Admirals vs FP Markets (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
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…
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…
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.
Copy 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.
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).
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.