Broker Alarab
Detailed Trading Account Comparison

Trading Account Comparison: FP Markets Rawvs Ultima Markets ECN Cent

Explore differences in spreads, commissions, deposits and trading conditions, alongside a detailed review of each account's advantages and limitations.

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ACCOUNT OVERVIEW

What Makes FP Markets Raw Different from Ultima Markets ECN Cent?

Before comparing the numbers, it is important to understand the purpose of each account and the conditions that may make it suitable for different traders.

FP Markets Raw

The FP Markets Raw account is the broker’s low-spread option and is categorized by Broker Alarab for scalpers and active traders. According to our data, spreads range from 0.0–0.3 pips with a recorded average of 0.1 pip, commission is $6 per lot, the minimum deposit is $100 and orders use Market Execution. Raw differs from Standard primarily in how trading costs are divided between spreads and commission.

Ultima Markets ECN Cent

The Ultima Markets ECN Cent account combines a cent-account structure with tight ECN-style pricing, providing an alternative for traders seeking greater trading-size flexibility without using Standard Cent pricing. According to Broker Alarab data, spreads range from 0.0–0.3 pips, a separate commission applies, the minimum deposit is $50 and orders use Market Execution, making comparison with Standard Cent particularly important.

SIDE-BY-SIDE COMPARISON

Compare Trading Accounts, Spreads, Commissions and Platforms

Review spreads, commissions, minimum deposits, trading platforms, execution methods and broker-level regulatory information.

FP Markets
Raw
Ultima Markets
ECN Cent

01 — Basic Account Information

Compare the broker, account name, account classification and regulatory information.

Broker

FP Markets
FP Markets
Ultima Markets
Ultima Markets

Account Name

FP Markets
Raw
Ultima Markets
ECN Cent

Account Type

FP Markets
raw
Ultima Markets
raw

Broker Regulatory Licenses

Broker-level regulatory information. Verify which legal entity serves your country.

FP Markets
ASIC | CySEC | FSCA | FSA | FSC | CMA
Ultima Markets
FSC | FSCA

02 — Spreads and Trading Costs

Compare the recorded trading costs without assuming undocumented pricing.

Advertised Spread Range

FP Markets
0.0 - 0.3
Ultima Markets
0.0 - 0.3

Minimum Recorded Spread

Based on the available account information.

FP Markets
0
Ultima Markets
0

Average Recorded Spread

FP Markets
0.1
Ultima Markets
0.1

Advertised Commission

FP Markets
Not specified
Ultima Markets
Not specified

03 — Deposits and Execution

Review account funding requirements and order execution characteristics.

Minimum Deposit

FP Markets
$100
Ultima Markets
$50

Order Execution Method

FP Markets
Market Execution
Ultima Markets
Market Execution

Trading Platforms

Available platforms may differ by account type.

FP Markets
MT4 | MT5 | cTrader | TradingView
Ultima Markets
MT4 | MT5 | WebTrader | Mobile App

04 — Account Features and Conditions

Review relevant account characteristics and trading suitability.

Scalping Suitability

An internal classification, not a guarantee of suitability.

FP Markets
Classified as suitable for scalping
Ultima Markets
Not classified in this category

05 — Broker Information and Regulation

Broker-level information does not guarantee that every license applies to the selected account.

Listed Regulatory Licenses

FP Markets
ASIC | CySEC | FSCA | FSA | FSC | CMA
Ultima Markets
FSC | FSCA

Broker Maximum Leverage

Actual leverage may depend on the account, jurisdiction and legal entity.

FP Markets
1:500
Ultima Markets
1:2000

Open a Trading Account

FP Markets
Open Account ↗
Ultima Markets
Open Account ↗

Information is based on records available to Broker Alarab. Trading conditions may vary by account, country and legal entity.

EXPERT ANALYSIS

Broker Alarab's Assessment of Both Accounts

We review each account independently, highlighting strengths, limitations and the types of traders it may suit, without declaring an unsupported winner.

FP Markets logo

FP Markets

Raw

Ultima Markets logo

Ultima Markets

ECN Cent

Broker Alarab's Assessment

We see FP Markets Raw as particularly relevant to traders prioritizing tight spreads, with its listed 0.0–0.3 pip range and 0.1-pip recorded average. However, the $6 per-lot commission is an essential cost component and should not be ignored. Evaluating Raw, especially against Standard, should therefore focus on expected total cost and trading volume rather than the spread figure alone.

Broker Alarab's Assessment

We see Ultima Markets ECN Cent as the more specialized of the broker’s two cent accounts because it combines Cent-account flexibility with a 0.0–0.3 pip spread range in our data. It is not automatically the cheaper option because a separate commission applies. Its value is strongest for Cent traders who prioritize tighter pricing over the simpler Standard Cent model.

