Admirals (formerly Admiral Markets) is a globally recognized forex and CFD broker founded in 2001, with headquarters in Estonia and offices across Europe, the UK, and Australia. For Bulgaria traders, Admirals offers a compelling mix of low minimum deposit ($25), multiple trading platforms (MT4, MT5, cTrader), and access to over 3,000 instruments including forex, indices, commodities, and cryptocurrencies. The broker is regulated by CySEC (Cyprus), which means Bulgarian clients benefit from EU investor protection, including negative balance protection and access to the Investor Compensation Fund (up to €20,000). Admirals is not directly regulated in Bulgaria, but its CySEC authorization allows it to serve Bulgarian residents under EU passporting rules. The broker stands out for its educational resources (webinars, articles, trading central tools) and swap-free Islamic accounts, making it suitable for a wide range of retail traders in Bulgaria. However, the overall score of 3.1 reflects average spreads and limited local language support, which may be a drawback for some traders.
| Detail | Information |
|---|---|
| Founded | 2001 |
| Headquarters | Estonia |
| Regulated by | FCA,ASIC,CySEC,EFSA,JSC |
| Min Deposit | $1 |
| Max Leverage | 500 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | 0.10 pips | $3.00 | $3.10 | 1.00 pips |
| XAU/USD | 0.20 pips | $3.00 | $3.20 | 0.25 pips |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
Admirals offers a genuine swap-free Islamic account for Bulgaria Muslim traders who wish to trade without earning or paying interest (riba). The account is available on request by contacting customer support and providing a declaration of faith. It applies to most forex pairs, indices, and commodities, but may not be available for all crypto CFDs. There are no hidden fees, but note that holding positions for more than a few days may incur an admin fee (usually a fixed amount per lot per day). The Islamic account is available on both MT4 and MT5 platforms. To apply, simply open a live account, then email support or use the live chat to request conversion. Approval is usually within 24 hours.
| Feature | Details |
|---|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.10 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.20 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Admirals (current) | $1 | 0.10 pips | Yes | No | 3.1 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
Admirals is a reliable and well-regulated broker that offers a solid trading environment for Bulgaria traders, particularly those who value platform choice (MT4/MT5/cTrader) and low minimum deposit. The broker’s multi-regulator status (CySEC, FCA) provides peace of mind, and the availability of Islamic accounts is a plus for Muslim traders. However, the lack of Bulgarian language support and average spreads may deter some traders. Overall, Admirals is best suited for intermediate to advanced retail traders in Bulgaria who are comfortable with English and want a trustworthy broker with a long track record. Beginners may find the educational resources helpful, but should consider the spread costs. If you prioritize tight spreads and local support, you might explore alternatives like XTB or IC Markets.