Admirals vs Interactive Brokers (2026): regulation, platforms and costs compared

Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.

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

Interactive Brokers

Trust rank #2 · Editorial rating 10 / 10 · Founded 1977

Interactive Brokers is a well-regarded forex broker providing broad access to currency pairs, advanced trading platforms, and research and risk management tools. It supports multi-asset trading and a wide range of order…

Read the Interactive Brokers 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. Interactive Brokers (United States, founded 1977) holds 15 regulatory licences (ASIC, CBI, CFTC, CIRO, CSSF…), 10 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 214 countries; Admirals is available in 14 countries where Interactive Brokers is not, and Interactive Brokers in 4 where Admirals is not.

Verdict at a glance

  • Admirals leads on platform choice and country coverage.
  • Interactive Brokers leads on trust rank, track record, regulatory coverage and tier-1 licences.
  • 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 Interactive Brokers: side-by-side data

CriteriaAdmiralsInteractive Brokers
Editorial ratingNot verified10 / 10
Trust rank#13#2
Founded20011977
HeadquartersEstoniaUnited States
RegulatorsASIC, CySEC, FCA, FSCA, JSCASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC
Broker typeMarket Maker, STPDMA
PlatformsMT4, MT5Proprietary
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted228 countries218 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesProfessional Trading, Retail TradingProfessional 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

Interactive Brokers

  • Transparent commission-based FX pricing with tight spreads
  • Aggregated multi-bank liquidity (IDEALPRO)
  • Professional platforms (TWS) and institutional APIs (FIX/REST)
  • Advanced risk management with real-time margin analytics
  • Universal multi-asset account for FX hedging and settlement

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

Interactive Brokers

  • No MT4/MT5 support
  • Steep learning curve
  • Commission-based FX pricing
  • 25k IDEALPRO minimum order size
  • Limited funding methods

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

Interactive Brokers

  • Agency model with direct market access to multiple liquidity providers
  • Spot forex and forex CFDs across major and minor pairs
  • Trader Workstation FXTrader with advanced order types and depth of market
  • Smart order routing and transparent interbank pricing with commissions
  • FIX and REST API support for algorithmic forex trading
  • Two factor authentication IB Key and top tier global regulation

Country availability: Admirals vs Interactive Brokers

Available at both (214): 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, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros and 174 more.

Only Admirals (14): Afghanistan, Burundi, Central African Republic, Congo, Iraq, Libya, Nauru, Nigeria, Sierra Leone, Somalia, South Sudan, Venezuela, Yemen, Zimbabwe.

Only Interactive Brokers (4): Belgium, Canada, Japan, United States of America.

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

Admirals vs Interactive Brokers: common questions

Which broker is more regulated, Admirals or Interactive Brokers?

Interactive Brokers holds more regulatory licences: Admirals (ASIC, CySEC, FCA, FSCA, JSC) versus Interactive Brokers (ASIC, CBI, CFTC, CIRO, CSSF, DFSA, FCA, FINRA, JFSA, MAS, MNB, NFA, SEBI, SEC, SFC). Tier-1 licences: Admirals 2, Interactive Brokers 10.

Which trading platforms do Admirals and Interactive Brokers offer?

Admirals offers MT4, MT5; Interactive Brokers offers Proprietary.

Which has lower fees, Admirals or Interactive Brokers?

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 Interactive Brokers?

Interactive Brokers is the older of the two, founded in 1977; Admirals was founded in 2001.

Are Admirals and Interactive Brokers available in the same countries?

They overlap in 214 countries. Admirals is additionally available in 14 countries (Afghanistan, Burundi, Central African Republic, Congo, Iraq, Libya and 8 more) and Interactive Brokers in 4 countries (Belgium, Canada, Japan, United States of America).

Keep comparing

Admirals

Interactive Brokers

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.