Account Advantages

  • ✓Listed spreads range from 0.0–0.3 pips according to Broker Alarab data
  • ✓Recorded average spread is 0.1 pip
  • ✓Tighter listed spread range than the Standard account
  • ✓Categorized for scalpers and active traders
  • ✓The $100 minimum deposit is the same as Standard

Account Advantages

  • ✓Combines a Cent-account structure with ECN-style pricing
  • ✓Spreads range from 0.0–0.3 pips according to Broker Alarab data
  • ✓Clearly tighter spread range than Standard Cent
  • ✓The minimum deposit is $50 according to our data
  • ✓Provides an alternative to Standard Cent for traders who prefer tighter spreads with a separate commission

Disadvantages and Considerations

  • !A $6 per-lot trading commission applies according to our data
  • !A spread starting at 0.0 does not mean trading cost is zero
  • !Higher total trading volume increases the cumulative impact of commission
  • !Traders should compare both spread and commission with Standard rather than relying on the minimum spread alone

Disadvantages and Considerations

  • !Carries a separate trading commission according to the account data
  • !Pricing is more complex than Standard Cent, which has no separate commission
  • !A spread starting at 0.0 does not mean zero total trading cost
  • !Spread and commission must be evaluated together against actual trading volume

Who Is This Account Suitable For?

  • •Scalpers according to Broker Alarab account categorization
  • •Active traders who prioritize tight spreads
  • •Users who prefer a pricing model that separates commission from the spread
  • •Traders comparing Raw with Standard who can evaluate total cost based on their trading volume

Who Is This Account Suitable For?

  • •Traders specifically looking for an Ultima Markets ECN Cent account
  • •Users seeking a Cent structure with tighter spreads than Standard Cent
  • •Traders focused on entry and exit pricing who are comfortable with a separate commission
  • •Users who want Cent-account flexibility with an ECN-style pricing model

Detailed Account Analysis

Does the FP Markets Raw Spread Start From 0.0 Pips?

Yes. The recorded minimum spread for FP Markets Raw is 0.0 pips, while the full listed range is 0.0–0.3 pips and the recorded average is 0.1 pip according to Broker Alarab data. The 0.0 figure does not mean trading is cost-free, however, because the account carries a $6 per-lot commission. Spread figures should therefore be read together with commission when evaluating costs.

FP Markets Raw vs Standard: Tighter Spreads or No Commission?

Raw and Standard use different pricing models. Raw has listed spreads of 0.0–0.3 pips with a $6 per-lot commission, while Standard has 1.0–1.5 pip spreads without a separate commission. Both accounts have a $100 minimum deposit. The comparison therefore centers on whether tighter spreads plus commission are more suitable for the trader’s expected volume and frequency than wider spreads without a separate commission.

Why Does Trading Volume Matter for FP Markets Raw Commission?

The recorded Raw commission is $6 per lot, making total traded lots an important factor when estimating costs. As cumulative trading volume increases, the commission component has a larger impact on total transaction costs. This is particularly relevant because the account is categorized for scalpers and active traders, trading styles that may involve greater transaction frequency than less active approaches.

Detailed Account Analysis

Ultima Markets ECN Cent vs Standard Cent: Which Is Better?

This is the key comparison for traders looking for an Ultima Markets cent account. Both use a Cent structure and have a $50 minimum deposit according to Broker Alarab data, but pricing is different. Standard Cent uses a 1.0–1.5 pip range with no separate commission, while ECN Cent narrows spreads to 0.0–0.3 pips and adds a commission. Standard Cent therefore provides simpler pricing, while ECN Cent is worth evaluating for traders who place greater importance on tighter spreads.

How Do Ultima Markets ECN Cent Trading Costs Work?

The account has two main cost components: spread and commission. Its 0.0–0.3 pip range is clearly tighter than Standard Cent, but the presence of commission means comparing the accounts using spread alone would be incomplete. Traders should consider position size, trading frequency and resulting commission, then compare total cost with the commission-free Standard Cent pricing model.

Is ECN Cent Suitable for Moving From Demo to Live Trading?

The account can be relevant to traders who want a live Cent environment while experiencing a cost structure closer to ECN pricing instead of relying only on Standard-style spreads. This provides practical exposure to spreads, commissions and position sizing. A Cent account does not remove market or leverage risk, however, so ECN Cent should be viewed as a different account structure rather than a risk-free substitute for regular trading accounts.

Important details about the FP Markets Raw account

Commission is $6 per lot

This commission is a core component of the Raw pricing model according to Broker Alarab data and should be evaluated alongside the spread when comparing Raw with Standard.

0.0 pips is the start of the spread range, not zero cost

The listed spread ranges from 0.0–0.3 pips with a 0.1-pip recorded average, but the separate commission means trading cost is not zero even when the spread reaches 0.0.

