Broker Comparison

Ultima Markets vs FP Markets: Which Is Better?

A quick comparison between Ultima Markets and FP 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

Ultima Markets

High leverage trading

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

Which broker is better: Ultima Markets or FP 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 Ultima Markets and FP 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.

Small Edge
Ultima Markets4.1 / 5
FP Markets4.5 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

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

Trading Platforms

Based on platform quality and available trading tools.

Close
Ultima Markets4.4 / 5
FP Markets4.5 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

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

Support & Customer Service

Compares support quality and overall user experience.

Close
Ultima Markets4.2 / 5
FP Markets4.1 / 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 Ultima Markets and FP Markets.

Quick Summary
Costs Are Close

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

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

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

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 Ultima Markets and FP Markets

Key questions before opening an account.

Ultima Markets
FP Markets

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.

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.