Broker Alarab
Broker Comparison

FP Markets vs Ultima Markets: Which Is Better?

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

Quick Recommendation
FP Markets

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

Overall
FP Markets
Beginners
Ultima Markets
Spreads
Tie
Best Overall

FP Markets

Scalping and automated trading

4.3out of 5
FP Markets
Minimum Deposit
$100
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView

Ultima Markets

High leverage trading

4.2out of 5
Ultima Markets
Minimum Deposit
$50
Islamic Account
Available
Trading Platforms
MT4 | MT5 | WebTrader | Mobile App
Final Verdict

Which broker is better: FP Markets or Ultima Markets?

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

Overall Winner
FP Markets

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

Beginners
Ultima Markets
Spreads
Close
Deposit
Ultima Markets
Quick Summary

If you want the stronger overall choice, FP Markets looks more suitable here. For beginners, the closer choice is Ultima Markets. 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 FP Markets and Ultima Markets

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

Best Overall: FP MarketsBeginners: Ultima Markets

Safety & Trust

Reflects regulation strength and client fund protection.

Better: FP Markets
FP Markets4.6 / 5
Ultima Markets4.0 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Small Edge
FP Markets4.5 / 5
Ultima Markets4.3 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
FP Markets4.7 / 5
Ultima Markets4.3 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

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

Support & Customer Service

Compares support quality and overall user experience.

Small Edge
FP Markets4.2 / 5
Ultima Markets4.0 / 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 FP Markets and Ultima Markets.

Quick Summary
Costs Are Close

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

FP Markets Accounts
2
Ultima Markets Accounts
4
Beginners
Ultima Markets
Factor
FP Markets
Ultima Markets
Main Account
Standard
Standard
Min Deposit
$100
$50
Spread
1.0 - 1.5
1.0 - 1.5
Commission
$0
$0
Execution
Market Execution
Market Execution

FP Markets Accounts

2 available accounts

Standard
Spread
1.0 - 1.5
Commission
$0
Deposit
$100
Execution
Market Execution
Raw
Spread
0.0 - 0.3
Commission
$6 per lot
Deposit
$100
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
FP Markets

The strongest overall choice based on this comparison.

Beginners
Ultima Markets
Costs
Very Close
Short Decision

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

FAQs

Questions About FP Markets and Ultima Markets

Key questions before opening an account.

FP Markets
Ultima Markets

What is the real difference between FP Markets Standard and Raw accounts?

Standard uses spread-only pricing starting around 1.0 pip. Raw starts from 0.0 pips and charges approximately $6 per standard lot round turn, making it more relevant to active traders.

Is the FP Markets Raw account always cheaper than Standard?

Not always. Traders must combine the live spread and commission. Raw can be cheaper for scalping and frequent trading, while Standard may be simpler for less active strategies.

Is FP Markets a true ECN broker?

FP Markets provides raw-style pricing and liquidity-based execution commonly associated with ECN trading. However, the ECN label alone does not guarantee lower costs; spread, commission and execution quality matter more.

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.