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Admirals regulation

Across a hundred brokers, the licence is what separates the field fastest. Here is Admirals's regulatory record in full.

Facts last checked . Read the full Admirals review.

Regulation and safety

Regulated by
FCA (595450); CySEC (201/13); ASIC (AFSL 410681); FSCA (51311); Seychelles FSA (SD073); JSC Jordan (57026); CMA Kenya (178); EFSA (4.1-1/46)
Regulator tier
Tier 1
Register entry
FCA Financial Services Register, FRN 595450
Client money segregated
Yes
Held at
Reputable regulated banking institutions
Negative balance protection
Yes
Compensation scheme
FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients; additional insurance up to €100,000 under applicable entity
Audited by
PricewaterhouseCoopers (PwC)
Not available to
United States, Canada, Japan, Belgium and other jurisdictions where services are restricted or prohibited

Check the licence yourself: the FCA Register, the CySEC register of investment firms, ASIC Connect, the FSCA search of financial services providers, the Seychelles FSA list of regulated entities.

What this means

Across a hundred brokers, the licence is what separates the field fastest.

Admirals holds tier-one authorisations from ASIC, FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Client money is held separately from the firm's own money, at Reputable regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible Cyprus clients; additional insurance up to €100,000 under applicable entity, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about Admirals regulation

Who regulates Admirals?

Admirals is regulated by FCA (595450); CySEC (201/13); ASIC (AFSL 410681); FSCA (51311); Seychelles FSA (SD073); JSC Jordan (57026); CMA Kenya (178); EFSA (4.1-1/46).

Is client money segregated at Admirals?

Yes. Admirals holds client money separately from its own funds, at Reputable regulated banking institutions.

Does Admirals offer negative balance protection?

Yes. Admirals offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Regulation at brokers under the same regulator

More about Admirals