Ultima Markets Review 2023: Is It a Legit Broker For You?
Ultima Markets Overview
| Official Website | https://www.ultimamarkets.com/ |
| Headquarters | Mauritius |
| Founded Year | 2016 |
| Regulated | CySEC, FSC |
| Instruments Offered | Forex, Indices, Shares, Metals & Commodities |
| Minimum Initial Deposit | Standard Account – $50 ECN account – $50 Pro ECN Account – $10,000 |
| Maximum Leverage | Up to 1:2000 |
| Islamic Accounts | No |
| Demo Account | Yes |
| Meta trader 4 (MT4) | Yes |
| Meta trader 5 (MT5) | No |
| Trading fees /Commission | Standard Account – $0 ECN Account – $5 Pro ECN Account – $3 |
| Inactivity fees | N/A |
| Withdrawal fees | Free |
| Supported currencies | USD, RMB, VND, THB, MYR, IDR, USDT |
| Customer Support | 24/7 via Email, Live Chat, & Telegram |
Why Choose Ultima Markets?
When choosing a trading platform, Ultima Markets stands out with the highest expert ratings. With the commitment to providing top-notch services, the platform offers a range of benefits that set it apart. From low trading costs and maximum leverage ratios to segregated funds and secure regulations, you have everything you need to enhance your trading experience. Let’s dive into why Ultima Markets should be your platform of choice.
Low trading costs
Ultima Markets believes in transparency. The broker offers tight spreads and transparent pricing, ensuring lower trading costs than other forex brokers. Using this broker, you can make the most of your trading without worrying about excessive fees.
High leverage ratio
Maximize your trading profits with a Maximum leverage ratio of up to 1:2000. This means you can amplify your trades and potentially achieve greater returns on your investments.
Diversified instruments
Ultima Markets, one of the reliable forex brokers, understands that every investor has unique preferences. That is why it offers various trading instruments, including precious metals, crude oil, shares, cryptocurrencies, and more. With a diverse selection and great feedback, you can find the perfect investment opportunities that align with your trading strategy.
Segregated funds
You are assured that your funds are in safe hands. Ultima Markets keeps the clients’ funds completely segregated from their own, and they are held at WESTPAC Bank, one of the largest banks in Australia. This ensures added security and peace of mind for its clients.
Secure regulation
The platform is transparent and does not have any hidden backdoor plug-ins. This means no one can tamper with the order prices you set for yourself, ensuring a fair and secure trading environment.
Fast execution
With a robust IT infrastructure housed in the NY4 data center, Ultima Markets offers low latency and speedier execution of orders. This means you can enter and exit trades swiftly, taking full advantage of market opportunities.
Flexible logins
This broker offers flexible login options, allowing you to access your account from your mobile, PC, or tablet anytime, anywhere. Stay connected to your trades and manage your investments with ease on the go.
Top liquidity
Partnering with leading liquidity providers and exchanges worldwide, Ultima Markets offers competitive pricing, speedier execution, and a stable trading environment. It supports multiple deposit channels, including credit cards and cryptocurrencies, to cater to your preferences.
Is Ultima Markets Regulated?
Ultima Markets claims great importance on the critical aspect of regulatory oversight in security matters. Our Ultima Markets review serves as great feedback and an assurance that Ultima Markets operates as a regulated entity. Operating under the trading name Ultima Markets Ltd, it is duly authorized and regulated by the Financial Services Commission (FSC) of Mauritius in the capacity of an Investment Dealer under license no. GB 23201593. This regulatory oversight underscores the commitment to adhering to stringent standards and guidelines, ultimately fostering a safe, authorized, and secure trading environment for their valued clients. Additionally, Ultima Markets is also regulated by the Cyprus Securities and Exchange Commission (CySEC) under license no. 426/23.
When exploring the website, you may encounter information about two companies. Ultima Management Pty Ltd, located in Australia, holds a license from the Australian Securities and Investment Commission (ASIC). It is crucial to emphasize that the focus here pertains exclusively to Ultima Markets Cyprus Ltd, a registered offshore entity in Saint Vincent and the Grenadines (SVG), as explicitly outlined in the Client Agreement. This distinction ensures full transparency in regulatory framework and operations.
Ultima Markets Review: Pros and Cons
| Pros | Cons |
| This broker provides MetaTrader4 for its verified customers. | Tradable instrument offerings are low. |
| Ultimate Markets is one of the regulated forex brokers and has the highest expert ratings. | Does not offer a micro account. |
| Faster account opening process with verification. | This broker does not offer MetaTrader 5. |
| Offers maximum leverage of 1:2000. | |
| Account opening is easy and faster. | |
| Offers commission and spread-free accounts. | |
| The platform offers free demo accounts for its users. |
Ultima Markets Market Instruments
This broker’s market instruments provide investment opportunities with Ultima Markets diverse market instruments. From forex to indices, shares, CFDs, to metals & soft commodities, the platform offers the tools to trade forex and thrive in global financial markets.
Forex
With Ultima Markets Forex Trading, you can tap into the world’s largest and most liquid market. Take advantage of the low spreads, maximum leverage, diverse offerings, and the ability to trade on global events. The broker allows investors to capitalize on volatility in global forex markets by trading currency in pairs with optimal leverage. Some of the features include:-
- Licensed and Regulated
- Trading opportunities in both bull and bear markets
- T+0 trading
- Leverage up to 1:2000, trade more with less
- Access global forex markets 24-hour trading, 5 days a week
- No commissions and low fees
- Deep and diverse liquidity
Indices
Expand your perspective on equity markets by investing in some of the world’s largest indices, including the Dow Jones, S&P 500, Nikkei, and UK FTSE. Ultima Markets offers you the ability to trade a comprehensive index of premium stocks from the main markets around the globe. Some of the features include:-
- Flexible trading from 0.01 lots
- Monitoring the market on the go
- Up to 1:500 leverage
- Fast execution via Equinix NY4 server
- No stamp duty and low fees
- No requotes with a deep liquidity pool
Shares CFDs
Diversify your trading portfolio with Contracts for Differences (CFDs) and trade a wide range of popular stocks. Ultima Markets provides Share CFDs on many well-known stocks, including Apple, Amazon, Disney, and Tesla. Let’s explore some of the features:-
- Monitoring the market on the go
- Access to global share CFD markets with leverage
- No requotes with a deep liquidity pool
- No hidden fees
- Fairtrade with two-way transaction
- Fast execution via Equinix NY4 server
Metals & Commodities
Speculate on pricing in valuable precious metals like gold and silver, energy commodities such as the U.S. Crude and UK Brent oil, and agricultural products like rubber and coffee. Ultima Markets offers a competitive pricing and exchange environment for various hard commodities worldwide. Some of the features include:-
- Monitoring the market on the go.
- Markets are susceptible to changes in supply and demand.
- Attractive to investors only interested in pricing speculation.
- Deep and diverse liquidity with no hidden fees.
- There is no dealing desk and no re-quotes.
- Fast execution via Equinix NY4 server.
Ultima Markets Trading Platforms
Access Ultima Markets wide range of trading options through its easy-to-use web platform and convenient mobile app that can be accessed through IOS and Android. Let’s explore the trading platforms in detail:-
MetaTrader 4
Get into the power of MetaTrader 4, a popular platform that provides access to multiple tradable asset classes such as forex, metals, and commodities, share CFDs, cryptocurrencies, and more. With its intuitive interface, customizable charts, and comprehensive features, MetaTrader 4 offers a seamless trading experience with automated trading.
Features
- Flexible and convenient automated trading.
- Mobile-friendly, cross-platform software.
- Built-in with a variety of indicators, tradable asset classes, and interactive charts for market analysis.
- Ultra-fast executions.
- Guaranteed stop to manage risk.
- Real-time pricing and execution view.
- An entire library of “Expert Advisors” and signals to plug in.
- MT4 API connects any platform to an MT4 server of a broke.
- MetaTrader 4 is free to download.
- Supports multiple accounts.
Ultima Markets App
Designed for the ultimate trading experience, the long-awaited Ultima Markets App allows you to create, manage, and monitor your trading accounts on the go. With the app, you can stay connected to the markets and take advantage of choices wherever and whenever it suits you.
Features
- Pip spreads – 0.0
- Max Leverage – 1:2000
- Minimum Deposit – $50
- Fully regulated and licensed
WebTrader
Enjoy the flexibility and responsiveness of MetaTrader 4 WebTrader. Access your MT4 account from any web browser, eliminating the need for downloads or installations. Execute trades effortlessly and stay in control of your trading with the user-friendly interface of MT4 WebTrader.
Features
- Trade conveniently from any device using your browser without downloading, thanks to Ultima Markets accessible platform.
- Unlock advanced trading tools, expert analysis, and risk management tools to enhance your trading with Ultima Markets.
