Comparison of FxPro and Ultima Markets
| Feature | FxPro | Ultima Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2009 |
| Broker Type | STP, MM | MM, STP, ECN |
| Dealing | A-book, B-book | A-book, B-book |
| Execution | Instant, Market | Market |
| Regulation | FCA, CySEC, FSCA, SCB | FSC, CySEC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 4 (MT4) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:2000 |
| Minimum Deposit | $1 | $20 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, PLN | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) | Bank Wire, Credit Card, Debit Card, Alipay, Bitcoin (BTC), Tether (USDT) |
| Inactivity Fee | $10 after 6 months | ✖ |
| 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, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
| Review | FxPro Review | Ultima Markets Review |
About FxPro
FxPro is a well-established forex and CFD broker that has been serving traders since 2006. Headquartered in the UK, the company has expanded its reach to over 170 countries, catering to both retail and institutional clients. FxPro offers access to a wide range of markets, including forex, shares, indices, metals, energies, and cryptocurrencies, through multiple trading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge. Regulated by top-tier financial authorities like the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa, FxPro emphasizes security and transparency. The broker provides competitive spreads, fast execution speeds, and a variety of account types to suit different trading strategies. Additionally, FxPro offers comprehensive educational resources and market analysis tools to support traders at all levels.
Pros
- Regulated by multiple reputable authorities (FCA, CySEC, FSCA)
- Offers a wide range of trading instruments across various asset classes
- Provides multiple trading platforms (MT4, MT5, cTrader, FxPro Edge)
- Competitive spreads with fast execution speeds
- Negative balance protection and segregated client funds
- Extensive educational resources and market analysis tools
- Multilingual customer support available 24/5
Cons
- Limited promotions or bonus offerings
- Inactivity fees may apply to dormant accounts
- Customer support is not available on weekends
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
FxPro & Ultima Markets Regulation
| Feature | FxPro | Ultima Markets |
|---|---|---|
Companies | FXPRO UK Limited, FXPRO Financial Services Ltd, FXPRO Financial Services Ltd, FxPro Global Markets Ltd | Ultima Markets Ltd, Ultima Markets Cyprus Ltd |
Countries | United Kingdom, Cyprus, Bahamas | Mauritius, Cyprus |
Regulators | FCA, CySEC, FSCA, SCB | 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 | FxPro | Ultima Markets |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.2 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 25% | — |
STP Account | ||
| Account Name | Raw+ | Standard |
| Min Deposit | $250 | $50 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 1 |
| Fee | $7 per 1 lot | No |
| Max Leverage | 1:500 | 1:2000 |
| Stop Out | 20% | 20% |
| Margin Call | 25% | 50% |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $50 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.1 |
| Fee | — | $5 per 1 lot |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
Cent Account | ||
| Account Name | — | Cent Account |
| Min Deposit | — | $20 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 50% |
| Margin Call | — | 80% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FxPro | Ultima Markets |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, ZAR, PLN | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, PayPal, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), USD Coin (USDC) | Bank Wire, Credit Card, Debit Card, Alipay, Bitcoin (BTC), Tether (USDT) |
Inactivity fee | $10 after 6 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FxPro | Ultima Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 4 (MT4) |
Execution Speed | 14 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | FxPro | Ultima Markets |
|---|---|---|
Currencies | 69 | 60 |
Indices | 29 | 28 |
Stocks | 1971 | 86 |
Cryptocurrencies | 28 | 47 |
Bonds | 0 | 7 |
Metals | 13 | 9 |
Energies | 6 | 7 |
Soft Commodities | 7 | 7 |
ETFs | 0 | 6 |
Education and Analytics
| Feature | FxPro | Ultima Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FxPro | Ultima Markets |
|---|---|---|
Email | support@fxpro.com | info@ultimamarkets.com |
Phone | +4402031515550 | — |
Telegram | Telegram | Telegram |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing FxPro and Ultima Markets, FxPro 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.
More Comparisons
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Ultima Markets Comparisons
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.