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Company Review

Ultima Markets Review: All You Need to Know

Regulation and LicenseASIC, FSC, CySEC
HQThe Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius
Founding year2016
Leverage rangeCustomizable leverage: 1:100, 1:200, 1:300, 1:400, 1:500, 1:2000
Min Deposit$50
PlatformsMT4, Ultima markets app, WebTrader, UM Social
Demo accountYes
Base CurrenciesUSD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY
Customer support24/5 multilingual support
CryptoYes
Websitehttps://www.ultimamarkets.com

Introduction

Ultima Markets is a forex and CFD broker that provides a variety of trading services, such as FX pairs, metals, commodities, indices, and CFDs. The broker operates under the Financial Services Commission (FSC) of Mauritius regulations and serves a global customer base. This review will go over several areas of Ultima Markets, such as regulatory compliance, deposit and withdrawal, trading markets, trading platforms, available account types, customer support, and key features.

It is crucial to highlight that, while Ultima Markets Ltd. does not have any entities in the European Union, it sends EU clients to Ultima Markets Cyprus Ltd., which is regulated by the Cyprus Securities and Exchange Commission. This is an important aspect for clients in the EU looking for a broker who is compliant with European regulations.

As we move on, each section of the review will delve into details, assisting traders and investors in understanding what Ultima Markets has to offer and how it may meet their trading needs and preferences.

Regulatory Compliance

The forex broker works within a multi-jurisdictional regulatory framework that ensures compliance with international financial rules and practices. This framework contains:

Ultima Markets Regulation infographic on Finance Magnates Directory
  • Securities and Exchange Commission (License No. 426/23): For European Union clients, Ultima Markets refers to Ultima Markets Cyprus Ltd., which is regulated by the Cyprus Securities and Exchange Commission. The CySEC's regulatory framework is noted for its strict standards, particularly in terms of investor protection and financial transparency.

  • Financial Services Commission (License No. GB 23201593): Ultima Markets is authorized and overseen as an Investment Dealer by the Financial Services Commission of Mauritius. This legislation requires compliance with a variety of financial standards, including capital adequacy requirements and client fund segregation.

  • ASIC (License No. 001305972): Ultima Markets also possesses a license from the Australian Securities and Investments Commission (ASIC). This adds another degree of regulatory control by extending compliance and operational standards to Australia.

Deposit And Withdrawal Methods

Ultima Markets provides a variety of deposit and withdrawal methods to meet the different financial needs of its clients. These alternatives are intended to provide flexibility, ease, and efficiency in handling funds.

Deposit Options

Currencies and Limits: Ultima Markets accepts deposits in a variety of currencies, increasing the flexibility for international traders. The available account currencies are USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY. This variation allows traders from different places to select the currency that best meets their needs. The minimum deposit size is normally $50 of the chosen account currency, with certain methods allowing for maximum deposits of 5,000,000 USDT.

Fees and Processing Time: Deposits are typically free of charge, making it an affordable choice for traders to fill their accounts. Most deposit methods provide rapid processing, allowing traders to fund their accounts instantly and begin trading without delays.

Withdrawal Options

Withdrawal Currencies and Limits: Similar to deposits, withdrawals can be performed in a variety of currencies, including USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, and JPY. This ensures that dealers can withdraw funds in their preferred currency. The minimum withdrawal value ranges between $40 and $50 USD depending on the withdrawal method chosen, and maximum withdrawal restrictions may vary, with some methods allowing withdrawals of up to 5,000,000 USDT.

Fees and Processing Time: Withdrawals are usually free; however, transactions with foreign banks may incur intermediary costs or be subject to exchange rate fluctuations. Withdrawal processing times vary from instant to a maximum of 2-5 business days, depending on the method used.

Payment Methods

Ultima Markets deposit and withdrawal Methods Infographic on Finance Magnates Directory

Ultima Markets accepts a variety of payment options, including major credit and debit cards, e-wallets, and cryptocurrencies such as Bitcoin and Tether. This range of payment alternatives allows traders to select the most convenient method for them.

The broker stresses secure and timely transaction processing, demonstrating its dedication to providing its clients with a flawless trading experience.

