Is there a proprietary mobile trading app by Ultima Markets?

Yes, in addition to MT4/MT5, the broker has a custom mobile app for both Android and iOS. This app includes key trading features and real-time access to markets for users on the go.

What support options does Ultima Markets offer?

Support is available 24/7 via email , ticket system , and live chat . However, the live chat function may not always be operational. For best results, use the email info@ultimamarkets.com .

What countries are restricted from opening an account?

Ultima Markets explicitly restricts US and North Korean residents. Industry norms suggest likely additional bans for Iran, Syria, Cuba, Sudan , and Afghanistan , though not officially listed.

Are there fees for deposits and withdrawals on Ultima Markets?

Most payment methods are free , but bank transfer withdrawals cost $20 per transaction after the first free one. Traders are encouraged to use cards or crypto for cost efficiency.

How do I register and verify my account with Ultima Markets?

To register, visit the broker's site and complete the sign-up form. You’ll need to verify your email and upload ID and address documents to pass KYC. This process typically takes under 24 hours.

Are there any promotional offers or bonuses for new users?

Promotions include 20% and 50% deposit bonuses , a $200 Easter bonus , Extra 1% profit rewards , and prize campaigns like the Mid-Year Bonanza . Eligibility is tied to minimum deposits and trading volume.

What trading instruments are available on Ultima Markets?

Ultima Markets gives access to 250+ instruments across Forex , Stocks (e.g., AAPL, META), Commodities (Gold, Oil), and Indices (e.g., SP500, DJ30). This range allows traders to diversify across markets.

Can I open a demo account for practice?

Ultima Markets offers a demo account with up to $100,000 in virtual funds , accessible on all supported platforms. It's ideal for beginners testing strategies or experienced traders evaluating platform functionality.

Does Ultima Markets offer copy trading or investment tools?

Yes, the broker provides PAMM , MAM , and copy trading via UM Social and Myfxbook . These tools are designed for passive investors who prefer to follow the strategies of professional traders.

How can I fund or withdraw from my Ultima Markets account?

Supported methods include credit/debit cards , bank transfers , Alipay , and cryptocurrencies such as Bitcoin and Tether. Most transactions are free, but bank withdrawals incur a $20 fee per request—except the first one, which is free.

What are the spreads and commissions across different accounts?

On Standard accounts , spreads start from 1 pip with zero commission. ECN accounts offer 0.0 pip spreads but include a $5 commission per lot . Cent accounts follow a similar structure with micro-lot sizing, making the broker suitable for scalpers and budget-conscious traders alike.

Which trading platforms does Ultima Markets support?

Ultima Markets supports MetaTrader 4 , MetaTrader 5 , and its own proprietary mobile platform available on iOS and Android. These platforms offer robust tools such as Trading Central, economic calendars, and one-click execution.

Is an Islamic swap-free account available?

Yes, Ultima Markets offers Islamic accounts that are fully swap-free, aligning with Sharia principles. These accounts are ideal for traders who cannot earn or pay interest due to religious beliefs. Activation is available upon request post-registration.

What account types are available at Ultima Markets?

Ultima Markets provides five account types: Standard, ECN, Standard Cent, ECN Cent, and Demo. Standard accounts are commission-free with slightly wider spreads, while ECN accounts feature raw spreads from 0.0 pips with a $5 commission per lot. Cent accounts allow micro-lot trading, and Demo accounts offer up to $100,000 in virtual funds for risk-free practice.

Does Ultima Markets offer high leverage?

Yes, the broker offers leverage up to 1:2000.

What is the minimum deposit for Ultima Markets?

The minimum deposit is $50 across all accounts.

TradingFinder
Forex Brokers
Ultima Markets Broker Review 2025

Writer:

Nino Gogochashvili

Reviewer:

Davit Kvaratskhelia

Fact checker:

Arjun Mandal

Modified:May 31, 2025

Ultima Markets Broker Review 2025

Go to Website

Your Capital is at risk.

Company:Ultima Markets

Founded:2016

Min Deposit:$50

Max Leverage:2000

Headquarter:

Mauritius

US Accepted:

Economic Calendar Min. Deposit $50 Cent Account ECN Account VPS

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Open an Account

Your Capital is at risk.

About

Ultima Markets is a Mauritius-based Forex broker that offers zero-spread trading on its ECN accounts. Going by the legal name Ultima Markets Ltd, the company is regulated by the Financial Services Commission (FSC) of Mauritius, with the license number GB 23201593.

