Ultima Markets Overview
| Website | ultimamarkets.com |
| Year Founded | 2009 |
| Countries of Registration | Mauritius, Cyprus |
| Website Languages | English, Chinese, Malay, Indonesian, Spanish, Japanese, German, French, Italian, Thai, Arabic |
| Regulators | FSC, CySEC |
| Broker Type | MM, STP, ECN |
| Dealing | A-book, B-book |
| Minimum Deposit | $20 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4) |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
Brief look at Ultima Markets
Ultima Markets is a reputable Forex broker established with a commitment to providing a comprehensive trading environment for both novice and seasoned traders. Offering a wide range of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies, Ultima Markets ensures diverse trading opportunities. With competitive spreads, flexible leverage options up to 1:2000, and a low minimum deposit requirement, Ultima Markets appeals to a broad spectrum of traders. Additionally, the broker emphasizes security and transparency by being regulated by reputable financial authorities, ensuring that clients' funds are safeguarded. Responsive customer support available 24/5, and advanced trading tools further enhance the trading experience, making Ultima Markets a compelling choice for individuals seeking a reliable and feature-rich Forex brokerage.
Pros
- Offers multiple account options
- Provides access to a variety of financial instruments
- Features competitive spreads and leverage options
- Regulated by reputable financial authorities
- Requires a low minimum deposit
- Compatible with automated trading systems and Expert Advisors (EAs), facilitating algorithmic and high-frequency trading strategies
Cons
- Absence of fixed spread account options could be a drawback for traders who prefer consistent spreads irrespective of market volatility
- Limiting options for traders who prefer other trading platforms like MetaTrader 5 or proprietary alternatives
- Lacks comprehensive educational resources, such as webinars, tutorials, and e-books, which can hinder the learning and development of new traders
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Ultima Markets Reviews
Ultima Markets provides a reliable trading experience with a low minimum deposit and a variety of account types. The MT4 platform is user-friendly, and the mobile app allows me to trade on the go. Withdrawal time is generally swift, and the bonus offers are a nice addition. However, I wish they supported MT5 for more advanced trading features.
1/15/2024I appreciate the easy sign up process and the demo account offered by Ultima Markets. The spread rates are competitive, and the leverage options are generous. On the downside, the withdrawal time can sometimes be delayed, and the absence of MT5 limits my trading options. Additionally, there are no comprehensive educational materials available for beginners.
2/10/2024Ultima Markets offers a solid trading platform with MT4 and various account types to suit different trading styles. The minimum deposit is affordable, making it accessible for new traders. The app is convenient, but I experienced occasional glitches during peak trading hours. Withdrawal times are mostly prompt, and the rebate program adds value to my trading activities.
3/5/2024While Ultima Markets has a straightforward download and sign up process, and offers multiple account types, I found the leverage options to be a bit too high, increasing my trading risks. The spreads are reasonable, but the lack of MT5 support is a major drawback for me. Moreover, there are no educational resources to help new traders improve their skills.
4/12/2024Ultima Markets is a decent broker with a variety of Forex trading options and competitive spreads. The MT4 platform works smoothly, and the demo account was useful for testing my strategies. Signing up was easy, and the minimum deposit requirement is low. However, the withdrawal time can sometimes be longer than expected, and the absence of MT5 is disappointing for those who prefer the newer platform.
5/20/2024Leave a Review
Is Ultima Markets regulated?
| Companies | Ultima Markets Ltd, Ultima Markets Cyprus Ltd |
| Countries | Mauritius, Cyprus |
| Regulators | FSC, CySEC |
| Investor Protection | Investor Compensation Fund (ICF) |
| Investor Protection Size | €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Ultima Markets Account Types
| Property | Standard | ECN | Cent Account |
|---|---|---|---|
| Min Deposit | $50 | $50 | $20 |
| Lot Size | 0.01 | 0.01 | 0.01 |
| Spread Type | Floating | Floating | Floating |
| Execution | Market | Market | Market |
| Min Spread | 1 pips | 0.1 pips | 1 pips |
| Fee | No | $5 per 1 lot | No |
| Max Leverage | 1:2000 | 1:2000 | 1:2000 |
| Stop Out | 20% | 20% | 50% |
| Margin Call | 50% | 50% | 80% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Ultima Markets Funding and Fees
| Base currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Alipay, Bitcoin (BTC), Tether (USDT) |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Ultima Markets Trading Platforms and Conditions
| Trading Platforms | MetaTrader 4 (MT4) |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Ultima Markets Trading Assets
| Currencies | 60 |
| Indices | 28 |
| Stocks | 86 |
| Cryptocurrencies | 47 |
| Bonds | 7 |
| Metals | 9 |
| Energies | 7 |
| Soft Commodities | 7 |
| ETFs | 6 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Ultima Markets Support
Ultima Markets Alternatives
| Broker | Ultima Markets | RoboForex | IC Markets | Exness | FxPro | FBS |
|---|---|---|---|---|---|---|
| Type | MM, STP, ECN | MM, STP, ECN | ECN, DMA | MM, STP, ECN | STP, MM | STP |
| Minimum Deposit | $20 | $10 | $200 | $10 | $1 | $5 |
| Regulators | FSC, CySEC | BFSC | SFSA, ASIC, CySEC, CMA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FCA, CySEC, FSCA, SCB | BFSC, CySEC, ASIC, FSCA |
| Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader |
| Spread | low | low | low | low | low | low |
| Leverage | 1:2000 | 1:2000 | 1:500 | 1:2000 | 1:500 | 1:3000 |
| Assets | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
Is Ultima Markets Right for You?
Ultima Markets stands out as a reputable Forex broker, offering a diverse range of financial instruments, competitive spreads, and high leverage options of up to 1:2000. With a low minimum deposit requirement and regulation by respected financial authorities, it provides a secure trading environment that appeals to both novice and experienced traders. Additionally, the broker's supportive customer service and compatibility with automated trading strategies enhance the overall trading experience. However, potential users should be aware of certain drawbacks. The absence of fixed spread account options may deter traders who prefer consistent spreads during volatile market conditions. Furthermore, the limited availability of alternative trading platforms and the lack of extensive educational resources may pose challenges for new traders looking to enhance their skills. In summary, Ultima Markets is an excellent choice for traders seeking a robust platform with diverse instruments and high leverage. It is particularly suitable for those who are comfortable with the current offerings and experienced in automated trading. Conversely, beginners or those who prefer fixed spreads and comprehensive educational resources may want to consider other options.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
