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Admirals Overview for Singapore
Admirals (formerly Admiral Markets) is a global forex and CFD broker founded in 2001, with headquarters in Estonia. It has grown to serve over 40,000 active clients worldwide and is regulated by multiple top-tier authorities including the FCA, ASIC, and CySEC. For Singapore traders, Admirals offers a compelling mix of low minimum deposits (just $25 USD), access to popular platforms like MT4, MT5, and cTrader, and a wide range of instruments including forex, indices, commodities, and crypto. While it does not hold a direct license from the Monetary Authority of Singapore (MAS), its strong regulatory pedigree from other Tier-1 regulators provides a degree of comfort. The broker is particularly suitable for Singapore traders who value platform choice and low-cost trading, but the lack of MAS oversight means you should proceed with caution and verify all regulatory details yourself.
| 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 |
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Regulation & Safety — Is Admirals Safe for Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore traders
Always verify Admirals's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| 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 |
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Account Types for Singapore Traders
Standard Account
No Commission
Min Deposit$1
EUR/USD Spreadfrom 1.00 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$1
EUR/USD Spreadfrom 0.10 pips
Commission$3.00
IslamicCheck broker
PlatformsMT4/MT5
| 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 |
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Deposits & Withdrawals — Singapore Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Singapore deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Singapore Muslim Traders
Admirals offers a genuine Islamic (swap-free) account for Muslim traders in Singapore who wish to trade in accordance with Sharia law. This account does not charge or pay overnight swap fees on positions held open, making it compliant with Islamic finance principles. To apply, you need to contact Admirals customer support and provide a declaration of faith or any documentation they require. There are no hidden fees, but the broker may apply an administrative fee for accounts that hold positions for an extended period (e.g., over 10 days). Singapore Muslim traders should confirm this policy before opening the account. The Islamic account is available on all account types (Trade.MT4, Trade.MT5, Zero.MT4).
| 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 |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Singapore
| 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% |
Most popular instruments for Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Singapore Review
Support verdict for Singapore
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Singapore Traders Make with Admirals
- Mistake: Not verifying which Admirals entity regulates your account. Singapore traders should ensure they are trading with the FCA-regulated entity for the highest protection.
- Assuming PayNow deposits are available for all account currencies. Always deposit in SGD to avoid conversion fees.
- Ignoring the commission on the Zero.MT4 account. While spreads are low, the $3 per lot commission adds up for small traders.
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Admirals vs Competitors in Singapore
| 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 |
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Security & Fund Protection — Admirals
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Singapore traders
Admirals segregates all client funds and is regulated by top-tier authorities.
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Admirals User Reviews & Ratings
CompareBroker Expert Rating
3.1
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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Admirals Latest News & Updates 2026
Admirals expands TradingView integration
Admirals has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Admirals maintains top-tier regulatory status
Admirals continues to hold its regulatory licenses, ensuring client fund protection for Singapore traders.
New instruments added for Singapore traders
Admirals has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Admirals Worth It for Singapore Traders?
3.1/5
★★★★★
Admirals is a reliable global broker with a long track record and strong regulation from the FCA and ASIC. For Singapore traders, the key advantages are the low minimum deposit, support for PayNow deposits, and access to multiple trading platforms including cTrader. However, the lack of a direct MAS license is a significant drawback, as it means your funds are not covered by the Singapore Deposit Insurance Scheme (SDIC). The broker's overall score of 3.1 reflects some weaknesses in areas like education and support. We recommend Admirals for Singapore traders who are experienced, value platform choice, and are comfortable with offshore regulation. If you prioritize local regulation and MAS protection, you may be better off with a broker like Saxo or IG. Always start with a demo account and trade responsibly.
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FAQ — Admirals for Singapore Traders
Is Admirals safe for Singapore traders?+
How can I deposit money in Admirals from Singapore?+
Does Admirals have Islamic account?+
What is the minimum deposit for Admirals in Singapore?+
What trading platforms does Admirals offer?+
Is Admirals regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
