Updated September 29, 2026 · BrokerCue Editorial Team
Admirals vs FP Markets
Where Admirals and FP Markets differ
| Compare |  Admirals |  FP Markets |
|---|---|---|
| Minimum deposit | $25 | A$100 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, BondsCovers more | Forex, CFDs |
| Regulators | FCA, CySEC, ASIC | ASIC, SIPC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Stock trade fee | $0.020 | Not confirmed |
| Inactivity fee | €10 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 72.5% |
| Maximum retail leverage | 1:30 | Not confirmed |
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Key differences
- Admirals scores higher overall: 9.3 vs 9.0.
- Regulators: only Admirals offers FCA, CySEC.
- Regulators: only FP Markets offers SIPC.
- Admirals is licensed in 1 more country.
- Markets: only Admirals offers Stocks, ETFs, Crypto.
Our verdict on each
Admirals
Admirals suits retail investors who want one account across several markets with UK regulation behind it. Costs sit mid pack: a stock trade fee of $0.02 and an inactivity fee of €10 put it ahead of some rivals and behind cheaper ones.
FP Markets
FP Markets suits traders who want a regulated broker with a real protection scheme behind the money, not the lowest entry cost. It is regulated in Australia and the US, and the US entity carries SIPC cover of SIPC up to USD 500,000. The catch is the entry hurdle: a minimum deposit of AUD 100.
Score breakdown
| Area | Admirals | FP Markets |
|---|---|---|
| Cost | 8.8HigherA stock trade fee of $0.02 on a $25 minimum deposit, plus €10 for idling. | 8.6 |
| Offer | 9.7Higher | 8.6 |
| Trust | 9.5 | 9.5 |
Positions in our rankings
| Ranking | Admirals | FP Markets |
|---|---|---|
| Forex brokers | 27 of 147 | 59 of 147 |
| Low-spread forex brokers | 25 of 145 | 57 of 145 |
| CFD brokers | 21 of 122 | 49 of 122 |
What each covers
| Markets | Admirals | FP Markets |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | No |
| Bonds | Yes | No |
What we checked
Admirals
- beinoptions.com: 2 facts, checked September 26, 2026
- fxscouts.ng: 2 facts, checked September 26, 2026
- premiumtrading.co: 2 facts, checked September 26, 2026
- fxleaders.com: 1 fact, checked September 26, 2026
- olxforex.com: 1 fact, checked September 26, 2026
FP Markets
- brokerchooser.com: 2 facts, checked September 26, 2026
- sipc.org: 2 facts, checked September 26, 2026
- fxscouts.ng: 1 fact, checked September 26, 2026
- leadiq.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Admirals | FP Markets |
|---|---|---|
| Legal entity | Admirals SC Ltd | RB INTERNATIONAL MARKETS (USA) LLC |
| Founded | 2001 | Not confirmed |
Where each stands against the rest
| Fact | Admirals | FP Markets | Median |
|---|---|---|---|
| Stock trade fee | $0.020highest quarter | Not confirmed | $0 |
| Inactivity fee | €10above the median | Not confirmed | €2.45 |
| Retail accounts that lose money | Not confirmed | 72.5%above the median | 72.05% |
Median across 91 listed brokers.
Pros and cons
Admirals
Pros
- Regulated by the FCA in the UK, plus CySEC and ASIC, so UK clients sit under a UK watchdog and client asset rules
- Investor protection stated as FSCS up to GBP 85,000
- One account spans stocks, etfs and forex, so forex, CFDs, shares, ETFs, crypto and bonds sit in one place
Cons
- An inactivity fee of €10 applies, and it ranks high at 39 of 56 brands on this measure
- The stock trade fee of $0.02 sits above the site median of €0, and above the commission free model offered by eToro at $0
- The minimum deposit of $25 ranks at 120 of 213, so it is not the cheapest account to open
FP Markets
Pros
- Regulated in Australia and the US, with the US entity covered by SIPC up to USD 500,000.
- A single, named legal entity, RB INTERNATIONAL MARKETS (USA) LLC, holds the SIPC membership, licence SIPC member 71021.
- A focused product: forex and cfds, without a wider asset mix to learn.
Cons
- The minimum deposit of AUD 100 is well above the site median of €4.64.
- A limited market list, forex and cfds, so it does not cover shares, ETFs or crypto.
- The cost score is 3.1, one of the weaker parts of the profile.
Who each suits
Admirals
Who it suits
- UK retail investors who want an FCA regulated account covering shares, ETFs, forex, CFDs, crypto and bonds in one place
- Investors who hold across asset classes and want FSCS up to GBP 85,000 behind the balance
- Traders who can start small on a $25 minimum deposit and trade on a $0.02 stock fee
Who should look elsewhere
- Anyone wanting a commission free stock deal, where eToro charges $0
- Long term holders who leave a balance untouched, since the inactivity fee runs at €10
- Anyone starting with no money at all, since CFI opens on a minimum deposit of $0 and Vantage on $5
FP Markets
Who it suits
- Traders who weight regulator and protection scheme above a low starting amount
- Anyone happy to trade a single market pair of products, forex and cfds
- US clients who want the SIPC scheme, SIPC up to USD 500,000, behind the account
Who should look elsewhere
- Small starters, who will find AUD 100 a high way in
- Investors wanting shares, ETFs or crypto, since forex and cfds covers neither
- eToro users who want a much wider asset list, stocks, etfs and forex
Questions about each
Admirals
What does Admirals charge to trade a stock?+
A stock trade fee of $0.02 applies on trades. That is above the site median of €0, so a reader who deals in shares often should weigh the cost against a commission free alternative before committing.
How much do I need to open an account?+
The minimum deposit is $25. The site median across tracked brands is €4.64, and Admirals ranks at 120 of 213 on this measure, so the entry point is accessible without being the lowest available.
FP Markets
What is the minimum deposit at FP Markets?+
The minimum deposit is AUD 100. That is a high way in, and it sits well above the site median of €4.64. Anyone starting with a small amount should look at a broker with a lower entry figure before committing.
Is my money protected at FP Markets?+
The US-facing entity, RB INTERNATIONAL MARKETS (USA) LLC, is covered by SIPC up to USD 500,000. That protection belongs to the US entity, so clients of other entities in the group should check which scheme applies to them before depositing.
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