Available Trading Markets

The broker provides a comprehensive choice of trading instruments across many asset classes to meet the interests and demands of individual traders. Here's an in-depth look at the accessible assets:

Forex Trading

Ultima Markets offers a comprehensive forex trading experience with over 80 currency pairings. This includes key pairs such as EUR/USD, GBP/USD, and USD/JPY, among others. Ultima Markets' forex markets are open 24/5 to meet the demands of traders from various time zones. The platform offers leveraged transactions and cheap spreads, making it an attractive option for traders wishing to participate in the global forex markets.

Indices

The platform supports a wide number of global indices, including the NAS100, HK50, GER30, and DJI30. This type enables traders to follow the moves of major stock markets throughout the world. Ultima Markets offers indices trading with leverage of up to 1:500, allowing traders to enhance their market exposure and potentially increase their returns. However, potential traders should consider that with leverage, there are risks of increased losses

Shares

Ultima Markets offers Share CFDs on numerous well-known equities, including Apple, Amazon, Disney, and Tesla. The platform enables leveraged trading in various worldwide share CFD marketplaces, as well as strong liquidity and fast execution. This allows traders to trade shares. whether on the move or at their workstations.

Metals and Commodities

Metal and commodity trading, including gold, oil, and other precious metals, is offered to traders interested in these highly liquid markets. Commodities trading on Ultima Markets is ideal for people interested in price speculation, with the added benefits of deep liquidity, no hidden costs, and fast execution thanks to their superior trading infrastructure.

Available Trading Platform

MetaTrader 4 (MT4)

Ultima Markets provides MetaTrader 4, a platform well-known in the forex and CFD trading communities for its versatility and user-friendly interface. It supports a wide variety of asset classes, including FX, metals, commodities, indices, and stocks. MT4 is intended to appeal to both new and experienced traders, offering a blend of simplicity and powerful trading tools. It provides customisable charts and a wide range of indicators for effective market analysis.

The platform also enables automated trading via expert advisors, enabling traders to create their own algorithms. In addition, MT4 features risk management tools such as lot size calculations and guaranteed stops to help traders control their risks. It is available on both desktop and mobile platforms, making trading more flexible and convenient.

Ultima Markets App

The Ultima Markets App is designed for mobile trading, allowing clients to manage their transactions from a variety of devices. This program has extensive technical charting features and ensures quick order execution. It provides access to a variety of markets, such as currencies, metals, commodities, indices, and stocks. The app's user-friendly design is simple and intuitive, making it ideal for traders who prefer a mobile trading experience.

Ultima Markets App Image on Finance Magnates Directory

WebTrader

WebTrader is a web-based platform that allows you to trade straight from your web browser, without the need for any program downloads. It includes a variety of trading tools and resources similar to those found on other platforms, such as market analysis and charting software. This platform is suitable for traders that value accessibility and ease without having to install additional software.

UM Social

Ultima Markets provides UM Social, a social trading platform where traders can connect, learn, and trade together. This tool is particularly useful for inexperienced traders and those trying to improve their methods.

Key Features of UM Social Trading:

  • Social Network for Traders: UM Social serves as an online forum where traders can share and debate their trading decisions and methods.

  • Copy Trading: Users can mimic the trades of more experienced traders, making it a fantastic learning tool for newcomers.

  • Real-time Updates: Provides updates from selected signal sources, allowing traders to stay informed and alter their strategy quickly.

  • Risk Management: Includes configurable replication settings for risk management and order modifications in reaction to market movements.

  • Signal Provider Opportunities: Experienced traders can become signal providers, sharing their ideas while earning commissions.

Overall, Ultima Markets' UM Social platform creates an interactive and collaborative environment for traders. It combines the benefits of community insights with copy trading, making it an excellent alternative for both new and seasoned traders.

The platform's user-friendly interface, real-time updates, and connectivity with numerous devices make it more accessible and convenient. By allowing traders to share tactics and learn from one another, UM Social promotes a community-driven trading experience.

Trading Account Types

Ultima Markets provides a number of account types to meet various trading requirements and preferences. Here's a summary of the available account types:

Ultima Markets Account Types Infographic on Finance Magnates Directory

Standard Account

Features:

  • Platforms: MT4, WebTrader, Mobile Apps.

