AvaTrade vs Ultima Markets Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of AvaTrade and Ultima Markets
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Rating | 4.7/5 | 4.4/5 |
| Foundation Year | 2005 | 2016 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Mauritius, Cyprus |
| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | AvaTrade Review | Ultima Markets Review |
AvaTrade is suitable for traders who value various instruments, copy trading services, and a user-friendly mobile version of trading platforms.
Ultima Markets is suitable for experienced traders and those who use automated strategies. It is less suitable for beginners due to a lack of educational materials.
AvaTrade Review
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
AvaTrade is in the top 10 of the following ratings:
Ultima Markets Review
Ultima Markets is a broker offering a wide range of trading instruments and platforms, making it attractive to various categories of traders. With low trading commissions, user-friendly platforms, and extensive analytical materials, the broker is suitable for experienced traders and those who use automated strategies. However, due to the lack of educational materials, Ultima Markets is less suitable for beginner traders, but it is an excellent choice for anyone who does not require training.
Pros and Cons of Ultima Markets
Pros
- Low trading commissions.
- Coverage of all major trading asset markets.
- Extensive analytical materials and tools.
- Efficient technical support.
Cons
- Lack of educational materials.
- No phone support.
Ultima Markets is in the top 10 of the following ratings:
Reliability
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2005 | 2016 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Mauritius, Cyprus |
| Regulators | Central Bank of Ireland Central Bank of Ireland KNF KNF FCA FCA BVIFSC BVIFSC ASIC ASIC FSCA FSCA JFSA JFSA JFFA JFFA FSRA FSRA ISA ISA CIRO CIRO | FSC FSC CySEC CySEC |
AvaTrade
AvaTrade is regulated in various countries by several leading financial regulators, providing high reliability.
Ultima Markets
Ultima Markets demonstrates high reliability due to multi-tier regulation and client protection through insurance coverage. This makes the broker a safe and trusted partner for traders.
Pros
- Regulation by FSC and CySEC.
- Membership in The Financial Commission.
- Insurance coverage up to $1,000,000 USD.
Cons
- Lack of licenses from stricter regulators such as the FCA or ASIC.
Account Opening
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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AvaTrade
The broker offers clients from different countries a straightforward, convenient, and quick account opening process.
Ultima Markets
The account opening process at Ultima Markets is easy, convenient, and quick, making it attractive for new clients.
Pros
- Simple and fast registration.
- Accessible minimum deposit.
- Verification using standard documents.
Account Types
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Account Types | 3.5/5 | 4.7/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:400 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
AvaTrade
AvaTrade has a decent trading account, but the absence of some critical options may not satisfy all trader needs.
Pros
- A free demo account is available.
- An Islamic account option is provided.
- The ability to copy trades.
Cons
- Lack of market execution of orders.
- No cent accounts.
- No fixed spread accounts.
Ultima Markets
Ultima Markets offers a variety of accounts that meet the needs of different traders, including standard, ECN, cent, and Islamic accounts. However, additional services could make their offering even better.
Pros
- A variety of accounts for different categories of traders.
- Islamic accounts available.
- Own copy trading platform.
Cons
- Lack of fixed spread accounts.
Commissions
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Commissions | 4.5/5 | 5/5 |
| Spread | from 0.6 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1 |
| Commission per Lot | $2.5 |
AvaTrade
AvaTrade offers relatively low commissions with its competitive spreads and no charges for deposits/withdrawals.
Pros
- Low spreads.
- No deposit/withdrawal fees.
Cons
- Inactivity fee.
Ultima Markets
Ultima Markets has low trading commissions, making it attractive for traders. The absence of inactivity fees and withdrawal fees adds to the advantages.
Pros
- Low commissions on ECN account ($5 per lot).
- Tight spreads on standard account.
- No inactivity fees and withdrawal fees.
Deposit and Withdrawal
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Rating | 4.2/5 | 4.5/5 |
| Account Funding Methods |
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AvaTrade
AvaTrade provides flexible and accessible methods for depositing and withdrawing funds, though processing times can be extended.
Pros
- Multiple methods for deposit and withdrawal.
- No commission on deposits and withdrawals.
- AvaTrade covers up to $100 of the bank transfer fee.
Cons
- Long processing time for bank transfers.
Ultima Markets
Ultima Markets offers convenient deposit and withdrawal methods with minimal costs and fast processing time, making the broker attractive for traders.
Pros
- Wide range of deposit and withdrawal methods.
- No withdrawal fees.
Cons
- Withdrawal time up to 5 business days.
Markets and Products
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 53 | 60 |
| Precious Metals | 7 | 9 |
| Energy Carriers | 5 | 7 |
| Soft Commodities | 7 | 7 |
| Indices | 46 | 28 |
| Stocks | 614 | 86 |
| ETF | 61 | 6 |
| Bonds | 2 | 7 |
| Cryptocurrency | 20 | 47 |
AvaTrade
AvaTrade offers various financial instruments, including currency pairs, CFDs, stocks, ETFs, bonds, cryptocurrencies, etc.
Ultima Markets
Ultima Markets provides a wide selection of markets and products, satisfying the needs of most traders.
Pros
- Wide assortment of CFDs.
- Coverage of all major markets.
Cons
- Average number of stock CFDs compared to competitors.
Trading Platforms
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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AvaTrade
AvaTrade provides various trading platforms: MetaTrader 4 and 5, WebTrader, and AvaTradeGO, giving traders flexibility in choosing the right tool for their trading strategies.
Ultima Markets
Ultima Markets' trading platforms are user-friendly and functional, making them an excellent choice for most traders.
Pros
- Support for MT4 with extensive functionality.
- Intuitive mobile application.
Cons
- Limited choice of platforms.
Analytics
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
AvaTrade
The broker provides good market analysis tools.
Pros
- Collaboration with Trading Central.
- Economic calendar.
- Trader's calculator.
Ultima Markets
Ultima Markets possesses excellent analytics and tools, aiding traders in making informed decisions. However, the lack of unique analytical tools and limited number of trading signals slightly lower the rating.
Pros
- Up-to-date market news.
- Expert analysis of popular instruments.
- Economic calendar and trading calculators.
Cons
- Lack of unique analytical tools.
- Limited number of specialized reviews.
Education
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 1/5 |
AvaTrade
AvaTrade offers quality video tutorials and articles for traders of all levels.
Pros
- Quality materials.
- Educational resources available on the AvaTrade site.
Ultima Markets
Ultima Markets offers limited educational materials, which is insufficient for beginner traders. To improve the level of education, webinars, video tutorials, and articles should be added.
Pros
- Unlimited demo account.
Cons
- Absence of webinars and video tutorials.
- Lack of articles and podcasts.
Customer Support
| Broker | AvaTrade | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
| — |
| Social Media |
Whatsapp
Telegram
LinkedIn
Facebook
Twitter
InstagramAvaTrade
The broker's technical support offers various channels of communication and 24/7 availability.
Ultima Markets
Ultima Markets' customer support demonstrates high efficiency and professionalism, providing prompt assistance through various communication channels.
Pros
- 24/7 support.
- High response speed.
- Variety of communication channels (email, chat, Telegram).
Cons
- No phone support.
