Broker comparison

Ultima Markets vs XTB Comparison

Compare trading conditions, commissions and platforms of Forex brokers Ultima Markets and XTB. Find out which broker is best for you.

VS summaryScores and ranking at a glance
Ultima MarketsHigher ranked
Rating
4.4/5
Rank
#20
Register

Trading CFDs carries high risks. You may lose all invested funds

XTB
Rating
4.2/5
Rank
#62
Register

69-80% of retail investors lose money when trading CFDs with this broker

  • Conditions, fees and platforms compared
  • Ratings and ranking positions checked
  • Based on our review methodology
How we compare brokers
Updated
Author · Editor

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 XTB?

Quick comparison

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.

Methodology

Ratings and ranks

Ultima Markets ranks higher in the editorial ranking.
Ultima Markets
Rating: 4.4/5Rank: #20
XTB
Rating: 4.2/5Rank: #62

Ultima Markets

Minimum deposit · USD
50 USD
Different platforms
  • MetaTrader 4
  • WebTrader

XTB

Minimum deposit · USD
1 USD
Different platforms
  • xStation

This material is not personalized financial advice. Terms and service availability vary by country.

Full broker ranking

Comparison Table of Ultima Markets and XTB

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Overview: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Foundation Year
2016
2002
Regulated in Countries
Mauritius, Cyprus
Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany
Minimum Deposit
  • 50 USD
  • 1 USD
Spread
from 0 points
from 0.5 points
Max Leverage
1:2000
1:500
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • WebTrader
  • xStation
Review

Ultima Markets Review

Ultima Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 4WebTrader

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

  1. Low trading commissions.
  2. Coverage of all major trading asset markets.
  3. Extensive analytical materials and tools.
  4. Efficient technical support.

Cons

  1. Lack of educational materials.
  2. No phone support.

Ultima Markets is in the top 10 of the following ratings:

XTB Review

XTB Logo
Register69-80% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
xStation

XTB is a highly regulated broker with licenses from leading bodies such as the FCA, reinforcing its reliability and transparency. This broker offers a wide range of trading products, including currencies, indices, commodities, stocks, and cryptocurrencies, making it a flexible choice for traders of different levels and interests. Various deposit options and advanced analytical support further enhance its appeal against competitors.

XTB suits traders who value regulation and security, those looking for various trading tools, and those who want access to extensive analytical resources. The broker will especially suit active traders who maximize low spreads and product diversity.

Pros and Cons of XTB

Pros

  1. Regulated by several leading financial authorities.
  2. Variety of methods to deposit funds.
  3. Wide range of trading assets.
  4. Extensive analytical tools and resources.

Cons

  1. Withdrawal methods are limited.
  2. Lack of educational materials.

Reliability

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Reliability: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Reliability
4.4/5
5/5
Foundation Year
2016
2002
Regulated in Countries
Mauritius, Cyprus
Belize, Poland, United Kingdom, Spain, United Arab Emirates, Germany
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

  1. Regulation by FSC and CySEC.
  2. Membership in The Financial Commission.
  3. Insurance coverage up to $1,000,000 USD.

Cons

  1. Lack of licenses from stricter regulators such as the FCA or ASIC.

XTB

XTB is quite reliable, considering regulation in several authoritative jurisdictions.

Account Opening

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Account Opening: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Account Opening
5/5
4.5/5
Minimum Deposit
  • 50 USD
  • 1 USD

Ultima Markets

The account opening process at Ultima Markets is easy, convenient, and quick, making it attractive for new clients.

Pros

  1. Simple and fast registration.
  2. Accessible minimum deposit.
  3. Verification using standard documents.

XTB

The account opening process at XTB is simple and clear, but takes some time.

Pros

  1. Easy registration and data verification.
  2. Flexibility regarding the minimum deposit.
  3. Adherence to KYC and AML standards.

Cons

  1. Verification can take time.
  2. Need to provide a large volume of personal data.

Account Types

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Account Types: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Account Types
4.7/5
3.5/5
Trading Accounts
  • Standard
  • ECN
  • Standard Cent Account
  • ECN Cent Account
  • Standard
  • Swap Free
Minimum Deposit
  • 50 USD
  • 1 USD
Spread
from 0 points
from 0.5 points
Max Leverage
1:2000
1:500
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • WebTrader
  • xStation
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

  1. A variety of accounts for different categories of traders.
  2. Islamic accounts available.
  3. Own copy trading platform.

Cons

  1. Lack of fixed spread accounts.

XTB

XTB’s account types cover the core needs of most traders and investors: a Standard and Swap-Free account for CFD trading plus a separate investment account for real stocks and ETFs, though the overall choice is less diverse than some rivals.

Pros

  1. Simple lineup: Standard, Swap-Free and Investment account.
  2. Access to real stocks and ETFs with one broker.
  3. Unified xStation platform for trading and investing.

Cons

  1. Fewer account types than some competitors.
  2. No specialized “pro” accounts for niche strategies.

Commissions

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Commissions: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Commissions
5/5
3.5/5
Spread
from 0 points
from 0.5 points
Average Spread (EURUSD)
1
1.4
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

  1. Low commissions on ECN account ($5 per lot).
  2. Tight spreads on standard account.
  3. No inactivity fees and withdrawal fees.

