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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XM
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Ultima Markets
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XM is a global forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. The broker is well-regulated by authorities such as ASIC, CySEC, DFSA, and SCA in the UAE, and provides a full MetaTrader experience. | 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, Commodities, Indices, Thematic Indices, Precious Metals, Energies | CFDs, Forex, Stocks, Indices, Commodities |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $5 | $50 |
| Trading Platforms | MT4, MT5, TradingCentral | UM Social, UM App, MT4 |
| Payment Methods | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer | Alipay, Bitcoin Payments, Mastercard, UnionPay, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius, CMA | FCA, CySEC, FSC, SVGFSA |
| Account Currencies | USD, EUR, GBP, JPY | USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD |
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| Mobile Apps | iOS, Android & Windows | iOS & Android |
| App Review | provides a mobile app for Android and iOS, optimized for each platform. The app offers MT4 and MT5 software, giving full access to over 1,400 instruments. It is reliable with minimal glitches or delays. Features like built-in news, a trading journal, and push notifications provide all necessary trading tools. | 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 | ✓ | ✓ |
| Margin Rate | 0.2% | |
| Account Types | STP | ECN |
| AI / Machine Learning | ✓ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✓ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✗ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. | 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 | $5 | $0 |
| Islamic Account | ✓ | ✗ |
CFD Trading | ||
XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | 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 | 1:10001:30 | 1:30 (EU), 1:2000 (ROW) |
| FTSE Spread | 1.4 | NA |
| GBPUSD Spread | 0.8 | 0.6 |
| Oil Spread | 0.03 | 0.3 |
| Stocks Spread | 0.002 | 0.1 |
Forex Trading | ||
XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | 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 | 0.8 | 0.6 |
| EURUSD Spread | 0.8 | 0.3 |
| EURGBP Spread | 1.5 | 0.6 |
| Assets | 55+ | 30+ |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | ||
| Crypto Spread | Variable | |
| Crypto Coins | BTC, ETH, LTC, XRP, BCH | |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |