Score
5-10 yearsRegulated in United Kingdom
Straight Through Processing (STP)
MT4 Full License
Regional Brokers
Suspicious Overrun
High potential risk
Benchmark
Influence
Add brokers
Comparison
Quantity 31
Exposure
Score
Regulatory Index6.61
Business Index7.16
Risk Management Index0.00
Software Index9.99
License Index6.24
Single Core
1G
40G
More
Company Name
Ultima Markets Ltd
Company Abbreviation
Ultima Markets
Platform registered country and region
United Kingdom
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
WikiFX Data provideNever use this very deceptive broker Ultima marekts, their slippage is very serious, my TP position was 3340 and it automatically closed my order at 3341
This platform is deceiving its customers. Damn! I deposited $5,000, the bank debited the funds, but the platform hasn't credited my account yet! Customer service insisted it was a 'payment failure' and asked me to pay again. Three days later, I checked my bank statements and found two $5,000 withdrawals! After half a month of accountability, they only refunded one. What a rip-off broker!
They actually tampered with historical order records? This is the first time I've encountered such a shameless trader. Last Friday, I had a stop-loss of 79.80 on my crude oil short position, but after the margin call, I checked the record and it showed "no stop-loss." I contacted customer service to request the original log, and they sent me a screenshot saying "user not set"—I still have a screen recording of the order with a stop-loss on my phone. You guys are tampering with orders at will in the backend, using fake orders to deceive people. Don't trust them.
मैं कोलकाता का एक ट्रेडर हूँ। मैंने यहाँ 5,00,000 रुपये जमा किए थे। मेरी निकासी अस्वीकार कर दी गई और शिकायत दर्ज कराने के बाद, मेरा खाता भी फ्रीज कर दिया गया। मैं अभी भी अपना पैसा नहीं निकाल पा रहा हूँ। अल्टिमा मार्केट्स भारत में एक घोटाला है। मैंने 3,80,000 रुपये निकालने के लिए आवेदन किया, लेकिन उन्होंने "धन का स्रोत संदिग्ध" बताया और पिछले तीन वर्षों के मेरे टैक्स रिटर्न मांगे। मैंने उन्हें जमा कर दिया, लेकिन उन्होंने उन्हें "अधूरा" बताकर धनराशि जारी करने से साफ इनकार कर दिया। ट्रेडिंग के दौरान स्लिपेज किसी भी प्लेटफॉर्म की तुलना में सबसे खराब था। USD/CAD पर मेरा स्टॉप-लॉस 1.350 था, लेकिन मेरे बंद होने से पहले यह 1.362 पर आ गया। 120 अंकों की स्लिपेज के परिणामस्वरूप 2,50,000 रुपये का नुकसान हुआ। भारतीय उपयोगकर्ताओं को इस अनियमित प्लेटफॉर्म से बचना चाहिए, जो धोखाधड़ी वाली निकासी पर निर्भर करता है।
Don't use this broker!!! They advertise low spreads, but in reality, once you've made a profit, they'll restrict your account at any time. This is a rubbish broker, don't choose this platform.
This is outrageous. They manipulated the charts. I placed a short order on crude oil at 79.50, and the 4-hour chart showed a long upper shadow. Five minutes later, when I refreshed the chart, the upper shadow had disappeared! I lost $680. I took screenshots and questioned customer service, but they didn't respond. They were deliberately doing this. I'm sure I'll never work with this broker again.
I want to expose Ultima Markets' "low spread" lie! They claim a "fixed spread of 4 pips on USD/JPY," but during actual trading hours (from 9:00 AM to 3:00 PM local time), the spread reached up to 32 pips—nine times higher than Mumbai's platform! Last month, I traded in XAU/USD (gold). When I placed the order, the spread showed 6 pips, but after the trade was completed, it became 21 pips. They charged me an extra ₹75,000. I had set the buy price at ₹83.50 per USD, but the system displayed the trade at ₹83.86. Due to this 36-point slippage, I suffered a loss of ₹108,000. Ultima Markets uses slippage to steal your money. Do not trust them.
Ultima Markets' order execution is intentionally slow. During market volatility, order execution performance deteriorates dramatically, causing devastating slippage. During the recent ECB interest rate decision, I placed a EURUSD market order. The platform recorded an execution delay of over 2.3 seconds, during which the price had risen by more than 25 pips. As a result, my order was filled at a much worse price than expected, immediately rendering my trading strategy ineffective. During the same event, my stop-loss order also experienced significant slippage, increasing my losses. This level of delay is completely unacceptable in today's technological environment and directly demonstrates that the infrastructure is incapable of handling normal market fluctuations, forcing clients to bear the full cost of their technical shortcomings.
Brothers, you must choose the platform carefully. This platform is really not good. I clearly set a profit target of 3359, but when it reached 3359.84, I didn’t make any profit. In the blink of an eye, it reached 3358, so I had to close the position manually.
Everyone should read this honest review to expose this platform's practices. I've been trading with UltimaMarkets for six months, but just last week, my account was downgraded and blackmailed. Customer service said they were going to reduce my leverage from 1:500 to 1:100! My margin gap on my existing short GBP position widened immediately, forcing me to deposit $1,000 to cover my position. I will never trust this broker again. They have absolutely no integrity.
Avoid UltimaMarkets! It's a shady platform that rips off investors. I deposited $5,000 to trade, and within just two weeks, I lost most of it to various "accidents." When I tried to withdraw, I was met with constant frustration. A week after submitting my withdrawal request, there was no response. Customer service either played dead or made excuses like "system maintenance" or "document review." To this day, I haven't received a single cent. I've set stop-loss points, but they were repeatedly bypassed by malicious slippage. I've watched my losses grow while they tricked me into depositing money and then used various tricks to drain my money.
स्टॉप-लॉस ऑर्डर बेकार हैं! सिस्टम के ठीक से काम न करने की वजह से मुझे 2,60,000 रुपये का नुकसान हुआ। K-लाइन चार्ट दूसरे वैध प्लेटफॉर्म्स के मुकाबले चार मिनट धीमे हैं। पिछले हफ़्ते, EUR/USD की कीमत अचानक गिर गई, और जब तक मैंने इसे अल्टिमा मार्केट्स पर देखा, तब तक यह 80 अंक गिर चुका था। मैं समय पर अपनी पोजीशन भी बंद नहीं कर पाया, जिससे मुझे 1,20,000 रुपये का और नुकसान हो गया! मैंने ग्राहक सेवा से पूछा कि क्या वे डेटा में देरी की समस्या को ठीक कर सकते हैं। अल्टिमा मार्केट्स का सिस्टम पूरी तरह से बनावटी है, और स्टॉप-लॉस फीचर पूरी तरह से धोखाधड़ी है। मैंने USD/JPY पर शॉर्ट किया और 143.2 पर स्टॉप-लॉस सेट किया। जब कीमत 143.1 पर पहुँची, तो मुझे राहत मिली, लेकिन सिस्टम ने कोई प्रतिक्रिया नहीं दी। जब तक कीमत 144.5 पर नहीं पहुँची, तब तक इसने मेरी पोजीशन अपने आप बंद नहीं की—एक 130-पॉइंट अमान्य स्टॉप-लॉस जिसकी वजह से मुझे 2,60,000 रुपये का नुकसान हुआ। यह पूरी तरह से ज़िम्मेदारी से बचना है। उन्हें भारतीय उपयोगकर्ताओं की ज़रूरतों की कोई समझ नहीं है और उन्हें उनके नु
My Ultimamarkets MT4 account number is 874267. This broker scammed me out of $300. I traded normally, deposited $801, and made a profit of $300. They took my principal and profits and didn't give me a penny. Please mark this broker as a scam. Is this a scammer or a repeat offender?
Trading with UltimaMarkets. Automated trading interferes with my account and causes a liquidation. It's abhorrent. I'd been running a gold EA strategy with consistent profits for three months, but last week, the platform suddenly updated its system, causing my EA to repeat orders 11 times per second! In just eight minutes, my account went from a 20% profit to a liquidation, resulting in a $3,800 loss! It was all my money stolen. It's best to choose a reliable broker.
