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Ultima Markets vs Monaxa
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Ultima Markets currently holds a lower overall rating (4.7) compared to Monaxa (4.9).
Ultima Markets has a higher minimum deposit than Monaxa, at 50.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, MAM/PAMM.
Traders should note that
both companies offer the same minimum (0.01) and maximum lot size (100.0).
Each broker offers an equal maximum leverage of 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 ($) | 50.0 | 15.0 |
| Commission | 5.0 | 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 | 4 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Cent | Dealing Desk, STP, ECN |
| Maximal leverage (1:?) | 2000 | 2000 |
| Availability | STP, ECN, Cent | Dealing Desk, STP, ECN |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSC (Mauritius) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform, R WebTrader, UM Social | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, UnionPay, Bitcoin, AliPay, Multiple local methods, Crypto, Apple Pay, Google Pay, USDT, Visa, Mastercard | Wire Transfer, Credit Card, Local Deposits, Multiple local methods, Crypto |
| Account Currency | USD, GBP, EUR, JPY, NZD, CAD, SGD, HKD, AUD | USD, GBP, EUR, JPY, ZAR |
| Languages | English, Spanish, French, German, Japanese, Italian, Indonesian, Malay, Thai, Arabic, Vietnamese, Korean, Turkish, Simplified Chinese, Traditional Chinese | English, Spanish, Portuguese, Japanese, Thai, Arabic, Vietnamese, Hindi, Simplified Chinese, Bahasa Malay |
| Country | Mauritius | Anguilla |
| Trading platform(s) timezone | Cyprus, Hong Kong, Mauritius, Thailand, United Kingdom | Anguilla |
| Other trading instruments | Indices, Commodities, Energies, CFDs, Cryptocurrency, Precious Metals, Bonds, ETFs, Share CFDs, Forex | CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
