NordFX 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 - NordFX 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 NordFX.
Ultima Markets scored 4.4/5 and ranks 19 in our all Forex brokers list, whereas NordFX has 3.5/5 and ranks 60.
This is not financial advice. See the full comparison below.
Who is NordFX suitable for?
NordFX suits traders who prefer MetaTrader 4 and value various analytical tools. It is perfect for those who prioritize individual support and tight spreads.
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 NordFX and Ultima Markets
| Broker | NordFX | Ultima Markets |
|---|---|---|
| Rating | 3.5/5 | 4.4/5 |
| Foundation Year | 2008 | 2016 |
| Regulated in Countries | — | Mauritius, Cyprus |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
|
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| Trading Platforms |
|
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| Review | NordFX Review | Ultima Markets Review |
NordFX Review
NordFX is a broker with various trading accounts and conditions, making it attractive for different categories of traders — from beginners to professionals. Tight spreads and analytical tools are backed by good technical support, which is a significant plus.
NordFX is suitable for traders who prefer to use MetaTrader 4 and who do not require a wide range of CFDs or alternative trading platforms. This broker is perfect for those seeking diverse market analysis options and personalized support.
Pros and Cons of NordFX
Pros
- Diversity of trading accounts and services.
- Tight spreads.
- Wide range of deposit and withdrawal methods.
- Extensive set of analytical tools.
- Good customer support.
Cons
- Lack of regulation.
- High commission on Zero account.
- Long withdrawal request processing time.
- Lack of soft commodities and limited overall number of CFDs.
- There are no alternatives to MT4.
NordFX 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 | NordFX | Ultima Markets |
|---|---|---|
| Reliability | 2/5 | 4.4/5 |
| Foundation Year | 2008 | 2016 |
| Regulated in Countries | — | Mauritius, Cyprus |
| Regulators | — |
NordFX
NordFX holds legal registration, but the lack of regulation diminishes its reliability, which is crucial for protecting client interests.
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 | NordFX | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
NordFX
Registration is simple and intuitive, with minimal requirements to start trading. Verification, while mandatory, complies with international standards.
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 | NordFX | Ultima Markets |
|---|---|---|
| Account Types | 5/5 | 4.7/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
|
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
NordFX
NordFX offers a wide range of account types and services.
Pros
- Flexible options for different traders.
- PAMM accounts and copy trading available.
- VPS available.
Cons
- Lack of cent 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 | NordFX | Ultima Markets |
|---|---|---|
| Commissions | 2.5/5 | 5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1 |
| Commission per Lot | $3.5 | $2.5 |
NordFX
NordFX's commission policy is quite flexible and offers various options for different types of traders.
Pros
- Flexible commission system suitable for different strategies.
- Tight spreads on the Pro account.
Cons
- Above-average transaction commission on the Zero account.
- Inactivity fee.
- High swaps.
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 | NordFX | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Account Funding Methods |
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|
NordFX
NordFX offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies. Most transactions are processed quickly, but withdrawal times can take up to 5 business days.
Pros
- Numerous available deposit methods.
- Competitive commissions.
- Instant account funding.
Cons
- Withdrawal time up to 5 business days.
- Withdrawal only by the same method as deposit.
- Verification required for fund withdrawal.
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 | NordFX | Ultima Markets |
|---|---|---|
| Markets and Products | 4/5 | 4.5/5 |
| Forex | 33 | 60 |
| Precious Metals | 2 | 9 |
| Energy Carriers | 3 | 7 |
| Indices | 4 | 28 |
| Stocks | 68 | 86 |
| Cryptocurrency | 15 | 47 |
| Soft Commodities | - | 7 |
| ETF | - | 6 |
| Bonds | - | 7 |
NordFX
NordFX offers a variety of markets, including currencies, metals, and cryptocurrencies. However, the selection is limited compared to competitors, especially in terms of CFDs and the lack of soft commodities.
Pros
- Diversity of asset classes.
- Access to 15 cryptocurrencies.
Cons
- Lack of soft commodities.
- Limited number of CFDs.
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 | NordFX | Ultima Markets |
|---|---|---|
| Rating | 3/5 | 4/5 |
| Trading Platforms |
|
|
NordFX
NordFX provides the MetaTrader 4 platform, which is reliable and feature-rich. The platform is available on various devices, including MultiTerminal for managing multiple accounts.
Pros
- Reliable and proven MT4 platform.
- Desktop and mobile versions available.
- MultiTerminal for managing multiple accounts.
Cons
- Lack of a web-based platform.
- Limited choice of trading platforms.
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 | NordFX | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4/5 |
NordFX
NordFX boasts strong analytics. A variety of tools are offered: weekly forecasts, economic calendar, trader's calculator.
Pros
- Weekly forecasts for Forex and cryptocurrencies.
- Economic calendar.
- Convenient calculator for estimating potential profits.
Cons
- Lack of trading signals.
- Insufficient analytics from company experts.
- Limited selection of analytical materials.
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 | NordFX | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 1/5 |
NordFX
The broker offers a variety of video and audio courses, as well as useful articles in the blog, which is a plus for self-directed trader education.
Pros
- Variety of formats: video, audio, articles.
- Materials for different skill levels.
- Regular blog publications.
Cons
- Lack of webinars.
- No seminars or master classes.
- No personalized training.
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 | NordFX | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
|
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| Hotline Phones |
| — |
| Social Media |
Twitter
LinkedIn
Pinterest
YouTube
Telegram
Facebook
InstagramNordFX
NordFX technical support deserves high praise for the variety of communication channels and the effectiveness of the solutions provided. Client reviews highlight the high level of service.
Pros
- 24/7 availability.
- Multiple communication channels: live chat, email, phone.
- High level of staff professionalism.
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 NordFX and Ultima Markets with other brokers
Conclusion
Ultima Markets stands out as the better overall pick, while NordFX trails on aggregate criteria.
Ultima Markets scored 4.4/5 and ranks 19 in our rating; NordFX has 3.5/5 and ranks 60.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: NordFX or Ultima Markets?
Ultima Markets comes out ahead by overall rank (score 4.4/5, position 19) versus NordFX (score 3.5/5, position 60).
Which broker is better for beginners: NordFX 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) — NordFX 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 NordFX and Ultima Markets?
NordFX: MetaTrader 4. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with NordFX and Ultima Markets?
NordFX: Forex, Precious Metals, Energy Carriers, Indices, Stocks, 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 NordFX and Ultima Markets?
NordFX: Fix, Pro, Zero. 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 NordFX and Ultima Markets?
NordFX: WebMoney, Skrill, Neteller, Perfect Money, Dragonpay, AstroPay, TC Pay, FasaPay, Boleto, DOKU Wallet, Binance Pay, Swift, Visa, Mastercard, Ngan Luong, Help2pay, PayTrust88. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — NordFX 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.
