FP Markets vs Admiral Markets: Which One Is Best?
Dive into our comprehensive comparison of FP Markets and Admiral (formally Admiral Markets). We cover everything from trading costs to platforms, helping you make an informed choice.
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*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.
Our comprehensive comparison dives into the 10 most crucial trading factors to help you make an informed choice.
- FP Markets offers more consistent spreads across various forex pairs, making it predictable for traders.
- Admirals boasts some of the industry’s lowest spreads, especially for major pairs like EUR/USD and GBP/USD.
- FP Markets charges a commission of $7 per lot on its RAW account, slightly lower than Admirals’ $8.
- Neither broker charges fees for deposits and withdrawals, keeping your trading costs low.
- FP Markets and Admirals both steer clear of inactivity or account maintenance fees.
1. FP Markets: Lowest Spreads And Fees
Spreads
When it comes to the standard account spreads, there’s a clear distinction between the brokers. FP Markets and Admirals both offer competitive spreads, but there are some differences that are worth noting.
FP Markets has a consistent spread across most forex pairs, with the exception of USD/CAD and AUD/JPY which are slightly higher. This consistency can be beneficial for traders who trade a variety of pairs, as it provides a level of predictability in trading costs. However, when compared to the industry average, FP Markets’ spreads are generally lower, which is a positive sign.
Admirals, on the other hand, offers some of the lowest spreads in the industry, particularly for EUR/USD, USD/JPY, GBP/USD, and AUD/USD. This makes Admirals an attractive choice for traders who primarily trade these pairs. However, their spread for AUD/JPY is significantly higher than both FP Markets and the industry average, which could be a deterrent for traders who frequently trade this pair.
| Standard Account | FP Markets Spreads | Admirals Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.38 | 1.26 | 1.6 |
| EUR/USD | 1.2 | 0.8 | 1.2 |
| USD/JPY | 1.5 | 1 | 1.4 |
| GBP/USD | 1.4 | 1 | 1.6 |
| AUD/USD | 1.3 | 1 | 1.5 |
| USD/CAD | 1.4 | 1.6 | 1.8 |
| EUR/GBP | 1.2 | 1 | 1.5 |
| EUR/JPY | 1.4 | 1.5 | 1.9 |
| AUD/JPY | 1.6 | 2.2 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
In my opinion, while both brokers offer competitive spreads, Admirals seems to have the edge for traders who focus on the major pairs. However, for those who trade a wider variety of pairs, FP Markets’ consistency could be more appealing. It’s also important to note that both brokers offer spreads that are generally lower than the industry average, which is a testament to their competitiveness in the market.
Commissions
FP Markets charges a commission of $7 per lot on its RAW account, while Admirals charges a slightly higher commission of $8 per lot.
| | USD | AUD | GBP | EUR |
|---|---|---|---|---|
| FP Markets | $3.00 | N/A | £2.25 | €2.75 |
| Admirals | $3.00 | $4.00 | £2.40 | €2.60 |
Trading costs can significantly impact your profitability in forex trading. Let’s break down the costs associated with FP Markets and Admirals.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
0.80 | 1.00 | 1.00 | 1.60 | 1.00 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Deposit & Withdrawal Fees
Both FP Markets and Admirals do not charge any fees for deposits and withdrawals. However, it’s important to note that your bank or payment provider may charge a fee.
Other Fees
Neither FP Markets nor Admirals charge inactivity or account maintenance fees, making them both cost-effective options for traders.
Our Lowest Spreads and Fees Verdict
Based on our exclusive research on standard spreads and commissions, FP Markets has the edge in terms of trading costs. However, both brokers offer competitive pricing structures that cater to different trading styles and volumes.
FP Markets ReviewVisit FP Markets
2. FP Markets: Better Trading Platform
The trading environment is a crucial factor that can significantly impact your trading experience and performance. Our research on execution speeds shows that both FP Markets and Admirals offer excellent trading environments with fast execution speeds and minimal slippage.
FP Markets provides a superior trading environment with its IRESS platform, offering direct market access and advanced trading tools. On the other hand, Admirals stands out with its MetaTrader Supreme Edition, offering advanced features like a correlation matrix, market sentiment, and trading central.
| Trading Platform | FP Markets | Admiral Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
Our Better Trading Platform Verdict
Both brokers offer excellent trading environments, but FP Markets’ IRESS platform and direct market access give it a slight edge over Admirals.
