC regulation
  • MT4/MT5 with MetaTrader Supreme Edition
  • Zero Accounts with raw spreads and low commissions
  • Wide multi-asset range (FX, indices, commodities, stocks, ETFs, crypto CFDs)
  • Volatility Protection and negative balance protection

FP Markets

  • ASIC & CySEC regulated
  • Raw ECN spreads from 0.0 pips
  • Fast execution and deep liquidity
  • MT4/MT5 platforms with EAs, hedging & scalping
  • Low commissions on RAW account

Cons

Admirals

  • Charges inactivity fee
  • Limited free withdrawals
  • No cTrader platform support
  • Leverage capped at 1:30 for EU/UK retail
  • Not available to U.S. residents

FP Markets

  • No negative balance protection across all entities
  • No investor compensation scheme (ASIC clients)
  • IRESS platform and market data fees
  • Withdrawal fees on international bank wires/selected methods
  • Not available to US residents

Key features

Admirals

  • Forex and CFD trading on MetaTrader 4 and MetaTrader 5
  • Invest MT5 real stocks and ETFs
  • Multi jurisdiction regulation and segregated client funds
  • Negative balance protection and volatility protection
  • Zero account raw spreads with market execution
  • MetaTrader Supreme Edition and premium analytics

FP Markets

  • Multi asset Forex and CFD trading on MT4 MT5 cTrader and Iress
  • ECN raw spreads deep liquidity and low latency execution
  • ASIC and CySEC regulated with segregated client funds
  • Advanced trading tools Autochartist VPS and copy trading
  • MAM PAMM accounts for portfolio management
  • Direct market access share CFDs via Iress

Country availability: Admirals vs FP Markets

Available at both (222): Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands and 182 more.

Only Admirals (6): Afghanistan, Iraq, Liberia, Libya, Somalia, Yemen.

Only FP Markets (3): Belgium, Canada, Japan.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

Admirals vs FP Markets: common questions

Which broker is more regulated, Admirals or FP Markets?

Admirals holds more regulatory licences: Admirals (ASIC, CySEC, FCA, FSCA, JSC) versus FP Markets (ASIC, CMA, CySEC, FSCA). Tier-1 licences: Admirals 2, FP Markets 1.

Which trading platforms do Admirals and FP Markets offer?

Admirals offers MT4, MT5; FP Markets offers cTrader, MT4, MT5.

Which has lower fees, Admirals or FP Markets?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, Admirals or FP Markets?

Admirals is the older of the two, founded in 2001; FP Markets was founded in 2005.

Are Admirals and FP Markets available in the same countries?

They overlap in 222 countries. Admirals is additionally available in 6 countries (Afghanistan, Iraq, Liberia, Libya, Somalia, Yemen) and FP Markets in 3 countries (Belgium, Canada, Japan).

Keep comparing

Admirals

FP Markets

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.