NPBFX 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 - NPBFX 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 NPBFX.
Ultima Markets scored 4.4/5 and ranks 19 in our all Forex brokers list, whereas NPBFX has 4.2/5 and ranks 32.
This is not financial advice. See the full comparison below.
Who is NPBFX suitable for?
NPBFX is ideal for traders who value STP accounts, education, MetaTrader 4, participation in contests, and a decent selection of markets and products
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 NPBFX and Ultima Markets
| Broker | NPBFX | Ultima Markets |
|---|---|---|
| Rating | 4.2/5 | 4.4/5 |
| Foundation Year | 2016 | 2016 |
| Regulated in Countries | Comoros | Mauritius, Cyprus |
| Minimum Deposit |
|
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| Spread | from 0.4 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | NPBFX Review | Ultima Markets Review |
NPBFX Review
NPBFX is suitable for novice and experienced traders, thanks to its extensive educational program, various account types, and set of trading instruments. The broker is particularly noteworthy for those who value quality technical analysis and a diversity of trading instruments.
Despite certain drawbacks, NPBFX provides quality service and can be used by most traders.
Pros and Cons of NPBFX
Pros
- A rich selection of analytical tools and resources.
- Extensive education section.
- A variety of trading account types.
- Numerous available methods for depositing and withdrawing funds.
Cons
- Lack of alternatives to the MetaTrader 4 platform.
- Regulation in an offshore jurisdiction.
NPBFX 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 | NPBFX | Ultima Markets |
|---|---|---|
| Reliability | 3.2/5 | 4.4/5 |
| Foundation Year | 2016 | 2016 |
| Regulated in Countries | Comoros | Mauritius, Cyprus |
| Regulators |
NPBFX
The broker has certain protective measures but is registered in offshore jurisdictions.
Pros
- Membership in The Financial Commission.
- Existence of a Compensation Fund.
- Regulation by multiple bodies.
Cons
- Registration in offshore jurisdictions.
- Lack of information on deposit insurance.
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 | NPBFX | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
NPBFX
Registration on the website is simple and quick, as it requires minimal information.
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 | NPBFX | Ultima Markets |
|---|---|---|
| Account Types | 4.5/5 | 4.7/5 |
| Trading Accounts |
|
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| Minimum Deposit |
|
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| Spread | from 0.4 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 |
NPBFX
The broker offers a wide range of accounts, meeting the needs of different traders.
Pros
- STP accounts
- Opportunity to copy trades of successful traders.
- Availability of cent accounts for beginners.
Cons
- No accounts with fixed spreads.
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 | NPBFX | Ultima Markets |
|---|---|---|
| Commissions | 4/5 | 5/5 |
| Spread | from 0.4 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1 |
| Commission per Lot | $2.5 |
NPBFX
NPBFX offers average market spreads and swaps.
Pros
- No inactivity fee.
- No withdrawal fee.
- Cashback with up to 60% spread return
Cons
- Average spreads and 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 | NPBFX | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Account Funding Methods |
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NPBFX
The broker offers a wide selection of deposit and withdrawal methods, with no commission on deposits and commission compensation on the first withdrawal.
Pros
- Multiple deposit/withdrawal methods.
- No deposit fee.
- Commission compensation on the first withdrawal.
Cons
- Withdrawal processing time can be long.
- High commission of payment systems on 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 | NPBFX | Ultima Markets |
|---|---|---|
| Markets and Products | 4/5 | 4.5/5 |
| Forex | 38 | 60 |
| Precious Metals | 2 | 9 |
| Energy Carriers | 3 | 7 |
| Indices | 11 | 28 |
| Stocks | 62 | 86 |
| ETF | 2 | 6 |
| Cryptocurrency | 5 | 47 |
| Soft Commodities | - | 7 |
| Bonds | - | 7 |
NPBFX
NPBFX offers a sufficiently broad range of trading instruments, including Forex, CFDs on metals, energy carriers, indices, stocks, ETFs, and cryptocurrencies. However, some brokers may offer an even greater number of instruments and 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 | NPBFX | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
|
|
NPBFX
NPBFX platforms provide functionality and convenience for different categories of traders.
Pros
- Use of the popular MetaTrader 4 platform.
- NPB Invest trade copying service.
Cons
- Lack of alternatives to MT4
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 | NPBFX | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
NPBFX
NPBFX offers an extensive set of analytical tools, including news updates, signals based on technical analysis, and even direct chat with analysts.
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 | NPBFX | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 1/5 |
NPBFX
The broker offers a wide range of educational opportunities, including e-books, video courses, and strategies provided by leading training centers.
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 | NPBFX | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
| — |
| Social Media | — |
Telegram
LinkedIn
Facebook
Twitter
InstagramNPBFX
Numerous communication channels are available, including online consultant, personal manager, email, and phone. The customer support schedule is also quite extensive, providing support at almost any time.
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 NPBFX and Ultima Markets with other brokers
Conclusion
Ultima Markets stands out as the better overall pick, while NPBFX trails on aggregate criteria.
Ultima Markets scored 4.4/5 and ranks 19 in our rating; NPBFX has 4.2/5 and ranks 32.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: NPBFX or Ultima Markets?
Ultima Markets comes out ahead by overall rank (score 4.4/5, position 19) versus NPBFX (score 4.2/5, position 32).
Which broker is better for beginners: NPBFX 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) — NPBFX 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 NPBFX and Ultima Markets?
NPBFX: MetaTrader 4. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with NPBFX and Ultima Markets?
NPBFX: Forex, Precious Metals, Energy Carriers, 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 NPBFX and Ultima Markets?
NPBFX: Master, Expert, VIP, Standard Cent. 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 NPBFX and Ultima Markets?
NPBFX: WebMoney, Qiwi, YooMoney, Moneta.ru, FasaPay, Skrill, Neteller, Volet, Perfect Money, Payoma, Swift, SEPA, Visa, Mastercard, Maestro, Альфа Банк, Промсвязьбанк, Русский Стандарт, Faktura.ru, Почта Банк. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — NPBFX 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.