3. Admiral Markets: Superior Accounts And Features
FP Markets offers two main account types: the Standard Account with no commission and wider spreads, and the RAW Account with lower spreads and a commission per lot. Admirals, on the other hand, offers three account types: the Trade.MT4 Account, the Zero.MT4 Account with lower spreads and a commission, and the Trade.MT5 Account.
| FP Markets | Admiral Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | No |
Our Superior Accounts and Features Verdict
Both brokers offer a range of account types to suit different trading needs and preferences. However, Admiral Markets offers more variety with its three account types.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
4. Tie: Best Trading Experience And Ease
When it comes to the trading experience, both FP Markets and Admirals are top-tier. FP Markets offers a seamless trading environment with high-speed execution, which is a significant advantage for traders who value quick and efficient trades.
- FP Markets has high-speed execution.
- Admirals offers a user-friendly interface.
- Both brokers support MT4 and MT5 platforms.
- Neither has inactivity or account maintenance fees.
| | Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank |
|---|---|---|---|---|
| FP Markets | 225ms | 31/36 | 96ms | 8/36 |
| Admirals | 132ms | 15/36 | 182ms | 27/36 |
Admirals also shines with its user-friendly interface that’s easy to navigate. So, whether you’re a trading novice or a seasoned pro, both brokers have something to offer.
Our Best Trading Experience and Ease Verdict
Both brokers excel in providing a top-notch trading experience. However, if speed is your game, FP Markets has the edge with its high-speed execution. Admirals, on the other hand, is more user-friendly, making it ideal for those who are new to trading or prefer a more straightforward interface.
5. Admiral Markets: Stronger Trust And Regulation
Admiral Markets Trust Score
FP Markets Trust Score
Broker’s Regulation
FP Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Admirals is regulated by multiple top-tier authorities, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
| FP Markets | Admirals | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) CYSEC (Cyprus) | ASIC (Australia) FCA (UK) CYSEC (Cyprus) CIRO (CANADA) |
| Tier 2 Regulation | ASIC (Australia) FCA (UK) CYSEC (Cyprus) CIRO (CANADA) |
|
| Tier 3 Regulation | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) | FSA-S (Seychelles) CMA (Kenya) JSC FSCA (South Africa) |
Our Stronger Trust and Regulation Verdict
Both brokers are highly regulated, but Admirals has a slight edge with its additional regulation by the FCA.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
6. Admiral Markets: Top Product Range And CFD Markets
Both FP Markets and Admirals offer an extensive range of products, but there are some key differences.
| CFDs | FP Markets | Admirals |
|---|---|---|
| Forex Pairs | 63 | 50 |
| Indices | 19 | 42 |
| Commodities | 4 Metals (vs USD, AUD, EUR) 4 Energies 5 Softs | 29 Commodities 7 Metals (3 x Gold) 4 Energies 7 Softs (11 Futures) |
| Cryptocurrencies | 12 | 37 |
| Shares CFDs | 10000+ (with IRESS) 814 (with MT5) | 300 |
| ETFs | 46 | 362 |
| Bonds | 2 | 2 |
| Futures | No | No |
| Treasuries | 2 | 2 |
| Investment | No | No |
Our Top Product Range and CFD Markets Verdict
Admirals offers a more diverse range of CFDs and Markets, making it the better choice for traders looking for variety. FP Markets, however, offers a solid range but lacks in areas like Cryptos and ETFs.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
7. FP Markets: Superior Educational Resources
When it comes to educational resources, FP Markets clearly has the upper hand. They offer a comprehensive educational section that’s beneficial for traders of all levels. From webinars to eBooks and even one-on-one coaching, they’ve got it all covered.
- FP Markets offers a wide range of webinars hosted by industry experts.
- They provide eBooks that cover everything from basic trading concepts to advanced strategies.
- One-on-one coaching is available for traders who prefer a more personalized learning experience.
- Their video tutorials are easy to follow and cover a wide range of topics.
- They also offer articles and market analysis to keep traders updated on market trends.
- Their FAQ section is incredibly detailed, offering solutions to common trading issues.
Admirals, on the other hand, also offers educational resources but they are not as extensive as FP Markets. They do offer webinars and articles, but the range is limited compared to FP Markets.
Our Superior Educational Resources Verdict
Based on our testing, FP Markets offers the best educational resources with a score of 9 out of 10, while Admirals lags behind with a score of 6 out of 10.