The minimum deposit is $100

Raw and Standard have the same recorded $100 minimum deposit. This figure represents an account requirement rather than a recommendation for appropriate trading capital.

Important details about the Ultima Markets ECN Cent account

ECN Cent commission is part of effective trading cost

The account combines tight spreads with a separate commission. Traders should therefore consider the actual commission generated by their trading volume when comparing ECN Cent with Standard Cent.

Tighter spreads do not automatically mean lower total cost

ECN Cent spreads range from 0.0–0.3 pips in our data, but a separate commission applies. Spread and commission should therefore be evaluated together rather than relying on either figure alone.

A Cent account remains a live trading account

The cent structure provides greater flexibility in trading size but does not eliminate market or leverage risk. Position sizing and risk management remain important when using ECN Cent.

Read the Full Account Review →
Read the Full Account Review →
DECISION GUIDE

How to Choose the Right Trading Account

Numbers alone are not enough. Account suitability depends on your trading strategy, capital, financial instruments and the conditions applicable to you.

01

Compare Spreads and Commissions Together

The recorded spread for FP Markets Raw is 0.0 - 0.3, while Ultima Markets ECN Cent shows 0.0 - 0.3. Evaluating overall trading costs also requires checking commission rates, pricing units, instruments and position sizes.

02

Review Minimum Deposit Requirements

The recorded minimum deposit for FP Markets Raw is $100, compared with $50 for Ultima Markets ECN Cent. A lower deposit requirement may provide more flexibility, but it does not automatically make an account better.

03

Compare Trading Platforms and Execution

Check which trading platforms each broker actually offers for the selected account, including MetaTrader 4 or MetaTrader 5 where supported. Also review execution policies and potential slippage. Availability and conditions may vary by account and country.

04

Verify Regulation and Eligibility

Confirm the legal entity that will serve your account, the regulatory framework applicable to that entity, and whether the selected account is available in your country.

FREQUENTLY ASKED QUESTIONS

FAQs About FP Markets Raw vs Ultima Markets ECN Cent

Answers to common questions about account comparisons, trading costs and account conditions.

What is the difference between FP Markets Raw and Ultima Markets ECN Cent?+
The recorded spread for FP Markets Raw is 0.0 - 0.3, compared with 0.0 - 0.3 for Ultima Markets ECN Cent. The advertised commissions are Not specified and Not specified, respectively. You should also consider execution conditions, deposit requirements and account availability.
Is the account with the lowest spread always better?+
Not necessarily. Trading costs should be evaluated using both spreads and commissions, while considering the financial instrument, position size and execution conditions.
Can I compare two accounts from the same broker?+
Yes. Broker Alarab allows traders to compare accounts from the same broker or from different brokers.
How can I verify the trading conditions?+
Review the broker's official account specifications, applicable legal entity and trading conditions. Spreads, commissions and leverage may vary by instrument, account and jurisdiction.
What is the FP Markets Raw account?+
FP Markets Raw is a low-spread account categorized by Broker Alarab for scalpers and active traders. According to our data, spreads range from 0.0–0.3 pips with a recorded average of 0.1 pip, commission is $6 per lot, the minimum deposit is $100 and orders use Market Execution.
What is the FP Markets Raw spread?+
The spread recorded for FP Markets Raw ranges from 0.0–0.3 pips, while the recorded average spread is 0.1 pip according to Broker Alarab data. A spread reaching 0.0 does not mean cost-free trading because the account also carries a $6 per-lot commission.
What is the FP Markets Raw commission and minimum deposit?+
According to Broker Alarab data, the Raw account commission is $6 per lot and the minimum deposit is $100. This is the same minimum deposit recorded for Standard, but Standard has no separate trading commission and uses a wider listed spread range.
What is the difference between FP Markets Raw and Standard?+
Raw has listed spreads of 0.0–0.3 pips and a $6 per-lot commission, while Standard has 1.0–1.5 pip spreads with a $0 separate commission. Both accounts start from $100 and use Market Execution, so the primary difference is how trading costs are divided between spread and commission.
What is the Ultima Markets ECN Cent account?+
The Ultima Markets ECN Cent account combines a Cent-account structure with tighter spreads and a separate commission. According to Broker Alarab data, spreads range from 0.0–0.3 pips, the minimum deposit is $50 and orders use Market Execution. Its main difference from Standard Cent is the pricing model, making it relevant to traders seeking Cent flexibility with ECN-style costs.
What is the Ultima Markets ECN Cent spread and commission?+
According to Broker Alarab data, ECN Cent spreads range from 0.0–0.3 pips and a separate trading commission applies. The account should therefore not be evaluated using spread alone. Position size and resulting commission should be considered alongside spread when calculating costs or comparing ECN Cent with Standard Cent.

Explore Both Trading Accounts in Detail

Review the full account information, compare trading conditions and verify the broker's requirements before opening an account.

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