# Admirals — Admirals Platform / Mobile App (Trade.MT5) Cyprus research scope · Admirals Europe Ltd. Documentation reviewed. Reference page: /demo-accounts/admirals-web-cy.html 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. ## Research checked 2026-10-12 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds Not recorded ## Balance qualifications Starting balance not established. ## Expiry category conditional ## Expiry rule Most demos: 30 days. Continued access linked to active live account plus manual demo login at least every 30 days. ## Expiry qualifications ## Evidence category Documentation reviewed ## Signup requirements Dashboard registration; no identity verification for demo. ## Notes and remaining checks Platform availability depends on account type. Proprietary Forex row uses Trade.MT5, not Invest.MT5. Initial virtual balance/reset not stated. ## Record ID admirals-web-cy ## Broker Admirals ## Legal entity Admirals Europe Ltd ## Research region codes - CY ## Research region code CY ## Research region Cyprus ## Research scope Cyprus ## Platform code web ## Platform Admirals Platform / Mobile App (Trade.MT5) ## Documented terms Demo results do not guarantee live performance. ## Balance reset or adjustment Not stated ## Live account or deposit No deposit/live account needed initially; active live account for continued availability. ## Devices Web; iOS; Android ## Forex coverage Forex CFDs; exact demo pair count not stated. ## Eligibility and regional limits Site not directed at Belgium residents or jurisdictions where use is unlawful; full demo eligibility list not stated. ## What the evidence establishes Official broker documentation; signup and trading not tested. ## Supporting sources - [Admirals demo account]() — source ID: admirals-1 - [Admirals Forex products]() — source ID: admirals-2 ## Official information source [Admirals demo account]() ## Entity and regulatory research ### Evidence status Verified ### Legal 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. ### Supporting sources - [CySEC — Licensed Cypriot Investment Firms]() — source ID: admirals-reg-1 ## Official entry route ### Route type demo-page ### Notes and remaining checks Broker demo page; select your platform to continue. ### Evidence status Official entry route ### URL https://admiralmarkets.com/start-trading/Forex-demo ### Route source https://admiralmarkets.com/start-trading/Forex-demo ### Research checked 2026-10-13 ### Testing status Not tested ## Execution and demo realism ### Scope Admirals Europe Ltd, Cyprus; entity-wide order-execution disclosure for the existing MT4/MT5/web records. ### Testing status Not tested ### Contractual role #### Finding Agent #### Evidence status Documented #### Notes and remaining checks 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. #### Supporting sources - [Admirals Europe order execution policy, valid 11 December 2025]() — source ID: ex-a-admirals-policy - [Admirals Europe current terms and conditions]() — source ID: ex-a-admirals-terms #### Research checked 2026-10-13 ### Execution arrangement #### Finding Orders routed to external execution venues #### Evidence status Broker-reported #### Notes and remaining checks 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. #### Supporting sources - [Admirals Europe order execution policy, valid 11 December 2025]() — source ID: ex-a-admirals-policy #### Research checked 2026-10-13 ### Demo realism #### Finding Requires Verification #### Evidence status Requires Verification #### Notes and remaining checks The demo entry redirected regionally; current terms recommend a demo but do not establish platform-specific differences in execution, liquidity, charges or margin. #### Supporting sources - [Admirals original demo entry]() — source ID: ex-a-admirals-demo - [Admirals Europe current terms and conditions]() — source ID: ex-a-admirals-terms #### Research checked 2026-10-13 ### Research review #### Research checked 2026-10-13 #### Review outcome Reviewed; supported findings in role, arrangement. Remaining uncertainty is recorded per field and scope. #### Remaining checks - 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. ## Demo markets ### Scope Admirals Europe Ltd · Cyprus · Admirals Platform / Mobile App (Trade.MT5). Market coverage not yet reviewed. ### Testing status Not tested ### Forex CFDs #### Evidence status Requires Verification #### Notes and remaining checks Forex CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ### Cryptocurrency CFDs #### Evidence status Requires Verification #### Notes and remaining checks Cryptocurrency CFD demo access has not been established for this entity and platform. #### Supporting sources No supporting source recorded for this field. #### Research checked Requires Verification ## API access ### Evidence status Requires Verification ### Type Requires Verification ### Access route Not established for this offering ### Notes and remaining checks 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. ### Supporting sources No supporting source recorded for this field. ### Official documentation No supporting source recorded for this field. ### Research checked Requires Verification ### Testing status Not tested ## Official sources ### Admirals demo account Source ID: admirals-1 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 Forex products Source ID: admirals-2 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 ### CySEC — Licensed Cypriot Investment Firms Source ID: admirals-reg-1 https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/?categories=licenced #### Evidence category 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. #### Source access note Live official list retrieved. Individual detail URL timed out, but the list itself supplied entity, number and licensed category. ### Admirals original demo entry Source ID: ex-a-admirals-demo https://admiralmarkets.com/start-trading/forex-demo #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Original catalog URL. #### Source access note Redirected to Spanish regional homepage during retrieval; no platform-specific execution comparison recovered. ### Admirals Europe order execution policy, valid 11 December 2025 Source ID: ex-a-admirals-policy https://admiralmarkets.com/cadmin/documents/en/amcy/order_execution_policy_valid_as_of_01092019_en #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Sections 2.4, 7.1–7.3 and 9.2; current document despite legacy filename. #### Source access note Official page/PDF text read through web retrieval on 2026-10-13. ### Admirals Europe current terms and conditions Source ID: ex-a-admirals-terms https://admiralmarkets.com/cadmin/documents/en/amcy/terms_and_conditions #### Source owner Broker #### Research checked 2026-10-13 #### Source locator Sections 2.5–2.7 and Schedule 2 demo recommendation; linked as valid 19 December 2025. #### Source access note Official page/PDF text read through web retrieval on 2026-10-13.