Contact

N/A info@ultimamarkets.com

2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius

Rank and Score

Pros and Cons

Account Types

Platforms

Pros

Affordable $50 Minimum Deposit

Up to 1:2000 Leverage

Relatively Wide Range of Assets

Various Account Types

Cons

No Top-Tier Regulation

5 From 5.0

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Ultima Markets, offering Standard and ECN accounts in normal and Cent variations, requires an initial deposit of at least $50 and provides over 250+ tradable instruments in 4 asset classes.

The broker has an economic calendar and Trading Central as additional features.

Ultima Markets Company Information & Regulation

Ultima Markets was founded in 2016 and is registered at 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

Ultima Markets operates under dual regulation:

Cyprus Securities and Exchange Commission (CySEC) with CIF license number 426/23
Financial Services Commission (FSC) of Mauritius with license number GB 23201593

The broker uses segregated bank accounts to safeguard client funds, ensuring they remain separated from operational capital. This regulatory framework enhances transparency and legal protection for global clients.

Ultima Markets Broker Key Specifications

As is the case with the reviews of other Forex brokers, this section of the Ultima Markets review consists of a table covering key parameters of UM:

Broker	Ultima Markets
Account Types	Demo, Standard, ECN, Standard Cent, ECN Cent
Regulating Authority	FSC, CySEC
Based Currencies	USD, AUD, EUR, JPY, HKD, NZD, SGD, GBP, CAD
Minimum Deposit	$50
Deposit Methods	Credit/Debit Cards, E-Payment Systems, Crypto, Bank Transfer
Withdrawal Methods	Credit/Debit Cards, E-Payment Systems, Crypto, Bank Transfer
Minimum Order	0.01
Maximum Leverage	1:2000
Investment Options	PAMM/MAM
Trading Platforms & Apps	MetaTrader 4, MetaTrader 5, Proprietary
Markets	Forex, Stocks, Commodities, Indices
Spread	From Zero on ECN Accounts
Commission	Zero on Standard Accounts
Orders Execution	Market
Margin Call / Stop Out	N/A
Trading Features	Trading Central, Economic Calendar, Trading Calculator, VPS
Affiliate Program	Yes
Bonus & Promotions	Egg-citing Easter Welcome Bonus, Extra 1% Profit, 20% Deposit Bonus, 50% Deposit Bonus, Ultimate Mid-Year Bonanza
Islamic Account	Yes
PAMM Account	Yes
Customer Support Ways	Email, Ticket, Live Chat
Customer Support Hours	24/7

Trading Accounts + Details

Ultima Markets offers a range of account types tailored to various trader profiles, including Standard, Raw Spread, and Islamic accounts. Key characteristics include:

Minimum Deposit: $50 (suitable for beginners)
Leverage: Up to 1:2000 (allows amplified exposure with minimal capital)
Spread: Starting from 0.0 pips on Raw accounts, making it ideal for scalpers
Commission: Zero commission on Standard accounts; Raw accounts may involve fixed commissions per trade
Islamic Account: Swap-free option available for traders complying with Sharia law

These options enable traders to select a cost structure and trading environment that fits their strategy and risk appetite.

Here's a comparison table portraying the broker's account features and characteristics:

Account Type	Standard	ECN	Standard Cent	ECN Cent
Platform	MT4/MT5, Proprietary		MT5, Proprietary
Order Execution	Market
Products	Forex, Indices, Commodities, Shares (250+)		Forex and Gold (60+)
Max. Leverage	1:2000
Min. Deposit	50 USD

Furthermore, a demo account with virtual funds of up to $100,000 is available for all traders.

Ultima Markets Benefits and Drawbacks

The table below discusses the pros and cons of trading with the discussed brokerage:

Benefits	Drawbacks
Affordable $50 Minimum Deposit	No Top-Tier Regulation
Up to 1:2000 Leverage	-
Relatively Wide Range of Assets	-
Various Account Types	-

Ultima Markets Account Registration and Verification Guide

The first step to trading with a broker is the registration phase. Here's a step-by-step tutorial:

#1 Visit the Broker's Official Website

Navigate to Ultima Markets website and click "Open Account" to reach the sign up application.

#2 Registration Form

Fill out the sign up form with the following details:

Email address
Password
Country of residence

Click on the "Request Code" button to receive the verification code. Enter the OTC emailed to you in the designated box.

#3 Ultima Markets Verification

After your account is opened with the broker, verify it by completing your profile with additional information and uploading the required documents as proof of ID and address.

Available Trading Platforms

Ultima Markets broker offers 3 choices in terms of trading terminals, with two of them being the most popular options among traders in the industry: MetaTrader 4 and MetaTrader 5.