- Dive into a world of options across multiple financial markets – including crypto, forex, and stock CFDs – with Ultima Markets.
- Enjoy peace of mind knowing that Ultima Markets is regulated by trusted authorities and employs secure encryption to protect your transmitted data, ensuring a safe trading environment.
Ultima Markets Social Trading Platform
This platform offers the ultimate trading adventure by becoming part of a thriving online social network of traders and investors, conveniently accessible through one app. Connect with like-minded individuals, exchange ideas, and share trading decisions and strategies on the social news stream. Join the UM Social, where building connections and increasing confidence is at the core of the social platform. Let’s dive into the details.
UM Social
Begin copy trading with UM Social seamlessly across your laptop, tablet, or mobile device, allowing you to access and manage your trades anytime and anywhere with ease. Stay updated in real time by receiving updates from your preferred signal sources. Learn from other traders and adjust your trading strategy to keep ahead of the market.
Risk management is made simpler with adaptable replication parameters. Modify orders in real-time, responding to market changes with ease and confidence. Sign up as one of the signal providers and share your feedback or trading techniques with others, and as your strategies are replicated, earn commissions along the way.
Ultima Markets Sign-Up Process
Let’s walk you through the quick and easy steps of opening an account with Ultima Markets:-
Step 1 – Open an account
To begin, visit the Forex brokers webpage and click the “Open Account” button. This will take you to a registration page where you must provide your personal information. Fill in details about your income level and trading experience under the “More About You” tab. Customize your trading account by selecting your preferred leverage, account currency, and multiple account types. Ultima Markets allows account opening in currencies such as USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY.
Step 2 – Verify your account
Next, it is time to verify your trading account. The broker requires two documents for verification – proof of identity (such as a digital photo of your driver’s license, passport, or government-issued ID card) and proof of residency (a utility bill or bank statement). Follow the forex broker’s instructions to submit the required documents.
Step 3 – Make your deposit and start trading
The final step is to deposit funds into your account. While it is possible to deposit before your account is fully verified, it is recommended to complete the verification process first. Only verified account holders can withdraw funds from their trading accounts. The forex brokers accepted deposit methods, including bank transfers, Bitcoin, and Cryptopay. Note that bank transfers may take 2 to 5 business days, while transactions using other methods are instant.
Types of Ultima Markets Accounts
Discover the various account types Ultima Markets offers, each designed to cater to different trading needs. Let’s delve into the details:-
Standard
Ideal for most verified customers, the Standard Account type provides traders with highly competitive pricing, lower initial capital deposit requirements, various asset classes, and unparalleled liquidity. This account offers stable trading conditions, making it essential for different traders of all levels.
Features
- Trading platforms – MT4, WebTrader, Mobile Apps
- Speed – Instant Execution
- Products – 250+ Currency pairs, Indices, Share CFDs
- Leverage – Up to 1:2000
- Minimum spread – 1.0 pips
- Commission – $0
- Minimum deposit – $50
ECN
The ECN Account is designed for professional traders seeking the best trading platforms with the lowest possible spreads. Enjoy optimal trading volume conditions and take advantage of tight spreads, making this account essential for trading experts.
Features
- Platforms – MT4, WebTrader, Mobile Apps
- Speed – Instant Execution
- Products -250+ Currency pairs, Indices, Commodities, Share CFDs
- Leverage – Up to 1:2000
- Minimum spread -0.0 pips
- Commission – $5
- Minimum deposit – $50
Pro ECN
The Pro ECN Account is exceptional and tailored for high-frequency and professional traders requiring low commissions, high trading volume, and frequency. Perfect for professionals, this account offers the lowest commissions of all accounts, zero spreads, and a secure trading environment. The initial deposit requirement for the Pro ECN Account is $20,000.
Features
- Platforms – MT4, WebTrader, Mobile Apps
- Speed – Instant Execution
- Products – 250+ Currency pairs, Indices, Commodities, Share CFDs
- Leverage – Up to 1:2000
- Minimum spread – 0.0 pips
- Commission – $3
- Minimum deposit – $10,000
Free Demo
Gain valuable and exceptional experience and market knowledge at your own pace with the Free Demo Accounts. Practice trading with up to $100,000 in virtual funds risk-free. After practicing with demo accounts, you can switch to a live trading account and implement your strategies.
