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Admirals in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%95
- Safety20%100
- Payouts15%80
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- South African clients served by locally licensed Admirals SA (Pty) Ltd.
- Founded
- 2001
- Retail leverage
- 500ZA
- Round turn
- 6 USDZA
- Currencies
- ZAR available, plus USD, EUR, GBP.
- Swap-free account
- yes
Licence check
Open an account with AdmiralsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- South African clients served by locally licensed Admirals SA (Pty) Ltd.
- Local standing
- Locally regulated by the FSCA.
- Licence as the register states it
- FSCA-authorised FSP No. 51311 (Admirals SA Pty Ltd), granted 2021-2022.
- Leverage for this entity
- Up to 1:500 for retail under the FSCA entity.
- The firm behind it
- Founded 2001 in Tallinn, Estonia; added FSCA licence 2021-2022; group holds FCA UK, CySEC, ASIC, EFSA Estonia, Seychelles FSA licences.
- What we hold against it
- Locally licensed and on FSCA register; FCA/CySEC clone-site warnings exist (impersonators, not the firm).
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocally regulated by the FSCA.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Trade.MT5 / Zero.MT5, min from ZAR 500 (approx USD 25 equivalent). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Admirals sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 6 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 25 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Bank wire, Visa/Mastercard, Skrill, Neteller;
- Bank wire
- Visa
- Mastercard
- Skrill
- Neteller
- Account currency
- ZAR available, plus USD, EUR, GBP.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- Admirals mobile app
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.9 |
| MT5 | — | 0.9 |
| Admirals mobile app | — | 0.9 |
| All instruments | 6000+ | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 500 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | 1,404 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(7 for and 1 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the South Africa median 7
- Locally authorised, licence 51311, read on 09.07.2026
- Min deposit 25 USD, under the South Africa median 50
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Swap-free account available
- Safety 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, Admirals mobile app
- Reviews 50 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 6ZA
- Min deposit, USD
- 20ZA
- Leverage
- 30 group
- Rank in this country
- #2
- Round turn, USD
- 6ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 2000ZA
- Rank in this country
- #3
- Round turn, USD
- 6ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 500 group
- Rank in this country
- #4
- Round turn, USD
- 6ZA
- Min deposit, USD
- 10ZA
- Leverage
- 5000ZA
- Rank in this country
- #5
- Round turn, USD
- 7ZA
- Min deposit, USD
- 50ZA
- Leverage
- 500ZA
- Rank in this country
- #8
- Round turn, USD
- 1ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #38
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | Admirals |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Admirals accept residents of South Africa?
- Yes. Locally regulated by the FSCA. Onboarding entity: South African clients served by locally licensed Admirals SA (Pty) Ltd.
- Is Admirals licensed to serve clients in South Africa?
- FSCA-authorised FSP No. 51311 (Admirals SA Pty Ltd), granted 2021-2022. Checked on 09.07.2026.
- How much does one round turn cost at Admirals?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Admirals offer to retail clients in South Africa?
- Up to 1:500. Up to 1:500 for retail under the FSCA entity.
- Which trading platforms does Admirals support?
- MT4, MT5, Admirals mobile app. Instruments: FX, indices, commodities, stocks, ETFs, bonds, crypto CFDs.
- How can I withdraw money from Admirals in South Africa?
- Bank wire, Visa/Mastercard, Skrill, Neteller; local ZAR bank transfer supported.
- What account types does Admirals offer?
- Trade.MT5 / Zero.MT5; min from ZAR 500 (approx USD 25 equivalent).
- Does Admirals offer a swap-free (Islamic) account?
- Yes. Admirals offers a swap-free (Islamic) account to South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://admirals.group
Not tax advice. Check with SARS.