Tickmill vs Ultima Markets Comparison


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 Tickmill and Ultima Markets
Broker | Tickmill | Ultima Markets |
---|---|---|
Rating | 4.5/5 | 4.4/5 |
Foundation Year | 2013 | 2016 |
Regulated in Countries | United Kingdom, Cyprus, South Africa, Seychelles, Malaysia | Mauritius, Cyprus |
Minimum Deposit |
|
|
Spread | from 0 points | from 0 points |
Max Leverage | 1:1000 | 1:2000 |
Trading Assets (CFDs) |
|
|
Trading Platforms |
|
|
Review | Tickmill Review | Ultima Markets Review |
Tickmill is suitable for beginners due to accessible educational materials and for experienced traders who value low trading commissions and stable platforms.
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.
Tickmill Review

Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.
The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.
Pros and Cons of Tickmill
Pros
- Low trading fees.
- Variety of trading platforms.
- Extensive library of educational materials and analytical tools.
Cons
- Not enough different types of trading accounts.
Tickmill 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 | Tickmill | Ultima Markets |
---|---|---|
Reliability | 5/5 | 4.4/5 |
Foundation Year | 2013 | 2016 |
Regulated in Countries | United Kingdom, Cyprus, South Africa, Seychelles, Malaysia | Mauritius, Cyprus |
Regulators | FCA FCA CySEC CySEC FSCA FSCA SFSA SFSA - LFSA LFSA | FSC FSC CySEC CySEC |
Tickmill
Tickmill's reliability is confirmed by its regulation by leading international organizations and licensing by the relevant governmental bodies.
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 | Tickmill | Ultima Markets |
---|---|---|
Account Opening | 4.3/5 | 5/5 |
Minimum Deposit |
|
|
Tickmill
Opening an account with Tickmill is a straightforward and relatively quick process, but it does require document verification.
Pros
- Ease of understanding the process.
- Detailed instructions at each step.
Cons
- The verification process can take up to 24 business hours.
- The minimum deposit of $100 may be high for beginners.
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 | Tickmill | Ultima Markets |
---|---|---|
Account Types | 4/5 | 4.7/5 |
Trading Accounts |
|
|
Minimum Deposit |
|
|
Spread | from 0 points | from 0 points |
Max Leverage | 1:1000 | 1:2000 |
Trading Assets (CFDs) |
|
|
Trading Platforms |
|
|
Demo Account | ||
Swap-free Account |
Tickmill
Tickmill offers a flexible selection of accounts, satisfying different categories of traders. However, the absence of certain types of accounts may limit options.
Pros
- The presence of an Islamic account that adheres to Sharia principles.
- Availability of a free demo account.
- The ability to copy trades of successful traders.
Cons
- Lack of cent accounts.
- Fixed spread accounts are not offered.
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 | Tickmill | Ultima Markets |
---|---|---|
Commissions | 3.5/5 | 5/5 |
Spread | from 0 points | from 0 points |
Average Spread (EURUSD) | 1.6 | 1 |
Commission per Lot | $3 | $2.5 |
Tickmill
Tickmill offers competitive conditions with average commissions, which is pleasantly surprising with the absence of fees for deposits and withdrawals.
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 | Tickmill | Ultima Markets |
---|---|---|
Rating | 5/5 | 4.5/5 |
Account Funding Methods |
|
|
Tickmill
Tickmill provides a wide choice of deposit and withdrawal methods without charging fees, ensuring high-speed processing of transactions.
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 | Tickmill | Ultima Markets |
---|---|---|
Markets and Products | 5/5 | 4.5/5 |
Forex | 62 | 60 |
Precious Metals | 4 | 9 |
Energy Carriers | 2 | 7 |
Soft Commodities | 2 | 7 |
Indices | 23 | 28 |
Stocks | 489 | 86 |
ETF | 23 | 6 |
Bonds | 4 | 7 |
Cryptocurrency | 9 | 47 |
Tickmill
Tickmill offers diverse trading assets, including currency pairs, stock indices, commodities, bonds, and cryptocurrencies.
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 | Tickmill | Ultima Markets |
---|---|---|
Rating | 5/5 | 4/5 |
Trading Platforms |
|
|
Tickmill
Tickmill offers proven MT4 and MT5 terminals, its mobile app, integration with TradingView, and an innovative platform for automatic trade copying - Pelican Trading.
Pros
- Reliable and functional MetaTrader 4 and 5 platforms and integration with TradingView.
- Mobile app for trading on the go.
- An interesting solution for automatic trade copying with Pelican Trading.
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 | Tickmill | Ultima Markets |
---|---|---|
Rating | 5/5 | 4/5 |
Tickmill
Tickmill offers extensive analytical tools, including regular reviews, Autochartist, and the Signal Centre tool.
Pros
- Daily fundamental and technical analytical reviews.
- Useful analysis tools such as Autochartist and Signal Centre.
- Market sentiment information and handy Forex calculators.
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 | Tickmill | Ultima Markets |
---|---|---|
Rating | 5/5 | 1/5 |
Tickmill
Tickmill provides a comprehensive package of educational materials, including webinars, seminars, eBooks, video tutorials, and a blog.
Pros
- A wide variety of learning formats to suit different trader preferences.
- Periodic webinars and seminars with experts for in-depth understanding of trading.
- Regularly updated analytical and educational materials in the blog.
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 | Tickmill | Ultima Markets |
---|---|---|
Rating | 4/5 | 4.5/5 |
Email Support |
|
|
Hotline Phones |
| — |
Social Media |
Tickmill
Tickmill's technical support is high quality, available through various channels, and provides timely responses.
Pros
- Email inquiries responded to within 24 hours.
- Professionalism and competence of staff.
Cons
- Support is not available 24/7.
- Can only call an international phone number.
- Messengers are not among the 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.