Ultima Markets Review 2025

Pros

• High leverage up to 1:2000 available
• User-friendly trading app for Apple and Android devices.
• Trading accounts with either spread-only pricing or low commission options offer flexibility.
• Enjoy no-charge deposits and withdrawals in a variety of base currencies for trading.
• The Standard account requires a minimum deposit of $50 for trading.

Cons

• Sign-up process is slower than competitors.
• Limited regulation of offshore trading branches.
• The best brokers prioritize education.
• Limited trading options are available, excluding cryptocurrencies.
• For optimal trading conditions, a minimum deposit of $20,000 is required.

Discovering what Ultima Markets excels at and where it falls short is crucial for traders. The broker offers diverse accounts and competitive fees, making it appealing for cost-conscious traders. Its platforms and tools are user-friendly and efficient, enhancing the trading experience. Ultima Markets also prioritizes customer support, providing timely and helpful assistance. However, some areas need improvement. While the broker is regulated, ensuring security, traders might find its market research offerings limited. These are the highlights of our comprehensive evaluation to help you make informed decisions.

Assets & Markets

Ultima Markets presents over 250 CFDs across key asset classes, like forex, stocks, and commodities. However, its forex selection includes only 30+ currency pairs, which is fewer than many leading brokers. Here’s what you can trade:

• Forex – 30+ pairs including major ones like EUR/USD
• Shares – Popular US stocks such as Meta, Google, and Apple
• Indices – Major indices like S&P 500, GER 40, and ASX 200
• Commodities – Top metals and energies including Crude Oil, Gold, and Silver

For a more diverse portfolio, consider brokers with 3000+ instruments for broader choices.

Account Types

Ultima Markets provides three live accounts: Standard, ECN, and Pro ECN.

Comparison of Trading Accounts

The Standard account is ideal for beginners with spread-only pricing. The ECN account offers tight spreads for investors. The Pro ECN account suits high-volume traders. However, all accounts share the same platform access, trading instruments, and maximum leverage. Global traders will appreciate the range of base currencies: USD, AUD, GBP, EUR, CAD, JPY, and HKD.

– Minimum Deposit: $50 | $500 | $20,000
– Spreads: From 1 pip | From 0 pips | From 0 pips
– Commission: $0 | $5 | $3

How To Open A Live Account

The Ultima Markets application process, although detailed, only takes about twenty minutes. Here’s a step-by-step guide:

1. Select ‘Open Live Account’ at Ultima Markets.
2. Fill in your personal details, including name, country, phone, email, and account type.
3. Complete additional details on the ‘Personal Details’ page and proceed.
4. Enter your residential address and verification of US citizenship.
5. Provide employment and financial information.
6. Select your trading platform, account type, and base currency.
7. Agree to the T&Cs by ticking the box.
8. Upload verification documents for identity and residency.
9. Fund your account and begin trading.

Payment Methods

Ultima Markets supports bank cards, wire transfers, and cryptos like Bitcoin and Tether for deposits. However, there are limited options for e-wallets like PayPal, which are known for low-cost, secure, and quick deposits.

Good news: Ultima Markets doesn’t charge any fees, although standard third-party banking fees might apply to wire transfers. Payment processing times are competitive:

• Credit/debit card – one to two hours
• International bank wire transfer – two to five days
• Crypto – one to two hours
• E-wallets – one hour

How To Make A Deposit

I find funding my live trading account easy and quick:

1. Log in to the Ultima Markets client portal
2. Select ‘Funds’ then ‘Deposit Funds’
3. Pick a payment method and follow the steps

Remember, account verification is needed before you can deposit funds.

Trading Fees

Ultima Markets provides average trading fees. The Standard account features variable spreads beginning at 1 pip on popular assets like major forex pairs. This is okay but higher than some competitors. ECN account holders enjoy tighter spreads from 0 pips, yet the $5 commission surpasses the usual $3.50 charged elsewhere. The Pro ECN account offers the most competitive pricing with low $3 commissions. However, its $20,000 minimum deposit may be too steep for many retail traders.

Non-Trading Fees

Ultima Markets excels in non-trading fees—no charges for deposits, withdrawals, or inactivity. However, standard swap fees apply for overnight positions.

Platforms & Apps

Ultima Markets shines with its MetaTrader 4 platform. You can access it via web, desktop, or mobile. This platform fits various trading styles and automated strategies.

The standout features include excellent charting tools, 30+ indicators, 9 timeframes, 4 pending orders, and Expert Advisors support. It excels in forex trading with high customization and thousands of additional tools from the MetaTrader marketplace.

