Written by ForexBrokers.com
In this head to head comparison of Admirals vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Admirals and FP Markets are two well-known online brokers, each with their own strengths in terms of trust and regulatory compliance. Admirals, established in 2001, holds a strong position with a Trust Score of 93 out of 99 from ForexBrokers.com, indicating it is highly trusted. This trust is reinforced by its ownership of four Tier-1 licenses and three Tier-2 licenses. On the other hand, FP Markets, founded in 2005, has a Trust Score of 89, earning it a trusted status. It holds two Tier-1 licenses and one Tier-2 license, which assures clients of its reliability, although slightly less than Admirals.
Neither Admirals nor FP Markets is publicly traded or operates as a bank, which could be important considerations for potential clients looking at ownership and stability factors. While both brokers uphold strong compliance with international standards, Admirals edges ahead with a higher number of top-tier regulatory licenses and a higher trust score, appealing to those prioritizing regulatory oversight in their trading journey.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Year Founded | 2001 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to choosing a broker for trading, comparing commissions and fees is crucial. Admirals offers competitive pricing with typical spreads of 0.8 pips on its Trade account, which aligns well with its Zero account offering. Admirals earns a solid 4.5-star rating for commissions and fees and ranks 17th out of 62 brokers in this category according to ForexBrokers.com.
On the other hand, FP Markets stands out with its competitive cost structure, particularly through its MetaTrader and cTrader platforms. It's recognized as one of the most cost-effective brokers globally for its commission-based ECN account. FP Markets has been awarded Best in Class for Commissions and Fees in the 2024 Annual Awards, boasting a 5-star rating. It ranks 6th among 62 brokers by ForexBrokers.com. The broker's Raw ECN account offers appealing spreads, averaging 0.1 pips, which amount to about 0.8 pips when commissions are included, whereas its Standard account has slightly higher average spreads of 1.1 pips for EUR/USD.
FP Markets also provides diverse account choices on its Iress platform with the Iress ViewPoint and Iress Investor options catering to various trader needs. The ViewPoint account targets active traders with its higher deposit requirements, while the Investor account offers a lower-cost entry point but with reduced features. These varying account types give traders the flexibility to choose a pricing plan that suits their trading style and balance level. Comparing these brokers, FP Markets offers a more extensive range of options, making it a preferred choice for those seeking cost efficiency and flexibility in their trading activities.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $100 | $100 AUD |
| Average Spread EUR/USD - Standard | 0.8 | 1.2 |
| All-in Cost EUR/USD - Active | 0.8 | 0.7 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Admirals and FP Markets both cater to forex traders by offering the ability to trade forex as CFDs or spot contracts. Admirals provides a total of 8,702 symbols for trading, while FP Markets surpasses that number with 10,000 available symbols. For those primarily interested in forex trading, Admirals has the edge with 82 forex pairs, compared to FP Markets' 71 pairs. Both brokers support cryptocurrency derivatives, allowing traders to engage in crypto markets indirectly. However, neither offers the trading of actual, delivered cryptocurrencies.
When it comes to exchange-traded securities, Admirals provides access to a broader range of opportunities. Admirals allows clients to trade securities on U.S. exchanges like Apple shares, and also offers international securities such as Vodafone shares. In contrast, FP Markets does not provide direct access to these exchanges. Both platforms offer copy trading, which amasses great utility for novice and seasoned traders alike. Admirals and FP Markets are on par in terms of their Range of Investments rating, both earning a score of 4.5 stars. Despite FP Markets' higher number of tradeable symbols, it ranks slightly ahead of Admirals at #18 compared to #19 in ForexBrokers.com's range of investments category.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 10000 |
| Forex Pairs (Total) | 82 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Both Admirals and FP Markets provide an array of trading platforms and tools designed to accommodate beginners and seasoned traders. Admirals and FP Markets each offer free virtual demo accounts, allowing traders to practice without financial risk. These brokers also have proprietary platforms developed in-house, alongside the popular MetaTrader 4 and MetaTrader 5 platforms, which are accessible via Windows-based desktop and web-based interfaces. Features like copy trading are available with both brokers, although neither supports DupliTrade or ZuluTrade. Admirals stands out slightly with a larger number of drawing tools for charting at 106 compared to FP Markets' 17, yet both offer seamless trading directly from stock charts and watch lists with seven fields.