  • Execution Speed: Instant execution.

  • Tradable Products: Over 250 currency pairs, indices, commodities, share CFDs.

  • Leverage: Up to 2000:1.

  • Minimum Spread: 1.0 pips.

  • Commission: None.

  • Minimum Deposit: $50 USD.

  • Suitable for: Traders seeking stable trading conditions without commission charges.

ECN Account

Features:

  • Platforms: MT4, WebTrader, Mobile Apps.

  • Execution Speed: Market execution.

  • Tradable Products: Over 250 currency pairs, indices, commodities, share CFDs.

  • Leverage: Up to 2000:1.

  • Minimum Spread: 0.0 pips.

  • Commission: $5 USD.

  • Minimum Deposit: $50 USD.

  • Suitable for: Experienced traders looking for the best trading conditions with the lowest spreads.

Pro ECN Account

Features:

  • Platforms: MT4, WebTrader, Mobile Apps.

  • Execution Speed: Market execution.

  • Tradable Products: Over 250 currency pairs, indices, commodities, share CFDs.

  • Leverage: Up to 2000:1.

  • Minimum Spread: 0.0 pips.

  • Commission: $3 USD.

  • Minimum Deposit: $20,000 USD.

  • Suitable for: High-frequency and professional traders requiring low commissions with high volume and frequency.

Free Demo Account

Features:

  • Provides an opportunity to practice investing and gain knowledge of trading and market risk-free.

  • Virtual Funds: Up to $100,000 USD.

  • Suitable for beginners or those wishing to test strategies before live trading.

Market Outlook and Tools

Market Outlook

News: Ultima Markets keeps traders updated on the newest financial market news. Keeping up with current events is critical for traders to recognize market patterns and make informed decisions. The program delivers a constant stream of news, ensuring that traders have access to real-time information affecting financial markets.

Analysis: In addition to news, Ultima Markets provides expert analysis. This includes technical analysis of numerous financial instruments, such as major currencies, indices, and commodities. These assessments assist traders in understanding probable market movements and developing effective trading methods, which aid in spotting fresh trading opportunities.

Tools

Economic Calendar: The economic calendar is a crucial tool provided by Ultima Markets. This calendar is essential for traders who want to keep track of major economic events that may have an impact on market conditions. It aids with the planning of trades around these occurrences, ensuring that traders are well prepared for market volatility.

Trading Calculator: Ultima Markets also provides a useful trading calculator. It helps traders perform exact calculations for their trades, such as evaluating margin requirements and prospective profit or loss scenarios. This tool can help traders better manage their risk and investing approach.

Contract Specifications: Ultima Markets offers precise contract specifications, giving traders a clear understanding of the trading conditions and needs for various instruments. This information is critical for understanding the details of each trade, such as leverage, spreads, and lot size.

VPS: Ultima Markets' Virtual Private Server (VPS) service improves the trading experience by enabling faster execution speeds. It is especially useful for running automated trading techniques since it provides a more stable and consistent trading environment.

Promotion

Ultima Markets provides a number of promotions meant to improve the trading experience and bring value to its clients. These promotions include deposit incentives and trading tournaments, each suited to the unique demands and techniques of traders.

20% Deposit Bonus

The promotion provides a 20% credit bonus, aiming to increase participants' trading strength. Traders can withdraw earnings at any moment and receive an additional 20% credit incentive on subsequent deposits. To receive this benefit, new customers must first create an account, and existing customers must activate the promotion when they opt in. The bonus is applied immediately upon account funding, providing traders with more funds to increase their trading operations.

50% Deposit Bonus

The 50% Deposit Bonus offers traders an incredible opportunity to considerably raise their trading money. This promotion allows traders to improve their trading power by up to 1.5 times, with the added advantage of being able to withdraw winnings at any moment.

In addition to the first 50% incentive, traders can qualify for a 20% credit bonus on any subsequent deposits. Similar to the 20% deposit bonus, this bonus is activated upon account registration for new clients or opting in for existing customers, resulting in a significant boost in trading capital.

Trading Competition

Although the details of the trading competition were unknown at the time of the review, Ultima Markets has previously hosted fascinating trading competitions. These tournaments often allow traders to maximize their trading capabilities and earn big prizes. In such competitions, traders frequently compete against one another based on their trading performance, with the top performers earning awards.

