{ "schemaVersion": 1, "kind": "demoOffering", "id": "admirals-web-cy", "urls": { "html": "/demo-accounts/admirals-web-cy.html", "json": "/demo-accounts/admirals-web-cy.json", "markdown": "/demo-accounts/admirals-web-cy.md" }, "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.", "record": { "checked": "2026-10-12", "tested": false, "funds": null, "currency": null, "fundsLabel": "Not recorded", "fundsNote": "Starting balance not established.", "expiryType": "conditional", "expiry": "Most demos: 30 days. Continued access linked to active live account plus manual demo login at least every 30 days.", "expiryNote": "", "evidence": "documented", "signup": "Dashboard registration; no identity verification for demo.", "note": "Platform availability depends on account type. Proprietary forex row uses Trade.MT5, not Invest.MT5. Initial virtual balance/reset not stated.", "id": "admirals-web-cy", "broker": "Admirals", "entity": "Admirals Europe Ltd", "regions": [ "CY" ], "region": "CY", "regionLabel": "Cyprus", "researchScope": "Cyprus", "platform": "web", "platformLabel": "Admirals Platform / Mobile App (Trade.MT5)", "terms": "Demo results do not guarantee live performance.", "fundingReset": "Not stated", "deposit": "No deposit/live account needed initially; active live account for continued availability.", "devices": "Web; iOS; Android", "forexCoverage": "Forex CFDs; exact demo pair count not stated.", "eligibility": "Site not directed at Belgium residents or jurisdictions where use is unlawful; full demo eligibility list not stated.", "evidenceNote": "Official broker documentation; signup and trading not tested.", "sources": [ "admirals-1", "admirals-2" ], "visit": "admirals-1", "regulation": { "status": "Verified", "entity": "Admirals Europe Ltd", "regulator": "Cyprus Securities and Exchange Commission (CySEC)", "finding": "Current licensed Cypriot investment-firm list matches Admirals Europe Ltd (ex Admiral Markets Cyprus Ltd), licence 201/13, company 310328, approved trade name Admirals.", "scope": "Exact Cyprus entity only. Licence listing is not a guarantee of demo availability or permission to solicit every country.", "sources": [ "admirals-reg-1" ] }, "signupLink": { "kind": "demo-page", "note": "Broker demo page; select your platform to continue.", "status": "Official entry route", "url": "https://admiralmarkets.com/start-trading/forex-demo", "sourceUrl": "https://admiralmarkets.com/start-trading/forex-demo", "checked": "2026-10-13", "tested": false }, "execution": { "scope": "Admirals Europe Ltd, Cyprus; entity-wide order-execution disclosure for the existing MT4/MT5/web records.", "tested": false, "role": { "value": "Agent", "status": "Documented", "note": "Current execution policy §§2.4 and 7.1 expressly state Agent. Its §9.2 calls the policy contractually binding, but current terms §2.7 say it is not part of the agreement and is not contractually binding; that conflict remains unresolved.", "sources": [ "ex-a-admirals-policy", "ex-a-admirals-terms" ], "checked": "2026-10-13" }, "arrangement": { "value": "Orders routed to external execution venues", "status": "Broker-reported", "note": "Policy §§2.4 and 7.2–7.3 describe automatic routing to named external venues, including group companies, and OTC execution. This is the firm's published arrangement, not independent confirmation of actual fills.", "sources": [ "ex-a-admirals-policy" ], "checked": "2026-10-13" }, "demo": { "value": "Requires Verification", "status": "Requires Verification", "note": "The demo entry redirected regionally; current terms recommend a demo but do not establish platform-specific differences in execution, liquidity, charges or margin.", "sources": [ "ex-a-admirals-demo", "ex-a-admirals-terms" ], "checked": "2026-10-13" }, "review": { "checked": "2026-10-13", "outcome": "Reviewed; supported findings in role, arrangement. Remaining uncertainty is recorded per field and scope.", "remainingChecks": [ "Reconcile execution-policy §9.2 with terms §2.7 on binding status, using the current executed agreement or broker clarification.", "Obtain separate MT4, MT5 and web demo limitations covering fills, rejection, slippage, charges and margin; do not use the stale 2019 UK terms PDF with a Cyprus footer." ] } }, "markets": { "scope": "Admirals Europe Ltd · Cyprus · Admirals Platform / Mobile App (Trade.MT5). Market coverage not yet reviewed.", "tested": false, "forexCfd": { "status": "Requires Verification", "note": "Forex CFD demo access has not been established for this entity and platform.", "sources": [], "checked": null }, "cryptoCfd": { "status": "Requires Verification", "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.", "sources": [], "checked": null } }, "api": { "status": "Requires Verification", "type": null, "route": "Not established for this offering", "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.", "requirements": "Confirm the account, platform and regional requirements with the broker.", "sources": [], "docs": [], "checked": null, "tested": false } }, "sources": { "admirals-1": { "id": "ADM-1", "title": "Admirals demo account", "url": "https://admiralmarkets.com/start-trading/forex-demo", "claims": "Demo platforms/devices, account-type dependence, free/no KYC/no deposit, conditional duration, Cyprus entity and Belgium exclusion.", "checked_date": "2026-10-12", "verification": "Official documentation opened; no account test" }, "admirals-2": { "id": "ADM-2", "title": "Admirals forex products", "url": "https://admiralmarkets.com/products/forex", "claims": "Forex CFD offering, MT4/MT5/WebTrader and demo forex practice; no demo-specific pair count.", "checked_date": "2026-10-12", "verification": "Official documentation opened; no account test" }, "admirals-reg-1": { "title": "CySEC — Licensed Cypriot Investment Firms", "url": "https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/?categories=licenced", "evidence": "Exact entity and 201/13 appear in licensed category; licence date 14/06/2013.", "source_date": "Licence date 2013-06-14; list update date not stated; checked 2026-10-12.", "access_note": "Live official list retrieved. Individual detail URL timed out, but the list itself supplied entity, number and licensed category." }, "ex-a-admirals-demo": { "title": "Admirals original demo entry", "url": "https://admiralmarkets.com/start-trading/forex-demo", "owner": "Broker", "checked": "2026-10-13", "locator": "Original catalog URL.", "access": "Redirected to Spanish regional homepage during retrieval; no platform-specific execution comparison recovered." }, "ex-a-admirals-policy": { "title": "Admirals Europe order execution policy, valid 11 December 2025", "url": "https://admiralmarkets.com/cadmin/documents/en/amcy/order_execution_policy_valid_as_of_01092019_en", "owner": "Broker", "checked": "2026-10-13", "locator": "Sections 2.4, 7.1–7.3 and 9.2; current document despite legacy filename.", "access": "Official page/PDF text read through web retrieval on 2026-10-13." }, "ex-a-admirals-terms": { "title": "Admirals Europe current terms and conditions", "url": "https://admiralmarkets.com/cadmin/documents/en/amcy/terms_and_conditions", "owner": "Broker", "checked": "2026-10-13", "locator": "Sections 2.5–2.7 and Schedule 2 demo recommendation; linked as valid 19 December 2025.", "access": "Official page/PDF text read through web retrieval on 2026-10-13." } } }