Side-by-side regulation, cost, platforms, and score -- generated from the same disclosed data and methodology behind our rankings.
| Ultima Markets | OANDA | |
|---|---|---|
| Overall score | 3.56 / 5 | 3.84 / 5 |
| Regulation | 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. |
FCA No. 542574 OANDA was acquired by FTMO (the Czech "funded trader" prop-trading firm) from CVC Capital Partners effective 1 December 2025; FTMO says it will run OANDA as a standalone business -- a very recent ownership change worth confirming hasn't affected service before relying on it. |
| Entity | Ultima Markets UK Limited | OANDA Europe Limited |
| Founded | 2016 | 1996 |
| Headquarters | Not independently confirmed | New York, USA (deep Canadian roots -- co-founded by a University of Toronto professor, with a long-standing Toronto presence) |
| Minimum deposit | Not independently confirmed | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed | Not independently confirmed |
| Platforms | MT4, MT5, Proprietary (UM Terminal) | MT4, MT5, Proprietary (OANDA Trade / fxTrade) |
| Other Tier-1 regulators | FSCA | ASIC, NFA/CFTC (US), CIRO, MAS |
| Instruments | 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. | 70+ forex pairs plus indices, metals/commodities, share CFDs, ETF CFDs, and crypto CFDs (crypto CFDs not available to UK/EU retail clients), per OANDA's own instrument-specification page. No official total instrument count; one third-party estimate of ~1,700 symbols is unverified. |
| Visit | Visit Ultima Markets | Visit OANDA |
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