What is Ultima Markets Broker?

Ultima Markets positions itself as a broker built around transparent execution and competitive trading costs. Its three-tier regulatory structure — combining Tier-1 ASIC and EU-standard CySEC licenses with the flexible FSA Seychelles entity — allows the broker to serve a diverse international client base with different leverage requirements and account preferences.

The broker's product range covers forex currency pairs, precious metals, energies, equity indices, individual stocks, and cryptocurrencies — over 250 instruments in total. All trading is available through MetaTrader 4, MetaTrader 5, a browser-based WebTrader, and a dedicated mobile application, giving traders access across every major device type.

Ultima Markets has built its reputation particularly among Asian traders, with strong local payment method support for countries including Indonesia, Thailand, Malaysia, and Vietnam. The broker's multilingual customer support team covers more than 20 languages, a meaningful practical advantage for traders operating outside English-speaking markets.

For this 2026 Ultima Markets review, the FX Review Center team tested the broker using live Standard and ECN accounts. We measured spreads during London and Asia session peak hours across multiple trading days, tested the full deposit and withdrawal cycle, evaluated platform execution, and submitted support inquiries via live chat and email to assess response quality.

Is Ultima Markets Safe, Legit, or a Scam?

Ultima Markets is a legitimate broker that segregates client funds in accounts separate from the broker's operational capital at regulated banking institutions. ASIC-regulated clients benefit from Australian client money protection rules, and CySEC-regulated EU clients are covered by the Investor Compensation Fund (ICF) for up to €20,000 per eligible client.

The broker operates with transparent trading conditions, publishing average spread data and execution statistics on its website. No dealing desk intervention occurs on ECN accounts — orders are routed directly to liquidity providers with no manual override.

Common indicators of scam brokers — unregulated operation, withdrawal refusals, manipulated pricing, unrealistic return promises — are absent in Ultima Markets' operation. Our withdrawal tests were processed as stated and funds were received within the stated timeframes.

Ultima Markets Regulation and Licenses

Ultima Markets operates through three regulated entities, each serving clients in specific geographic regions under appropriate local regulatory oversight. This structure allows the broker to offer different leverage tiers and account conditions based on the regulatory framework applicable to each client's jurisdiction.

International clients (particularly from Southeast Asia, Africa, and the Middle East) are primarily served by the FSA Seychelles entity, which permits leverage up to 1:2000 and provides the most flexible trading conditions. Australian clients under ASIC and EU clients under CySEC are subject to regulatory leverage restrictions of 1:30 on major forex pairs.

Ultima Markets Trading Account Types

Ultima Markets offers three account types, each optimized for a different trading profile. All accounts use STP or ECN execution with no dealing desk, and all are compatible with MT4, MT5, WebTrader, and the Ultima Markets mobile app.

Standard Account – Features, Spreads & Fees

The Standard account is Ultima Markets' most accessible offering, requiring just a $20 minimum deposit with commission-free spread-only pricing. Spreads start from 0.9 pips on EUR/USD, with all costs embedded in the spread. This makes cost tracking simple and straightforward — one number covers the entire transaction cost. The Standard account uses STP execution with no dealing desk, giving traders direct access to liquidity without manual intervention. It is the recommended entry point for casual traders, position traders, and those new to Ultima Markets' trading environment.

ECN Account – Raw Spread & Commission

The ECN account provides direct access to Ultima Markets' institutional liquidity pool with raw spreads from 0.0 pips on major forex pairs. A commission of $3.5 per lot per side ($7 round-turn per standard lot) applies. At $50 minimum deposit, this account is accessible to most active retail traders. Our live account testing confirmed EUR/USD spreads of 0.0–0.2 pips during London session peak hours. The all-in cost (spread + commission) of approximately 0.7–0.9 pip equivalent on EUR/USD is competitive with the best ECN brokers in the market. This account is ideal for scalpers, algorithmic traders, and high-frequency strategies.

Pro Account – Professional Trading Conditions

The Pro account targets high-volume traders and professionals who require institutional-grade execution with the lowest possible commission rates. With commissions from $2 per lot per side and ECN direct routing, the all-in cost drops to approximately 0.4–0.5 pip equivalent on EUR/USD during peak hours. The $500 minimum deposit and higher capital requirements position this account for serious traders who generate meaningful monthly volume. Pro account holders receive priority customer support and access to enhanced account management tools.

Spreads, Fees, and Real Trading Costs

Ultima Markets uses a two-tier cost model. The Standard account embeds all costs in the spread with no commission, while ECN and Pro accounts offer near-zero raw spreads with a per-lot commission. Below are our measured average spreads during London session peak hours (08:00–12:00 GMT) on live accounts.

Ultima Markets charges Không tính phí on deposits or withdrawals. There are no inactivity fees on standard retail accounts. Overnight swap charges apply to positions held beyond the daily rollover on non-Islamic accounts. Islamic swap-free accounts are available on request for eligible clients.

Leverage and Margin Requirements Explained

Ultima Markets offers leverage up to 1:2000 on forex pairs for clients under the FSA Seychelles entity — one of the highest ratios available from any multi-regulated broker. Leverage varies by instrument and is applied dynamically based on account equity.

Trading Platforms and Tools (MT4, MT5 & Mobile App)

Ultima Markets provides a full platform ecosystem covering all major trading environments. All platforms connect to the same pricing feed and liquidity infrastructure.

