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Admirals in Kenya — review, licence and costs
Cost calculator (median of 36 priced of 55)
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%70
- Round-turn cost20%95
- Safety20%60
- Payouts15%40
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Historically Admirals KE Ltd (CMA Kenya); by March 2026 onboarding redirected to offshore Admirals SC Ltd (Seychelles).
- Founded
- 2001
- Retail leverage
- 500 group
- Round turn
- 6 USDKE
- Currencies
- USD, EUR, GBP; KES account not verified at review.
- Swap-free account
- yes
"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.
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 Kenya residents
- Historically Admirals KE Ltd (CMA Kenya); by March 2026 onboarding redirected to offshore Admirals SC Ltd (Seychelles).
- Local standing
- Local CMA licence exists but reported onboarding shift to Seychelles by March 2026.
- Licence as the register states it
- Kenya CMA non-dealing online FX licence No. 178 (Admirals KE Ltd); new sign-ups routed to Seychelles FSA SD073.
- Leverage for this entity
- Up to 1:500 (offshore); CMA-entity limits not verified at review.
- The firm behind it
- Founded 2001 in Tallinn, Estonia; obtained Kenya CMA licence in 2022; group holds FCA UK, CySEC, ASIC, EFSA Estonia, FSCA, Seychelles FSA licences.
- What we hold against it
- Locally licensed by CMA; reported 2026 shift of onboarding to Seychelles; FCA/CySEC clone-site warnings exist.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Kenyan residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youLocal CMA licence exists but reported onboarding shift to Seychelles by March 2026.
- 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 Kenya market median(priced from 36 of 55)
Medians run over the 36 of 55 brokers that publish a price for Kenya, 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 (min USD 100), Zero.MT5 (min USD 25), Invest.MT5. 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.
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Taxes for a Kenyan resident(1 rule)
- Forex/CFD profit treated as ordinary income for most retail traders (not capital gains), added to taxable income, taxed on graduated bands roughly 10% up to a top marginal rate of 35% (as of the review;https://admirals.group
Not tax advice. Check with the Kenya Revenue Authority.
Deposit and withdrawal methods (5 methods · 0 local rails)
Bank wire, Visa/Mastercard, Skrill, Neteller;
- Bank wire
- Visa
- Mastercard
- Skrill
- Neteller
- Account currency
- USD, EUR, GBP; KES account not verified at review.
- 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 | — | 0.5 |
| MT5 | — | 0.5 |
| Admirals mobile app | — | 0.5 |
| All instruments | 6000+ | — |
71 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 65 more.
Identical for every row: Leverage 500 KE.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | 75 |
Share of reviewers in Kenya: — The platform does not publish it.
Pros and cons(5 for and 4 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the Kenya median 7
- Locally authorised, licence 178, read on 09.07.2026
- Swap-free account available
- Track record 100 of 100, its strongest of 6 scored axes
- 3 platforms: MT4, MT5, Admirals mobile app
- A regulator warning is on file against this broker
- Withdrawal in 72 h, over the Kenya median 48
- The published 1:500 comes from the group's offshore entity, not from the Kenya one
- Payouts 40 of 100, its weakest of 6 scored axes
Alternatives in Kenya(6 of 55 scored in Kenya)
- Round turn, USD
- 6KE
- Min deposit, USD
- 0 groupKE
- Leverage
- 2000 group
- Rank in this country
- #2
- Round turn, USD
- 7KE
- Min deposit, USD
- 20 groupKE
- Leverage
- 200KE
- Rank in this country
- #3
- Round turn, USD
- 7KE
- Min deposit, USD
- 10KE
- Leverage
- 400KE
- Rank in this country
- #4
- Round turn, USD
- 7KE
- Min deposit, USD
- 5KE
- Leverage
- 400KE
- Rank in this country
- #6
- Round turn, USD
- 5KE
- Min deposit, USD
- 50KE
- Leverage
- 500KE
- Rank in this country
- #9
- Round turn, USD
- 6KE
- Min deposit, USD
- 10 groupKE
- Leverage
- 3000KE
- Rank in this country
- #14
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 Kenya score. Full methodology
| Axis | Weight | What is measured | Admirals |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 70 |
| 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 | 60 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 40 |
| 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 |
Where Admirals sits in the Kenya base(55 brokers)
Round-turn cost, USD (36 of 55 priced)
Median 7 USD · range 3-23 · this broker 6 USD · 19 of 55 brokers do not publish it
Minimum deposit, USD (27 of 55 priced)
Median 25 USD · range 0-2500 · this broker 25 USD · 28 of 55 brokers do not publish it
Retail leverage (29 of 55 with a Kenya figure)
Median 1:500 · range 30-5000 · this broker 1:500 · 26 of 55 brokers do not publish it
Withdrawal time published (55 brokers)
FAQ
- Does Admirals accept residents of Kenya?
- Yes. Local CMA licence exists but reported onboarding shift to Seychelles by March 2026. Onboarding entity: Historically Admirals KE Ltd (CMA Kenya); by March 2026 onboarding redirected to offshore Admirals SC Ltd (Seychelles).
- Is Admirals licensed to serve clients in Kenya?
- Kenya CMA non-dealing online FX licence No. 178 (Admirals KE Ltd); new sign-ups routed to Seychelles FSA SD073. 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 Kenya is 7.0 USD.
- What leverage does Admirals offer to retail clients in Kenya?
- Up to 1:500. Up to 1:500 (offshore); CMA-entity limits not verified at review.
- 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 Kenya?
- Bank wire, Visa/Mastercard, Skrill, Neteller; M-Pesa availability not verified at review.
- What account types does Admirals offer?
- Trade.MT5 (min USD 100), Zero.MT5 (min USD 25), Invest.MT5.
- Does Admirals offer a swap-free (Islamic) account?
- Yes. Admirals offers a swap-free (Islamic) account to Kenya residents.