- Vast arsenal of trading resources available
- Offers MT4, MT5 and Proprietary trading platforms
- Supports cryptocurrency funding methods
Operating since 2016, Ultima Markets offers high leverage and access via the popular MT4 and MT5 platforms alongside their own proprietary software. This Ultima Markets 2025 review breaks down what you need to know; their main trading costs, the feedback from users, and we'll carefully examine their offshore regulatory status.
Live Spreads: Understanding the Costs
When you trade, there's a small difference between the buy price and the sell price, and that is the spread, a key trading cost. Ultima Markets gives you choices: their Standard account includes this cost in the price you see (no extra commission), while their ECN account aims for tighter spreads but charges a fixed commission ($5 per round lot) on top.
Our live data, taken from real accounts, suggests the ECN account offers more competitive pricing than the Standard one, promoting the competitiveness of the broker's accounts against some similar accounts shown. If you'd like to compare Ultima markets spreads on other instruments, or against other brokers, please use the orange 'Edit' button for direct comparisons.
Ultima Markets User reviews
Currently, user feedback is still limited, and a precise consensus cannot be formulated accurately. The few reviews that FxVerify gathered so far are mostly positive, mentioning things like fast trade execution, quick withdrawals, responsive support, and liking the high leverage offered. However, with such limited feedback, it's hard to get a reliable sense of typical client experiences. More independent reviews are needed, and we'll update this section accordingly in due time.
Ultima Markets Overall rating
| Rating | Weight | |
| User Rating |
4.5 (4 reviews)
 |
3 |
| Popularity |
3.5
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
4.4
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
The overall ratings for Ultima Markets on FxVerify show promise, especially in the pricing category where their ECN account performs well according to live data. Established in 2016, web traffic indicates they are expanding their reach globally. The broker provides access to high leverage, a feature sought by some traders, operating under their Mauritius FSC license.
Regulation: Offshore License (Mauritius FSC)
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| Ultima Markets |
|
 |
|
|
2000 : 1 |
Ultima Markets operates under a single licence from the Financial Services Commission (FSC) of Mauritius. It's vital to understand that Mauritius is considered an offshore regulatory jurisdiction. Oversight from the FSC is not comparable in stringency to regulators like the FCA (UK), ASIC (Australia), or CySEC (EU).
Nevertheless, Ultima Markets takes client money safety at heart. Certain standard protections like guaranteed segregation of client funds and enforced negative balance, the same measures imposed by tier-1 regulators, are also offered to retail clients by this entity.
Available Assets: Broad Range including Crypto & ETFs
Ultima Markets provides access to a wide variety of markets, primarily through CFDs. This includes several forex pairs, global stock indices, individual shares (CFDs), bonds, energies, various cryptocurrencies, metals, ETFs, and even soft commodities like coffee and sugar.
Explore the specific instruments using the search tool above. Remember, trading CFDs involves speculating on price changes without owning the underlying asset and with leverage, amplifying both potential gains and losses.
Live Swap Rates: Competitive vs Peers
If you hold a trade open past the daily session's closing time (around 5 PM New York time), your trade will be subject to swap fees, or rollover rates, as often mentioned. Swap fees are small daily charges or credits, taken from your account balance or credited back, based on the instrument and whether you are buying or selling.
The live swap data in the table above shows Ultima Markets' current rates, which appear fairly average compared to others listed. As usual, expect triple swaps to be applied mid-week (typically Wednesday) for weekend holding. Use the orange 'Edit' button to compare specific instruments or brokers.
Trading Platforms: MT4, MT5, and Proprietary
| Platform | Good For | Keep in Mind |
|---|---|---|
| MetaTrader 4 (MT4) |
|
|
| MetaTrader 5 (MT5) |
|
|
| Ultima Markets Platform (Proprietary) |
|
|
Ultima Markets offers the industry-standard MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5), both popular choices known for their charting and automation capabilities. The broker also provides their proprietary trading platform, which could offer a different user experience integrated with their specific services. The table above provides a quick comparison of the pros and cons of each platform.
Deposits/Withdrawals: Crypto & E-Wallets Featured
| Method | Processing Time | Fees | Account Currencies |
|---|---|---|---|
| Credit/Debit Card | Usually Instant | None | USD, EUR, GBP, AUD, CAD, NZD, SGD, JPY, HKD |
| Bank Wire Transfer | 1-5 Business Days | None* | USD, EUR, GBP, AUD, CAD, NZD, SGD, JPY, HKD |
| Cryptocurrencies (BTC, USDT, etc.) | Network Dependent | None** | USD, EUR, GBP, AUD, CAD, NZD, SGD, JPY, HKD (via conversion) |
| China Union Pay | Usually Instant | None | USD (from CNY) |
| Alipay | Usually Instant | None | USD (from CNY) |
Ultima Markets supports funding via bank transfer, credit and debit cards, China UnionPay, Alipay, transfers from VND, THB, MYR and IDR to USD and a couple of cryptos, such as Bitcoin and Tether (USDT).
While Ultima Markets may not charge fees themselves, remember that your bank might charge for wires, and crypto network fees (miner fees) always apply. Check Ultima Markets' deposit/withdrawal page for the exact list of supported methods for your region.
Please note: *Intermediary bank fees may apply to wires. **Crypto network fees are paid by the sender.
Leverage: 1:2000 High Leverage Available
Operating under the Mauritius FSC licence allows Ultima Markets to offer very high leverage ratios, up to 1:2000. This level of leverage is significantly higher than what's permitted by stricter regulators. While it allows controlling large positions with less capital, it dramatically increases the risk of substantial losses and requires extremely careful risk management.
Ultima Markets Profile
| Company Name | Ultima Markets Ltd |
| Categories | Forex Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2016 |
| Headquarters | Cyprus |
| Office Locations | Australia, Cyprus, Mauritius, Malaysia, Singapore, Taiwan |
| Account Currency | AUD, CAD, EUR, GBP, JPY, NZD, SGD, USD, HKD |
| Support Languages | Arabic, Chinese, English, French, German, Indonesian, Italian, Japanese, Malay, Spanish, Thai, Vietnamese, Chinese (Traditional) |
| Funding Methods | Bank Wire, Bitcoin, China Union Pay, Credit Card, Alipay, Tether (USDT) |
| Financial Instruments | Futures, Forex, Indices, Bonds, Oil/Energies, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | Afghanistan, Albania, American Samoa, Australia, Bosnia and Herzegovina, Burundi, Bermuda, Belarus, Central African Republic, Congo, Ivory Coast, Cuba, Cyprus, Eritrea, Guam, Guinea Bissau, Haiti, Iraq, Iran, North Korea, Lebanon, Macedonia, Mali, Puerto Rico, Russia, Sudan, Singapore, Sierra Leone, Somalia, Syria, United States, Virgin Islands, U.s., Yemen, Yugoslavia, Zimbabwe, Montenegro |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
The Ultima Markets profile on FxVerify gives a snapshot about this CFDs broker: founded in 2016, lists its multiple office locations, the many account currencies available, including all major currencies such as USD, EUR, GBP, AUD, etc., the customer support languages, and specifies prohibited countries like the US, Cyprus and Australia.
Promotions: Credit/Loyalty Bonuses Available
Ultima Markets often advertises promotions like credit bonuses or loyalty bonuses. Given their offshore regulatory status, it's absolutely crucial to scrutinise the terms and conditions attached to any bonus offer before accepting it. Understand the requirements for withdrawal of the bonus or any profits made using it. Check the official Ultima Markets website for their current promotions and read the fine print carefully.
Ultima Markets User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
|
75.00%
|
||
|
25.00%
|
||
|
0.00%
|
||
|
0.00%
|
||
|
0.00%
|
||
|
0.00%
|
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
Ultima Markets Cashback rebates
| Standard | ECN | |
| Forex | 0.48 Pips | 1.2USD,1.2AUD,1.2CAD,1.2EUR,1.2GBP,9.6HKD,120JPY,1.2NZD,1.2SGD Per Lot |
| Oil / Energies | $4.8 Per Lot | 1.2USD,1.2AUD,1.2CAD,1.2EUR,1.2GBP,9.6HKD,120JPY,1.2NZD,1.2SGD Per Lot |
| Metals | Gold $4.8 Per Lot | Gold 1.2USD,1.2AUD,1.2CAD,1.2EUR,1.2GBP,9.6HKD,120JPY,1.2NZD,1.2SGD Per Lot |
| Shares / Equities | $30 Per 1 Million USD Traded | $9.0 Per 1 Million USD Traded |
| Indices | $30 Per 1 Million USD Traded | $9.0 Per 1 Million USD Traded |
| Soft commodities (coffee,sugar...) | $30 Per 1 Million USD Traded | $9.0 Per 1 Million USD Traded |
| Cryptocurrencies | $48 Per 1 Million USD Traded | $18 Per 1 Million USD Traded |
| Payment Options |
Monthly Cash Back
| |
| Standard | |
| Forex | 0.48 Pips |
| Oil / Energies | $4.8 Per Lot |
| Metals | Gold $4.8 Per Lot |
| Shares / Equities | $30 Per 1 Million USD Traded |
| Indices | $30 Per 1 Million USD Traded |
| Soft commodities (coffee,sugar...) | $30 Per 1 Million USD Traded |
| Cryptocurrencies | $48 Per 1 Million USD Traded |
| Payment Options |
Monthly Cash Back
|
| ECN | |
| Forex | 1.2USD,1.2AUD,1.2CAD,1.2EUR,1.2GBP,9.6HKD,120JPY,1.2NZD,1.2SGD Per Lot |
| Oil / Energies | 1.2USD,1.2AUD,1.2CAD,1.2EUR,1.2GBP,9.6HKD,120JPY,1.2NZD,1.2SGD Per Lot |
| Metals | Gold 1.2USD,1.2AUD,1.2CAD,1.2EUR,1.2GBP,9.6HKD,120JPY,1.2NZD,1.2SGD Per Lot |
| Shares / Equities | $9.0 Per 1 Million USD Traded |
| Indices | $9.0 Per 1 Million USD Traded |
| Soft commodities (coffee,sugar...) | $9.0 Per 1 Million USD Traded |
| Cryptocurrencies | $18 Per 1 Million USD Traded |
| Payment Options |
Monthly Cash Back
|
What are Ultima Markets rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do Ultima Markets rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
Copy Link
Share on Facebook
Share on X
Share by Email