Ultima Markets Account Types Comparison
Here is a table explaining the comparison of different account types offered by Ultima Markets:-
| Standard Account | ECN Account | Pro ECN Account | |
| Platforms | MT4, Webtrader, Mobile Apps | MT4, Webtrader, Mobile Apps | MT4, Webtrader, Mobile Apps |
| Speed | Market Execution | Market Execution | Market Execution |
| Products | 250+ currency pairs, indices, commodities, share CFDs | 250+ currency pairs, indices, commodities, share CFDs | 250+ currency pairs, indices, commodities, share CFDs |
| Leverage | Up to 1:2000 | Up to 1:2000 | Up to 1:2000 |
| Minimum Spread | 1.0 pips | 0.0 pips | 0.0 pips |
| Commission | $0 | $5 | $3 |
| Minimum Deposit | $50 | $50 | $10,000 |
Ultima Markets Leverage & Margin Requirements
Leverage is a key aspect of trading and can greatly impact your trading. As per our Ultima Markets review, it offers leverage of up to 1:2000 across all account types. It is important to note that such high leverage levels are not seen with regulated forex brokers. While high leverage can potentially lead to higher profits, it also increases the risk of significant losses. While it offers competitive leverage options, it adheres to the regulations set by reputable regulators to provide transparent and responsible trading conditions.
Ultima Markets Fees
Ultima Markets offers a range of accepted deposit methods, including international and local bank transfers, credit cards, UnionPay, MobilePay, and cryptocurrencies. When it comes to transaction fees, subsequent deposits, and withdrawals, Ultima Markets states that they do not charge any. However, it is important to be aware that if you have received a bonus on your account, withdrawing funds will result in the bonuses being withdrawn as well.
Ultima Markets Deposit and Withdrawal Options
Ultima Markets offers a range of accepted deposit methods and withdrawal options to cater to your needs. Choose from various flexible payment methods in local currency, including popular payment systems, e-wallets, and cryptocurrency wallets. The deposit and withdrawal options include Mastercard, Visa, Bitcoin, Tether, Alipay, UnionPay, and bank transfer. These options provide flexibility and ease when funding your account or withdrawing your funds.
Trading commissions and fees
Ultima Markets is one of the best trading platforms that provides trading services across various trading instruments. The specific trading commissions and fees levied by Ultima Markets may vary and can be influenced by factors such as account types, contract size, and trading conditions. According to Ultima Markets reviews, to maintain transparency, it publishes the current fee schedule on its website, allowing investors to access and review the fee structure.
| Deposit Methods | Accepted Currencies | Fees | Min Amount | Max Amount | Processing Time |
| Mastercard | All | Free | 50 units of account currency | $1,900 | 1 Hour |
| VISA | All | Free | 50 units of account currency | $1,900 | 1 Hour |
| Bitcoin | BTC | Free | 50 units of account currency | 5,000,000 USDT | 1 Hour |
| Tether | USDT | Free | 50 units of account currency | 5,000,000 USDT | 1 Hour |
| Alipay | RMB/USD | Free | $200 | 20,000 RMB | 1 Hour |
| Union Pay | RMB | Free | $200 | 49,999 RMB | 1 Hour |
| International EFT | ALL | Intermediary bank fee and transfer fee | 50 units of account currency | $99,999,999.99 | 2-5 Working Days |
Ultima Markets Promotions
Ultima Markets offers a range of promotions to enhance your trading experience. Let’s explore some of the exciting promotions:-
50% Deposit Bonus
Take advantage of the 50% Deposit Bonus, a fantastic option to boost your trading performance. With this promotion, you can receive a credit bonus of up to $10,000, providing additional funds to diversify or increase your trading positions.
20% Deposit Bonus
As per our Ultima Markets review, this broker has a special 20% Deposit Bonus as a reward for embarking on an exciting trading journey. By participating in this initial deposit bonus promotion, traders can enjoy a credit bonus of up to $5,000, giving you extra trading power to seize possibilities in the market.
Trading Competition
Prepare for an exhilarating opportunity to showcase your trading skills and win big with a Trading Competition. Compete against fellow traders to win a grand prize of $50,000. This competition allows you to unleash your trading potential and demonstrate your strategies in a competitive environment.
Ultima Markets Partnership Programs
Ultima Markets values partnerships and works closely with partners to understand their unique needs and goals. It offers tailored services to cater to their specific requirements. Let’s explore the partnership programs:-
IB Program
The IB (Introducing Broker) Program provides attractive commissions for successful referrals. This program is designed for individuals and corporate clients who want to earn ongoing revenue from the trading activity of their clients. Ultima Markets generously rewards their IB partners for the business they bring. It customizes the rebate structure to maximize profits for each IB partner, ensuring a sustainable business plan while adhering to local laws and regulations.
