Written by ForexBrokers.com
In this head to head comparison of Admirals vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Admirals, established in 2001, and FXOpen, founded in 2003, are two prominent online brokers, each with their own strengths in the regulatory landscape. Admirals holds a total of four Tier-1 licenses, which are considered highly trusted, and three Tier-2 licenses, viewed as trusted according to ForexBrokers.com. This regulatory positioning contributes to Admirals boasting a Trust Score of 93 out of 99, placing it in the highly trusted category.
FXOpen, in contrast, holds two highly trusted Tier-1 licenses but no Tier-2 licenses. With a Trust Score of 76 out of 99, FXOpen is rated as average risk by ForexBrokers.com. Neither of these brokers is publicly traded or functions as a bank. This makes Admirals a more trusted option for cautious investors seeking security, while FXOpen offers a mid-range alternative for trading enthusiasts.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Year Founded | 2001 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers, Admirals and FXOpen offer distinct pricing structures that can impact trading experiences. Admirals presents a competitive pricing model, with its Trade account offering typical spreads of 0.8 and similar pricing available on the Zero account type. This ensures traders have a clear understanding of the costs involved. FXOpen, on the other hand, does not provide average spread data, which may leave potential traders needing more information when planning their trading costs.
In terms of ratings, Admirals shines with a 4.5-star rating for its commissions and fees, reflecting its strong position in the market. It holds the 17th spot out of 63 brokers ranked by ForexBrokers.com, demonstrating its appeal among competitive traders who prioritize cost efficiency. FXOpen, while also rated positively, holds a 4-star rating. It is ranked 44th, indicating it offers satisfactory value, but may not be as cost-effective as Admirals for certain trading styles.
For those choosing between Admirals and FXOpen, it's essential to consider the transparency and competitiveness of each broker's fee structure. Admirals offers clear pricing options that appeal to traders looking for consistent information about their trading costs. FXOpen's lack of average spread data might suit those who value other features but may require a closer look into its fee breakdown to ensure the best choice for their trading needs.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Admirals clearly stands out in comparison to FXOpen. Admirals offers an impressive 8,702 tradeable symbols, vastly surpassing FXOpen's more limited offering of 87 symbols. For those interested in forex trading, Admirals provides access to 82 tradeable forex pairs, while FXOpen offers 25 pairs. Additionally, Admirals shines with the ability to trade exchange-traded securities on both U.S. and international exchanges, allowing clients to directly purchase shares like Apple and Vodafone. On the other hand, FXOpen does not offer this feature, focusing more narrowly on CFDs.
Both brokers provide options for trading cryptocurrency derivatives and offer copy trading features. However, neither allows the purchase of actual delivered cryptocurrencies. Based on ForexBrokers.com's rankings, Admirals secures a rating of 4.5 stars for its diverse range of investments, achieving a rank of #19 out of 63 brokers. In contrast, FXOpen is rated 3 stars, landing a lower rank of #62 in the same category. This indicates that Admirals provides a significantly broader and more appealing suite of investment opportunities compared to FXOpen.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 87 |
| Forex Pairs (Total) | 82 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Admirals and FXOpen both offer a range of trading platforms and tools that cater to different trading needs. Admirals provides its own proprietary platform alongside well-known platforms like MetaTrader 4 and MetaTrader 5, while FXOpen opts for the latter, without a home-grown option. Both brokers make their services accessible through Windows-based desktop platforms and web-based platforms, ensuring flexibility for traders who prefer different formats. They also offer the possibility of simulated paper trading through free virtual demo accounts, making it easy for beginners to practice before diving into live trading. Additionally, both support copy trading, though FXOpen uniquely collaborates with ZuluTrade, enhancing their social trading capabilities.
