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Ultima Markets -

Score

5.54 /10
Average

Ultima Markets

Cyprus

5-10 years

Regulated in Cyprus

Straight Through Processing(STP)

MT4 Full License

Global Business

Suspicious Overrun

High potential risk

https://www.ultimamarkets.asia

Benchmark

AA

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index6.24

Business Index6.97

Risk Management Index0.00

Software Index9.99

License Index5.23

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Ultima Markets Ltd

Company Abbreviation

Ultima Markets

Platform registered country and region

Cyprus

Company website

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Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 3
Previous Detection : 2025-01-31
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 52497)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Survey

Danger

Ultima Markets

Cyprus

WikiFX Verification

Ultima Markets · Benchmark
Average transaction speed(ms)
562.8
The highest transaction speed(ms)
78 Great
The highest speed of opening positions(ms)
265
The highest speed of closing position(ms)
78 Great
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1953
Ranking： 30 / 120
Test user 167
Transactions 49,363
Ocuppied margin $2,883,997 USD
Data Source WikiFX Data provide
Updated: 2025-01-30 01:01:00

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Withdrawal Refusal

I applied for a withdrawal, but I was rejected with only a confirmation response and my principal has not been returned.

FX2301887744
2024-10-21 09:35
Unable to Withdraw

This is a fraudulent company.

No matter how many times you inquire, you will only receive a form letter in response. Let's absolutely avoid making any deposits!

FX2301887744
2024-10-24 10:25
Severe Slippage

Ultima Markets dumps the blame after making profits

I deposited 3,000 US dollars on this platform, and used the agent to follow the order method to apply the Martin strategy. In the end, I made a profit that doubled, and I planned to apply for a withdrawal, but at this time I was stuck! !

Opxn
2023-11-29 22:00
Scam

Deduct Fund PNL 711$

My Ultimamarkets mt4 id is 854267. This broker scammed me 717$. I did Normal trade i deposit 801$ and did profit of 300$. First i placed withdraw of 325$, this broker rejected my withdraw At the end they removed my capital with profit from my portal and refused to give me single penny. A regulated broker never do this to their clients. How a regulated can remove funds from mt4 and client portal without permission of his client ? did deduct all profit I am attaching all my proof here please declare this broker as scam. Many traders are raising voices against this broker at trust pilot. I am also in contact with other effected traders of ultimamarket and we will declare this broker as scam broker from their regulations.

Wian
2024-07-22 18:55
Resolved

Ultima Market refused to give my capital & profit

Hi my name is Farooq ali abbasi. My registered email at ultima market is farooqaliabbasi@gmail.com. My ultima mt4 id is 823690. This broker scammed me 1902$. I did Normal trade in US Share hood. i deposit 500$ and did profit of 1402$. First i placed withdraw of 1502$, this broker rejected my withdraw then i placed withdraw of 1600$ then again this broker rejected my withdraw. At the end they removed my capital with profit from my portal and refused to give me single penny. A regulated broker never do this to their clients. How a regulated can remove funds from mt4 and client portal without permission of his client ? Before this trade, I did Normal trade in another US share PayPal and my account washed out and did loss of 934$ as market was not in my favor. Then ultima broker removed my nagitive balance and let me trade again. So as i did profit they eat my all profit with deposit amount. I am attaching all my proof here please declare this broker as scam. Many traders are raising voices against this broker at trust pilot. I am also in contact with other effected traders of ultima market and we will declare this broker as scam broker from their regulations. I am requesting you kindly help me to recover my hard earn money from this broker. Also declare this broker as scam broker so that many other traders stay away from getting scammed. Thanks

Farooq Ali Abbasi
2024-02-19 23:00
Ultima Markets · Company summary
Ultima Markets Overview in 9 Points
Company NameUltima Markets
Registered Country/RegionMauritius
RegulationRegulated by CYSEC and FSCA
Maximum Leverage1:2000
SpreadsFrom 0 pips
CommissionsFrom $0
Minimum Deposit50 USD
Trading PlatformsMT4
Market InstrumentsForex, Precious Metals & Commodities, Indices, and Shares
Customer SupportEmail：contact@ultimamarkets.com
Live chat
Telegram：@ultimamarkets

Ultima Markets Overview

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.

Ultima Markets Overview

Regulatory Status

Regulatory AgencyCurrent StatusLicense TypeRegulated ByLicense No.
Cyprus Securities and Exchange CommissionRegulatedStraight Through Processing (STP)Cyprus426/23
Financial Sector Conduct AuthorityExceededFinancial Service CorporateSouth Africa52497
Regulatory Status
Regulatory Status

Market Instruments

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 ProductAvailable in Ultima Markets
FOREX✓
Precious Metals & Commodities✓
Indices✓
Shares✓
Market Instruments
Market Instruments

Trading Platform

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.

Trading Platform
Trading Platform

Account Types

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 AccountECN AccountStandard Cent AccountECN Cent Account
PlatformsMT4, Webtrader, Mobile AppsMT4, Webtrader, Mobile AppsMT4, Webtrader, Mobile AppsMT4, Webtrader, Mobile Apps
SpeedMarket ExecutionMarket ExecutionMarket ExecutionMarket Execution
Products250+ Currency pairs, Indices, Commodities, Share CFDs250+ Currency pairs, Indices, Commodities, Share CFDs60+ Currency pairs and Gold60+ Currency pairs and Gold
LeverageUp to 2000:1Up to 2000:1Up to 2000:1Up to 2000:1
Minimum spread1.0 pips0.0 pips1.0 pips0.0 pips
Commission0 USD5 USD0 USC5 USC
Minimum deposit50 USD50 USD50 USD50 USD

Deposit & Withdrawal

DepositMethodsAcceptedCurrenciesFeesMin AmountMax AmountProcessing Time
MastercardAllFree50 units of accountcurrency1,900 USD1 Hour
VISAAllFree50 units of accountcurrency1,900 USD1 Hour
BitcoinBTCFree50 units of accountcurrency5,000,000 USDT1 Hour
TetherUSDTFree50 units of accountcurrency5,000,000 USDT1 Hour
AlipayRMB/USDFree200 USD20,000 RMB1 Hour
UnionPayRMBFree200 USD49,999 RMB1 Hour
International EFTAllIntermediary bank fee & Transfer fee*50 units of account currency99,999,999.99 USD2-5 Working Days
VNDVND/USDFree300,000,000 VND300,000,000 VND1 Hour
THBTHB/USDFree500,000 THB500,000 THB1 Hour
MYRMYR/USDFree50,000 MYR50,000 MYR1 Hour
IDRIDR/USDFree100,000,000 IDR100,000,000 IDR1 Hour

Deposit Bonus

The initial deposit bonus is 50%, and all subsequent deposits will receive an additional 20% credit bonus. Below is an example of the calculation.

Deposit Bonus
Deposit Bonus

News

NewsCelebrate New Year with Ultima Markets

Ultima Markets is ready to make your New Year's celebration even more memorable. The broker is offering a special 100% bonus.

WikiFX
2024-12-31 20:06
Celebrate New Year with Ultima Markets
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FX4073772298
0-3months
获利后平台直接扣除不让出境
获利后平台直接扣除不让出境
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2025-01-30 23:38
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0
FX4073772298
0-3months
盈利了不让出金
盈利了不让出金
Translate to English
2025-01-22 16:22
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0
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5