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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Ultima Markets

Cyprus|5-10 years| Benchmark AA|
Regulated in Cyprus|Straight Through Processing(STP)|MT4 Full License|Global Business|Suspicious Overrun|High potential risk|

https://www.ultimamarkets.asia/

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

562.8

MT4/5

Full License

UltimaMarkets-Demo

Hong Kong
MT4
42
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:B

Slippage:AA

Cost:A

Disconnected:C

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

42
Server Name
UltimaMarkets-Demo MT4
Server Location Hong Kong

Contact

+61 02 7259 6666
info@ultimamarkets.com
https://www.ultimamarkets.asia/
2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-01-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
3

Basic Information

Registered region
Cyprus
Operating period
5-10 years
Company Name
Ultima Markets Ltd
Abbreviation
Ultima Markets
Company employee
--
Customer Service Email Address
info@ultimamarkets.com
Contact number
00610272596666
Company address
2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

FX2301887744

Japan

No matter how many times you inquire, you will only receive a form letter in response. Let's absolutely avoid making any deposits!

Exposure

2024-10-24

FX2301887744

Japan

I applied for a withdrawal, but I was rejected with only a confirmation response and my principal has not been returned.

Exposure

2024-10-21

Wian

Pakistan

My Ultimamarkets mt4 id is 854267. This broker scammed me 717$. I did Normal trade i deposit 801$ and did profit of 300$. First i placed withdraw of 325$, this broker rejected my withdraw At the end they removed my capital with profit from my portal and refused to give me single penny. A regulated broker never do this to their clients. How a regulated can remove funds from mt4 and client portal without permission of his client ? did deduct all profit I am attaching all my proof here please declare this broker as scam. Many traders are raising voices against this broker at trust pilot. I am also in contact with other effected traders of ultimamarket and we will declare this broker as scam broker from their regulations.

Exposure

2024-07-22

Farooq Ali Abbasi

Pakistan

Hi my name is Farooq ali abbasi. My registered email at ultima market is farooqaliabbasi@gmail.com. My ultima mt4 id is 823690. This broker scammed me 1902$. I did Normal trade in US Share hood. i deposit 500$ and did profit of 1402$. First i placed withdraw of 1502$, this broker rejected my withdraw then i placed withdraw of 1600$ then again this broker rejected my withdraw. At the end they removed my capital with profit from my portal and refused to give me single penny. A regulated broker never do this to their clients. How a regulated can remove funds from mt4 and client portal without permission of his client ? Before this trade, I did Normal trade in another US share PayPal and my account washed out and did loss of 934$ as market was not in my favor. Then ultima broker removed my nagitive balance and let me trade again. So as i did profit they eat my all profit with deposit amount. I am attaching all my proof here please declare this broker as scam. Many traders are raising voices against this broker at trust pilot. I am also in contact with other effected traders of ultima market and we will declare this broker as scam broker from their regulations. I am requesting you kindly help me to recover my hard earn money from this broker. Also declare this broker as scam broker so that many other traders stay away from getting scammed. Thanks

Exposure

2024-02-19

Opxn

United Kingdom

I deposited 3,000 US dollars on this platform, and used the agent to follow the order method to apply the Martin strategy. In the end, I made a profit that doubled, and I planned to apply for a withdrawal, but at this time I was stuck! !

Exposure

2023-11-29

Golden88

Cyprus

Well, Ultima Markets. The Social Trade platform has been nothing short of a boon for my busy schedule, allowing me to make a pretty penny without breaking a sweat. Thanks for the assist! However, let's get real about those withdrawals. Turning a cold shoulder when I reached a certain profit margin didn't exactly scream 'trustworthy'. Handle with care, folks! 😬

Neutral

2024-04-19

Starrr

New Zealand

I have been testing the waters with Ultima Markets, both the Australian and Cypriot versions. I appreciate the fact that both are regulated by credible agencies - ASIC and CySEC, respectively - it reassures me that they are under close observation and regulatory boundaries. Their tradable assets are varied, providing a nice buffet of forex, metals, indices, shares CFDs, and crypto. Tried some trades with my standard account and was pleasantly surprised with raw spreads. Being an MT4 fan, their platform suite was right up my alley. However, I did find the minimum deposit for the Pro ECN account a steep step-up from the other accounts. Also, details like demo account availability and payment methods were unclear, which made it a bit harder to navigate my experience. So overall, a good run, but with space for some improvements.