Both Admirals and FP Markets share a four-star rating for their trading platforms and tools, indicating a similar level of user satisfaction. When it comes to rankings by ForexBrokers.com among 62 brokers, Admirals edges out FP Markets, coming in 20th compared to FP Markets' 23rd position. Overall, traders can expect a comprehensive and accessible trading experience with either broker, backed by well-regarded platforms and essential tools to execute informed trading strategies.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 106 | 17 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Admirals and FP Markets both offer convenient mobile trading solutions for iPhone and Android users. Both brokers provide essential features like price alerts, multiple time frame views, and the ability to draw trendlines on charts. While users of both platforms can create watchlists with real-time quotes, it’s important to note that neither offers watchlist symbol syncing with their online accounts, meaning changes made on the mobile app don't sync automatically with the web-based platform. In terms of charting, Admirals provides 30 technical studies compared to FP Markets, which uses MetaTrader's default offerings. Admirals also ensures that any drawings made on charts are auto-saved for later reference, a feature similarly supported by FP Markets.
From a ratings and ranking perspective, both Admirals and FP Markets score 4 out of 5 stars for their mobile trading apps. However, FP Markets holds an edge in ranking, positioning themselves at #18 out of 62 brokers as per ForexBrokers.com, while Admirals is ranked at #28. This difference indicates a slight preference towards FP Markets, possibly due to its alignment with the MetaTrader platform, which is renowned for its trading features and usability.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Admirals and FP Markets provide substantial support for traders seeking market research. Each offers daily market commentary and delivers forex news from esteemed outlets like Bloomberg and Reuters. While both brokers supply technical analysis tools from Trading Central, only FP Markets offers additional resources from Autochartist. Admirals stands out with access to sentiment-based trading tools and insights from TipRanks, which FP Markets does not provide. Additionally, Admirals gives users tools from Acuity Trading, including Signal Centre, providing a more layered research experience.
In terms of research recognition, both brokers receive a commendable 4-star rating. However, Admirals holds a higher position by ForexBrokers.com, ranking 15th out of 62 brokers, while FP Markets ranks 25th. This indicates that Admirals' range and depth of research tools provide a slightly more advanced offering, particularly for traders who value comprehensive research options. Both platforms include an economic calendar, allowing traders to keep track of global news events. Overall, while both brokerages offer valuable research tools, Admirals edges ahead in certain areas to enhance a trader’s market analysis experience.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Admirals and FP Markets both offer a range of educational resources for those new to trading, with a solid collection of over ten educational pieces focused on forex and CFDs. They each host regular monthly webinars to provide further learning opportunities and maintain an accessible archive of past sessions, ensuring that clients can revisit lessons at any time. Additionally, beginners can benefit from a series of educational videos tailored to novice traders, along with more advanced content for experienced investors looking to further hone their skills. Admirals and FP Markets both also feature an investor dictionary with extensive definitions, making complex investing terms more understandable.
When evaluated for their educational offerings, both Admirals and FP Markets have received a rating of four out of five stars. However, in a ranking by ForexBrokers.com, Admirals stands slightly ahead, positioned at #12 out of 62 brokers in the Education category, while FP Markets comes in at #23. This indicates that while both brokers provide substantial educational content, Admirals has a slight edge in terms of its overall educational ranking in the trading community.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Admirals is better than FP Markets. Admirals finished with an overall rank of #18, while FP Markets finished with an overall rank of #19.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
|
FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 89 |
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Both Admirals and FP Markets provide options for trading cryptocurrency derivatives, without offering the ability to purchase actual delivered cryptocurrency.
When comparing online brokers, Admirals stands out by offering a wider range of deposit and withdrawal options such as ACH, SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, while FP Markets, although offering PayPal, Skrill, Visa/Mastercard, and bank wires, does not support ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Admirals | FP Markets | |
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| Trust Score | 93 | 89 | |
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| Review | Admirals Review | FP Markets Review |
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| Regulation | Admirals | FP Markets | |
|---|---|---|---|
| Trust Score | 93 | 89 | |
| Year Founded | 2001 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Admirals | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Admirals | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 10000 | |
| Forex Pairs (Total) | 82 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Admirals | FP Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.7 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Admirals | FP Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Admirals | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 106 | 17 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Admirals | FP Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | FP Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Admirals | FP Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Admirals Review | FP Markets Review |
| Overall | Admirals | FP Markets | |
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| Trust Score | 93 | 89 | |
| Winner | check_circle | ||
| Review | Admirals Review | FP Markets Review |
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