Comparison of Exness and Ultima Markets
| Feature | Exness | Ultima Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2008 | 2009 |
| Broker Type | MM, STP, ECN | MM, STP, ECN |
| Dealing | A-book, B-book | A-book, B-book |
| Execution | Market | Market |
| Regulation | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FSC, CySEC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:2000 | 1:2000 |
| Minimum Deposit | $10 | $20 |
| Base Currencies | USD, EUR, RUB, GBP, AUD, CHF, JPY, ZAR, NZD, SGD, CAD, HKD, CNY, UAH, MYR, IDR, THB, VND, KWD, AED, HUF, MXN, NGN, JOD, ARS, AZN, BDT, BHD, BND, EGP, BRL, GHS, INR, KES, KRW, KZT, MAD, OMR, PHP, PKR, QAR, SAR, UGX, UZS, XOF, ILS | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money | Bank Wire, Credit Card, Debit Card, Alipay, Bitcoin (BTC), Tether (USDT) |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | £85 000 / €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
| Review | Exness Review | Ultima Markets Review |
About Exness
Exness is a well-established forex and CFD broker that has been serving traders globally since 2008. Renowned for its transparency and client-centric approach, Exness offers a diverse range of trading instruments, including currency pairs, commodities, cryptocurrencies, and indices. The broker is regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC), providing traders with a secure and trustworthy trading environment. One of the key strengths of Exness is its competitive trading conditions. Traders benefit from tight spreads, low commissions, and fast execution speeds, which are crucial for successful trading. Exness provides access to the popular MetaTrader 4 and MetaTrader 5 platforms, catering to both novice and experienced traders with advanced tools and features. The broker also offers responsive customer support available in multiple languages, ensuring assistance is readily available when needed. However, it's important to note that Exness does not accept clients from certain countries due to regulatory restrictions. While the broker offers a solid range of trading instruments, some traders may find the selection less extensive compared to other brokers. Additionally, educational resources and market analysis tools are somewhat limited, which might not fully meet the needs of traders seeking comprehensive educational support.
Pros
- Provides a secure trading environment
- Tight spreads and fast execution
- Suits different trading styles and experience levels
- Access to MT4 and MT5 with advanced features
- Assistance available in multiple languages
- Includes forex, commodities, cryptocurrencies, and indices
Cons
- Does not accept clients from certain countries
- Fewer educational materials compared to some competitors
- Less extensive selection than some other brokers
- No proprietary or alternative platforms offered
About Ultima Markets
Ultima Markets is a reputable Forex broker established with a commitment to providing a comprehensive trading environment for both novice and seasoned traders. Offering a wide range of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies, Ultima Markets ensures diverse trading opportunities. With competitive spreads, flexible leverage options up to 1:2000, and a low minimum deposit requirement, Ultima Markets appeals to a broad spectrum of traders. Additionally, the broker emphasizes security and transparency by being regulated by reputable financial authorities, ensuring that clients' funds are safeguarded. Responsive customer support available 24/5, and advanced trading tools further enhance the trading experience, making Ultima Markets a compelling choice for individuals seeking a reliable and feature-rich Forex brokerage.
Pros
- Offers multiple account options
- Provides access to a variety of financial instruments
- Features competitive spreads and leverage options
- Regulated by reputable financial authorities
- Requires a low minimum deposit
- Compatible with automated trading systems and Expert Advisors (EAs), facilitating algorithmic and high-frequency trading strategies
Cons
- Absence of fixed spread account options could be a drawback for traders who prefer consistent spreads irrespective of market volatility
- Limiting options for traders who prefer other trading platforms like MetaTrader 5 or proprietary alternatives
- Lacks comprehensive educational resources, such as webinars, tutorials, and e-books, which can hinder the learning and development of new traders
Exness & Ultima Markets Regulation
| Feature | Exness | Ultima Markets |
|---|---|---|
Companies | Exness (UK) Ltd, Nymstar Limited, Vlerizo (Pty) Ltd, Tortelo Limited, Venico Capital Limited, Exness (Cy) Ltd, Exness B.V., Tadenex Limited | Ultima Markets Ltd, Ultima Markets Cyprus Ltd |
Countries | United Kingdom, Seychelles, South Africa, Mauritius, British Virgin Islands, Cyprus, Curacao, Kenya | Mauritius, Cyprus |
Regulators | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FSC, CySEC |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 / €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Exness | Ultima Markets |
|---|---|---|
Market Maker Account | ||
| Account Name | Pro | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | No | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 0% | — |
| Margin Call | 30% | — |
STP Account | ||
| Account Name | Standard | Standard |
| Min Deposit | $10 | $50 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.3 | 1 |
| Fee | No | No |
| Max Leverage | 1:2000 | 1:2000 |
| Stop Out | 0% | 20% |
| Margin Call | 60% | 50% |
ECN Account | ||
| Account Name | Raw Spread | ECN |
| Min Deposit | $200 | $50 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0.1 |
| Fee | $7 per 1 lot | $5 per 1 lot |
| Max Leverage | 1:2000 | 1:2000 |
| Stop Out | 0% | 20% |
| Margin Call | 30% | 50% |
Zero Account | ||
| Account Name | Zero | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:2000 | — |
| Stop Out | 0% | — |
| Margin Call | 30% | — |
Cent Account | ||
| Account Name | Standard Cent | Cent Account |
| Min Deposit | $10 | $20 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.3 | 1 |
| Fee | No | No |
| Max Leverage | 1:2000 | 1:2000 |
| Stop Out | 0% | 50% |
| Margin Call | 60% | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Exness | Ultima Markets |
|---|---|---|
Base currencies | USD, EUR, RUB, GBP, AUD, CHF, JPY, ZAR, NZD, SGD, CAD, HKD, CNY, UAH, MYR, IDR, THB, VND, KWD, AED, HUF, MXN, NGN, JOD, ARS, AZN, BDT, BHD, BND, EGP, BRL, GHS, INR, KES, KRW, KZT, MAD, OMR, PHP, PKR, QAR, SAR, UGX, UZS, XOF, ILS | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money | Bank Wire, Credit Card, Debit Card, Alipay, Bitcoin (BTC), Tether (USDT) |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Exness | Ultima Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4) |
Execution Speed | 10 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | Exness | Ultima Markets |
|---|---|---|
Currencies | 95 | 60 |
Indices | 10 | 28 |
Stocks | 98 | 86 |
Cryptocurrencies | 11 | 47 |
Bonds | 0 | 7 |
Metals | 15 | 9 |
Energies | 3 | 7 |
Soft Commodities | 0 | 7 |
ETFs | 0 | 6 |
Education and Analytics
| Feature | Exness | Ultima Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Exness | Ultima Markets |
|---|---|---|
Email | support@exness.com | info@ultimamarkets.com |
Phone | +35725030959 | — |
Telegram | — | Telegram |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Exness and Ultima Markets, Exness comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.