Eightcap vs Ultima Markets Comparison
Compare trading conditions, commissions and platforms of Forex brokers Eightcap and Ultima Markets. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Eightcap or Ultima Markets?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
Eightcap
- Minimum deposit · USD
- 100 USD
- Different platforms
- MetaTrader 5
- TradingView
- Different markets
- None listed
Ultima Markets
- Minimum deposit · USD
- 50 USD
- Different platforms
- WebTrader
- Different markets
- Bonds
Comparison Table of Eightcap and Ultima Markets
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Foundation Year | 2015 | 2016 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | Mauritius, Cyprus |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
Eightcap Review
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
Eightcap 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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2015 | 2016 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | Mauritius, Cyprus |
| Regulators |
Eightcap
Eightcap demonstrates a high level of reliability thanks to licenses from ASIC, FCA, CySEC, and SCB, as well as segregated accounts, ensuring transparency and client protection.
Pros
- Regulated by multiple reputable authorities
- Segregated client accounts
- International presence
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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Eightcap
Opening an account with Eightcap is fast and convenient: registration takes a few minutes, and verification is completed within a day.
Pros
- Fast online registration
- Convenient login via Google/Facebook
- Low minimum deposit
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Account Types | 3/5 | 4.7/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | No | Yes |
Eightcap
Eightcap's account types cover traders' basic needs, offering a choice between Standard and Raw, but there are no cent, Islamic, or passive trading accounts.
Pros
- Conditions for beginners and pros
Cons
- No cent accounts
- No Islamic accounts
- No copy trading/PAMM
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Commissions | 4/5 | 5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.1 | 1 |
| Commission | per 1 lot$3.50 | per 1 lot$2.50 |
Eightcap
Eightcap's fees are competitive: low spreads, an average commission on Raw, and no hidden charges make trading transparent and convenient.
Pros
- No inactivity fee
- Free deposits and withdrawals
- Tight spreads
Cons
- Market-average per-lot commission on the Raw account
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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Eightcap
Eightcap provides convenient and fast money operations: fee-free deposits, quick withdrawals, and a wide choice of methods make the process simple and accessible.
Pros
- Fee-free deposits
- Fast withdrawals
- Support for cards, e-wallets, and cryptocurrencies
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 57 | 60 |
| Precious Metals | 13 | 9 |
| Energy Carriers | 3 | 7 |
| Soft Commodities | 6 | 7 |
| Indices | 21 | 28 |
| Stocks | 505 | 86 |
| ETF | 36 | 6 |
| Cryptocurrency | 163 | 47 |
| Bonds | - | 7 |
Eightcap
Eightcap offers a wide range of markets—from Forex and commodities to ETFs and 160+ cryptocurrencies—making the broker attractive for active traders.
Pros
- Wide range of assets
- Over 160 cryptocurrency CFDs
- Support for CFDs on stocks, ETFs, and indices
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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Eightcap
Eightcap offers convenient platforms MT4, MT5, and TradingView, combining proven functionality with modern analysis tools.
Pros
- Support for MT4 and MT5
- Integration with TradingView
- Mobile and web versions
Cons
- No proprietary platform
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4/5 |
Eightcap
Eightcap's analytics combine innovation (AI calendar, FlashTrader) and insights, but in terms of the volume of expert reviews, it lags behind market leaders.
Pros
- AI economic calendar
- FlashTrader for MT5
- Trade Zone with forecasts
Cons
- Limited analytics coverage
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 1/5 |
Eightcap
Eightcap's educational materials cover the basics and strategies, offering articles, e-books, webinars, and video lessons, but lag behind market leaders in depth.
Pros
- Variety of formats
- Practical strategies
Cons
- No step-by-step courses
- No podcasts or interactive quizzes
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
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| Broker | Eightcap | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support | ||
| Hotline Phones | — | |
| Social Media |
Eightcap
Eightcap's support is efficient and available 24/5: quick responses in chat and the professionalism of specialists make it a reliable tool for clients.
Pros
- 24/5 live chat
- Local contacts
- Qualified support
Cons
- Sometimes standard responses during peak hours
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.
Comparisons of Eightcap and Ultima Markets with other brokers
Conclusion
When choosing between Eightcap and Ultima Markets, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: Eightcap or Ultima Markets?
Eightcap ranks higher than Ultima Markets in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: Eightcap or Ultima Markets?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Eightcap or Ultima Markets?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Eightcap and Ultima Markets?
Eightcap: MetaTrader 4, MetaTrader 5, TradingView. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with Eightcap and Ultima Markets?
Eightcap: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Ultima Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Eightcap and Ultima Markets?
Eightcap: Standard, Raw. Ultima Markets: Standard, ECN, Standard Cent Account, ECN Cent Account. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Eightcap and Ultima Markets?
Eightcap: PayPal, Bpay, Skrill, Neteller, Interac, FasaPay, Dragonpay, Bank Transfer, Visa, Mastercard, UnionPay. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — Eightcap or Ultima Markets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
