Admirals Exits UAE and Australia as Group Refocuses Global Strategy

Admirals Group AS, the Estonia-based parent company behind the Admirals brokerage brand, is streamlining its international operations by withdrawing from the United Arab Emirates and selling its Australian subsidiary. The restructuring aligns with Admirals’ goal to concentrate on markets with stronger growth potential.

UAE License Cancellation Approved

Admirals confirmed that its Dubai-based unit, Admirals MENA Limited, has voluntarily cancelled its Financial Services Permission (FSP) issued by the Financial Services Regulatory Authority (FSRA) within Abu Dhabi Global Market (ADGM).

The permission, which covered Dealing in Investments as Principal, was officially revoked on 4 November 2025 following regulatory approval.

According to the group, the decision forms part of a broader optimisation plan to streamline regional focus and reallocate resources. Admirals previously initiated similar steps in 2023, when it announced the merger of its Estonian entity, Admirals Markets AS, and the withdrawal of its local investment company licence.

Australian Subsidiary Sold to Unrelated Party

In a parallel move, Admirals has entered into an agreement to sell its Australian subsidiary to an independent, unrelated party. The company did not disclose financial details but confirmed that the divestment is part of a long-term plan to reduce regulatory overlap and focus on key markets under its European and offshore operations.

The Australian branch, which had operated under full local regulation, was a wholly owned subsidiary of Admirals Group AS. Its sale marks another step in the broker’s post-pandemic consolidation strategy.

AMTS Solutions Management Takes Majority Control

In related developments, AMTS Solutions, a long-term technology partner of Admirals, has undergone a management buyout. Founders Dmitry Rannev, Vitaly Myrsikov, and Yuri Kovalenko have acquired a majority stake, gaining full operational control.

Rannev now holds 33 %, Myrsikov 5 %, and the rest is distributed among management and minor shareholders. The deal’s financial terms were not revealed.

Under the new structure, AMTS will expand beyond Admirals’ ecosystem, targeting a wider client base of brokers and liquidity providers. Key projects include:

• A new web application for broker account management;
• An aggregated liquidity pool operating under RannForex’s FSA licence;
• Ongoing development of multi-LP connectivity, execution models, and risk-management systems.

With nearly two decades in trading-tech innovation, AMTS aims to strengthen its position as an independent liquidity and technology solutions provider.

Industry Context

Admirals’ recent actions follow a broader trend among mid-tier global brokers to consolidate operations and exit smaller, high-cost regulatory regions. The company’s focus now appears to be shifting toward Europe and select offshore jurisdictions, where it can leverage digital infrastructure and regulatory flexibility.

In a contrasting move to Admirals’ regional withdrawal, OneRoyal has expanded its presence in the Middle East with the opening of a new office in Muscat, Oman, extending its MENA footprint beyond the UAE. The new branch will serve as a strategic hub for client support and regional partnerships, underscoring OneRoyal’s commitment to on-the-ground growth in high-potential Gulf markets. Read more about OneRoyal’s Oman expansion here.