8. FP Markets: Superior Customer Service
Customer service is a big deal, and both FP Markets and Admirals deliver. FP Markets offers 24/5 support, which is pretty standard.
| Feature | FP Markets | Admirals |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/5 |
| Multilingual Support | Yes | Yes |
Admirals also offers multilingual support, which is a nice touch if English isn’t your first language.
Our Superior Customer Service Verdict
Both brokers offer excellent customer service, but FP Markets scores slightly higher based on our testing. They offer a more responsive and efficient customer service experience, making them the better choice for traders who value support.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
9. FP Markets: Better Funding Options
When it comes to funding, both brokers offer multiple options, but let’s see who takes the cake.
| Funding Option | FP Markets | Admirals |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | Yes |
| POLi / bPay | Yes | Yes |
| Klarna | No | No |
Our Better Funding Options Verdict
FP Markets offers more diverse funding options, including PayPal and UnionPay, which gives them the edge for traders looking for flexibility in funding their accounts.
10. Tie: Lower Minimum Deposit
Both FP Markets and Admiral Markets have a minimum deposit requirement of $100. The $100 minimum applies to all base currencies, however, the available payment channels may vary.
FP Markets
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Paypal | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
Admiral Markets
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Neteller | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| | Minimum Deposit | Recommended Deposit |
| FP Markets | $100 | $100 |
| Admirals | $100 | $100 |
Our Lower Minimum Deposit Verdict
It’s a tie between FP Markets and Admiral Markets when it comes to minimum deposit. The two brokers have been neck and neck with the other categories, so them being equals here makes decision-making a little easier.
*Your capital is at risk ‘75% of retail CFD accounts lose money’
So Is Admirals or FP Markets The Best Broker?
FP Markets is the undisputed champion, and let’s get into the nitty-gritty. From lower spreads to a more intuitive trading platform and stellar customer service, they’ve got it all. Below is a table that summarises the key aspects that led to this conclusion:
| Criteria | FP Markets | Admirals |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience And Ease | Yes | Yes |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | Yes | No |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | Yes | Yes |
FP Markets: Best For Beginner Traders
If you’re new to the trading scene, FP Markets is your best bet. Why? They offer an extensive educational platform that’s packed with webinars, eBooks, and tutorials. This makes it a breeze for beginners to grasp trading concepts and strategies. Plus, their customer service is top-notch, always ready to guide you through any challenges you might face. It’s like having a trading mentor available 24/7.
FP Markets: Best For Experienced Traders
For the seasoned traders out there, FP Markets is the go-to. They offer advanced charting tools, a wide range of financial instruments, and high-speed execution. This is perfect for traders who are looking for a more sophisticated trading environment. Plus, their lower spreads mean you can maximise your profits, which is always a win. If you’re an experienced trader looking to push your trading to the next level, FP Markets has got you covered.
FAQs Comparing FP Markets vs Admirals
Does Admirals or FP Markets Have Lower Costs?
FP Markets wins in the cost department. They offer spreads as low as 0.0 pips, while Admirals starts at 0.6 pips. For more, check out our Lowest Spread Forex Brokers comparison.
Which Broker Is Better For MetaTrader 4?
FP Markets is the top choice for MetaTrader 4 users. They offer more features and better customization. Dive deeper on our Best MT4 Brokers.
Which Broker Offers Social Trading?
Neither FP Markets nor Admirals focus on social trading. For alternatives, check out best copy trading platforms.
Does Either Broker Offer Spread Betting?
No, neither FP Markets nor Admirals offer spread betting. For more options, visit best spread betting brokers.
What Broker is Superior For Australian Forex Traders?
In my opinion, FP Markets is the top choice for Aussies. They are ASIC regulated and founded in Australia. For more details, visit our Best Forex Brokers In Australia page.
What Broker is Superior For UK Forex Traders?
For UK traders, FP Markets is the better option. They are FCA regulated but founded overseas. Learn more about UK trading platforms on our Best Forex Brokers In UK page.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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Ask an Expert
Is Admiral Markets a good broker?
Admirals is regulated by a number of top tier financial institutions which means they are a broker you can trust. The broker using a STP model which means prices are low since the spreads are sourced from liquidity providers. So spreads are competitive. Trust plus low spreads are signs that can indicate the broker is good.