Admirals announces restructure and withdrawal of Estonian license

Admirals Group AS, the parent company of Admirals, a brokerage specializing in FX/CFDs, is preparing to merge with its Estonian subsidiary, Admirals Markets AS, in the first half of next year. The company plans revoke the subsidiary’s investment company license in Estonia by the second half of this year, potentially by August, in order to achieve the consolidation.

Global consolidation

The company announced its plan of restructuring as a strategic move to enhance the global presence of the Group.

At present, the Estonia-headquartered Group maintains operations in 18 countries and serves clients from over 145 nations. Offering a range of services such as forex, contracts for difference, and stock trading, the company holds licenses in multiple jurisdictions, including the UK, Australia, Canada, Cyprus, and South Africa.

Admirals stated:

The restructuring stems from the fundamental necessity and choice to expand the Group’s presence globally, as the Company has substantially positioned itself in new regions during recent years. The on-going change shall have no impact on the existing Group’s clients.

Albeit the restructuring, Estonia remains the Company’s strategic location. The Company continues to be headquartered in Tallinn, Estonia with more than 100 employees.

Additionally, Admirals emphasized that its lending platform, MoneyZen, which operates under the regulation of the Estonian Financial Supervision and Resolution Authority, will continue to support its existing presence in Estonia.


Further, Admirals Group also announced plans to repurchase 18,268 Tier 2 bonds issued on 28 December 2017, worth €1.9 million from its investors.

According to the conditions of the buyback, the purchase price for €104.53 per bond. The company also noted that the bonds are free of any encumbrances with third party rights.

Admirals detailed that the bond transaction is scheduled for a value date of 7 June 2023, or a date in close proximity. The buyback offer exclusively targets existing bond investors of Admiral Markets AS.

© 2007 – 2024 Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. This site will not be held liable for any loss or damage in result from using the information within the site including forex Broker reviews 2024, market analysis, trading signals, learning resources and comparison tables. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Currency trading is not suitable for all investors. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite. While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice.