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FIBO Group (Cyprus) vs Ultima Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FIBO Group (Cyprus) currently holds a lower overall rating (3.9) compared to Ultima Markets (4.8).
FIBO Group (Cyprus) has a higher minimum deposit than Ultima Markets, at 300.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but FIBO Group (Cyprus) has a maximum lot size of 200.0, while Ultima Markets offers 100.0.
FIBO Group (Cyprus) offers a lower maximum leverage of 1:400, whereas Ultima Markets allows trading with up to 1:2000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 300.0 | 50.0 |
| Commission | 0.0 | 5.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 200.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker, NDD | STP, ECN, Cent |
| Maximal leverage (1:?) | 400 | 2000 |
| Availability | Market Maker, NDD | STP, ECN, Cent |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus) | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, R WebTrader, UM Social |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Western Union, WebMoney, Neteller, Skrill, Okpay | Wire Transfer, Credit Card, UnionPay, Bitcoin, AliPay, Multiple local methods, Crypto, Apple Pay, Google Pay, USDT, Visa, Mastercard |
| Account Currency | USD, GBP, EUR, CHF, RUB | USD, GBP, EUR, JPY, NZD, CAD, SGD, HKD, AUD |
| Languages | English, Spanish, German, Russian, Chinese, Indonesian, Arabic, Farsi | English, Spanish, French, German, Japanese, Italian, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean, Turkish, Simplified Chinese, Traditional Chinese |
| Country | Cyprus | Mauritius |
| Trading platform(s) timezone | Austria, Cyprus, Germany, Kazakhstan, Russia, Singapore, Ukraine | Cyprus, Hong Kong, Mauritius, Thailand, United Kingdom |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, CFDs | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals, Bonds, ETFs, Share CFDs, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
