Broker Comparison

Alpari vs Ultima Markets: Which Is Better?

A quick comparison between Alpari and Ultima Markets across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
Ultima Markets

Best overall based on rating, usability, fees, and account access.

Overall
Ultima Markets
Beginners
Tie
Spreads
Tie

Alpari

High leverage

4.3out of 5
Alpari
Minimum Deposit
$30
Islamic Account
Available
Trading Platforms
MT4 | MT5
Best Overall

Ultima Markets

High leverage trading

4.3out of 5
Ultima Markets
Minimum Deposit
$50
Islamic Account
Available
Trading Platforms
MT4 | MT5 | WebTrader | Mobile App
Final Verdict

Which broker is better: Alpari or Ultima Markets?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
Ultima Markets

Best balance between rating, fees, trust, and usability.

Beginners
Close
Spreads
Close
Deposit
Alpari
Quick Summary

If you want the stronger overall choice, Ultima Markets looks more suitable here. For beginners, the closer choice is both brokers. For lower spreads and active trading, the lower-cost account type looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between Alpari and Ultima Markets

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: Ultima MarketsBeginners: Very Close

Safety & Trust

Reflects regulation strength and client fund protection.

Small Edge
Alpari4.0 / 5
Ultima Markets4.3 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Close
Alpari4.2 / 5
Ultima Markets4.3 / 5

Trading Platforms

Based on platform quality and available trading tools.

Close
Alpari4.4 / 5
Ultima Markets4.4 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Close
Alpari4.3 / 5
Ultima Markets4.4 / 5

Support & Customer Service

Compares support quality and overall user experience.

Close
Alpari4.4 / 5
Ultima Markets4.3 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between Alpari and Ultima Markets.

Quick Summary
Costs Are Close

There is no clear cost winner; the account type is the key factor.

Alpari Accounts
4
Ultima Markets Accounts
4
Beginners
Very Close
Factor
Alpari
Ultima Markets
Main Account
Micro
Standard
Min Deposit
$30
$50
Spread
1.7 – 2.2
1.0 - 1.5
Commission
$0
$0
Execution
Market Execution
Market Execution

Alpari Accounts

4 available accounts

Micro
Spread
1.7 – 2.2
Commission
$0
Deposit
$30
Execution
Market Execution
Standard
Spread
1.2 – 1.7
Commission
$0
Deposit
$100
Execution
Market Execution
ECN
Spread
0.4 – 0.9
Commission
$3 per lot
Deposit
$300
Execution
Market Execution
Pro ECN
Spread
0.0 – 0.3
Commission
$4 per lot
Deposit
$500
Execution
Market Execution

Ultima Markets Accounts

4 available accounts

Standard
Spread
1.0 - 1.5
Commission
$0
Deposit
$50
Execution
Market Execution
ECN
Spread
0.0 - 0.3
Commission
$5 per lot
Deposit
$50
Execution
Market Execution
Standard Cent
Spread
1.0 - 1.5
Commission
$0
Deposit
$50
Execution
Market Execution
ECN Cent
Spread
0.0 - 0.3
Commission
$5 per lot
Deposit
$50
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
Ultima Markets

The strongest overall choice based on this comparison.

Beginners
Both Suitable
Costs
Very Close
Short Decision

Choose Ultima Markets if you want the strongest overall option. For an easier start, the closer choice is both brokers.

FAQs

Questions About Alpari and Ultima Markets

Key questions before opening an account.

Alpari
Ultima Markets

Is Alpari a regulated broker and how safe is it?

Alpari is registered in Mwali and regulated by the Mwali International Services Authority (MISA), which is considered an offshore regulator. It is not regulated by top-tier authorities like FCA or ASIC, which means lower investor protection compared to major brokers.

What happened to Alpari in 2015 and why is it important?

Alpari UK went into insolvency in 2015 after the Swiss franc crisis, leading to the closure of its regulated UK entity. The current Alpari operates under a different offshore structure.

What is the minimum deposit required to start trading with Alpari?

Alpari allows traders to start from around $30 on Micro accounts, while higher-tier accounts such as ECN and Pro ECN require deposits starting from $300 to $500.

Is Ultima Markets a legit broker or a scam?

Ultima Markets is a real trading broker operating under entities such as FSC and FSCA. While it provides actual trading services, its regulatory strength is lower than top-tier brokers, which is why some user complaints exist, usually related to withdrawals or verification processes.

How fast are withdrawals from Ultima Markets?

Withdrawals at Ultima Markets are generally fast for crypto and e-wallets, often processed within hours, while bank transfers can take between 1 to 5 business days depending on the method and verification status.

Why is my withdrawal delayed on Ultima Markets?

Withdrawal delays are usually caused by incomplete account verification, security checks, or using a different withdrawal method than the deposit method, which are standard procedures for fund protection.

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