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Ultima Markets Forex Broker provides real users with 9 positive reviews, 2 neutral reviews and 5 exposure review!

Ultima Markets Broker Review

5.55

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Risk Control

Risk Manage

Ultima Markets Review 16

Latest All(16) Positive(9) Neutral(2) Exposure(5)
Exposure
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
Exposure
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
Exposure
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
Positive
Ultima Markets: Tailored Trading Experience with Diverse Instruments for All Levels

Ultima Markets is amazing! They offer a diverse selection of market instruments to trade, and their account types cater to traders of all experience levels. The flexibility and choice make it easy to find the right fit for my trading needs. Highly satisfied!

Wenner
2024-07-11
Positive
Outstanding Assistance from Ultima Markets' Representatives Georgi and Stanislav

I have just opened a new account and was a little unsure how to complete all the necessary documentation. I rang Ultima Markets yesterday and today and spoke with two representatives Georgi and Stanislav. All I can say is that their service was first class and i am greatly appreciative of the time and help provided by these two chaps.

Augdjh
2024-06-14
Neutral
Profit Threshold Woes: Smooth Trading, Sticky Withdrawals at Ultima Markets

Well, Ultima Markets. The Social Trade platform has been nothing short of a boon for my busy schedule, allowing me to make a pretty penny without breaking a sweat. Thanks for the assist! However, let's get real about those withdrawals. Turning a cold shoulder when I reached a certain profit margin didn't exactly scream 'trustworthy'. Handle with care, folks! 😬

Golden88
2024-04-19
Exposure
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
Positive
Ultima Broker: Trusted for Secure Investments & Educational Growth

Trustworthy broker. Good customer service and very responsive. They provide educational materials and I gain lot of knowledge with Ultima. Best Broker and safe to Invest and Trade.

Amir A
2023-12-06

  

Ultima Markets 2025 Review: Everything You Need to Know

  Ultima Markets has garnered attention in the online trading community, offering a range of financial instruments and services. As of 2025, the overall sentiment towards this broker appears mixed, with some users appreciating its low trading costs and high leverage, while others express concerns about regulatory oversight and customer service. Key features include the availability of a demo account and competitive spreads, but potential clients should be mindful of the differences between its various regional entities.

  Note: It is important to highlight that Ultima Markets operates through different entities across various jurisdictions, which may affect the level of regulatory protection available to traders. This review aims to provide a fair and accurate assessment based on the latest information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  How We Rated the Broker: Our ratings are based on a comprehensive analysis of user experiences, expert reviews, and factual data regarding Ultima Markets.

  

Broker Overview

  Founded in 2016, Ultima Markets is a forex and CFD broker that operates under multiple entities, including Ultima Markets Ltd, regulated by the Financial Services Commission (FSC) in Mauritius and the Cyprus Securities and Exchange Commission (CySEC). The broker primarily utilizes the popular MetaTrader 4 platform, allowing access to a diverse range of assets, including forex, commodities, indices, and shares. However, it is essential to note that the regulatory landscape varies significantly depending on the entity through which clients engage with the broker.

  

Detailed Insights

  Regulated Geographic Areas: Ultima Markets operates in several regions, including Mauritius, Cyprus, and Saint Vincent and the Grenadines. The regulatory oversight varies, with CySEC offering a higher level of protection compared to the FSC in Mauritius, which is considered less stringent.

  Deposit/Withdrawal Currencies/Cryptocurrencies: The broker accepts various currencies for deposits and withdrawals, including USD, EUR, GBP, and cryptocurrencies like Bitcoin and Tether. The minimum deposit requirement is set at $50, making it accessible for new traders.

  Bonuses/Promotions: Ultima Markets offers attractive bonuses, including a 50% deposit bonus and a 20% bonus on subsequent deposits. However, the terms associated with these bonuses may require careful consideration, as they often come with specific trading volume conditions that must be met before withdrawals can be made.

  Tradable Asset Classes: The broker provides access to over 250 trading instruments, including forex pairs, commodities, indices, and shares. However, some reviews point out that the range of available assets is limited compared to other brokers, which could restrict traders looking for diverse investment options.

  Costs (Spreads, Fees, Commissions): Ultima Markets advertises competitive trading costs, with spreads starting from 1 pip on standard accounts and 0 pips on ECN accounts, accompanied by commissions of $5 and $3 per lot for ECN and Pro ECN accounts, respectively. However, some users have reported hidden fees, which raises concerns about transparency.

  Leverage: The broker offers leverage of up to 1:2000, which is appealing for experienced traders looking to maximize their potential returns. However, this high leverage also comes with increased risk, making it crucial for traders to implement effective risk management strategies.

  Allowed Trading Platforms: Ultima Markets primarily supports the MetaTrader 4 platform, which is widely recognized for its robust trading features. The broker also offers a mobile app and a web-based trading platform for added convenience.

  Restricted Regions: Certain countries, including the United States and several others, are restricted from accessing Ultima Markets' services. This limitation is essential for potential clients to consider when evaluating their eligibility to trade.

  Available Customer Support Languages: Customer support is available in multiple languages, including English and Chinese, but some users have reported delays in response times, particularly during peak hours.

  

Ratings Summary

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 6
Customer Service and Support 5
Trading Setup (Experience) 6
Trustworthiness 4
User Experience 5

  

Detailed Breakdown

  •   Account Conditions: Ultima Markets offers a variety of account types, including standard, ECN, and Pro ECN accounts. The minimum deposit is low, starting at $50, but higher deposits are required for more favorable trading conditions. While the trading conditions are generally competitive, the lack of transparency regarding fees has been a concern among users.

  •   Tools and Resources: The broker provides a basic set of tools, including an economic calendar and trading calculators. However, educational resources are limited, which may not adequately support novice traders looking for comprehensive learning materials.

  •   Customer Service and Support: Customer support is available 24/5 through live chat, email, and phone. However, users have reported mixed experiences, with some citing delays and inadequate responses from support staff.

  •   Trading Setup (Experience): The trading experience on Ultima Markets is generally smooth, thanks to the MetaTrader 4 platform. However, the absence of MetaTrader 5 and advanced trading tools may deter some traders seeking a more feature-rich environment.

  •   Trustworthiness: The regulatory status of Ultima Markets is a significant concern. While it is regulated by CySEC, the offshore entities in Saint Vincent and the Grenadines and Mauritius raise questions about the level of investor protection available. User reviews indicate a lack of trust in the broker, particularly regarding withdrawal issues.

  •   User Experience: Overall, user experiences with Ultima Markets are mixed. While some appreciate the low trading costs and high leverage, others express dissatisfaction with customer service and transparency regarding fees.

  •   In conclusion, Ultima Markets presents a mixed bag for potential traders. While it offers competitive trading conditions and a user-friendly platform, concerns about regulatory oversight and customer service may lead some to seek alternatives. Traders should carefully consider their individual needs and risk tolerance before engaging with this broker.