Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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RoboForex
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Ultima Markets
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RoboForex is a registered online broker since 2009 under the IFSC in Belize. Traders can select from five different account types (Prime, ECN, R StocksTrader, ProCent, Pro). These accounts allow trades starting from 0.01 lots and offer spreads beginning from 0 pips. In addition to the original service, RoboForex has expanded its platform by introducing the trading of CFDs and by developing a stock trading platform, including the CopyFX system. | Established in 2016, Ultima Markets is a forex and CFD broker regulated by bodies such as CySEC. They offer trading of over 250 CFDs across categories like currencies, stocks, and commodities. Besides the popular MetaTrader 4 platform, Ultima Markets also provides an app and a social trading service for their client's use. | |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | CFDs, Forex, Stocks, Indices, Commodities |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $10 | $50 |
| Trading Platforms | R StocksTrader, MT4, MT5, TradingView | UM Social, UM App, MT4 |
| Payment Methods | Alipay, AstroPay, Cashu, ecoPayz, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Volet, WeChat Pay, Wire Transfer | Alipay, Bitcoin Payments, Mastercard, UnionPay, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | IFSC | FCA, CySEC, FSC, SVGFSA |
| Account Currencies | USD, EUR | USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD |
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| Mobile Apps | iOS & Android, R StocksTrader | iOS & Android |
| App Review | RoboForex offers excellent iOS and Android platforms for short-term trading, including MT4 and MT5. The R StocksTrader app impresses with its wide stock and ETF options, portfolio analytics, customizable watchlists, an events tracker, and fast, reliable trading. However, it lacks the popular cTrader app preferred by many traders. | The Ultima Markets app provides forex trading with quick execution, dynamic charts, and risk management tools. It features a user-friendly interface with customizable layouts and watchlists, available on Apple and Android devices. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, MAM, LAMM | ECN |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | RoboForex’s CopyFX service is tailored for currency traders, offering flexible fund control. The 'Rating' view presents useful metrics on master traders, such as profit/loss, maximum drawdown, balance, and number of trades over periods from 1 week to 6 months. However, the signup process and resources are complex, which might confuse new investors, and the interface lacks the smooth experience offered by leaders like eToro. | UM Social is a copy trading app and social investing network. New users can start in three steps by downloading the app, selecting a trader to follow, and investing money. Performance metrics help users find top-performing traders. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✓ |
| Demo Competitions | ✓ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✓ | ✗ |
CFD Trading | ||
RoboForex provides over 12,000 CFDs, which include forex, stocks, indices, commodities, futures and ETFs. Traders can start with a $10 deposit and enjoy high leverage of up to 1:2000. Despite its offerings, RoboForex has slower execution speeds of 1-3 seconds, compared to IC Market's 0.35 seconds. This could affect traders who employ quick strategies. | Ultima Markets provides traders the opportunity to trade CFDs on currencies, stocks, indices, and commodities using leverage. Traders can predict price movements with quick execution and without any hidden charges. However, the range of offered instruments isn't as extensive as other platforms. | |
| Leverage | 1:2000 | 1:30 (EU), 1:2000 (ROW) |
| FTSE Spread | NA | |
| GBPUSD Spread | 0.4 | 0.6 |
| Oil Spread | 1.7 | 0.3 |
| Stocks Spread | 0.01 | 0.1 |
Forex Trading | ||
RoboForex provides trading options for over 30 currency pairs. It also has competitive average spreads of 0.1 pips on the EUR/USD for Prime and ECN accounts. Traders can start using the CopyFX system, a tool that replicates the strategies of experienced traders, with just a $100 minimum investment. | Ultima Markets provides over 30 currency options including major, minor, and exotic pairs. Forex is available for trading 24/5 with substantial liquidity. The MT4 platform offers effective tools for comprehensive currency trading analysis. | |
| GBPUSD Spread | 0.4 | 0.6 |
| EURUSD Spread | 0.1 | 0.3 |
| EURGBP Spread | 0.4 | 0.6 |
| Assets | 30+ | 30+ |