These platforms offer trading tools, time frames, and additional features, including an economic calendar and one-click trading. Download Links:

Also, the brokerage offers a proprietary platform, available on mobile devices:

Ultima Markets app on the app store — Ultima Markets proprietary platform app on the App Store for iOS

TradingFinder has developed various MT4 indicators and MT5 indicators that you can use for free.

What are the Spreads and Commissions in Ultima Markets?

Ultima Markets features a low barrier to entry with a $50 minimum deposit. Spread and commission policies vary by account type:

Account Type	Standard	ECN	Standard Cent	ECN Cent
Min. Spread	1 Pip	0 Pips	1 Pip	0 Pips
Commission	$0	$5	0 USC	5 USC

According to the data available on the official website, Ultima Markets does not charge any fees on most of its payment methods; however, bank transfer withdrawals incur a $20 fee per request (except for the first transaction).

This pricing structure makes Ultima Markets suitable for both cost-sensitive traders and high-volume professionals.

Deposit & Withdrawal Methods

Ultima Markets provides a variety of 4 payment methods for deposits and withdrawals:

Credit/Debit Cards: MasterCard, VISA, and UnionPay
Bank Transfers: Wire transactions, etc.
E-wallets: Alipay
Cryptocurrencies: Bitcoin and Tether

Copy Trading & Other Investment Options Offered On Ultima Markets Broker

The broker offers 3 social trading features to help traders earn passive income in addition to profits from regular activities in financial markets.

PAMM: Percentage Allocation Management Module
MAM: Multi-Account Manager
Copy Trading: Provided on UMSocial and Myfxbook platforms

Available Trading Instruments

Ultima Markets offers a good range of over 250 tradable instruments selected from 4 asset classes:

Forex: 60+ currency pairs
Stocks: AAPL, META, NFLX, GOOG, and more
Commodities: Gold, silver, and oil
Indices: DJ30, SP500, GER40, etc.

This wide selection allows for both diversification and strategic sectoral focus.

Bonuses and Promotional Offers

Ultima Markets offers several bonuses and promotions to attract and motivate clients:

Egg-citing Easter Welcome Bonus: Up to $200 for new and existing users from April 7 to May 7
Ultimate Mid-Year Bonanza: Prizes worth up to $3,000 for a minimum deposit of $500 and trading the required lots from May 1 to June 30
Extra 1% Profit: Additional 1% of profit for every closed position from July 1, 2024, to July 1, 2025
20%/50% Deposit Bonus: Additional credits on deposits

Ultima Markets Support Department

This financial company provides 24/7 customer support through 3 channels:

Email: info@ultimamarkets.com
Live Chat: Available on the website
Ticket: Through the Contact Us section of the site

However, the "Live Chat" button on the website was not working when we tried to reach support at the time of writing.

Restricted Countries

Ultima Markets does not outline the full list of restricted countries, only mentioning the US and North Korea. Based on our knowledge and observation of other companies, the other banned regions likely include:

Iran
Syria
Cuba
Sudan
Afghanistan
And more

Ultima Markets restricted countries — Clients from these countries are restricted from registering with Ultima Markets

Trust Evaluations, Scores & User Reviews

Ultima Markets' page on Trustpilot and its other scores show mixed reviews from traders and industry watchdogs:

Ultima Markets on Trustpilot — Ultima Markets trust scores on the Trustpilot website

Ultima Markets Trustpilot: 4.0/5 based on 190+ user ratings
ScamAdviser: 46/100 Trustscore given by the site

Educational Resources

Ultima Markets provides a decent level and scale of educational materials to users and clients:

Trading Courses: Divided into 3 skill levels [Beginner, Intermediate, and Advanced"
News: Articles on events and happening effective on the financial markets
Market analysis: On various symbols
Investor's Magazine: Quarterly magazines on "market trends and insights"

Ultima Markets Comparison Table

The table below compares Ultima Markets with some of the most popular Forex brokers in terms of features and services.

Parameter	Ultima Markets Broker	IC Markets Broker	FxPro Broker	XM Broker
Regulation	FSC, CySEC	FSA, CySEC, ASIC	FCA, FSCA, CySEC, SCB	ASIC, FSC, DFSA, CySEC
Minimum Spread	From 0.0 pips	0.0 Pips	From 0.0 pips	From 0.6 Pips
Commission	From $0	Average $1.5	From $0	From Zero
Minimum Deposit	$50	$200	$100	$5
Maximum Leverage	1:2000	1:500	1:500	1:1000
Trading Platforms	MetaTrader 4, MetaTrader 5, Proprietary App	Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile	MT4, MT5, cTrader, Web Trader, Mobile App	MT4, MT5, Mobile App
Account Types	Demo, Standard, ECN, Standard Cent, ECN Cent	Standard, Raw Spread, Islamic	Standard, Pro, Raw+, Elite	Micro, Standard, Ultra Low, Shares
Islamic Account	Yes	Yes	Yes	Yes
Number of Tradable Assets	250+	2,250+	2,100+	1,400+
Trade Execution	Market	Market	Market, Instant	Market, Instant

Conclusion and Final Words

Ultima Markets enables the trading of Forex currency pairs and Gold on its Cent accounts, a total of 60 symbols. The company, having a 4/5 score on "Trustpilot" with 190+ user reviews, offers 24/7 support services through email, live chat, and ticket.

FAQs

Is Ultima Markets a regulated broker?: Yes, Ultima Markets is regulated by the Financial Services Commission (FSC) of Mauritius.
What is the minimum deposit for Ultima Markets?: The minimum deposit is $50 across all accounts.
Does Ultima Markets offer high leverage?: Yes, the broker offers leverage up to 1:2000.
What account types are available at Ultima Markets?: Ultima Markets provides five account types: Standard, ECN, Standard Cent, ECN Cent, and Demo. Standard accounts are commission-free with slightly wider spreads, while ECN accounts feature raw spreads from 0.0 pips with a $5 commission per lot. Cent accounts allow micro-lot trading, and Demo accounts offer up to $100,000 in virtual funds for risk-free practice.
Is an Islamic swap-free account available?: Yes, Ultima Markets offers Islamic accounts that are fully swap-free, aligning with Sharia principles. These accounts are ideal for traders who cannot earn or pay interest due to religious beliefs. Activation is available upon request post-registration.
Which trading platforms does Ultima Markets support?: Ultima Markets supports MetaTrader 4, MetaTrader 5, and its own proprietary mobile platform available on iOS and Android. These platforms offer robust tools such as Trading Central, economic calendars, and one-click execution.
What are the spreads and commissions across different accounts?: On Standard accounts, spreads start from 1 pip with zero commission. ECN accounts offer 0.0 pip spreads but include a $5 commission per lot. Cent accounts follow a similar structure with micro-lot sizing, making the broker suitable for scalpers and budget-conscious traders alike.
How can I fund or withdraw from my Ultima Markets account?: Supported methods include credit/debit cards, bank transfers, Alipay, and cryptocurrencies such as Bitcoin and Tether. Most transactions are free, but bank withdrawals incur a $20 fee per request—except the first one, which is free.
Does Ultima Markets offer copy trading or investment tools?: Yes, the broker provides PAMM, MAM, and copy trading via UM Social and Myfxbook. These tools are designed for passive investors who prefer to follow the strategies of professional traders.
Can I open a demo account for practice?: Ultima Markets offers a demo account with up to $100,000 in virtual funds, accessible on all supported platforms. It's ideal for beginners testing strategies or experienced traders evaluating platform functionality.
What trading instruments are available on Ultima Markets?: Ultima Markets gives access to 250+ instruments across Forex, Stocks (e.g., AAPL, META), Commodities (Gold, Oil), and Indices (e.g., SP500, DJ30). This range allows traders to diversify across markets.
Are there any promotional offers or bonuses for new users?: Promotions include 20% and 50% deposit bonuses, a $200 Easter bonus, Extra 1% profit rewards, and prize campaigns like the Mid-Year Bonanza. Eligibility is tied to minimum deposits and trading volume.
How do I register and verify my account with Ultima Markets?: To register, visit the broker's site and complete the sign-up form. You’ll need to verify your email and upload ID and address documents to pass KYC. This process typically takes under 24 hours.
Are there fees for deposits and withdrawals on Ultima Markets?: Most payment methods are free, but bank transfer withdrawals cost $20 per transaction after the first free one. Traders are encouraged to use cards or crypto for cost efficiency.
What countries are restricted from opening an account?: Ultima Markets explicitly restricts US and North Korean residents. Industry norms suggest likely additional bans for Iran, Syria, Cuba, Sudan, and Afghanistan, though not officially listed.
What support options does Ultima Markets offer?: Support is available 24/7 via email, ticket system, and live chat. However, the live chat function may not always be operational. For best results, use the email info@ultimamarkets.com.
Is there a proprietary mobile trading app by Ultima Markets?: Yes, in addition to MT4/MT5, the broker has a custom mobile app for both Android and iOS. This app includes key trading features and real-time access to markets for users on the go.