Admirals Cancels UAE License as Part of Global Restructuring

Tallinn-based Admirals Group AS has completed the cancellation of its UAE subsidiary's regulatory permission and is proceeding with the sale of its Australian operations, moves that reflect ongoing efforts to refine its worldwide presence.

UAE Entity Completes FSRA License Cancellation

Admirals MENA Limited, the group's UAE subsidiary, has canceled its Financial Services Permission from the Financial Services Regulatory Authority (FSRA), with the revocation taking effect on November 4, 2025. The license previously allowed dealing in investments as principal. The company indicated this step supports a shift in focus toward regions offering greater expansion opportunities.

Australian Subsidiary Set for Sale

Concurrently, Admirals has signed an agreement to transfer its wholly owned Australian subsidiary to an independent buyer. Operating under the Admirals brand as part of the Estonian parent, the entity is being divested to align with the group's strategic geographic priorities. No details on the purchaser or transaction value were provided.

These changes build on a 2023 plan where Admirals intended to merge with its Estonian subsidiary, Admirals Markets AS, and relinquish that entity's investment firm license.

AMTS Solutions Secures Independence Through Buyout

In another shift, AMTS Solutions—a technology provider formerly associated with Admirals—has achieved full autonomy via a management-led acquisition of the majority stake. CEO Dmitry Rannev holds 33%, co-founder Vitaly Myrsikov 5%, and technical director Yuri Kovalenko rounds out the leadership team. Deal finances were not disclosed.

With independence, AMTS aims to diversify its services beyond Admirals, introducing features like a web-based account management application and a liquidity pool under RannForex's FSA license. The company's software continues to handle multiple liquidity connections, varied execution types, risk management, and streamlined order processing, capitalizing on nearly 20 years in the field for broader market appeal.