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ULTIMA CAPITAL foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://member.ultimafxcapital.com/register, about the company's legal and temporary regulatory information, the company's address 71-75 Shelton St, London WC2H 9JQ, United Kingdom.

ULTIMA CAPITAL Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
UltimaCapital Fx Limited
Abbreviation
ULTIMA CAPITAL
Company employee
--
Customer Service Email Address
info@ultimacapitalfx.com
Contact Number
+381629432879
Company address
71-75 Shelton St, London WC2H 9JQ, United Kingdom
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Rating Index

PMS

Minimum Deposit
$300-$1000

ECN

Minimum Deposit
$5000
How to login to ULTIMA CAPITAL?
Ultima Capital Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially when it comes to setting up your account on platforms like Ultima Capital. This comprehensive guide will walk you through the processes of regi

  

Ultima Capital Forex Broker - Complete Information Guide

  

1. Broker Overview

  Ultima Capital, also known as Ultima Capital FX, is an offshore brokerage firm that claims to provide a wide range of trading services. Established in 2020, the company operates primarily from an alleged registered address in the United Kingdom, although this claim has been questioned due to the lack of regulatory oversight. The firm is privately held and does not appear to be listed on any stock exchange.

  The primary market served by Ultima Capital includes retail forex traders, with a focus on providing access to various trading instruments. The company's offerings encompass forex, commodities, stocks, and cryptocurrencies, targeting individual traders seeking to engage in speculative trading activities. However, there are significant concerns regarding the legitimacy and safety of the broker, as it operates without proper regulatory oversight.

  Over the years, Ultima Capital has made several claims about its services, including high leverage options and low spreads. However, the lack of transparency and verifiable information raises red flags about its operations. The broker operates under a business model that appears to focus on attracting clients through enticing trading conditions, but the absence of regulatory backing leaves potential investors vulnerable.

  In summary, while Ultima Capital presents itself as a comprehensive trading platform, the lack of regulation and transparency significantly undermines its credibility as a reliable forex broker.

  

2. Regulation and Compliance Information

  Ultima Capital operates without any valid regulatory oversight, which is a significant concern for potential clients. The broker does not provide any information regarding its regulatory status, and there are no licenses issued by recognized financial authorities. This lack of regulation means that clients do not have the protection typically afforded by regulated brokers.

  The claimed registered address in the UK suggests that the broker might be attempting to imply compliance with the Financial Conduct Authority (FCA), but this is misleading as the FCA does not recognize Ultima Capital as a licensed entity. Furthermore, the broker's operations are incompatible with the FCA's regulatory framework, which limits leverage for retail traders to a maximum of 1:30.

  Additionally, Ultima Capital does not disclose any information regarding customer fund segregation or participation in investor compensation schemes. This lack of transparency raises concerns about the safety of client funds, as unregulated brokers often have no obligation to protect clients' investments.

  The company has not provided any information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for ensuring the legitimacy of trading activities and protecting against fraud.

  In conclusion, the absence of regulatory oversight and compliance measures makes Ultima Capital a risky choice for traders looking for a secure trading environment.

  

3. Trading Products and Services

  Ultima Capital offers a variety of trading products, primarily focusing on forex trading. The broker claims to provide access to numerous currency pairs, including major, minor, and exotic pairs. However, the exact number of forex pairs available for trading has not been clearly disclosed.

  In addition to forex, Ultima Capital claims to offer Contracts for Difference (CFDs) on various asset classes, including:

  • Indices: While the broker mentions indices, specific details about the available indices are not provided.
  • Commodities: The broker provides access to trading commodities, but the specific commodities offered are not specified.
  • Stocks: Ultima Capital allows trading in stocks, though the list of available stocks is unclear.
  • Cryptocurrencies: The broker includes cryptocurrencies in its offerings, providing access to popular assets like Bitcoin and Ethereum.

  The frequency of product updates and the introduction of new trading instruments remain vague, with no clear communication from the broker regarding the addition of new products. Retail trading services are the primary focus, with no mention of institutional client services or white-label solutions.

  Overall, while Ultima Capital claims to offer a diverse range of trading products, the lack of transparency regarding specific instruments and their availability raises concerns about the broker's reliability and the actual trading conditions provided.

  

4. Trading Platforms and Technology

  Ultima Capital primarily utilizes MetaTrader 5 (MT5) as its trading platform, which is widely recognized in the forex trading community for its advanced features and capabilities. However, there have been reports of technical issues with this platform, leading to difficulties in installation and use, which can hinder traders' experiences.

  The broker does not appear to offer a proprietary trading platform, relying solely on MT5 for its trading services. The availability of a web-based trading platform is also unclear, which may limit access for traders who prefer not to download software.

  Mobile trading options are mentioned, but details regarding the availability of mobile applications for iOS and Android are not explicitly provided. This lack of information can be a disadvantage for traders who prioritize mobile access to their trading accounts.

  In terms of execution modes, Ultima Capital claims to offer a market-making model, but there is no clear information on whether it also provides ECN or STP execution options. The broker's server locations and technological infrastructure details are not disclosed, raising further questions about the reliability of trade execution.

  Moreover, there is no mention of API access or support for automated trading, which are important features for many traders looking to implement algorithmic strategies.

  In summary, while Ultima Capital offers a popular trading platform in MT5, the lack of comprehensive information about its technology and execution methods may deter potential clients.

