From start-up to global broker: Admirals is now 23 years old

Admirals is celebrating its 23rd anniversary as a beacon in the trading industry, having evolved from an FX broker to a multi-asset trading services provider operating across the globe.

Admirals is celebrating its 23rd anniversary as a beacon in the trading industry, having evolved from an FX broker to a multi-asset trading services provider operating across the globe.

Established on March 5, 2001, in Tallinn, Estonia, by Alexander Tsikhilov, Admirals – formerly known as Admiral Markets – has carved a niche for itself in the global financial market. Over the years, it has expanded its services across a wide spectrum of financial instruments, including forex, contracts for difference (CFDs), and stock trading, positioning itself as a trusted platform for traders and investors worldwide.

The brokerage firm has made significant strides in education and technology, incorporating platforms like MetaTrader 4 and MetaTrader 5, and launching its own mobile app to enhance accessibility for traders. Admirals empowers its clients through comprehensive educational resources, including webinars, articles, and online courses.

The brokerage firm has received numerous accolades for its services, financial education initiatives, and as a top broker in various countries. These recognitions reflect the firm’s dedication to providing superior trading experiences, its innovative approach to integrating technology and education, and its commitment to financial security and responsible trading​.

Trading with Admirals comes with several advantages, such as access to over 5,000 trading assets, competitive spreads, and a robust social trading platform. The firm’s regulatory compliance with reputable bodies like the FCA and CySEC ensures a secure trading environment.

Admirals founder Alexander Tsikhilov is now CEO

Recent changes in senior management include the appointment of founder Alexander Tsikhilov as CEO and the addition of specialists to the Supervisory Board, highlighting the company’s commitment to leadership and innovation.

On the occasion of the company’s 23rd anniversary, Tsikhilov emphasized Admirals’ focus on growth through efficiency and adaptability: “As we move ahead our focus remains on driving growth through efficiency and adaptability to ensure that we continue to thrive in this highly evolving and competitive landscape. At the same time, we reaffirm our commitment to pursuing and maintaining a supportive, inclusive, and empowering work environment as a prerequisite for continued business success.”

“The core to achieving our vision is to harness the strength and capabilities of our workforce to accelerate growth and success within our team. This is a major step towards meeting the challenges and seizing the opportunities for continued progress and prosperity.”

Admirals never stops evolving

Financially, Admirals faced challenges in 2023, with a notable decrease in revenue, marking a significant shift from its previously reported growth in 2022. In a bid to enhance its customer service and financial management offerings, Admirals unveiled a redesigned Visa Debit Card in partnership with Solaris.

Further bolstering its service capabilities, Admirals entered into a partnership with Match-Prime to enhance its multi-asset liquidity offerings. Client onboarding of European customers has recently become speedier after a partnership with regtech firm Onfido.

In addition to its Auto-Invest feature, and its recently secured CySEC registration as crypto asset services provider, Admirals has launched the AI-powered analytical Research Terminal for MT4 and MT5 in partnership with Acuity Trading.