Broker Alarab
Detailed Trading Account Comparison

Trading Account Comparison: IC Markets Raw Provs 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 IC Markets Raw Pro 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.

IC Markets Raw Pro

The IC Markets Raw Pro account is one of the broker’s tight-spread options and is categorized by Broker Alarab for active traders. Spreads range from 0.0–0.1 pips, commission is $1.5 per lot, the minimum deposit is $200 and orders use Market Execution. This positions Raw Pro between Raw Pro+ and Raw Spread as an account that should be compared carefully on spread, commission and trading volume.

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.

IC Markets
Raw Pro
Ultima Markets
ECN Cent

01 — Basic Account Information

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

Broker

IC Markets
IC Markets
Ultima Markets
Ultima Markets

Account Name

IC Markets
Raw Pro
Ultima Markets
ECN Cent

Account Type

IC Markets
raw
Ultima Markets
raw

Broker Regulatory Licenses

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

IC Markets
ASIC | CySEC | FSA | SCB
Ultima Markets
FSC | FSCA

02 — Spreads and Trading Costs

Compare the recorded trading costs without assuming undocumented pricing.

Advertised Spread Range

IC Markets
0.0 - 0.1
Ultima Markets
0.0 - 0.3

Minimum Recorded Spread

Based on the available account information.

IC Markets
0
Ultima Markets
0

Average Recorded Spread

IC Markets
0.05
Ultima Markets
0.1

Advertised Commission

IC Markets
Not specified
Ultima Markets
Not specified

03 — Deposits and Execution

Review account funding requirements and order execution characteristics.

Minimum Deposit

IC Markets
$200
Ultima Markets
$50

Order Execution Method

IC Markets
Market Execution
Ultima Markets
Market Execution

Trading Platforms

Available platforms may differ by account type.

IC 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.

IC Markets
Not classified in this category
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

IC Markets
ASIC | CySEC | FSA | SCB
Ultima Markets
FSC | FSCA

Broker Maximum Leverage

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

IC Markets
1:500
Ultima Markets
1:2000

Open a Trading Account

IC 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.

IC Markets logo

IC Markets

Raw Pro

Ultima Markets logo

Ultima Markets

ECN Cent

Broker Alarab's Assessment

We see IC Markets Raw Pro as an account that is best evaluated through direct comparison rather than isolated figures. Its 0.0–0.1 pip range is relevant to active traders, but the $1.5-per-lot commission should be compared directly with Raw Pro+ and the other Raw options. With a $200 minimum deposit, effective cost and trading volume become the key decision factors.

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

  • ✓Spreads range from 0.0–0.1 pips according to Broker Alarab data
  • ✓Defined commission of $1.5 per lot
  • ✓Categorized for active traders in our account data
  • ✓Minimum deposit is $200
  • ✓Provides tight-spread Raw pricing for traders who prefer it over the Standard model

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

  • !Carries a separate $1.5-per-lot commission
  • !A spread starting at 0.0 does not mean zero trading cost
  • !Commission is higher than Raw Pro+ in our data despite the same listed spread range
  • !Traders need to compare several Raw options before determining the most suitable account

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?

  • •Active traders who prioritize a tight spread range
  • •Traders who prefer Raw pricing with tighter spreads and a separate commission
  • •Users comparing the cost of Raw Pro with Raw Pro+
  • •Frequent traders who calculate transaction costs using actual lot 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

IC Markets Raw Pro vs Raw Pro+: What Is the Difference?

According to Broker Alarab data, the accounts share several important characteristics: 0.0–0.1 pip spreads, a $200 minimum deposit and Market Execution. The clear difference in our table is commission. Raw Pro carries a $1.5-per-lot commission, while Raw Pro+ carries $1 per lot. Total traded lots therefore become important when comparing them. As volume rises, the cumulative effect of the $0.50-per-lot difference increases, making expected trading volume central to the comparison.

Is IC Markets Raw Pro Suitable for Active Traders?

Broker Alarab categorizes Raw Pro for active traders, and its 0.0–0.1 pip spread range is relevant to users who pay close attention to repeated entry and exit costs. Active trading also means the $1.5-per-lot commission repeats as volume increases. The tight spread should therefore not be evaluated alone. Total commission and spread costs should be calculated and compared with Standard and the other Raw accounts before determining whether Raw Pro fits the trader’s actual activity.

Raw Pro vs Raw Spread: Which Cost Structure Is Stronger?

Raw Pro uses 0.0–0.1 pip spreads with a $1.5-per-lot commission in our data, while Raw Spread uses 0.0–0.3 pips with a $7-per-lot commission. Both have a $200 minimum deposit. These figures make comparison important, but suitability cannot be determined from one spread or commission figure alone. Trading volume, strategy and transaction frequency determine how much each pricing difference actually affects the trader.

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 IC Markets Raw Pro account

Raw Pro commission is $1.5 per lot in our data

Broker Alarab data lists a $1.5-per-lot commission for the account. It should be combined with the spread effect when calculating total trading cost.

A 0.0–0.1 pip spread does not mean cost-free trading

Even when the spread reaches the lower end of the listed range, commission remains part of the pricing structure. Spread and commission should therefore be evaluated together.

Raw Pro and Raw Pro+ require a direct comparison

Both accounts have the same spread range and minimum deposit in our data, while their commissions differ. Trading volume therefore becomes central to the comparison.

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 IC Markets Raw Pro is 0.0 - 0.1, 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 IC Markets Raw Pro is $200, 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 IC Markets Raw Pro vs Ultima Markets ECN Cent

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

What is the difference between IC Markets Raw Pro and Ultima Markets ECN Cent?+
The recorded spread for IC Markets Raw Pro is 0.0 - 0.1, 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 IC Markets Raw Pro account?+
The IC Markets Raw Pro account is one of the broker’s tight-spread options and is categorized by Broker Alarab for active traders. According to our data, spreads range from 0.0–0.1 pips, commission is $1.5 per lot, the minimum deposit is $200 and orders use Market Execution. The account is particularly relevant to compare with Raw Pro+ because their spread ranges match while commission differs.
What is the IC Markets Raw Pro spread and commission?+
According to Broker Alarab data, IC Markets Raw Pro spreads range from 0.0–0.1 pips and commission is $1.5 per lot. A spread reaching 0.0 does not mean the transaction has zero cost because commission remains a direct pricing component. Spread and commission should therefore be calculated together, particularly for active traders operating at higher volume or frequency.
What is the IC Markets Raw Pro minimum deposit?+
The IC Markets Raw Pro minimum deposit listed in Broker Alarab data is $200. This matches the minimum currently stored for the other IC Markets accounts in our table. The $200 amount represents the account requirement in our database and should not be interpreted as a recommendation for suitable trading capital or risk management.
What is the difference between IC Markets Raw Pro and Raw Pro+?+
Both accounts have 0.0–0.1 pip spreads, a $200 minimum deposit and Market Execution according to our data. The main difference is commission: Raw Pro carries a $1.5-per-lot commission, while Raw Pro+ carries a $1-per-lot commission. Trading volume and the total number of lots therefore become important when comparing their effective costs.
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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