Look a broker up before you trust it

Ten quick answers

Does Admirals hold a licence?
It does. Admirals is supervised by FCA, ASIC, CySEC, EFSA Estonia, and its licence number is FRN 595450. You can look that number up on the regulator's own public register.
How much do I need to open a Admirals account?
Admirals asks for a first deposit of at least $1. Certain account types may require more, so confirm the current amounts on the broker's official website.
Can I trust Admirals with my money?
Admirals has been trading since 2001 and is regulated by FCA, ASIC, CySEC, EFSA Estonia. Before you deposit, check on the regulator's public register that the licence is still valid, and put in only money you can afford to risk on leveraged products.
Can US residents open an account with Admirals?
No. Because of US regulatory requirements (CFTC/NFA), Admirals is not taking clients who live in the United States at present.
How much leverage does Admirals offer?
The highest leverage at Admirals is 30:1 retail / 500:1 pro. The limit for retail clients depends on where the account is regulated: under tier-1 regulators (FCA, ASIC, CySEC) it is lower than under offshore regulation.
Can I use MetaTrader 4 or MT5 with Admirals?
Yes. MetaTrader 4 and/or MetaTrader 5 are available at Admirals next to its other platforms.
Which trading platforms can I use at Admirals?
At Admirals you trade through MT4, MT5, MT WebTrader. Where applicable, each of these comes in a desktop and a mobile version.
How quickly does Admirals pay out withdrawals?
How long a Admirals withdrawal takes depends on how you are paid: cards are usually handled the same day, e-wallets within 24 hours and bank wires in 1–5 business days. Your KYC verification has to be finished before any withdrawal.
Will Admirals charge me for withdrawing?
As a rule, Admirals makes no charge when you withdraw to the method you deposited with. A payment processor or bank may still add a fee of its own, which the broker does not control. The broker's payment terms give the current details.
Does Admirals have a demo account?
Yes. Admirals provides a demo account at no cost. It is loaded with virtual funds, so you can try the platform, practise your strategies and look around the available markets before you risk real money.