ThinkMarkets vs Ultima Markets Comparison: Which Is Better for Traders?
ThinkMarkets
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 - ThinkMarkets 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 ThinkMarkets.
Ultima Markets scored 4.4/5 and ranks 18 in our all Forex brokers list, whereas ThinkMarkets has 4/5 and ranks 46.
This is not financial advice. See the full comparison below.
Who is ThinkMarkets suitable for?
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
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 ThinkMarkets and Ultima Markets
| Broker | ThinkMarkets | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4.4/5 |
| Foundation Year | 2009 | 2016 |
| Regulated in Countries | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands | 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 | ThinkMarkets Review | Ultima Markets Review |
ThinkMarkets Review
ThinkMarkets is a highly regulated broker with licenses from the FCA and ASIC, confirming its reliability and operations transparency. The broker offers a wide range of trading platforms suitable for beginners and experienced traders. Extensive analytical resources and educational materials help traders to develop their skills and improve trading efficiency. Round-the-clock support ensures that help is always available, no matter the time of day.
ThinkMarkets is ideal for traders who are looking for a reliable and well-regulated broker with a variety of technological solutions and analytical tools. The broker is especially suitable for active traders who are willing to invest time in learning the market through the training materials offered.
Pros and Cons of ThinkMarkets
Pros
- Wide range of trading platforms.
- Strong analytical support.
- Extensive educational materials.
- 24/7 technical support.
Cons
- Limited choice of trading accounts.
- Withdrawal fees and account inactivity fees.
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Reliability | 5/5 | 4.4/5 |
| Foundation Year | 2009 | 2016 |
| Regulated in Countries | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands | Mauritius, Cyprus |
| Regulators | SFSA SFSA - FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA JFSA JFSA CIMA CIMA | FSC FSC CySEC CySEC |
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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ThinkMarkets
The account opening process at ThinkMarkets is simple and convenient. However, due to the possible verification process taking up to 2 days, the account opening process may not be as fast as desired.
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Account Types | 3.3/5 | 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 |
ThinkMarkets
ThinkMarkets offers two main types of accounts, but the variety of accounts is limited, and there are no accounts for certain groups of traders.
Pros
- Free VPS
- Ability to copy trades of successful traders
Cons
- Lack of cent accounts and fixed spread accounts
- No Islamic account
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Commissions | 2.3/5 | 5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1 |
| Commission per Lot | $3.5 | $2.5 |
ThinkMarkets
ThinkMarkets has average market commissions, making it accessible for most traders. However, it should be noted that the broker charges some non-trading commissions.
Pros
- Transparent commission structure.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Inactivity 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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Account Funding Methods |
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ThinkMarkets
The broker offers convenient methods for depositing and withdrawing funds, most of which are commission-free, however, there may be delays in withdrawals.
Pros
- Wide selection of deposit and withdrawal methods.
- No commission for most deposit and withdrawal cases.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Potential long withdrawal times due to meticulous transaction verification
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 46 | 60 |
| Precious Metals | 10 | 9 |
| Energy Carriers | 3 | 7 |
| Soft Commodities | 3 | 7 |
| Indices | 15 | 28 |
| Stocks | 3305 | 86 |
| ETF | 364 | 6 |
| Cryptocurrency | 21 | 47 |
| Bonds | - | 7 |
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading 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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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ThinkMarkets
ThinkMarkets offers a wide selection of platforms, including popular MetaTrader 4 and MetaTrader 5, as well as proprietary developments such as ThinkTrader and ThinkCopy.
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
ThinkMarkets
ThinkMarkets provides high-quality analytical tools, making trading informative and productive.
Pros
- Extensive set of market analysis tools.
- Availability of Traders' Gym for strategy testing.
- Daily trading signals and market news.
Cons
- Some tools are only available for certain types of accounts.
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Rating | 4.7/5 | 1/5 |
ThinkMarkets
ThinkMarkets offers high-quality educational materials covering a wide range of topics.
Pros
- Wide range of topics in articles.
- Webinars from experts.
- Materials for traders of all levels.
Cons
- Lack of video tutorials.
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 | ThinkMarkets | Ultima Markets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Email Support |
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| Hotline Phones |
| — |
| Social Media |
Twitter
Facebook
YouTube
LinkedIn
Instagram
TelegramThinkMarkets
ThinkMarkets offers a wide range of communication channels with support, including phone numbers in different countries, email, and online chat. Additionally, support is available 24/7, ensuring prompt assistance at any time of the day.
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 ThinkMarkets and Ultima Markets with other brokers
ThinkMarkets Comparisons
Conclusion
Ultima Markets stands out as the better overall pick, while ThinkMarkets trails on aggregate criteria.
Ultima Markets scored 4.4/5 and ranks 18 in our rating; ThinkMarkets has 4/5 and ranks 46.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: ThinkMarkets or Ultima Markets?
Ultima Markets comes out ahead by overall rank (score 4.4/5, position 18) versus ThinkMarkets (score 4/5, position 46).
Which broker is better for beginners: ThinkMarkets 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) — ThinkMarkets 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 ThinkMarkets and Ultima Markets?
ThinkMarkets: MetaTrader 4, MetaTrader 5, ThinkTrader. Ultima Markets: MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with ThinkMarkets and Ultima Markets?
ThinkMarkets: 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 ThinkMarkets and Ultima Markets?
ThinkMarkets: Standard, ThinkZero. 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 ThinkMarkets and Ultima Markets?
ThinkMarkets: Neteller, Skrill, Perfect Money, Bank Transfer, Visa, Mastercard. Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. Check method-specific fees/settlement times.
Which broker is safer — ThinkMarkets 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.
