GO Markets 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 - GO Markets or Ultima Markets?
Our pick: GO Markets
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - GO Markets looks preferable to Ultima Markets.
GO Markets scored 4.7/5 and ranks 6 in our all Forex brokers list, whereas Ultima Markets has 4.4/5 and ranks 19.
This is not financial advice. See the full comparison below.
Who is GO Markets suitable for?
GO Markets is suitable for active traders who value low costs, a choice of platforms, a wide range of CFD instruments and robust analytics.
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 GO Markets and Ultima Markets
| Broker | GO Markets | Ultima Markets |
|---|---|---|
| Rating | 4.7/5 | 4.4/5 |
| Foundation Year | 2006 | 2016 |
| Regulated in Countries | Australia, Mauritius, Cyprus | Mauritius, Cyprus |
| Minimum Deposit |
|
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
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| Review | GO Markets Review | Ultima Markets Review |
GO Markets Review
GO Markets gives the impression of a strong all-around CFD broker with a good balance between reliability, trading conditions and functionality. The company has a long operating history since 2006, access to a wide range of markets, several strong platform solutions—MT4, MT5, cTrader and TradingView—as well as well-developed additional services such as trade copying, PAMM, VPS, analytics and a training academy. Strengths also include competitive fees, convenient deposits and withdrawals, and solid infrastructure for active trading.
GO Markets is best suited to active retail traders who value low costs, a choice of platforms and a wide range of instruments. The broker also looks good for users who want to combine independent trading with analytics, signals and educational materials.
Pros and Cons of GO Markets
Pros
- Reliable regulation: ASIC and CySEC licenses, long operating history since 2006.
- Competitive trading conditions: tight spreads and low trading commission.
- Strong platform selection: MT4, MT5, cTrader and TradingView are available.
- A variety of additional services: trade copying, PAMM, VPS, analytics and education are available.
- No deposit or withdrawal fees, and there is no mandatory minimum deposit.
Cons
- There are few main trading accounts: the core choice mostly comes down to Standard and GO Plus+.
- Swaps do not seem to be the broker’s strong point and are better suited to short-term rather than long-term trading.
GO Markets 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 | GO Markets | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2006 | 2016 |
| Regulated in Countries | Australia, Mauritius, Cyprus | Mauritius, Cyprus |
| Regulators |
GO Markets
GO Markets looks like a reliable broker thanks to ASIC and CySEC licenses, as well as a long operating history.
Pros
- ASIC and CySEC licenses.
- Operating since 2006.
- International group structure.
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 | GO Markets | Ultima Markets |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
|
|
GO Markets
Account opening at GO Markets is convenient and straightforward: registration is step-by-step, requirements are standard, and the lack of a minimum deposit makes getting started easier. A small delay is possible due to verification.
Pros
- Step-by-step and clear registration.
- No mandatory minimum deposit.
- Neat application form interface.
Cons
- Mandatory verification.
- Additional documents may be requested.
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 | GO Markets | Ultima Markets |
|---|---|---|
| Account Types | 4.5/5 | 4.7/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| 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 | ||
| Swap-free Account |
GO Markets
GO Markets offers a balanced lineup of accounts and services that suits most traders—from beginners to auto-trading enthusiasts. The variety is good, although the selection is not the widest on the market.
Pros
- Standard and GO Plus+ are available
- Demo and Islamic accounts are available
- Trade copying, PAMM and VPS are supported
Cons
- Limited selection of main 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 | GO Markets | Ultima Markets |
|---|---|---|
| Commissions | 4.5/5 | 5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1 |
| Commission per Lot | $2.5 | $2.5 |
GO Markets
GO Markets’ fees look below the market average: Standard spreads are tight, the GO Plus+ commission is low, and withdrawals are fee-free. Swaps look the weakest—they are rather average and do not provide an advantage for holding positions long term.
