Admirals and TPFx meet as regulators, costs, and platforms shape the choice. The tension: a vast instrument universe and strong oversight versus domestic access and a proprietary platform.
Admirals scores higher overall (4.3/5 vs 3.7/5) than TPFx, driven by stronger regulation and broader instrument access.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Admirals offers tighter spreads from 0.50 pips vs 1.50 pips for TPFx, reducing trading costs.
| Editorial score | 4.3/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 3.7 / 5 |
Pros
Extensive range of accounts including Zero, Trade, and Invest
Strong FCA and CySEC regulation covering EU and UK traders
High-quality educational content including live webinars
Zero account offers spreads from 0.5 pips with $6 round-turn commission
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Admirals | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
Admirals rates 4.3/5 versus 3.7/5 for TPFx. Admirals edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Admirals starts from 0.5 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
TPFx has $60, while Admirals requires at least $100. This makes TPFx more accessible for traders with limited starting capital.
Admirals holds top-tier regulation (FCA, ASIC, CySEC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: TPFx requires a lower minimum deposit ($60), lowering the barrier to entry, and Admirals provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
Admirals lists maximum leverage of 500:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Admirals charges $6 per lot on commission-based accounts. Commission details for TPFx are not currently available. Check their website for up-to-date pricing.
Admirals supports MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. Admirals has exclusive access to MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
Admirals wins for safety and regulation with FCA, ASIC, CySEC oversight and segregated client funds.
Admirals offers spreads from 0.5 pips, appealing to active traders.
Admirals is better suited for scalpers: tighter spreads from 0.50 pips.
TPFx offers MT5 and a proprietary platform, widening platform choice.
Admirals is best for beginners thanks to extensive educational content.
Admirals leads instrument variety with 8000 instruments.
Fees & Spreads 30% weight | 4.4 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2001 | 2010 |
|---|
| Headquarters | Tallinn, Estonia | Jakarta, Indonesia |
|---|
| Min Deposit | $100 | $60▼ lower |
|---|
| Spreads From | 0.5 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 1.1 pips | N/A |
| Max Leverage | 500:1▲ higher | 100:1 |
|---|
| Inactivity Fee | $10/month (after 24 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA ASIC CySEC KNF | BAPPEBTI OJK |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Platform-heavy, MT4 and MT5 only, no proprietary platform
Customer support quality varies by region
Not available to US clients
Inactivity fee applies
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker