Plus500 vs Ultima Markets Comparison
Plus500
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Plus500 and Ultima Markets
| Broker | Plus500 | Ultima Markets |
|---|---|---|
| Rating | 4.3/5 | 4.4/5 |
| Foundation Year | 2007 | 2016 |
| Regulated in Countries | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States | Mauritius, Cyprus |
| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Plus500 Review | Ultima Markets Review |
Plus500 is a robust choice for seasoned traders who appreciate a variety of trading CFDs and advanced analytical capabilities.
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.
Plus500 Review
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
Plus500 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 | Plus500 | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2007 | 2016 |
| Regulated in Countries | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States | Mauritius, Cyprus |
| Regulators | CySEC CySEC FCA FCA ASIC ASIC NZ FMA NZ FMA FSCA FSCA SFSA SFSA EFSA EFSA MAS MAS CFTC CFTC NFA NFA | FSC FSC CySEC CySEC |
Plus500
Plus500 is registered and regulated in several jurisdictions by authoritative bodies. This means that the broker is required to adhere to strict financial standards and provide regular reports on its activities to regulators.
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 | Plus500 | Ultima Markets |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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Plus500
Opening an account with Plus500 is straightforward due to its fast registration and low minimum deposit. Beginners should use the demo account and Trading Academy to learn before real trading.
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 | Plus500 | Ultima Markets |
|---|---|---|
| Account Types | 2/5 | 4.7/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.6 points | from 0 points |
| Max Leverage | 1:30 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Plus500
The lack of account diversity and market execution of orders at Plus500 significantly limits flexibility and opportunities for traders of various categories.
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 | Plus500 | Ultima Markets |
|---|---|---|
| Commissions | 3.5/5 | 5/5 |
| Spread | from 0.6 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1 |
| Commission per Lot | $2.5 |
Plus500
Plus500 offers clients market average trading commissions.
Pros
- No commission for deposit or withdrawal.
Cons
- Inactivity account fee.
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 | Plus500 | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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Plus500
Plus500 offers convenient and diverse methods for depositing and withdrawing funds, but processing requests may take up to 3 business days.
Pros
- Wide selection of payment systems.
- No commission for depositing and withdrawing.
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 | Plus500 | Ultima Markets |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 65 | 60 |
| Precious Metals | 5 | 9 |
| Energy Carriers | 7 | 7 |
| Soft Commodities | 10 | 7 |
| Indices | 36 | 28 |
| Stocks | 1550 | 86 |
| ETF | 96 | 6 |
| Bonds | - | 7 |
| Cryptocurrency | - | 47 |
Plus500
Plus500 offers a deep diversity of products and markets, including CFDs on currencies, indices, commodities, stocks, and ETFs from various countries worldwide.
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 | Plus500 | Ultima Markets |
|---|---|---|
| Rating | 4.2/5 | 4/5 |
| Trading Platforms |
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Plus500
Plus500 offers an efficient, user-friendly platform, however, there is no choice between platforms.
Pros
- Proprietary platform
- Available on mobile devices.
Cons
- No choice between 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 | Plus500 | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
Plus500
Plus500 offers good analytical tools and useful services.
Pros
- Insights+
- ESG scoring
- Convenient risk management tools
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 | Plus500 | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 1/5 |
Plus500
Plus500 offers its users quality training through webinars, interactive materials and e-books. This allows traders to gain comprehensive knowledge for a successful start and effective trading.
Pros
- Quality and detailed video lessons
- Free webinars from independent experts
- Interactive guides and e-books
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 | Plus500 | Ultima Markets |
|---|---|---|
| Rating | 3.7/5 | 4.5/5 |
| Email Support |
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| Hotline Phones | — | — |
| Social Media |
Facebook
Twitter
Instagram
Telegram
LinkedInPlus500
The Plus500 customer support is limited and not ideal, although it provides support in multiple languages 24/7.
Pros
- Support in many languages.
- Operates around the clock.
Cons
- Lack of direct communication channels (e.g., telephone).
- Potential delays in responses due to limited communication channels.
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.