Within the first 15 seconds, all currency pair quotes stop updating, but the trading button displays as "available." When attempting to place an order, the order actually goes into a queue, and once the quotes resume, it gets executed at the most unfavorable price. During the non-farm payroll period, my gold long order was set to buy at 1845.00 before the data release, but the actual transaction price was 1862.50, resulting in a slippage of $1,750! During the same period, the maximum slippage on other platforms did not exceed $500. The most decisive evidence is that the quote freeze period is precisely controlled at 15-17 seconds, covering the maximum volatility range after the data release. This premeditated technical manipulation sets up customers for slaughter, and
Ultima Markets is the most shameless and unscrupulous forex platform I have ever encountered. Barely any! I'm exposing this platform with my real name to help more people see its ugly face and avoid being deceived. Initially, I was attracted by Ultima Markets' supposedly high-yield investment program. After carefully studying the various data and promises they presented, I invested money with a mixture of caution and anticipation. But problems soon arose. The platform's trading rules seemed to change arbitrarily. After I profited by following the original rules, they suddenly froze my account, deducted my profits, and even refused to withdraw my principal, citing "illegal trading." When I asked them to provide concrete evidence of the violations, they were evasive and unable to produce any substantive evidence. They simply resorted to unreasonable tactics and forcefully seized my money. I tried to resolve the issue with the platform, but the customer service was extremely rude and
| Ultima Markets Overview in 9 Points | |
| Company Name | Ultima Markets |
| Registered Country/Region | Mauritius |
| Regulation | Regulated by CYSEC and FSCA |
| Maximum Leverage | 1:2000 |
| Spreads | From 0 pips |
| Commissions | From $0 |
| Minimum Deposit | 50 USD |
| Trading Platforms | MT4 |
| Market Instruments | Forex, Precious Metals & Commodities, Indices, and Shares |
| Customer Support | Email：contact@ultimamarkets.com |
| Live chat | |
| Telegram：@ultimamarkets | |
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.
| Regulatory Agency | Current Status | License Type | Regulated By | License No. |
| Cyprus Securities and Exchange Commission | Regulated | Straight Through Processing (STP) | Cyprus | 426/23 |
| Financial Sector Conduct Authority | Exceeded | Financial Service Corporate | South Africa | 52497 |
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 Product | Available in Ultima Markets |
| FOREX | ✓ |
| Precious Metals & Commodities | ✓ |
| Indices | ✓ |
| Shares | ✓ |
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.
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 Account | ECN Account | Standard Cent Account | ECN Cent Account | |
| Platforms | MT4, Webtrader, Mobile Apps | MT4, Webtrader, Mobile Apps | MT4, Webtrader, Mobile Apps | MT4, Webtrader, Mobile Apps |
| Speed | Market Execution | Market Execution | Market Execution | Market Execution |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs | 250+ Currency pairs, Indices, Commodities, Share CFDs | 60+ Currency pairs and Gold | 60+ Currency pairs and Gold |
| Leverage | Up to 2000:1 | Up to 2000:1 | Up to 2000:1 | Up to 2000:1 |
| Minimum spread | 1.0 pips | 0.0 pips | 1.0 pips | 0.0 pips |
| Commission | 0 USD | 5 USD | 0 USC | 5 USC |
| Minimum deposit | 50 USD | 50 USD | 50 USD | 50 USD |
| DepositMethods | AcceptedCurrencies | Fees | Min Amount | Max Amount | Processing Time |
| Mastercard | All | Free | 50 units of accountcurrency | 1,900 USD | 1 Hour |
| VISA | All | Free | 50 units of accountcurrency | 1,900 USD | 1 Hour |
| Bitcoin | BTC | Free | 50 units of accountcurrency | 5,000,000 USDT | 1 Hour |
| Tether | USDT | Free | 50 units of accountcurrency | 5,000,000 USDT | 1 Hour |
| Alipay | RMB/USD | Free | 200 USD | 20,000 RMB | 1 Hour |
| UnionPay | RMB | Free | 200 USD | 49,999 RMB | 1 Hour |
| International EFT | All | Intermediary bank fee & Transfer fee* | 50 units of account currency | 99,999,999.99 USD | 2-5 Working Days |
| VND | VND/USD | Free | 300,000,000 VND | 300,000,000 VND | 1 Hour |
| THB | THB/USD | Free | 500,000 THB | 500,000 THB | 1 Hour |
| MYR | MYR/USD | Free | 50,000 MYR | 50,000 MYR | 1 Hour |
| IDR | IDR/USD | Free | 100,000,000 IDR | 100,000,000 IDR | 1 Hour |
The initial deposit bonus is 50%, and all subsequent deposits will receive an additional 20% credit bonus. Below is an example of the calculation.
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for August 14, 2025.Technical Analysis of USDJPYUSDJPY Daily Chart InsightsAfter a robust surge in late
WikiFX
Ultima Markets brings you an insightful breakdown of the AUDUSD for August 13, 2025.Technical Analysis of AUDUSDAUDUSD Daily Chart InsightsThe price is presently experiencing a consolidation period wh
WikiFXIn this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for August 12, 2025.Technical Analysis of USDXUSDX Daily Chart InsightsStochastic Oscillator: The indicato
WikiFXIn this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the UK100 for August 8, 2025.Technical Analysis of UK100UK100 Daily Chart InsightsStochastic Oscillator: The indica
WikiFXMore
User comment
271
CommentsWrite a review
