Ultima Markets vs World Forex Comparison
Compare trading conditions, commissions and platforms of Forex brokers Ultima Markets and World Forex. Find out which broker is best for you.
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 - Ultima Markets or World Forex?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
Ultima Markets
- Minimum deposit · USD
- 50 USD
- Different platforms
- None listed
- Different markets
- Soft Commodities
- Indices
- ETF
- Bonds
World Forex
- Minimum deposit · USD
- 1 USD
- Different platforms
- MetaTrader 5
- Different markets
- None listed
Comparison Table of Ultima Markets and World Forex
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Foundation Year | 2016 | 2007 |
| Regulated in Countries | Mauritius, Cyprus | Saint Vincent and the Grenadines, Vanuatu |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
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:
World Forex Review
World Forex offers traders a variety of trading accounts and competitive conditions with low spreads, making it an attractive choice for clients interested in saving on trading costs. Support for the popular MetaTrader 4 and MetaTrader 5 trading platforms guarantees a high level of convenience and functionality, while a large selection of payment systems and the broker's coverage of deposit fees simplify financial transactions.
WForex is best suited for active traders who prefer short-term trading and can take advantage of low spreads and a wide choice of payment systems. The broker will be less attractive for beginners due to the lack of training resources and for those looking for long-term investment opportunities due to high swaps.
Pros and Cons of World Forex
Pros
- Various trading accounts.
- Low spreads.
- Availability of popular trading platforms.
- A wide range of payment systems and broker-covered commissions on deposits.
Cons
- Limited selection of educational materials.
- There is an absence of soft commodities and indices.
- High swaps.
World Forex is in the top 10 of the following ratings:
Reliability
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Reliability | 4.4/5 | 3.6/5 |
| Foundation Year | 2016 | 2007 |
| Regulated in Countries | Mauritius, Cyprus | Saint Vincent and the Grenadines, Vanuatu |
| 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.
World Forex
World Forex is a member of the Financial Commission (FinaCom), and the quality of order execution on the broker's platform is analyzed monthly by the VerifyMyTrade service. However, WForex is regulated in offshore jurisdictions.
Pros
- Monthly audit and certification of orders.
- Trader protection through a compensation fund.
Cons
- Regulated in offshore jurisdictions.
Account Opening
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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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.
World Forex
Considering that a minimal amount of information is required for registration and the verification process is standard, it can be said that the account opening process at WorldForex is quite simple and convenient.
Account Types
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Account Types | 4.7/5 | 5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
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.
World Forex
WorldForex offers a variety of account types, meeting the needs of different traders, making it a versatile choice.
Pros
- Wide selection of account types, including specialized accounts.
- Availability of a demo account and copy trading services.
Commissions
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Commissions | 5/5 | 3.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1 | — |
| Commission | per 1 lot$2.50 | No data |
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.
World Forex
Low spreads make trading accessible, but relatively high swaps and standard margin rates can increase the overall cost of trading, especially for traders using long-term trading strategies.
Deposit and Withdrawal
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Account Funding Methods |
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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.
World Forex
WorldForex provides convenient and fairly quick methods for depositing and withdrawing funds, but high commissions for withdrawals by payment systems can sometimes be an issue for clients.
Markets and Products
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Markets and Products | 4.5/5 | 3/5 |
| Forex | 60 | 55 |
| Precious Metals | 9 | 4 |
| Energy Carriers | 7 | 2 |
| Soft Commodities | 7 | - |
| Indices | 28 | - |
| Stocks | 86 | 46 |
| ETF | 6 | - |
| Bonds | 7 | - |
| Cryptocurrency | 47 | 17 |
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.
World Forex
The World Forex product range is limited but covers the main asset categories.
Pros
- A large number of currency pairs.
- Spot metals and oil.
- Availability of CFDs on cryptocurrencies.
Cons
- No soft commodities and indices.
- Relatively small number of CFDs on stocks.
- Lack of opportunities for extended portfolio diversification.
Trading Platforms
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Trading Platforms |
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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.
World Forex
World Forex trading platforms offer a wide range of functionalities and ease of use, although the broker lacks an alternative to MetaTrader for mobile and desktop devices.
Analytics
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
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.
World Forex
World Forex offers a decent set of tools for market analysis. However, the analytics section could be more diverse and include additional analytical tools or signals to better support traders.
Education
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Rating | 1/5 | 2/5 |
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.
World Forex
The education section of the World Forex broker provides basic information for beginners, but is limited in scope and learning formats. Expanding and diversifying educational materials could improve its usefulness and appeal to traders.
Customer Support
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| Broker | Ultima Markets | World Forex |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
| Email Support | ||
| Hotline Phones | — | |
| Social Media |
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.
World Forex
The technical support section of World Forex offers a variety of communication channels, ensuring accessibility and convenience for clients.
Comparisons of Ultima Markets and World Forex with other brokers
Conclusion
When choosing between Ultima Markets and World Forex, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: Ultima Markets or World Forex?
Ultima Markets ranks higher than World Forex in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: Ultima Markets or World Forex?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — Ultima Markets or World Forex?
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 Ultima Markets and World Forex?
Ultima Markets: MetaTrader 4, WebTrader. World Forex: MetaTrader 5, MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with Ultima Markets and World Forex?
Ultima Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. World Forex: Forex, Precious Metals, Energy Carriers, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Ultima Markets and World Forex?
Ultima Markets: Standard, ECN, Standard Cent Account, ECN Cent Account. World Forex: W-CENT-fix, W-PROFI-fix, W-CENT, W-PROFI, W-CRYPTO. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Ultima Markets and World Forex?
Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. World Forex: Payeer, Volet, Moneta.ru, Apple Pay, Google Pay, Wallet One, Swift, Visa, Mastercard, Сбербанк Онлайн, Тинькофф Банк, Альфа Банк, Промсвязьбанк, Русский Стандарт, Homebank.kz, Privat24. Check method-specific fees/settlement times.
Which broker is safer — Ultima Markets or World Forex — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
