Broker Comparison

Ic Markets vs Ultima Markets: Which Is Better?

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

Quick Recommendation
Ic Markets

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

Overall
Ic Markets
Beginners
Ultima Markets
Spreads
Ic Markets
Best Overall

Ic Markets

Low spreads

4.5out of 5
Ic Markets
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView

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: Ic Markets or Ultima Markets?

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

Overall Winner
Ic Markets

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

Beginners
Ultima Markets
Spreads
Ic Markets
Deposit
Ultima Markets
Quick Summary

If you want the stronger overall choice, Ic Markets looks more suitable here. For beginners, the closer choice is Ultima Markets. For lower spreads and active trading, Ic Markets looks more relevant.

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

Score Analysis

Strength Analysis Between Ic Markets and Ultima Markets

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

Best Overall: Ic MarketsBeginners: Ultima Markets

Safety & Trust

Reflects regulation strength and client fund protection.

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

Fees & Costs

Measures spreads, trading costs, and general fees.

Better: Ic Markets
Ic Markets4.8 / 5
Ultima Markets4.3 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
Ic Markets4.7 / 5
Ultima Markets4.4 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

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

Support & Customer Service

Compares support quality and overall user experience.

Close
Ic Markets4.4 / 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 Ic Markets and Ultima Markets.

Quick Summary
Ic Markets

Ic Markets looks stronger in terms of cost or spreads.

Ic Markets Accounts
5
Ultima Markets Accounts
4
Beginners
Ultima Markets
Factor
Ic Markets
Ultima Markets
Main Account
Standard
Standard
Min Deposit
$200
$50
Spread
0.8 - 1.0
1.0 - 1.5
Commission
$0
$0
Execution
Market Execution
Market Execution

Ic Markets Accounts

5 available accounts

Standard
Spread
0.8 - 1.0
Commission
$0
Deposit
$200
Execution
Market Execution
Raw Pro+
Spread
0.0 - 0.1
Commission
$1 per lot
Deposit
$200
Execution
Market Execution
Raw Pro
Spread
0.0 - 0.1
Commission
$1.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread
Spread
0.0 - 0.3
Commission
$3.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread (cTrader)
Spread
0.0 - 0.3
Commission
$3 per lot
Deposit
$200
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
Ic Markets

The strongest overall choice based on this comparison.

Beginners
Ultima Markets
Costs
Ic Markets
Short Decision

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

FAQs

Questions About Ic Markets and Ultima Markets

Key questions before opening an account.

Ic Markets
Ultima Markets

What are the typical spreads on IC Markets accounts like Standard and Raw?

On IC Markets, Standard accounts usually have spreads starting from around 0.8 to 1.0 pips, while Raw Spread accounts offer spreads from 0.0 pips with a commission, making them more suitable for active trading strategies.

How much commission does IC Markets charge on Raw accounts?

IC Markets charges around $3.5 per lot on MetaTrader Raw Spread accounts, while cTrader accounts typically have a lower commission of about $3 per 100k traded.

What is the minimum deposit required to open an IC Markets account?

The minimum deposit on IC Markets is generally $200 across most account types, which is higher than some brokers and may not be ideal for traders starting with small capital.

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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