  

5. Account Types and Trading Conditions

  Ultima Capital provides several account types, each with varying trading conditions. The standard account conditions include:

  • Minimum Deposit: The minimum deposit requirement is set at $100, which is relatively standard in the industry.
  • Spreads: The broker claims to offer spreads as low as 0.2 pips, but it is unclear whether this is applicable across all trading instruments or if additional commissions may apply.
  • Commission Structure: Specific details about commission charges are not provided, which can lead to confusion about the true cost of trading with Ultima Capital.

  In addition to standard accounts, Ultima Capital may offer advanced account types, such as VIP or professional accounts, but details are scarce. There is no mention of special account types, such as Islamic accounts or corporate accounts, which could limit options for certain traders.

  The broker offers a simulated trading account, allowing potential clients to practice trading strategies without risking real funds. However, details regarding the features and limitations of the demo account are not clearly outlined.

  Leverage options are notably high, with claims of leverage up to 1:500. This figure significantly exceeds the limits set by many regulatory bodies, which typically cap leverage for retail traders at much lower levels to protect them from excessive risk.

  Minimum trade sizes are not explicitly stated, leaving traders unsure of the smallest position they can take. Additionally, information regarding overnight fees, also known as swap fees, is not provided, which is crucial for traders who hold positions overnight.

  Overall, while Ultima Capital offers several account types, the lack of clarity regarding trading conditions and costs may pose challenges for potential clients.

  

6. Fund Management

  Ultima Capital supports various deposit methods, primarily focusing on cryptocurrency transactions. The accepted deposit methods include:

  • Bank Transfers: Traditional bank transfers are typically accepted.
  • Credit/Debit Cards: The broker may allow deposits via credit or debit cards.
  • E-Wallets: Specific electronic wallets are not detailed, but options like Bitcoin and Ethereum are mentioned.

  The minimum deposit requirement varies by account type, with a standard account requiring a minimum of $100. The processing time for deposits is generally quick, but specific timeframes are not provided.

  Deposit fees are not explicitly stated, which can lead to unexpected costs for traders. The withdrawal methods available are also unclear, with no specific details on restrictions or processing times. This lack of transparency can be a significant drawback for clients looking to manage their funds effectively.

  Withdrawal processing times are not disclosed, adding to the uncertainty about how quickly clients can access their funds. Additionally, the fee structure for withdrawals is not provided, which can deter potential clients who prefer clear and upfront information regarding costs.

  In summary, while Ultima Capital offers several funding options, the lack of clarity regarding fees, processing times, and withdrawal methods may hinder traders' confidence in managing their funds.

  

7. Customer Support and Educational Resources

  Ultima Capital provides several support channels for its clients, including:

  • Phone Support: Clients can reach out via telephone, although specific numbers are not listed.
  • Email Support: The broker offers email support, but response times and effectiveness are not detailed.
  • Live Chat: A live chat option is available on the website, though its responsiveness is uncertain.
  • Social Media: There is no specific mention of social media support, which may limit communication options for clients.

  The service hours and time zone coverage are not clearly defined, which can be a disadvantage for clients in different regions. Additionally, the availability of multilingual support is not specified, potentially limiting assistance for non-English speaking clients.

  Ultima Capital claims to offer educational resources, including webinars, tutorials, and eBooks, but specific details about the types and frequency of these resources are not provided. Furthermore, the availability of market analysis services, such as daily reports and news updates, is not mentioned, which could be crucial for traders seeking to stay informed.

  Various trading tools, such as calculators and calendars, are typically offered by brokers, but there is no specific information regarding these tools on Ultima Capital's platform.

  In conclusion, while Ultima Capital provides some customer support options and educational resources, the lack of detailed information may leave potential clients wanting more comprehensive assistance and guidance.

  

8. Regional Coverage and Restrictions

  Ultima Capital claims to serve a global market, but specific details about its primary service markets are not disclosed. The broker's alleged offices in the UK, India, and Dubai suggest a focus on various regions, but the actual operational capabilities in these areas remain unclear.

  The broker does not provide any information regarding its regional offices or the extent of its operations in different countries. Furthermore, it is important to note that Ultima Capital may not accept clients from certain countries, particularly those with stringent regulatory requirements.

  Specific countries or regions where Ultima Capital does not accept clients are not explicitly listed, which can pose challenges for potential investors seeking clarity on their eligibility to trade.

  In summary, while Ultima Capital aims to operate in multiple regions, the lack of clear information regarding its operational capabilities and client restrictions may hinder potential clients from making informed decisions.

  In conclusion, while Ultima Capital presents itself as a comprehensive trading platform, the numerous red flags surrounding its regulatory status, trading conditions, and overall transparency raise significant concerns for potential traders. As such, individuals considering engaging with this broker should proceed with caution and consider the risks involved.

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Latest Reviews

@^_^

@^_^

Singapore

I was a bit hesitant to try out Ultima Capital since they're a newer broker, but I'm glad I did. Their customer service team is always quick to respond and they've helped me out with a few issues I've had. My only complaint is that they don't offer many educational resources for new traders, so if you're a beginner you might want to look elsewhere. But if you already know what you're doing, Ultima Capital is definitely worth checking out.

Positive

2023-04-23

玖久九

玖久九

Singapore

I would like to express my gratitude to ULTIMA CAPITAL's customer service team, especially Aubrey, for their exceptional support. She was reliable and responsive to my inquiries, and helped me resolve an issue I was having with my account. I appreciate her assistance and would recommend ULTIMA CAPITAL to other traders.

37130

2023-03-20

ULTIMA CAPITAL Forex Broker has an overall rating of 1.42, Regulatory Index 0.00, License Index 0.00, Business Index 6.34, Software Index 4.00 Risk Control Index 0.00.
ULTIMA CAPITAL