Choose Ultima Markets if you want…
Traders who want CySEC-backed raw-spread accounts with global reach and high offshore leverage.
Ultima Markets
⭐ 4.1 / 5
VS
XM
⭐ 4.5 / 5
Ultima Markets vs XM — which broker is better in 2026?
We compared Ultima Markets and XM across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. XM wins on more criteria (4 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| Ultima Markets | XM | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.1 / 5 | ⭐ 4.5 / 5 | XM |
| Regulators | CySEC, FSC Mauritius | CySEC, ASIC, IFSC, DFSA | XM |
| Min. deposit | $50 | $5 | XM |
| Spreads from | 0.0 pips (Raw) | 0.6 pips (Ultra Low) | Ultima Markets |
| Max. leverage | 1:500 | Up to 1:30 (EU retail) / 1:1000 (offshore) | — |
| Platforms | MT4, MT5 | MT4, MT5, XM WebTrader, XM Mobile | XM |
| Founded | 2016 | 2009 | — |
| HQ | Port Louis, Mauritius | Limassol, Cyprus | — |
Pros & cons compared
Ultima Markets pros
- ✓ CySEC + FSC Mauritius regulation
- ✓ Raw spreads from 0.0 pips
- ✓ Investor Compensation Fund (ICF) membership on the EU entity
- ✓ Full MT4 and MT5 support
Cons
- ✗ Offshore entity used for the higher 1:500 leverage
- ✗ Younger brand with limited public track record
- ✗ Modest proprietary tooling beyond MetaTrader
XM pros
- ✓ $5 minimum deposit — the lowest in the regulated peer group
- ✓ Industry-leading educational content (XM Live webinars, daily research)
- ✓ Multi-jurisdictional regulation: CySEC, ASIC, IFSC, DFSA
- ✓ Strong MENA presence with Arabic platform + local payment methods
- ✓ Negative balance protection on all account types
Cons
- ✗ Spreads on Standard account (1.6+ pips) are uncompetitive vs ECN brokers
- ✗ EU leverage capped at 1:30 retail (ESMA rules)
- ✗ Limited cTrader availability — MT4/MT5 only
Which one should you choose?
Choose XM if you want…
Beginners, low-deposit traders, and education-focused traders, especially in MENA and Asia.
Frequently asked questions
Which is better — Ultima Markets or XM?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), XM wins 4 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is Ultima Markets more regulated than XM?
Ultima Markets holds licenses from: CySEC, FSC Mauritius. XM holds licenses from: CySEC, ASIC, IFSC, DFSA. XM has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at Ultima Markets vs XM?
Ultima Markets spreads start from 0.0 pips (Raw). XM spreads start from 0.6 pips (Ultra Low). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, Ultima Markets or XM?
Ultima Markets: $50. XM: $5. XM has the lower entry barrier.
