FXGlory vs Ultima Markets Comparison
Compare trading conditions, commissions and platforms of Forex brokers FXGlory 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 - FXGlory 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 FXGlory.
Ultima Markets scored 4.4/5 and ranks 19 in our all Forex brokers list, whereas FXGlory has 3.2/5 and ranks 69.
This is not financial advice. See the full comparison below.
Who is FXGlory suitable for?
FXGlory may suit experienced Forex traders who use MetaTrader and are prepared to accept the risks of trading without reliable regulation.
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 FXGlory and Ultima Markets
| Broker | FXGlory | Ultima Markets |
|---|---|---|
| Rating | 3.2/5 | 4.4/5 |
| Foundation Year | 2011 | 2016 |
| Regulated in Countries | — | Mauritius, Cyprus |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:3000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXGlory Review | Ultima Markets Review |
FXGlory Review
FXGlory may suit traders who value a low entry threshold, fixed spreads, no swaps on most accounts, and access to MetaTrader 4 and MetaTrader 5. The broker focuses primarily on trading currency pairs, metals, and cryptocurrencies. It may be considered by experienced traders who understand the risks of high leverage and are prepared to work with a company that lacks comprehensive financial regulation.
Pros and Cons of FXGlory
Pros
- Minimum deposit from $1.
- MetaTrader 4, MetaTrader 5, and GloryTrader are available.
- No swaps on most accounts.
- A demo account and free VPS are available subject to meeting the requirements.
Cons
- No financial regulator license.
- Spreads on the Standard account are above average.
- High withdrawal fees.
- The ECN account commission is not disclosed.
- Limited selection of trading instruments.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Reliability | 2.2/5 | 4.4/5 |
| Foundation Year | 2011 | 2016 |
| Regulated in Countries | - | Mauritius, Cyprus |
| Regulators | - |
FXGlory
FXGlory operates without a financial regulator license, and the company's registration in Saint Lucia does not provide clients with full legal or compensation protection.
Pros
- Long track record in the market — since 2011.
- Claims to use measures to protect data and trading accounts.
Cons
- No financial regulator license.
- No participation in a compensation fund.
- The company's legal status raises concerns.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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|
FXGlory
Opening an FXGlory account is completed online and does not require complicated steps. The minimum deposit starts at $1, although full verification is required for withdrawals, and the base currency is limited to the US dollar.
Pros
- Fully online registration.
- Minimum deposit from $1.
Cons
- The only base currency is USD.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Account Types | 4/5 | 4.7/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:3000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXGlory
FXGlory's account range is suitable for traders of different experience levels, with accounts available from a $1 deposit, various spreads, and swap-free terms.
Pros
- Minimum deposit from $1.
- Wide selection of trading accounts.
- Demo and swap-free accounts are available.
Cons
- The exact ECN commission is not specified.
- High deposit requirements for Pro, ECN, and VIP.
- The account selection depends on the region.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Commissions | 2/5 | 5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1 | |
| Commission | per 1 lot$6.00 | per 1 lot$2.50 |
FXGlory
FXGlory's fees are above average: the fixed EUR/USD spread is 2 pips, withdrawals are expensive, and the ECN account rate is not disclosed. The absence of swaps partly offsets the costs.
Pros
- No swaps on most accounts.
Cons
- High fixed spreads.
- Significant withdrawal fees.
- Unknown ECN account commission.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Rating | 3.5/5 | 4.5/5 |
| Account Funding Methods |
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FXGlory
FXGlory offers many deposit and withdrawal methods, and deposits are generally credited quickly and without fees. However, withdrawals may involve high charges, delays, and varying terms.
Pros
- Wide selection of payment methods.
- No deposit fees.
- Fast processing of electronic payments.
Cons
- High withdrawal fees.
- Slow withdrawals to cards and bank accounts.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Markets and Products | 2/5 | 4.5/5 |
| Forex | 38 | 60 |
| Precious Metals | 6 | 9 |
| Cryptocurrency | 6 | 47 |
| Energy Carriers | - | 7 |
| Soft Commodities | - | 7 |
| Indices | - | 28 |
| Stocks | - | 86 |
| ETF | - | 6 |
| Bonds | - | 7 |
FXGlory
FXGlory's offering is limited to currency pairs, metals, and cryptocurrencies. The broker may suit Forex trading, but the lack of stocks, indices, ETFs, and bonds reduces diversification opportunities.
Pros
- 38 currency pairs.
Cons
- No stocks or indices.
- No ETFs or bonds.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FXGlory
FXGlory offers a convenient selection of platforms: MT4, MT5, and the GloryTrader web terminal. Mobile trading, analysis, and Expert Advisors are available.
Pros
- MT4 and MT5 are available.
- Web and mobile versions are available.
- Automated trading is supported.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Rating | 3.5/5 | 4/5 |
FXGlory
FXGlory's analysis is suitable for basic market assessment: TradingView charts, a calendar, and individual forecasts are available. However, materials are published irregularly, and the client area lacks a comprehensive analysis section.
Pros
- TradingView charts and technical signals.
- An economic calendar is available.
- The broker publishes its own forecasts.
Cons
- Analysis is published irregularly.
- There is no analysis section in the client area.
- No comprehensive trading signals are available.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Rating | 3/5 | 1/5 |
FXGlory
FXGlory's education consists of detailed and well-structured articles on Forex, analysis, and strategies. However, the lack of videos, webinars, and comprehensive courses limits the variety of materials.
Pros
- Detailed educational articles.
- Examples, tables, and checklists are available.
Cons
- No webinars or video tutorials.
- No courses or tests.
- Materials are available only in English.
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 | FXGlory | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
| — |
| Social Media |
Facebook
Instagram
Twitter
YouTube
Telegram
LinkedInFXGlory
FXGlory support is available through several channels and responds quickly in chat, but complex issues are resolved slowly. Even a question about the ECN commission remained unanswered for more than a day.
Pros
- Many contact channels.
- Fast responses in live chat.
- Tickets are available around the clock.
Cons
- First-line support cannot resolve some issues.
- Long wait times for ticket responses.
- Exact support hours are not specified.
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 FXGlory and Ultima Markets with other brokers
Conclusion
Ultima Markets stands out as the better overall pick, while FXGlory trails on aggregate criteria.
Ultima Markets scored 4.4/5 and ranks 19 in our rating; FXGlory has 3.2/5 and ranks 69.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FXGlory or Ultima Markets?
Ultima Markets comes out ahead by overall rank (score 4.4/5, position 19) versus FXGlory (score 3.2/5, position 69).
Which broker is better for beginners: FXGlory 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) — FXGlory 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 FXGlory and Ultima Markets?
FXGlory: MetaTrader 4, MetaTrader 5, GloryTrader. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with FXGlory and Ultima Markets?
FXGlory: Forex, Precious Metals, 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 FXGlory and Ultima Markets?
FXGlory: Standard, Premium, VIP, Classic, Pro, ECN. 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 FXGlory and Ultima Markets?
FXGlory: PayPal, Neteller, Skrill, WebMoney, SticPay, Swift, Credit and Debit Cards. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — FXGlory 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.