MetaTrader 4 (MT4)

Ultima Markets fully supports MetaTrader 4 with the complete feature set: Expert Advisors for automated trading, custom technical indicators, multi-chart workspace management, and one-click execution. Available for Windows desktop and mobile (iOS/Android). MT4 remains the industry standard for algorithmic trading and is compatible with virtually all EAs and custom indicators available in the MQL4 marketplace. Ultima Markets maintains dedicated MT4 server infrastructure optimized for Asian market session latency.

MetaTrader 5 (MT5)

MT5 extends the trading environment with 21 timeframes, additional pending order types, a built-in economic calendar, integrated news feed, and depth of market data. Ultima Markets' MT5 implementation supports the full MQL5 ecosystem and is the preferred platform for traders who want access to a wider instrument range including individual stocks. MT5 is available for Windows desktop and mobile devices.

Ultima Markets WebTrader

The browser-based WebTrader allows trading from any device without software installation. Compatible with all modern browsers on Windows, macOS, and Linux, it provides full charting, technical indicator support, order management, and account monitoring. Particularly useful for traders who use multiple devices or cannot install desktop software.

Ultima Markets Mobile App

The dedicated Ultima Markets mobile application (iOS App Store and Google Play) provides integrated account management, fund deposits and withdrawals, real-time price alerts, economic calendar, and push notifications for market events. The app is well-optimized for mobile-first trading workflows and receives consistently positive user reviews for its clean interface and reliable performance.

Execution Quality

Ultima Markets operates on an STP/ECN hybrid execution model with no dealing desk. Average order execution speeds are published at under 80 milliseconds, with co-located servers at major financial data centers in Europe and Asia. Our live account testing confirmed consistently fast fills with minimal slippage during normal market conditions. No requotes were observed during our standard testing period.

Phương thức nạp tiền và rút tiền

Ultima Markets supports a comprehensive range of payment methods with strong coverage of local payment systems across Southeast Asia. All deposits and withdrawals are processed with zero fees charged by the broker.

Minimum deposit is $20 for Standard accounts and $50 for ECN accounts. Pro accounts require a $500 minimum. Bank wire transfers may have a higher practical minimum depending on the sending institution. Ultima Markets supports multiple base account currencies including USD, EUR, GBP, and select local currencies.

Ultima Markets Withdrawal Time – How Fast Is It?

Ultima Markets processes the majority of withdrawal requests within 24 hours on business days. Our live account withdrawal testing produced the following results:

Cryptocurrency withdrawals via USDT TRC20 are the fastest option, with blockchain confirmation typically completing within 30–60 minutes. E-wallet withdrawals (Skrill, Neteller) are processed same-day in most cases. Account KYC verification must be completed before the first withdrawal — once verified, subsequent withdrawals proceed smoothly.

Pros and Cons of Ultima Markets

Ultima Markets vs Other Forex Brokers

Here is how Ultima Markets compares to four established brokers on the metrics that matter most to retail traders.

* ECN accounts with per-lot commission.

Ultima Markets competes strongly on the combination of ASIC + CySEC regulation, competitive ECN pricing, and low $20 entry requirement. Exness leads on withdrawal speed (instant vs. 24 hours). JustMarkets offers higher maximum leverage (1:3000 vs. 1:2000). IC Markets and Ultima Markets are comparable on ECN pricing. For traders who want Tier-1 regulatory dual coverage (ASIC + CySEC), competitive ECN spreads, and solid regional payment support, Ultima Markets is a strong choice.

Is Ultima Markets Good for Beginners?

Ultima Markets is a suitable choice for beginners who want a regulated, professionally structured broker without the high minimum deposits typically associated with multi-regulated brokers. The $20 Standard account entry is one of the lowest available from any ASIC-regulated broker — a genuine advantage for traders who want Tier-1 regulatory protection without committing large capital upfront.

The availability of free unlimited demo accounts allows complete beginners to practice strategy development in a simulated live market environment before committing real money. Demo accounts at Ultima Markets replicate live spreads and execution conditions accurately, making them an effective preparation tool.

The broker's primary limitation for beginners is educational content — Ultima Markets' in-house education resources are less developed than dedicated education-first brokers like XM. Beginners who rely on broker-provided structured courses and live webinars may find the educational offering limited. However, for self-directed beginners who learn independently, Ultima Markets provides all the platform tools and analytical resources needed.

Who is Ultima Markets Best For?

• Regulation-focused traders — ASIC + CySEC dual Tier-1 coverage
• Low-capital traders — $20 minimum entry under ASIC regulation
• ECN scalpers — 0.0 pip spreads with fast STP/ECN execution
• Southeast Asian traders — extensive local payment support
• thương nhân Hồi giáo — swap-free accounts available on request
• Crypto-first traders — USDT TRC20 and BTC supported

Câu hỏi thường gặp (FAQ)

Final Verdict – Should You Trade with Ultima Markets?

The broker's ASIC + CySEC regulatory framework provides meaningful investor protection that significantly exceeds what offshore-only brokers can offer. Combined with EU ICF protection for CySEC clients and Australian client money rules for ASIC clients, Ultima Markets sits comfortably in the safety tier alongside Exness and IC Markets.

Where Ultima Markets could improve is in educational content and withdrawal speed — Exness's instant withdrawal processing remains the industry benchmark. However, for traders who prioritize regulatory safety, competitive ECN costs, and strong regional payment coverage, Ultima Markets is an excellent and trustworthy broker choice in 2026.