Pepperstone 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 - Pepperstone or Ultima Markets?
Our pick: Pepperstone
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Pepperstone looks preferable to Ultima Markets.
Pepperstone scored 4.6/5 and ranks 6 in our all Forex brokers list, whereas Ultima Markets has 4.4/5 and ranks 18.
This is not financial advice. See the full comparison below.
Who is Pepperstone suitable for?
Pepperstone suits traders seeking a wide choice of platforms, tight spreads, and numerous trading instruments.
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 Pepperstone and Ultima Markets
| Broker | Pepperstone | Ultima Markets |
|---|---|---|
| Rating | 4.6/5 | 4.4/5 |
| Foundation Year | 2010 | 2016 |
| Regulated in Countries | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom | Mauritius, Cyprus |
| Minimum Deposit |
|
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| 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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| Review | Pepperstone Review | Ultima Markets Review |
Pepperstone Review
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
Pepperstone 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 | Pepperstone | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2010 | 2016 |
| Regulated in Countries | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom | Mauritius, Cyprus |
| Regulators | ASIC ASIC SCB SCB CySEC CySEC DFSA DFSA BaFin BaFin CMA CMA FCA FCA | FSC FSC CySEC CySEC |
Pepperstone
Pepperstone is regulated in seven different jurisdictions, indicating a high level of reliability and regulation.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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|
Pepperstone
The account opening process is straightforward, convenient, and fast.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Account Types | 3.8/5 | 4.7/5 |
| Trading Accounts |
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| Minimum Deposit |
|
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| 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 |
Pepperstone
Pepperstone's account types meet the needs of most traders, though they lack variability.
Pros
- The ability to copy trades.
- Support for VPS hosting.
Cons
- Lack of cent accounts.
- No fixed spread 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 | Pepperstone | Ultima Markets |
|---|---|---|
| Commissions | 4/5 | 5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.15 | 1 |
| Commission per Lot | $3.5 | $2.5 |
Pepperstone
Pepperstone does not charge an inactivity fee or withdrawal fees, which is an essential advantage for traders. As for trading commissions, the broker offers competitive conditions.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Account Funding Methods |
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Pepperstone
Account funding and withdrawal processes at Pepperstone are pretty convenient and fast.
Pros
- Multiple available deposit methods.
- No deposit fee.
- Swift transaction processing.
Cons
- Bank fees for withdrawals.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 97 | 60 |
| Precious Metals | 20 | 9 |
| Energy Carriers | 4 | 7 |
| Soft Commodities | 16 | 7 |
| Indices | 26 | 28 |
| Stocks | 986 | 86 |
| ETF | 108 | 6 |
| Cryptocurrency | 30 | 47 |
| Bonds | - | 7 |
Pepperstone
The broker utilizes services from several tier-one liquidity providers to offer clients competitive quotes with low spreads and high liquidity across various instruments.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
Pepperstone
Pepperstone offers a wide selection of high-quality and functional trading platforms, making it attractive to many investors.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
Pepperstone
Pepperstone has a well-developed analytical department, which includes daily market reviews, an economic calendar, the powerful automatic market analysis tool Autochartist, and convenient calculators for traders.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 1/5 |
Pepperstone
Pepperstone greatly emphasizes the educational component, offering a broad spectrum of instructional materials and resources.
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 | Pepperstone | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
|
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| Hotline Phones |
| — |
| Social Media |
Twitter
Facebook
Instagram
LinkedIn
YouTube
TelegramPepperstone
Pepperstone's support service provides clients with various communication channels, prompt responses, professionalism, and efficiency in problem-solving.
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 Pepperstone and Ultima Markets with other brokers
Pepperstone Comparisons
Conclusion
Pepperstone stands out as the better overall pick, while Ultima Markets trails on aggregate criteria.
Pepperstone scored 4.6/5 and ranks 6 in our rating; Ultima Markets has 4.4/5 and ranks 18.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: Pepperstone or Ultima Markets?
Pepperstone comes out ahead by overall rank (score 4.6/5, position 6) versus Ultima Markets (score 4.4/5, position 18).
Which broker is better for beginners: Pepperstone or Ultima Markets?
Pepperstone 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) — Pepperstone 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 Pepperstone and Ultima Markets?
Pepperstone: MetaTrader 5, MetaTrader 4, cTrader, TradingView. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with Pepperstone and Ultima Markets?
Pepperstone: 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 Pepperstone and Ultima Markets?
Pepperstone: Standard, Razor. 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 Pepperstone and Ultima Markets?
Pepperstone: Neteller, PayPal, Skrill, Swift, Visa, Mastercard. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — Pepperstone 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.