Neutral

2023-11-30

Wenner

Kazakhstan

Ultima Markets is amazing! They offer a diverse selection of market instruments to trade, and their account types cater to traders of all experience levels. The flexibility and choice make it easy to find the right fit for my trading needs. Highly satisfied!

Positive

2024-07-11

Augdjh

Australia

I have just opened a new account and was a little unsure how to complete all the necessary documentation. I rang Ultima Markets yesterday and today and spoke with two representatives Georgi and Stanislav. All I can say is that their service was first class and i am greatly appreciative of the time and help provided by these two chaps.

Positive

2024-06-14

Amir A

Malaysia

Trustworthy broker. Good customer service and very responsive. They provide educational materials and I gain lot of knowledge with Ultima. Best Broker and safe to Invest and Trade.

Positive

2023-12-06

deardarling

United Kingdom

Hi folks! Dabbling with Ultima Markets for a while now. So here's my two cents'. Being regulated gave me the confidence to try out their platforms, always good to have a watchdog around. The maximum leverage of 1:2000 is quite a treat for those risk-takers among us. The spreads starting from 0.0 pips certainly up the game. I missed having an explicit mention of a demo account, felt like being pushed into the deep end with no lifebuoy. The minimum deposit at $50 for a standard account is quite manageable, but the Pro ECN account requirement at $20,000 is for the big boys. On the ambiguous side, I wasn't sure about the payment methods on offer. All in all, it's been a mixed bag with Ultima Markets!

Positive

2023-12-01

星迈总部直招全球一级代理

Malaysia

I can't say enough about the educational resources Ultima Markets provides, they are a real asset to a beginner like me. The guides and tips on the platform cover everything from the most basic concepts to complex trading strategies. Whether you are a novice or an experienced trader, you can find valuable learning materials here. Even more impressive is the depth and breadth of these educational resources that have kept me ahead of the curve on my professional journey. For those investors who are eager to learn more about these resources, I am happy to share the knowledge and experience I learned at Ultima Markets to help you benefit from them too.

Positive

2023-11-30

FX8785043122

Malaysia

Gold spreads are very low and the trading environment is not bad. Overall it's not bad.

Positive

2023-11-20

DINO438

Malaysia

Trading with Ultima Market has been an exceptional experience. They offer round-the-clock customer support, which is incredibly convenient for traders. Their low costs, with impressively low spreads, mean that you get to keep more of your earnings. For those looking to maximize trading opportunities, Ultima Market provides high leverage options. Additionally, their withdrawal process is quick and straightforward, ensuring that you have easy access to your funds. Overall, Ultima Market stands out as a user-friendly, cost-effective, and efficient trading platform, and I'm excited to continue my trading journey with them.

Positive

2023-10-16

Bryant4647

Malaysia

Can't believe that spread fees could be as low as 0.0pips until I started using Ultima Markets..

Positive

2023-01-04

睿泽天下

Taiwan

Ultima Markets is a great financial institution. I've been trading here for a few months and so far so good. This company is strictly regulated by ASIC so my money is safe!

Positive

2022-12-20

18
Account Information
Related Software
Benchmark
Website
Company Summary
News
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Full License MT4
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MT4 Servers
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velocityIcon
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Meta Trader 4
Full LicensePerfect

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Benchmark

Average transaction speed(ms)
562.8
The highest transaction speed(ms)
78 Great
The highest speed of opening positions(ms)
265
The highest speed of closing position(ms)
78 Great
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1953
16.17USD/Lot Good
29.59USD/Lot Perfect
Long: -6.08USD/Lot    Short: 2.66USD/Lot Good
Long: -30.61USD/Lot    Short: 21.37USD/Lot
Average slippage
-0.1 Great
Maximum transaction slippage
27 Poor
Maximum positive slippage
-5 Perfect
Maximum negative slippage
27 Poor
Average disconnection frequency (times/day)
0.5 Great
Average reconnection time (millisecond/per request)
101.3
Ranking: 30 / 120
Test user 167
Orders 49,363
Ocuppied margin $2,883,997 USD
Data Source
WikiFX Data provide
Updated: 2025-01-21 01:00:00

Website

  • umultima.hk

    Server Location

    United States

    Website Domain Name

    umultima.hk

    Server IP

    104.21.35.33

  • ultimamarkets.asia

  • ultimamarkets.com

Company Summary

Ultima Markets Overview in 9 Points
Company NameUltima Markets
Registered Country/RegionMauritius
RegulationRegulated by CYSEC and FSCA
Maximum Leverage1:2000
SpreadsFrom 0 pips
CommissionsFrom $0
Minimum Deposit50 USD
Trading PlatformsMT4
Market InstrumentsForex, Precious Metals & Commodities, Indices, and Shares
Customer SupportEmail:contact@ultimamarkets.com
Live chat
Telegram:@ultimamarkets

Ultima Markets Overview

Ultima Markets is a Mauritius-based company regulated by CYSEC (Cyprus Securities and Exchange Commission) and FSCA (Financial Sector Conduct Authority). The broker offers maximum leverage of up to 1:2000, with spreads starting from 0 pips. The minimum deposit required to open an account is 50 USD. Trading is available through the MT4 platform, and the market instruments include Forex, Precious Metals & Commodities, Indices, and Shares.