For advanced charting, Admirals stands out with 106 drawing tools, significantly more than FXOpen's 15 tools, offering traders more ways to analyze market trends visually. Both brokers offer trading directly from a stock chart, and their watch lists include seven columns for detailed monitoring of selected securities. Admirals is rated highly with four stars for its trading platforms and tools, holding the 19th spot out of 63 brokers on ForexBrokers.com, while FXOpen also earns four stars but ranks at 53. This makes Admirals a strong choice for those prioritizing platform features and innovative tools in their trading experience.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Admirals and FXOpen offer compatible options for iPhone and Android users. Each app provides essential features like stock and forex price alerts, allowing traders to stay informed. Both brokers equip their apps with 30 technical studies for charting, as well as the capacity to draw trendlines and view multiple time frames such as daily, weekly, or intraday. Admirals and FXOpen also allow users to create watchlists with real-time quotes, enhancing the trading experience on the go.
Despite these similarities, there are some differences. Admirals' mobile app has the added advantage of auto-saving drawings on charts, a feature not available with FXOpen. Neither app currently offers watchlist symbol syncing across different devices or platforms. In terms of overall user satisfaction, both providers receive a rating of 4 stars for their mobile trading apps. However, Admirals holds a higher ranking, placed at 23 out of 63 brokers on ForexBrokers.com, while FXOpen ranks at 54. This suggests Admirals may offer a slightly more seamless mobile trading experience.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When you're seeking in-depth market research as a trading tool, both Admirals and FXOpen offer daily market commentary and provide news from top-tier sources like Bloomberg and Reuters. For traders interested in technical analysis, Admirals stands out by offering tools from Trading Central, unlike FXOpen, which does not provide these resources. Additionally, Admirals provides a sentiment-based trading tool that displays the ratio of long or short positions, a feature FXOpen lacks.
Admirals further distinguishes itself by offering market research from TipRanks and tools from Acuity Trading, whereas FXOpen does not include these in their offerings. Both brokers provide an economic calendar to keep you informed of global news events. Overall, Admirals receives a higher research rating with 4 stars, ranked 15th out of 63 brokers by ForexBrokers.com, compared to FXOpen's 3-star rating and 63rd rank.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring educational resources offered by online brokers, Admirals clearly stands out compared to FXOpen, particularly for those new to forex or CFDs. Admirals offers an extensive range of learning materials, including over ten educational pieces such as articles and videos. They also provide monthly online webinars and maintain a searchable archive for these sessions, which is a significant advantage for continuous learning. Beginner and advanced traders alike can find value in the more than ten videos dedicated specifically to each skill level. Moreover, Admirals supports new traders with a comprehensive investor dictionary that covers more than 50 investing terms, ensuring clients have access to the foundational knowledge needed to trade effectively.
In contrast, FXOpen does not provide the same breadth of educational resources. They fall short in delivering an extensive library of materials, as they do not meet the minimum benchmark of ten educational pieces. Additionally, FXOpen lacks regular webinars, an archive for past webinars, and a comparable selection of beginner and advanced video content. Despite both platforms offering an investor dictionary, Admirals' education rating of four stars, compared to FXOpen's three stars, reflects its commitment to trader education. Admirals ranks 12th among 63 brokers for education, while FXOpen is positioned at 58th, highlighting the significant gap in educational offerings between the two brokers.
| Feature |
Admirals
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Admirals is better than FXOpen. Admirals finished with an overall rank of #18, while FXOpen finished with an overall rank of #54.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 76 |
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Both Admirals and FXOpen do not provide the option to purchase actual cryptocurrencies, however, they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Admirals and FXOpen, Admirals provides a wider range of deposit and withdrawal options, including ACH or SEPA transfers and PayPal, in addition to Skrill, Visa, Mastercard, and bank wires, whereas FXOpen does not support ACH, SEPA, or PayPal but does offer Skrill, Visa, Mastercard, and bank wire options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Admirals | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | Admirals Review |
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| Regulation | Admirals | FXOpen | |
|---|---|---|---|
| Trust Score | 93 | 76 | |
| Year Founded | 2001 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Admirals | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Admirals | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 87 | |
| Forex Pairs (Total) | 82 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Admirals | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Admirals | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Admirals | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 106 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Admirals | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Admirals | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Admirals Review |
| Overall | Admirals | FXOpen | |
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| Trust Score | 93 | 76 | |
| Winner | check_circle | ||
| Review | Admirals Review |
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