Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| Exness | Ultima Markets | |
|---|---|---|
| Overall score | 3.97 / 5 | 3.56 / 5 |
| Regulation | CySEC No. 178/12 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD025 Exness Group also holds licences in Seychelles (FSA), Mauritius (FSC), BVI (FSC), Curacao (CBCS), Jordan and the UAE, but these are not on the approved Tier-1 list so are excluded here. FCA-licensed via Exness (UK) Ltd; per Exness's own disclosures this entity does not serve retail clients -- confirm current status before relying on it. |
CySEC No. 426/23 + FCA No. 470325 CySEC licence 426/23 is held by a separate group entity, Ultima Markets Cyprus Ltd, serving EU clients -- a different legal entity from the UK FCA firm reviewed here. Worth knowing: Ultima Markets UK Limited is not a freshly authorised company -- it's an existing FCA shell entity (authorised since 2007) that has changed names and ownership several times, most recently as Tiger Brokers (UK) Ltd before Ultima Markets acquired it in 2025 and renamed it. The FCA register shows one enforcement event on this firm's file, a 2015 supervisory notice over systems and controls, issued under one of the earlier names (predecessor management, about a decade before Ultima's ownership) -- this predates and is unrelated to Ultima Markets' own conduct. The UK entity was still in the process of onboarding UK retail clients as of this research (2026) -- confirm current live UK status before relying on it. Non-EU/global clients are onboarded via separate Mauritius FSC and St Vincent & Grenadines SVGFSA entities, neither of which is on this site's Tier-1 list. |
| Entity | Exness (Cy) Ltd | Ultima Markets UK Limited |
| Founded | 2008 | 2016 |
| Headquarters | Limassol, Cyprus | Not independently confirmed |
| Minimum deposit | $10 (varies by payment method; some methods allow as low as $1) | Not independently confirmed |
| Avg. spread (EUR/USD) | 0.2 pips | Not independently confirmed |
| Platforms | MT4, MT5, Proprietary (Exness Terminal) | MT4, MT5, Proprietary (UM Terminal) |
| Other Tier-1 regulators | FSCA, CMA | FSCA |
| Instruments | 100+ instruments across forex, indices, commodities, stock and crypto CFDs | 250+ CFDs across forex, commodities, indices, shares, and metals. Cryptocurrency CFD availability is disputed -- one source lists it as tradable, another only as a deposit method. |
| Visit | Visit Exness | Visit Ultima Markets |
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