Pros
- Tight spreads on Standard
- Low GO Plus+ commission
- No withdrawal fee
Cons
- Swaps are rather average
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 | GO Markets | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Account Funding Methods |
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GO Markets
Deposits and withdrawals at GO Markets are set up conveniently: popular payment methods are available, the broker charges no fees, and processing times look comfortable.
Pros
- Cards, bank transfers and e-wallets are available
- No fees for deposits and withdrawals
- Fast processing of requests
Cons
- The first transactions may take longer
- No cryptocurrencies as a deposit method
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 | GO Markets | Ultima Markets |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 100 | 60 |
| Precious Metals | 5 | 9 |
| Energy Carriers | 5 | 7 |
| Soft Commodities | 2 | 7 |
| Indices | 16 | 28 |
| Cryptocurrency | 38 | 47 |
| Bonds | 5 | 7 |
| Stocks | 1800 | 86 |
| ETF | - | 6 |
GO Markets
GO Markets’ market range is broad and well diversified: Forex, indices, commodities, stocks, ETFs, bonds and cryptocurrencies are available.
Pros
- Wide range of asset classes
- Stocks, ETF and bonds are available
- Good selection of currencies and cryptocurrencies
Cons
- Not the widest selection in some individual markets
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 | GO Markets | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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|
GO Markets
GO Markets’ trading platforms are one of the broker’s strengths. The lineup includes MT4, MT5, cTrader and TradingView, so in terms of convenience, functionality and breadth of choice the offering looks close to the maximum.
Pros
- Wide choice of platforms
- cTrader and TradingView are available
- Suitable for different trading styles
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 | GO Markets | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
GO Markets
GO Markets’ analytics look strong: there is an economic calendar, market reviews, MetaTrader Genesis and Signal Centre. The set is useful and practical, but in terms of depth of proprietary expert content it lags slightly behind market leaders.
Pros
- Economic calendar available
- Genesis and Signal Centre are available
- Regular news and reviews
Cons
- Some tools are available subject to conditions
- Analytics lag behind market leaders
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 | GO Markets | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 1/5 |
GO Markets
Education at GO Markets looks high-quality and diverse: there are courses, strategies, video lessons and a podcast. The materials are useful for beginners, although in depth and scale the section lags slightly behind market leaders.
Pros
- Courses and trading strategies are available
- Video lessons and podcasts are available
Cons
- The educational section is not the deepest
- Fewer formats than market leaders
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 | GO Markets | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Email Support |
|
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| Hotline Phones |
| — |
| Social Media |
Facebook
Twitter
LinkedIn
YouTube
Instagram
TradingView
TelegramGO Markets
GO Markets’ support looks strong: chat, e-mail and phone are available, the main channels operate 24/7, and feedback on response speed is generally positive. The weakest point is that the quality of resolving complex issues is not always consistent.
Pros
- Chat, e-mail and phone are available
- 24/7 support
- Overall good feedback about response speed
Cons
- No messaging apps for quick contact
- Service quality is not always consistent
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 GO Markets and Ultima Markets with other brokers
GO Markets Comparisons
Conclusion
GO Markets stands out as the better overall pick, while Ultima Markets trails on aggregate criteria.
GO Markets scored 4.7/5 and ranks 6 in our rating; Ultima Markets has 4.4/5 and ranks 19.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: GO Markets or Ultima Markets?
GO Markets comes out ahead by overall rank (score 4.7/5, position 6) versus Ultima Markets (score 4.4/5, position 19).
Which broker is better for beginners: GO Markets or Ultima Markets?
GO 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) — GO Markets 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 GO Markets and Ultima Markets?
GO Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with GO Markets and Ultima Markets?
GO Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Cryptocurrency, Bonds, Stocks. 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 GO Markets and Ultima Markets?
GO Markets: Standard, GO Plus+. 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 GO Markets and Ultima Markets?
GO Markets: PayPal, Skrill, Neteller, Bank Transfer, Visa, Mastercard. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — GO Markets 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.
