Is Admirals regulated by the EFSA?

What the EFSA licence means

Based on our licence database, Admirals holds a licence from the Estonian Financial Supervision and Resolution Authority (EFSA), the financial regulator for Estonia. We classify the EFSA as tier 2 — strong regulation. Credible regulators with real rulebooks, but fewer safeguards than tier 1 (e.g. no compensation scheme or looser leverage rules).

For Admirals clients whose account is held by its EFSA-regulated entity, the key protections are: compensation — Guarantee Fund — 90% of claim up to €20,000; retail leverage — 30:1 on major FX pairs (ESMA rules); negative balance protection — mandatory for retail clients; client money — MiFID II client asset rules. Disputes can be taken to Consumer Disputes Committee.

Admirals is also matched to licences from ASIC, FCA, CySEC, FSCA, CMA (Kenya), JSC and FSA (Seychelles). ASIC and FCA are rated higher than the EFSA in our methodology, so if you are eligible for those entities you may get stronger protection. Note that clients outside Estonia may be onboarded to a weaker entity (CMA (Kenya), JSC or FSA (Seychelles)) instead.

Protection at a glance

Regulator tier

Tier 2 — Strong regulation

Compensation scheme

Guarantee Fund — 90% of claim up to €20,000

Retail leverage

30:1 on major FX pairs (ESMA rules)

Negative balance protection

Required for retail clients

Client money

MiFID II client asset rules

Complaints

Consumer Disputes Committee

How to verify this licence

1. Open Admirals's client agreement or website footer and note the exact company name and EFSA licence number.
2. Search that name or number on the official EFSA register. Check the status is current, not cancelled or suspended.
3. Confirm the website domain you're using (admiralmarkets.com) is the one listed on the register — clone firms copy genuine licence numbers.
4. Search the EFSA warnings page and IOSCO I-SCAN for the brand name.

Admirals's other licences