Advantages
- Advanced IB portal
- Detailed reporting of your client’s activities
- Daily calculated rebate
- Personalized reward scheme
- Marketing materials to help promote your business
- Exclusive bonus offers to clients brought by you
CPA Affiliate Program
With the CPA (Cost Per Acquisition) Affiliate Program, you can turn your traffic into extra income. It offers one of the industry’s most competitive and highest-paying CPA commission plans. As per our Ultima Markets review, whether you are a lead generator, social media influencer, website owner, SEO professional, educator, or blogger in the forex or financial services community, this program is for you. With a strong online presence, you can earn up to $1,200 CPA for every qualified client you refer to Ultima Markets.
Ultima Markets Resources
Stay informed and empowered with the range of resources available at Ultima Markets. Let’s explore them:-
News & analysis
Stay up to date with the latest financial market news and expert analysis at Ultima Markets. Sharpen your trading skills by keeping a close eye on timely market news and gaining insights from expert advisors’ analysis to identify new possibilities.
Economic calendar
Make the most of your trading experience with an economic calendar and trading calculator. The economic calendar informs you about daily developments, market price movements, and high-impact news and economic events. Stay ahead of the game and seize options with the help of the economic calendar.
Trading calculator
Streamline your trading process with exceptional forex calculators, which handle the calculations, saving you time and effort. This allows you to focus on making informed trading decisions without the hassle of manual calculations.
VPS
Find out the ultimate trading environment with a free VPS by Ultima Markets. Benefit from hardware or software isolation that helps protect against cyber-attacks and ensures secure transactions. High-speed CPUs and RAM ensure speedier network connections and execution speeds. With uninterrupted internet access, you can trade confidently without disruptions due to connectivity or technological issues.
Ultima Markets Restricted Countries
As per our Ultima Markets review, the below countries are restricted:-
- Afghanistan
- Cuba
- Eritrea
- Iraq
- Islamic Republic of Iran
- Israel
- Liberia
- Libya
- Nicaragua
- Pakistan
- Russian Federation
- Somalia
- Syrian Arab Republic
- Sudan
- United States
- Malaysia or any jurisdiction that would contravene local laws and regulations
Ultima Markets Security Measures
Ultima Markets prioritizes the security of their client’s funds. Here are the measures they have in place to ensure their safety:-
Separate accounts
Ultima Markets maintains separate accounts for their clients’ funds to ensure they are not mingled with their operational funds. All client’s funds are deposited into Westpac Bank, a reputable and trusted bank based in Australia, completely separate from operating funds.
Strict monitoring and enforcement
By enforcing monitoring guidelines and regulations at Ultima Markets to ensure that no one can access or use the deposits without your permission. This commitment to maintaining a secure environment means that your funds are safeguarded.
Advanced security protocols
We utilize advanced protocols to protect clients’ funds from potential risks, including suspicious access, cyber-attacks, money laundering, and other financial risks.
Regulatory compliance
Ultima Markets adheres to the regulations set by many well-known regulators, including:-
- Membership of Financial Services Commission – Mauritius
- Membership of the Cyprus Securities and Exchange Commission
- Membership of Financial Services Authority – Saint Vincent & the Grenadines
Ultima Markets Customer Support
Ultima Markets is here to provide you with excellent customer support. Feel free to reach out to customer support anytime if you have questions or need more information, and they are available 24/7 to assist you. You can contact them through the following methods:-
- Email: Contact us at [email protected]
- Live chat: Connect with us instantly through the live chat feature on the website
- Telegram: Reach out to us on Telegram at @ultimamarkets
Conclusion
In conclusion, we highly recommend that Ultima Markets reviews have the highest expert ratings and offer a wide range of features and services to cater to traders of all levels. From their accessible and user-friendly trading platforms to their diverse market instruments, they provide ample opportunities for traders to explore and thrive. The informative resources, such as news and analysis, economic calendar, and trading calculators, empower traders with valuable insights and analysis tools to make informed trading decisions.
Additionally, their security measures, separate client accounts, and adherence to regulations ensure the safety of clients’ funds. Reading this Ultima Markets review can be an informative guide for those seeking a reliable and secure platform. By considering the various account types, promotions, partnership programs, and customer support options available, traders can make an informed decision about whether Ultima Markets is the right fit for their trading needs.