Written by ForexBrokers.com
In this head to head comparison of Admirals vs FXOpen, 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, established in 2001, and FXOpen, founded in 2003, are two prominent online brokers, each with their own strengths in the regulatory landscape. Admirals holds a total of four Tier-1 licenses, which are considered highly trusted, and three Tier-2 licenses, viewed as trusted according to ForexBrokers.com. This regulatory positioning contributes to Admirals boasting a Trust Score of 93 out of 99, placing it in the highly trusted category.
FXOpen, in contrast, holds two highly trusted Tier-1 licenses but no Tier-2 licenses. With a Trust Score of 76 out of 99, FXOpen is rated as average risk by ForexBrokers.com. Neither of these brokers is publicly traded or functions as a bank. This makes Admirals a more trusted option for cautious investors seeking security, while FXOpen offers a mid-range alternative for trading enthusiasts.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Year Founded | 2001 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to comparing online brokers Admirals and FXOpen, a look at their commissions and fees can provide insight into their offerings. Admirals impresses with competitive pricing, offering typical spreads of 0.8 on its Trade account and similar pricing on its Zero account type. This pricing, combined with a smooth trading experience, earns Admirals a high rating of 4.5 out of 5 stars for commissions and fees. Admirals holds a strong position at rank #17 out of 62 brokers according to ForexBrokers.com.
In contrast, FXOpen's average spread data is not readily available for review, which makes direct comparison a bit challenging. Despite this, FXOpen has managed to earn a respectable 4 out of 5 stars for its commissions and fees. Ranked at #45 by ForexBrokers.com, FXOpen may not match Admirals in competitive edge, but still holds its ground as a serviceable option for traders mindful of fees.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Admirals and FXOpen for available investments, Admirals stands out with a far greater variety. Admirals offers 8,702 tradeable symbols, which towers over FXOpen's 87. Admirals also provides access to 82 forex pairs, considerably more than FXOpen's 25 pairs. Admirals expands investment possibilities further by enabling trading not only on forex CFDs or spot contracts but also offering clients the ability to invest directly in exchange traded securities on both U.S. and international exchanges. In contrast, FXOpen is limited to forex trading as CFDs or spot contracts without the option to buy exchange traded securities.
Both brokers support copy trading and offer cryptocurrency derivatives, but neither offers the purchase of actual cryptocurrencies. Admirals earns a 4.5-star rating for Range of Investments, ranked #19 out of 62 brokers by ForexBrokers.com, highlighting its broadened investment offerings. Meanwhile, FXOpen holds a 3-star rating, ranking much lower at #61, which reflects its more restricted range of investment options. Admirals clearly provides a more extensive investment choice, appealing to traders looking for diversity and access in the financial markets.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 87 |
| Forex Pairs (Total) | 82 | 25 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by Admirals and FXOpen, both brokers provide a comprehensive experience with simulated (paper) trading via free demo accounts. Admirals stands out with its proprietary platform, alongside well-known platforms like MetaTrader 4 and MetaTrader 5. FXOpen doesn’t offer a proprietary platform, but it supports MT4 and MT5, similar to Admirals. Both brokers have accessible platforms for Windows desktop and web-based trading, ensuring convenience for users. Admirals and FXOpen also facilitate copy trading, although only FXOpen adds ZuluTrade to its offerings. Neither broker supports DupliTrade.
In terms of charting, Admirals delivers a more extensive toolkit with 106 drawing tools, significantly surpassing FXOpen, which offers 15. Both brokers offer the ability to trade directly from stock charts and provide similar options for watch list customization with seven fields. Despite receiving equal ratings of four stars for trading platforms and tools, Admirals is ranked higher than FXOpen, securing the 20th spot, whereas FXOpen is ranked 53rd among 62 brokers by ForexBrokers.com. This ranking highlights Admirals' stronger position in delivering effective and user-friendly trading platforms and tools.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Admirals and FXOpen offer comprehensive tools for traders using iPhone and Android devices. Each app includes features such as price alerts for stock and forex markets, the ability to draw trendlines on charts, and access to multiple time frames for in-depth analysis. Both platforms allow users to create watchlists with real-time quotes, although neither supports the automatic syncing of watchlists with online accounts. Admirals and FXOpen each provide a solid set of 30 technical studies for charting, catering to users who rely on technical analysis for their trading decisions.
A key difference between the two is the autosave feature for charts. Admirals automatically saves drawings on charts, whereas FXOpen does not offer this convenience. In terms of user rankings, Admirals holds a slightly higher position, ranked 28th out of 62 brokers by ForexBrokers.com, compared to FXOpen, which is ranked 54th. Both brokers receive a respectable mobile trading app rating of four stars out of five. Despite these distinctions, each app delivers a reliable mobile trading experience, making them solid options for traders on the go.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Admirals and FXOpen provide valuable insights by offering daily market commentary and forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. Admirals takes the lead in market research by integrating advanced tools such as Trading Central, which enhances technical analysis and offers a sentiment-based trading tool. These additional features allow traders to access detailed insights into trading behaviors across currency pairs. Admirals further enriches their offering with market research from TipRanks and tools from Acuity Trading, like Signal Centre, which are not available with FXOpen. Both brokers ensure transparency with an economic calendar that tracks global news events affecting various economies.
Admirals shines with a higher research rating of 4 stars compared to FXOpen’s 3 stars. This is reflected in their ranking as the 15th broker out of 62 in the Research category, clearly outpacing FXOpen, which is positioned last at 62. Admirals' comprehensive research tools and higher ratings suggest a strong advantage, especially for traders seeking in-depth market analysis and diverse research instruments. In contrast, FXOpen offers a more straightforward approach but lacks the variety of analytical and sentiment tools which can be crucial for informed decision-making in the forex market.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, Admirals clearly stands out compared to FXOpen. Admirals provides a rich array of learning materials, including more than ten educational articles, videos, and archived webinars focusing on forex and CFDs. Admirals also hosts online educational webinars monthly and offers a searchable archive of past sessions. In contrast, FXOpen does not meet these criteria, lacking in both educational content volume and accessibility.
Admirals further supports beginners with a comprehensive library of over ten beginner and advanced trading videos. Both Admirals and FXOpen include an investor dictionary with definitions for over 50 investing terms. However, Admirals' commitment to trader education earns it a 4-star rating and a #12 ranking among 62 brokers, while FXOpen is rated 3 stars and ranks at #58 for education. For those embarking on their trading journey, Admirals provides a more extensive learning environment to enhance their trading knowledge.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 FXOpen. Admirals finished with an overall rank of #18, while FXOpen finished with an overall rank of #54.
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
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 76 |
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Both Admirals and FXOpen do not provide the option to purchase actual cryptocurrencies, however, they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Admirals and FXOpen, Admirals provides a wider range of deposit and withdrawal options, including ACH or SEPA transfers and PayPal, in addition to Skrill, Visa, Mastercard, and bank wires, whereas FXOpen does not support ACH, SEPA, or PayPal but does offer Skrill, Visa, Mastercard, and bank wire options.
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 | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | Admirals Review |
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| Regulation | Admirals | FXOpen | |
|---|---|---|---|
| Trust Score | 93 | 76 | |
| Year Founded | 2001 | 2003 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Admirals | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | Yes | |
| 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 | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 87 | |
| Forex Pairs (Total) | 82 | 25 | |
| 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). |
| Cost | Admirals | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Admirals | FXOpen | |
|---|---|---|---|
| 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 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | FXOpen | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Admirals | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Admirals | FXOpen | |
|---|---|---|---|
| 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 |
| Overall | Admirals | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | Admirals Review |
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