Partnerships

Ultima Markets' partnerships emphasize relationship building and collaboration. These initiatives are intended to provide mutually advantageous possibilities for individuals and organizations seeking to increase their presence in the FX market. Ultima Markets' major partnership programs are the IB (Introducing Broker) Programs and the CPA (Cost Per Acquisition) Affiliate Program.

IB Programs

Ultima Markets' Introducing Broker (IB) Program is designed for individuals or businesses seeking to refer new clients to the broker. This program is ideal for partners that have a network of potential traders and want to earn a commission on their recommendations.

Ultima Markets IB and Affiliate Program Infographic on Finance Magnates Directory

Ultima Markets offers IB partners a variety of tools and resources, including marketing materials, real-time reporting, and personal assistance. The commission structure of the IB Program is typically dependent on the trading activity of recommended clients, allowing active partners to make money on a consistent basis.

CPA Affiliate Program

The CPA Affiliate Program is another important aspect of Ultima Markets' cooperation offers. This program is intended for affiliates who prefer a clear compensation scheme in which they receive a set amount for each new client they refer who meets specified criteria, such as minimum deposit and trading volume.

The CPA Affiliate Program is perfect for those with marketing experience and access to a larger audience, such as via websites, blogs, or social media outlets. Affiliates in this program receive reasonable compensation rates, timely payouts, and substantial support from the Ultima Markets affiliate staff.

Conclusion

Ultima Markets appears as a versatile forex and CFD broker with strong regulatory compliance, a choice of trading platforms, and a diverse portfolio of assets. The broker meets a variety of trading demands through tools, instructional resources, and incentives such as deposit bonuses and trading tournaments.

Its cooperation initiatives create additional chances for collaboration and growth. While Ultima Markets provides a complete trading environment, traders should consider their own needs and objectives in relation to Ultima Markets' services before making trading decisions.

FAQs

What types of trading instruments does Ultima Markets offer?

Ultima Markets provides a comprehensive choice of trading instruments, such as FX pairings, metals, commodities, indices, CFDs, and stocks. This variety appeals to a wide range of trading preferences and techniques.

Is Ultima Markets regulated, and if so, by which authorities?

Yes, Ultima Markets follows a multi-jurisdictional regulatory framework. It is regulated by the Financial Services Commission (FSC) of Mauritius (License No. GB 23201593), the Cyprus Securities and Exchange Commission (CySEC) for EU clients (License No. 426/23), and the Australian Securities & Investments Commission (ASIC) under the representative number 001305972.

What are the deposit and withdrawal options at Ultima Markets?

Ultima Markets provides a variety of deposit and withdrawal options, including major credit and debit cards, e-wallets, and cryptocurrencies. The platform accepts several currencies for deposits and withdrawals, giving international traders greater freedom.

What trading platforms does Ultima Markets provide?

Ultima Markets offers multiple trading platforms, such as MetaTrader 4 (MT4), the Ultima Markets App, and WebTrader. These platforms cater to various trading requirements and provide a variety of tools and features.

Does Ultima Markets offer any educational or analytical resources?

Yes, Ultima Markets offers a variety of instructional and analytical tools, including market forecasts, expert analysis, an economic calendar, trading calculators, and extensive contract specifications.

Are there any promotions available for Ultima Markets clients?

Ultima Markets routinely runs promotions, including deposit bonuses and trading tournaments. The particular features and availability of these discounts often change, so it is best to check the broker's website for the most recent offerings.

Does Ultima Markets have a demo account option?

Yes, Ultima Markets provides a free demo account where traders may practice and improve their trading skills without risking real money.

What are the partnership programs available at Ultima Markets?

Ultima Markets provides partnership programs, including an Introducing Broker (IB) Program and a CPA Affiliate Program, which allow for collaboration and earning possibilities through referrals and promotion.

What is the minimum deposit required to open an account with Ultima Markets?

The minimum deposit at Ultima Markets is normally $50 of the account currency.

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  • UM Social | Social Trading | Expert Tips & Strategies!

    UM Social | Social Trading | Expert Tips & Strategies!
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