Ultima Markets Overview

Regulatory Status

Regulatory AgencyCurrent StatusLicense TypeRegulated ByLicense No.
Cyprus Securities and Exchange CommissionRegulatedStraight Through Processing (STP)Cyprus426/23
Financial Sector Conduct AuthorityExceededFinancial Service CorporateSouth Africa52497
Regulatory Status
Regulatory Status

Market Instruments

Ultima Markets offers a diverse range of trading products, including Forex, Precious Metals & Commodities, Indices, and Shares. Traders can gain advantages in the worlds largest and most liquid market with low spreads, high leverage, and opportunities to trade on global events.

Trading ProductAvailable in Ultima Markets
FOREX
Precious Metals & Commodities
Indices
Shares
Market Instruments
Market Instruments

Trading Platform

Ultima Markets provides MT4 platform of desktop and mobile version. The ultra-responsive web interface of MetaTrader 4 (MT4) WebTrader allows you to access your MT4 account from anywhere, anytime. Execute your trades seamlessly through the MT4 WebTrader without downloading or installing anything.

Trading Platform
Trading Platform

Account Types

Ultima Markets offers four account types: Standard, ECN, Standard Cent, and ECN Cent, all providing access to diverse market instruments including currency pairs, indices, commodities, and CFDs. Leverage is up to 2000:1, with spreads ranging from 0.0 to 1.0 pips.

The Standard Account has no commission and a 50 USD minimum deposit, while the ECN Account charges a 5 USD commission. The Cent Accounts satisfy smaller traders with minimal commissions.

All accounts support market execution and are available on MT4, WebTrader, and mobile apps.

Standard AccountECN AccountStandard Cent AccountECN Cent Account
PlatformsMT4, Webtrader, Mobile AppsMT4, Webtrader, Mobile AppsMT4, Webtrader, Mobile AppsMT4, Webtrader, Mobile Apps
SpeedMarket ExecutionMarket ExecutionMarket ExecutionMarket Execution
Products250+ Currency pairs, Indices, Commodities, Share CFDs250+ Currency pairs, Indices, Commodities, Share CFDs60+ Currency pairs and Gold60+ Currency pairs and Gold
LeverageUp to 2000:1Up to 2000:1Up to 2000:1Up to 2000:1
Minimum spread1.0 pips0.0 pips1.0 pips0.0 pips
Commission0 USD5 USD0 USC5 USC
Minimum deposit50 USD50 USD50 USD50 USD

Deposit & Withdrawal

DepositMethodsAcceptedCurrenciesFeesMin AmountMax AmountProcessing Time
MastercardAllFree50 units of accountcurrency1,900 USD1 Hour
VISAAllFree50 units of accountcurrency1,900 USD1 Hour
BitcoinBTCFree50 units of accountcurrency5,000,000 USDT1 Hour
TetherUSDTFree50 units of accountcurrency5,000,000 USDT1 Hour
AlipayRMB/USDFree200 USD20,000 RMB1 Hour
UnionPayRMBFree200 USD49,999 RMB1 Hour
International EFTAllIntermediary bank fee & Transfer fee*50 units of account currency99,999,999.99 USD2-5 Working Days
VNDVND/USDFree300,000,000 VND300,000,000 VND1 Hour
THBTHB/USDFree500,000 THB500,000 THB1 Hour
MYRMYR/USDFree50,000 MYR50,000 MYR1 Hour
IDRIDR/USDFree100,000,000 IDR100,000,000 IDR1 Hour

Deposit Bonus

The initial deposit bonus is 50%, and all subsequent deposits will receive an additional 20% credit bonus. Below is an example of the calculation.

Deposit Bonus
Deposit Bonus

Keywords

  • 5-10 years
  • Regulated in Cyprus
  • Regulated in South Africa
  • Straight Through Processing(STP)
  • Financial Service Corporate
  • MT4 Full License
  • Global Business
  • Suspicious Overrun
  • High potential risk

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