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Ultima Markets
#19 in our CFD broker rankings
Accepts traders from Malawi
Rating breakdown
- Regulation & trust3.90.7 lower than Vantage (4.6)
- Assets & markets3.60.9 lower than Vantage (4.5)
- Fees & costs3.11.3 lower than Vantage (4.4)
- Platforms & tools4.00.3 lower than Vantage (4.3)
- Accounts & banking3.51.0 lower than Vantage (4.5)
- Education3.40.6 lower than Vantage (4.0)
- Research3.01.0 lower than Vantage (4.0)
- Customer support3.31.1 lower than Vantage (4.4)
Vantage’s score. Numbers show the difference.
Vantage
#14 in our CFD broker rankings
Accepts traders from Malawi
Rating breakdown
- Regulation & trust4.60.7 higher than Ultima Markets (3.9)
- Assets & markets4.50.9 higher than Ultima Markets (3.6)
- Fees & costs4.41.3 higher than Ultima Markets (3.1)
- Platforms & tools4.30.3 higher than Ultima Markets (4.0)
- Accounts & banking4.51.0 higher than Ultima Markets (3.5)
- Education4.00.6 higher than Ultima Markets (3.4)
- Research4.01.0 higher than Ultima Markets (3.0)
- Customer support4.41.1 higher than Ultima Markets (3.3)
Ultima Markets’s score. Numbers show the difference.
| Ultima Markets | Vantage | |
|---|---|---|
| Overview | Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service. | Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools. |
| Customer Reviews | Based on 3 customer reviews | Based on 9 customer reviews |
| Trustpilot Score | ||
| Bonus Offer | 50% Up To $500 On 1st $1,000 Deposit, Then 10% On Subsequent Deposits, Up To $20,000 | 50% Welcome Deposit Bonus, earn redeemable rewards in the Vantage Rewards scheme |
| Promotions | – | |
| Comment by Reviewer | “Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.” | “Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.” |
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| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds |
| Demo Account | Yes | Yes |
| Minimum Deposit | $50 | $50 |
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| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, CySEC, FSCA, FSC | FCA, ASIC, FSCA, VFSC, CIMA |
| Margin Trading | Yes | Yes |
| STP Account | No | Yes |
| ECN Account | Yes | Yes |
| DMA Account | No | No |
| MAM Account | No | Yes |
| PAMM Account | Yes | Yes |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | No | No |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | The Ultima Markets app offers forex trading with fast execution speeds, dynamic charts and risk management tools. The interface is clean with customizable layouts and watchlists. The forex app is available on Apple and Android devices. | Vantage offers one of the most complete trading apps we’ve used, especially following the 2026 enhancements. The crisp design and slick interface makes analyzing markets and placing trades straightforward, especially now that you can view balances across Contract, Copy, and Funding accounts in one screen. Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV. |
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| iOS App Rating | ||
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | Yes |
| Copy Trading Platform | UM Social is a copy trading app and social investing network that's been upgraded with Copy Trading Pro. New users can get started in three steps by downloading the app, choosing a trader to follow and investing funds. Performance metrics are available to help users find the highest-performing traders. | Traders enjoy social and copy trading at Vantage with the MetaTrader packages, DupliTrade, ZuluTrade and Myfxbook. ZuluTrade is one of the best social trading communities, using a sophisticated algorithm to rank top signal providers. |
| Social Trading | Yes | Yes |
| Trade Signals | – | Yes |
| VPS Hosting | Yes | Yes |
| Tournaments | Yes | No |
| Demo Competitions | No | Yes |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $0 |
| Islamic Account | No | Yes |
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| Commodities | ||
| CFD Trading | ||
| Overview | Ultima Markets offers leveraged CFDs on currencies, stocks, indices and commodities. Traders can speculate on rising and falling prices with fast execution speeds and no hidden fees. On the downside, the depth of instruments trails alternatives. | Traders can speculate on 1000+ financial markets with high leverage up to 1:2000 depending on the region. You can bet on rising and falling prices in currencies, commodities, indices, shares, and more without owning the underlying asset. With the comprehensive choice of CFD trading platforms, users can also switch between desktop, web and mobile for a seamless trading experience. |
| Leverage | 1:30 (EU), 1:2000 (RoW) | 1:500 |
| FTSE Spread | NA | 1.0 |
| GBPUSD Spread | 0.6 | 0.5 |
| Oil Spread | 0.3 | 0.01 |
| Stocks Spread | 0.1 | 0.01 |
| Forex Trading | ||
| Overview | Ultima Markets offers 60+ currency pairs, covering majors, minors and some exotics. Forex can be traded 24/5 with deep liquidity while the MetaTrader platforms offer excellent analysis tools for active currency traders. | Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN accounts, alongside a competitive commission that's typically $6.00 round trip per standard lot. There are also no deposit fees or hidden charges. |
| GBPUSD Spread | 0.6 | 0.5 |
| EURUSD Spread | 0.3 | 0.18 |
| EURGBP Spread | 0.6 | 0.5 |
| Assets | 60+ | 55+ |
| Currency Indices | – |
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| Cryptocurrency | ||
| Overview | Crypto trading not offered | You can trade cryptos 24/7, including Bitcoin, with up to 1:200 leverage and zero overnight fees. Various risk management tools are also available, including price alerts and stop losses. The Vantage app also offers an excellent live news feed so you can keep track of the crypto market whilst on the go. |
| Spread | – | Variable |
| Coins | – |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |