Ultima Markets Review

Ultima Markets operates under an offshore license and provides access to popular trading platforms, including MT4 and MT5, as well as its own custom software. This 2025 review offers a clear guide to their services, focusing on their pricing philosophy, their regulatory standing, and the features available to their clients.

Live Spreads: Competitive ECN Trading Costs

A key consideration for any trader is the transaction cost, which is primarily represented by the spread. This is simply the small price difference between an asset's immediate buy and sell quote. Ultima Markets offers a couple of main account types that handle this cost differently. The Standard account typically includes the full trading charge within the price you see, meaning no separate commission is usually applied. The ECN account is structured to offer narrower spreads, closer to the direct market rate, but it includes a fixed commission fee of $5 per round lot for each transaction.

The live data presented in the table above gives an insight into Ultima Markets' pricing model. It suggests that their ECN account offers a competitive cost structure when compared against some of the other brokers shown. The choice between account types depends on whether a trader prefers the all-in pricing of the Standard account or the commission-based model of the ECN account. You can use the orange 'Edit' button to customise the comparison table to see how Ultima Markets stacks up against other brokers or for different financial instruments.

Regulation: Operating Under the Mauritius FSC License

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
ULTIMA MARKETS UK LIMITED	United Kingdom - UK FCA		up to £85,000			30 : 1
Ultima Markets	Mauritius - MU FSC					2000 : 1

The operations of Ultima Markets are overseen through a single licence from the Financial Services Commission (FSC) of Mauritius. It is important for potential clients to recognise that Mauritius is classified as an offshore regulatory jurisdiction. The level of oversight and the stringency of the rules enforced by the FSC are not directly comparable to those of top-tier regulators like the UK's FCA, Australia's ASIC, or CySEC in the European Union.

That said, Ultima Markets does state that they implement important measures for the safety of client funds. They offer standard protections such as keeping client funds in segregated accounts, separate from the company's own operational capital, and providing enforced negative balance protection.

Available Assets: Wide Range Including ETFs and Digital Currencies

Ultima Markets provides its clients with access to a very broad spectrum of financial markets, primarily through CFDs. Their product offering includes numerous foreign exchange pairs, global stock market indices, individual company shares (as CFDs), government bonds, energy commodities, a variety of popular cryptocurrencies, precious metals, Exchange Traded Funds (ETFs), and even soft commodities like coffee and sugar.

You can explore the specific instruments currently available by using the search tool provided above. It is crucial to remember that trading CFDs means you are speculating on price movements, often with the use of leverage, rather than taking ownership of the underlying assets. This method can amplify both potential profits and potential losses.

Live Swap Rates: Average Overnight Swap Fees

If you keep a trading position open past the daily market close, your account will be subject to overnight financing adjustments, often called swap rates or rollover fees. These are small daily charges or credits that are applied to your account balance, based on the specific instrument you are trading and whether you are holding a buy or sell position.

The live swap rate data presented in the table above illustrates Ultima Markets' current overnight financing costs. When compared with the other brokers listed, their rates appear to be fairly average. As is standard practice across the industry, you should expect a triple charge to be applied mid-week, usually on a Wednesday, to cover the financing for the weekend period when markets are closed. You can use the orange 'Edit' button to compare the rates for different instruments or against other brokers.

Trading Platforms: Offering MT4, MT5, and a Custom Platform

Clients of Ultima Markets have the option to use the industry standard MetaTrader 4 (MT4) platform and its more advanced successor, MetaTrader 5 (MT5). In addition, the broker also provides its own proprietary trading platform, which could offer a different user experience that is closely integrated with their specific services. The table above provides a quick comparison of the pros and cons of each platform, helping traders decide which one best suits their needs.

Deposits/Withdrawals: Featuring Crypto and E-Wallet Options

Ultima Markets supports account funding through a variety of methods, including bank transfers, credit and debit cards, China UnionPay, Alipay, transfers from local currencies like VND, THB, MYR, and IDR to USD, and a couple of cryptocurrencies, such as Bitcoin and Tether (USDT).

While Ultima Markets themselves may not charge fees for these transactions, it is important to remember that your own bank might apply charges for wire transfers, and cryptocurrency network fees, often called miner fees, are a standard part of any blockchain transaction. It is always recommended to check the official Ultima Markets deposit and withdrawal page for the most accurate and up to date list of supported methods and any applicable limits for your region.

*Please note: Intermediary bank fees may apply to wire transfers. **Crypto network fees are paid by the sender.

Leverage: Very High Leverage up to 1:2000 Available

Operating under the Mauritius FSC licence provides Ultima Markets with the flexibility to offer very high leverage ratios, with a maximum of up to 1:2000. This level of leverage is substantially higher than what is permitted by stricter, onshore regulators. While this allows traders to control much larger positions with less initial capital, it also dramatically increases the financial risk involved. The use of such high leverage requires extremely careful and diligent risk management.

Ultima Markets Profile

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 RebateKingFX provides a convenient snapshot of the broker's operational details. This includes information such as their founding year of 2016, their various office locations, the wide range of available account currencies including all major fiat currencies, the languages supported by their customer service team, and a list of countries from which they are unable to accept clients, such as the US, Cyprus, and Australia.

Promotions: Examining Credit and Loyalty Bonus Offers

Ultima Markets frequently advertises various promotional offers, such as credit bonuses or ongoing loyalty bonus schemes. Given their offshore regulatory status, it is absolutely essential for clients to carefully read the full terms and conditions attached to any bonus offer before they decide to participate and to read all the fine print very carefully.