XTB

XTB offers an average level of commissions.

Pros

  1. Cashback system helps to offset some of the commissions.

Cons

  1. Fee for account inactivity.

Deposit and Withdrawal

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Deposit and Withdrawal: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Rating
4.5/5
4/5
Account Funding Methods
  • Alipay
  • Bank Transfer
  • UnionPay
  • Visa
  • Mastercard
  • Online banking
  • Neteller
  • Skrill
  • PaySafeCard
  • Bank Transfer
  • Visa
  • Mastercard
  • Maestro

Ultima Markets

Ultima Markets offers convenient deposit and withdrawal methods with minimal costs and fast processing time, making the broker attractive for traders.

Pros

  1. Wide range of deposit and withdrawal methods.
  2. No withdrawal fees.

Cons

  1. Withdrawal time up to 5 business days.

XTB

XTB provides convenient methods for depositing funds without a commission, but has limited withdrawal options.

Pros

  1. Wide selection of deposit methods.
  2. No commission for depositing funds.
  3. No commission for withdrawals over $50.

Cons

  1. The only available withdrawal method is bank transfer.
  2. Commission of $30 for withdrawals less than $50.

Markets and Products

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Markets and Products: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Markets and Products
4.5/5
5/5
Forex
60
57
Precious Metals
9
9
Energy Carriers
7
5
Soft Commodities
7
10
Indices
28
35
Stocks
86
1997
ETF
6
177
Bonds
7
3
Cryptocurrency
47
41

Ultima Markets

Ultima Markets provides a wide selection of markets and products, satisfying the needs of most traders.

Pros

  1. Wide assortment of CFDs.
  2. Coverage of all major markets.

Cons

  1. Average number of stock CFDs compared to competitors.

XTB

XTB offers an extensive range of markets and products for trading, including currency pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.

Trading Platforms

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Trading Platforms: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Rating
4/5
4.2/5
Trading Platforms
  • MetaTrader 4
  • WebTrader
  • xStation

Ultima Markets

Ultima Markets' trading platforms are user-friendly and functional, making them an excellent choice for most traders.

Pros

  1. Support for MT4 with extensive functionality.
  2. Intuitive mobile application.

Cons

  1. Limited choice of platforms.

XTB

XTB offers its functional and user-friendly trading platform xStation 5, well-suited for market analysis.

Pros

  1. A multitude of analytical tools.
  2. Customizable terminal interface.
  3. Android mobile app available.

Cons

  1. Lack of choice between different trading platforms.
  2. No platform version for iOS devices.
  3. No desktop version of the platform.

Analytics

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Analytics: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Rating
4/5
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

  1. Up-to-date market news.
  2. Expert analysis of popular instruments.
  3. Economic calendar and trading calculators.

Cons

  1. Lack of unique analytical tools.
  2. Limited number of specialized reviews.

XTB

XTB offers superior analytics with a rich set of tools available to all users, making them one of the leaders in this area.

Pros

  1. In-depth analytics, including forecasts from experts and news.
  2. A wide range of analysis tools, including an economic calendar and trading schedules.
  3. Analytics available to all users, not only company clients.

Education

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Education: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
Rating
1/5
3/5

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

  1. Unlimited demo account.

Cons

  1. Absence of webinars and video tutorials.
  2. Lack of articles and podcasts.

XTB

XTB's educational materials are limited.

Pros

  1. Basic trading information is provided.

Cons

  1. Lack of webinars and detailed video tutorials.
  2. Not suitable for beginners seeking comprehensive education.

Customer Support

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Customer Support: comparison of Ultima Markets, XTB
BrokerUltima MarketsXTB
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

  1. 24/7 support.
  2. High response speed.
  3. Variety of communication channels (email, chat, Telegram).

Cons

  1. No phone support.

XTB

XTB's technical support is generally good, available 24/5.

Pros

  1. Operates 24/5.
  2. Contact options include phone and email.
  3. Responses to inquiries are received within a reasonable timeframe.

Cons

  1. Lack of messaging channels for communication.

Comparisons of Ultima Markets and XTB with other brokers

Conclusion

When choosing between Ultima Markets and XTB, 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 XTB?

Ultima Markets ranks higher than XTB 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 XTB?

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 XTB?

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 XTB?

Ultima Markets: MetaTrader 4, WebTrader. XTB: xStation. See the “Platforms” section for details and selection tips.

What markets can you trade with Ultima Markets and XTB?

Ultima Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Bonds, Cryptocurrency. XTB: 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 Ultima Markets and XTB?

Ultima Markets: Standard, ECN, Standard Cent Account, ECN Cent Account. XTB: Standard, Swap Free. See “Account Types” for a side-by-side comparison.

What deposit and withdrawal methods are supported by Ultima Markets and XTB?

Ultima Markets: Alipay, Bank Transfer, UnionPay, Visa, Mastercard, Online banking. XTB: Neteller, Skrill, PaySafeCard, Bank Transfer, Visa, Mastercard, Maestro. Check method-specific fees/settlement times.

Which broker is safer — Ultima Markets or XTB — and how was this assessed?

We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.