How To Open A Trade

Opening a trade on MT4 is simple:

1. Right-click on an instrument in ‘Market Watch’ and choose ‘New Order’
2. Input trade parameters, including volume, order type, and stop losses
3. Add a comment, if desired
4. Click ‘Buy’ or ‘Sell’ to confirm

Ultima Markets’ app, available for iOS and Android, is intuitive. Manage your account and track price movements with ease. The app offers dynamic charting and risk management tools, perfect for trading on the go.

Regulation & License

Ultima Markets has three regulatory bodies. While not all are top-tier, it is regulated by the Cyprus Securities and Exchange Commission (CySEC), with license 426/23. This provides EU traders with safety features like segregated client funds, negative balance protection, and Investor Compensation Fund (ICF) access. Non-EU traders deal with global entities regulated by Mauritius’ FSC and St Vincent and the Grenadines’ SVGFSA. Unfortunately, these regulators may not offer strong account and legal protections.

Leverage

Ultima Markets provides leverage up to 1:30 in the EU, meeting local rules. With $100, you can control $3,000 in assets. The offshore branch offers up to 1:2000 leverage, which is very high. This attracts risk-taking traders, but caution and risk management are advised. The margin call level is 80%, and stop-out happens at 50%.

Demo Account

Ultima Markets offers a free demo account with up to $100,000 in virtual funds and leverage up to 1:500. However, it’s only available for 90 days, which is limiting if you want unlimited practice while still trading live.

How To Open A Demo Account

Opening a demo account is quick:

1. Go to the broker’s homepage and click ‘Open Account’.
2. Select ‘Open Demo Account’.
3. Fill in your personal details and hit ‘Next’.
4. Set your demo account preferences (platform, account type, currency, leverage, and balance), then click ‘Open Demo Account’.
5. Your login details will appear on the screen and be emailed to you.

Tools

Ultima Markets keeps it simple, offering only basic tools like an economic calendar and trading calculators for margin, profit, and swap rates. This may disappoint traders seeking more advanced features and extras. However, the broker offers a notable advantage with its free mobile social trading app. This app lets traders share strategies and copy real-time positions of experienced traders. Viewing performance stats and replicating risk parameters is easy. Signal providers require investments averaging $50-$100, offering flexibility. While market news and free VPS hosting are available, the overall toolset is sparse.

Education

Ultima Markets could improve on educational content, offering few tutorials or learning materials for beginners. This is a significant drawback.

Bonus Offers

Ultima Markets offers different bonuses depending on where you live. Traders using the CySEC entity won’t get any promotional bonuses due to regulations. However, global traders can enjoy incentives. We received a 20% and 50% deposit bonus when signing up. Depositing $500 or more earns you the higher bonus, while 20% applies to additional deposits over $5,000. Bonuses are capped at $10,000, and only profits from these can be withdrawn. The broker hosts trading competitions with cash prizes for the top 10 traders, free to enter for account holders. Sadly, there are no rebates or discounts for trading volumes, which might not attract serious traders.

Execution

Discover why Ultima Markets excels in trading. The ECN execution model is a standout feature, linking to numerous top-tier liquidity providers through the OneZero bridge. Additionally, with the NY4 data center, their low latency ensures ultra-fast order execution, averaging under 20ms—well beyond the 100ms benchmark for speed.

Trading Restrictions

Ultima Markets supports scalping, hedging, and automated trading. We found no restrictions in these areas.

Customer Service

Ultima Markets excels in 24/5 customer support, covering major trading hours. You can reach them via email, live chat, or Telegram. Although there’s no phone line, their online chat is efficient, providing responses within three minutes during our tests.

Contact Ultima Markets through:

• Live Chat – Icon at the bottom right of the website
• Email – contact@ultimamarkets.com or info@ultimamarkets.com
• Telegram – @ultimamarkets

Company Details

Ultima Markets, established in 2016, is based in Mauritius. The company serves users in over 170 countries, with regulation by FSC Mauritius, SVGFSA, and CySEC. It provides retail investors access to over 250 CFDs on the MetaTrader 4 platform.

Trading Hours

Ultima Markets offers flexible trading hours, with Forex available 24/5. Stocks follow standard market hours. They consistently announce server and market updates, including public holidays.

Should You Trade With Ultima Markets?

Ultima Markets provides a user-friendly trading environment. With a $50 minimum deposit, it’s accessible, and the MetaTrader 4 platform is reliable. You can trade popular markets globally and even use a social trading app if you prefer a hands-off approach. However, trading fees aren’t the lowest, and there are limited options for deposits and withdrawals. There’s also a lack of in-depth market research, educational resources, and advanced trading tools. Overall, it’s worth considering other brokers as better alternatives may exist.

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