Which broker is better for Malta traders in 2026? Expert analysis across 12 categories.
For Malta-based retail traders, choosing between Admirals and FxPro is a common dilemma. Both brokers are regulated by the Malta Financial Services Authority (MFSA), ensuring a high level of investor protection and compliance with EU financial regulations. Admirals, founded in 2001, is known for its comprehensive educational resources and competitive spreads, while FxPro, established in 2006, excels in execution speed and a wide range of trading instruments. Malta traders benefit from local payment options including Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits and withdrawals seamless. This comparison evaluates key factors such as trading costs, platforms, regulation, and customer support tailored to the needs of Maltese retail traders in 2026.
| Instrument | Admirals | FxPro | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FxPro |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FxPro |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FxPro |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FxPro |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $1 | $100 | Admirals |
For Malta traders, trading costs are a critical factor. Admirals offers the Razor account with spreads from 0.5 pips on EUR/USD, with a commission of $3 per lot round turn. FxPro’s Raw account provides spreads from 0.6 pips with a $4.5 commission per lot. On standard accounts, Admirals has spreads from 1.2 pips with no commission, while FxPro’s Standard account starts at 1.4 pips. For Maltese retail traders trading 10 lots per month, Admirals can save approximately $15-20 in costs compared to FxPro. Both brokers offer negative balance protection as required by the MFSA.
| Account Type | Admirals | FxPro |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| Min deposit | $1 | $100 |
| Entity / Asset | Admirals | FxPro |
|---|---|---|
| Malta (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | Admirals | FxPro | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | Admirals |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | Admirals |
| Crypto CFDs | 30+ | 20+ | Admirals |
| Stocks / Share CFDs | 1,000+ | 1,700+ | FxPro |
| ETFs | ✓ | ✗ | Tie |
| Platform | Admirals | FxPro |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✓ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both brokers provide MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among Malta traders for their advanced charting and automated trading capabilities. Admirals also offers its proprietary WebTrader and a mobile app with integrated news and analysis, beneficial for local traders who want all-in-one access. FxPro provides cTrader alongside MT4/MT5, which offers advanced order management and depth of market – ideal for active Maltese scalpers. Both platforms are available in English and support local time zones.
| Factor | Admirals | FxPro | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FxPro |
| Avg execution speed | ~30ms | ~40ms | Admirals |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
FxPro is known for its superior execution speed, with an average of 12 milliseconds on its Raw account, making it ideal for Malta scalpers. Admirals offers execution under 30 milliseconds, which is still competitive for most retail traders. Both brokers use No Dealing Desk (NDD) execution on their raw/razor accounts, ensuring minimal slippage. For Maltese traders trading volatile instruments, FxPro’s faster execution reduces requote risk.
| Safety Factor | Admirals | FxPro |
|---|---|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both Admirals and FxPro are regulated by the Malta Financial Services Authority (MFSA), the local financial regulator. This means Malta traders are protected under MiFID II, including segregation of client funds, negative balance protection, and access to the Malta Financial Ombudsman for dispute resolution. Admirals is also regulated by the FCA and CySEC, while FxPro holds licenses from the FCA, FSCA, and others. For Malta residents, the MFSA oversight ensures a high standard of financial security and transparency, making both brokers trustworthy choices.
| Payment Method | Admirals | FxPro |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✗ | ✗ |
| Withdrawal time | e-wallets take instant to 1 business day, credit/debit cards take 1 business day, and bank transfers take 1 to 3 business days. | 1 business day |
Malta traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT TRC20 at both Admirals and FxPro. Bank Transfers are free but take 1-2 business days, while e-wallets like Skrill and Neteller are instant and also free. USDT TRC20 deposits are processed within minutes, with no fees from either broker. Admirals also accepts VISA, Mastercard, and PayPal, while FxPro adds Apple Pay. Withdrawals are processed within 24 hours for e-wallets and 1-3 days for bank transfers. Both brokers do not charge withdrawal fees, but third-party bank fees may apply. Minimum deposits are $100 at Admirals and $100 at FxPro.
| Islamic Account Feature | Admirals | FxPro |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
For Muslim traders in Malta, both Admirals and FxPro offer Islamic (swap-free) accounts that comply with Sharia law by eliminating overnight interest charges. Admirals provides swap-free accounts upon request for all account types, with no additional fees, but the account may be limited to certain instruments. FxPro offers Islamic accounts on its Standard and Raw accounts, requiring a simple declaration of faith. Both brokers ensure that Malta-based Muslim traders can trade ethically without interest charges, though swap-free accounts may have a holding period restriction, typically 10-14 days.
| Support Feature | Admirals | FxPro | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | Admirals |
Admirals offers customer support via live chat, email, and phone, with Maltese language support available during business hours. FxPro provides 24/5 support in English, with phone and live chat, but no dedicated Maltese language line. Both brokers have local Malta phone numbers, but Admirals has a slight edge for Maltese-speaking traders. Response times are under 2 minutes for live chat at both brokers.
| Mobile Feature | Admirals | FxPro | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | Admirals |
| Google Play rating | 4.3 stars | 4.2 stars | Admirals |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Resource | Admirals | FxPro | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | Admirals |
Choose Admirals if you...
Choose FxPro if you...
Both Admirals and FxPro are excellent choices for Malta traders, scoring 4.1/5. Admirals is the better option for cost-conscious traders who want lower spreads and comprehensive educational support, along with Maltese language assistance. FxPro excels in execution speed and platform variety, particularly for active scalpers. For Malta residents using local payment methods like Bank Transfer, Skrill, Neteller, or USDT TRC20, both brokers offer seamless deposits and withdrawals. Ultimately, your choice depends on whether you prioritize lower trading costs (Admirals) or faster execution and instrument diversity (FxPro). Both are fully regulated by the MFSA, ensuring a secure trading environment for Maltese retail traders in 2026.