eToro vs Ultima Markets Comparison: Which Is Better for Traders?
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 - eToro or Ultima Markets?
Our pick: Ultima Markets
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Ultima Markets looks preferable to eToro.
Ultima Markets scored 4.4/5 and ranks 18 in our all Forex brokers list, whereas eToro has 3.8/5 and ranks 52.
This is not financial advice. See the full comparison below.
Who is eToro suitable for?
eToro may be suitable for beginners looking for a simple platform and interested in copying the trades of successful traders.
Who is Ultima Markets suitable for?
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.
Comparison Table of eToro and Ultima Markets
| Broker | eToro | Ultima Markets |
|---|---|---|
| Rating | 3.8/5 | 4.4/5 |
| Foundation Year | 2006 | 2016 |
| Regulated in Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Mauritius, Cyprus |
| Minimum Deposit |
|
|
| Spread | from 1 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | eToro Review | Ultima Markets Review |
eToro Review
eToro stands out from other brokers due to its unique combination of trading services and social features, making it particularly attractive to traders interested in innovative approaches to investing. Narrow spreads and the ability to buy securities in fractions simplify access to different assets, while the social network allows users to share strategies and copy trades of successful traders, which is a big plus for beginners and those looking for new investment ideas. The simple and intuitive interface makes the platform accessible even for those who are just starting their trading journey.
eToro is best suited for beginner traders who are looking to capitalize on the social aspects of trading and do not require complex individual trading account settings. The platform is also ideal for those looking for an active community to share ideas and strategies.
Pros and Cons of eToro
Pros
- A social network for traders.
- Good selection of trading instruments.
- Fractional shares purchasing.
- Narrow spreads.
Cons
- Only one trading account is available.
- eToro has its own trading platform, but there is no alternative to it.
- Poor customer support performance.
- Delays and hidden fees during fund withdrawal.
eToro 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 | eToro | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2006 | 2016 |
| Regulated in Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Mauritius, Cyprus |
| Regulators | SFSA SFSA FCA FCA CySEC CySEC ASIC ASIC SEC SEC | FSC FSC CySEC CySEC |
eToro
eToro - надежный брокер с регулированием в нескольких странах.
Pros
- Регулируется уважаемыми организациями (CySEC, FCA, ASIC, SEC).
- Глобальное присутствие и разнообразие рынков.
- Лицензии на разные виды деятельности (включая криптовалюту в США).
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 | eToro | Ultima Markets |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
|
|
eToro
Открытие счета в eToro является удобным и простым процессом.
Pros
- Возможность быстрой регистрации через Google.
- Понятная и прозрачная процедура верификации.
Cons
- Высокий минимальный депозит для некоторых стран.
- Верификация может занять до 3 дней.
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 | eToro | Ultima Markets |
|---|---|---|
| Account Types | 2.8/5 | 4.7/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 1 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
eToro
eToro предлагает базовый набор типов счетов, что подойдет для большинства трейдеров, но может не удовлетворить специфические потребности некоторых категорий.
Pros
- Присутствие демо-счета для обучения.
- Исламский счет для соблюдения принципов Шариата.
- Механизм копирования сделок.
Cons
- Нет счетов с фиксированным спредом.
- Отсутствие центовых счетов.
- Не предлагаются ECN или STP счета для прямого доступа к межбанковскому рынку.
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 | eToro | Ultima Markets |
|---|---|---|
| Commissions | 3.5/5 | 5/5 |
| Spread | from 1 points | from 0 points |
| Average Spread (EURUSD) | 1 | |
| Commission per Lot | $2.5 |
eToro
Для торговли eToro предлагает выгодные условия, но трейдерам также следует учитывать не торговые комиссии.
Pros
- Узкие спреды.
Cons
- Ежемесячная плата за неактивность.
- Есть комиссия за вывод средств.
- Невыгодные условия по сравнению с другими брокерами и криптобиржами.
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 | eToro | Ultima Markets |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
| Account Funding Methods |
|
|
eToro
eToro предлагает разнообразные способы пополнения и вывода, но включает комиссии за некоторые операции и валютные конвертации.
Pros
- Много платежных систем для пополнения и вывода средств.
- Отсутствие комиссии за пополнение для многих платежных систем.
Cons
- Комиссия за вывод средств составляет 5 USD.
- Дополнительные затраты на конвертацию валют.
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 | eToro | Ultima Markets |
|---|---|---|
| Markets and Products | 4.5/5 | 4.5/5 |
| Forex | 47 | 60 |
| Precious Metals | 7 | 9 |
| Energy Carriers | 2 | 7 |
| Soft Commodities | 4 | 7 |
| Indices | 13 | 28 |
| Stocks | 2500 | 86 |
| ETF | 250 | 6 |
| Cryptocurrency | 112 | 47 |
| Bonds | - | 7 |
eToro
eToro предлагает доступ к широкому спектру финансовых инструментов, включая акции, ETF, форекс, CFD и криптовалюты, но не обеспечивает полную прозрачность для некоторых операций.
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 | eToro | Ultima Markets |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
| Trading Platforms |
|
|
eToro
Платформы eToro обладают удобным интерфейсом и базовыми торговыми функциями, но имеют ограничения в аналитических инструментах.
Pros
- Платформы доступны в веб-версии и как мобильное приложение.
- Интегрированные функции управления счетом и торговли.
- Возможность копирования сделок.
Cons
- Ограниченный набор индикаторов.
- Возможные расхождения котировок.
- Отсутствие дополнительных торговых платформ.
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 | eToro | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4/5 |
eToro
Брокер предлагает удобные инструменты технического анализа и торговые идеи.
Pros
- Интерактивный график.
- Торговые идеи.
Cons
- Низкое качество новостного потока.
- Ограниченные рекомендации аналитиков.
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 | eToro | Ultima Markets |
|---|---|---|
| Rating | 4.8/5 | 1/5 |
eToro
eToro предлагает широкий набор обучающих материалов, но в основном на английском языке.
Pros
- Широкий спектр обучающих материалов.
- Ежедневный обзор рынка.
- Подробное руководство по финтех-индустрии.
Cons
- Большинство материалов доступны только на английском языке.
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 | eToro | Ultima Markets |
|---|---|---|
| Rating | 2/5 | 4.5/5 |
| Email Support |
|
|
| Hotline Phones |
| — |
| Social Media |
LinkedIn
Twitter
YouTube
Telegram
Facebook
InstagrameToro
eToro предлагает несколько каналов связи с поддержкой, что является плюсом. Однако отзывы пользователей указывают на отсутствие оперативности и эффективности в работе службы поддержки.
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 eToro and Ultima Markets with other brokers
Conclusion
Ultima Markets stands out as the better overall pick, while eToro trails on aggregate criteria.
Ultima Markets scored 4.4/5 and ranks 18 in our rating; eToro has 3.8/5 and ranks 52.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: eToro or Ultima Markets?
Ultima Markets comes out ahead by overall rank (score 4.4/5, position 18) versus eToro (score 3.8/5, position 52).
Which broker is better for beginners: eToro or Ultima Markets?
Ultima Markets is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — eToro 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 eToro and Ultima Markets?
eToro: eToro. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with eToro and Ultima Markets?
eToro: 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 eToro and Ultima Markets?
eToro: —. 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 eToro and Ultima Markets?
eToro: PayPal, Neteller, Skrill, Klarna, Rapid Transfer, Sofort, Swift, Visa, Mastercard, Trustly, POLi. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — eToro 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.
