Ultima

Ultima Markets is a forex and CFD broker established in July 2021 and headquartered in the United Kingdom. The company operates under the legal name Ultima Markets (Mauritius) Ltd, with its registered office at 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius. Despite its UK base, the broker's regulatory footprint includes licenses from the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Sector Conduct Authority (FSCA) in South Africa.

The broker positions itself as a global trading provider, offering access to a wide range of financial instruments through a Straight Through Processing (STP) execution model. With a focus on low spreads, high leverage, and multiple account types, Ultima Markets aims to cater to both retail and professional traders. The company also emphasizes its customer support and trading tools as part of its service offering.

Ultima Markets holds two regulatory licenses, which are listed on its file. The first is an FCA Forex Execution License (STP) in the United Kingdom, with the status 'Regulated'. The second is an FSCA Derivatives Trading License (EP) in South Africa, also marked as 'Regulated'. These licenses indicate that the broker is authorized to offer trading services in these jurisdictions, subject to their respective regulatory frameworks.

It is important to note that the company description provided by Ultima Markets mentions licenses from CySEC and ASIC, but these are not listed in the regulatory data on file. Traders should verify the exact legal entities and licenses applicable to their region before opening an account.

Ultima Markets offers four main account types, each with a minimum deposit of $20 and maximum leverage of up to 1:2000. The ECN CENT and STANDARD CENT accounts are designed for smaller trades, offering over 60 currency pairs and gold. The ECN CENT account has spreads from 0.0 pips with a commission of $5 per lot (USC), while the STANDARD CENT account has spreads from 1.0 pip with no commission.

The ECN and STANDARD accounts provide access to over 250 currency pairs, indices, commodities, and share CFDs. The ECN account features spreads from 0.0 pips with a commission of $5 per lot, while the STANDARD account has spreads from 1.0 pip with no commission. These account tiers allow traders to choose between raw interbank pricing with a commission or a commission-free model with slightly wider spreads.

The broker offers a diverse range of tradable instruments, including more than 250 currency pairs, indices, commodities, and share CFDs. This broad selection enables traders to diversify their portfolios and take advantage of various market conditions. The availability of gold and multiple currency pairs is particularly highlighted in the account specifications.

Traders can access these instruments through the broker's STP model, which aims to provide direct market access and transparent pricing. The broker also mentions low spreads and commissions as key benefits, although actual spreads and fees may vary depending on market conditions and account type.

Ultima Markets supports deposits and withdrawals via Mastercard, Visa, and Bitcoin. This range of funding methods caters to traders who prefer traditional card payments as well as those who favor cryptocurrency transactions. The minimum deposit for all account types is set at $20, making the broker accessible to traders with smaller capital.

Withdrawal methods mirror the deposit options, allowing for convenience and flexibility. The broker does not disclose specific processing times or fees for deposits and withdrawals in the provided data, so traders should check the broker's website or contact support for detailed information.

Ultima Markets appears to target a broad audience, from novice traders to experienced professionals, given its low minimum deposit and high leverage options. The CENT accounts are particularly suited for those who wish to trade smaller volumes, while the ECN accounts appeal to traders seeking tight spreads and are willing to pay a commission.

The broker's high leverage of up to 1:2000 may attract short-term and high-frequency traders, but it also carries significant risk. Traders should carefully consider their risk tolerance and trading experience before using such leverage. The broker's global presence and multi-asset offering make it a potential choice for traders looking for a one-stop trading platform.