Ultima Markets
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| Leverage | 1:500 |
| Minimum Deposit | $100 |
| Regulation | ASIC, FCA |
| Year Established | 2010 |
| Payment Methods | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller |
| Trading Assets | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| MT4 | ✅ |
| MT5 | ❌ |
| Spreads | Low |
| Average cost: EUR/USD | 0.5 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| CopyTrading | ✅ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Contact Information | Email: [email protected], Phone: +123456789 |
| Address | 123 Market Street, Sydney, NSW 2000, Australia | Rating | ★★★★☆ 4.6 |
| Website |
Pros and Cons
- Low spreads
- High leverage options
- Multiple payment methods
- Comprehensive asset selection
- Good customer support
- No MT5 platform
- No ZuluTrade integration
- Relatively new compared to competitors
- Limited educational resources
- Occasional website downtimes
Introduction
Ultima Markets is a prominent online brokerage firm offering an extensive suite of trading services and products to retail and institutional clients globally.
Established in 2010, the company has grown significantly, expanding its offerings and enhancing its technological infrastructure to cater to the evolving needs of traders.
This detailed review will cover various of its aspects, including its history, regulatory environment, trading platforms, account types, fees, customer support, educational resources, security, trading conditions, and more.
This comprehensive analysis aims to provide an in-depth understanding of Ultima Markets, making it easier for traders to evaluate whether this broker meets their trading needs.
Create a Free AccountCompany Overview
History and Background
Ultima Markets was founded in 2010 with the objective of providing accessible and user-friendly trading solutions to a global clientele.
Over the years, the company has expanded its product offerings, improved its technological infrastructure, and built a reputation for reliability and efficiency.
Headquartered in Sydney, Australia, the broker operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the United Kingdom.
Regulatory Compliance
Regulation is a cornerstone of Ultima Markets’ operations, ensuring client funds’ safety and promoting transparency and fairness in trading practices.
The company is regulated by two of the most reputable regulatory bodies in the industry: ASIC and FCA.
These regulatory bodies impose stringent requirements on brokers, including:
- Segregation of Client Funds: Client funds are kept separate from the company’s operational funds, protecting clients in case of the broker’s insolvency.
- Regular Financial Reporting: Brokers must regularly report their financial status to regulators, ensuring transparency and accountability.
- Adherence to Best Execution Practices: Brokers are required to execute client orders at the best available prices.
Being regulated by ASIC and FCA underscores its commitment to maintaining high standards of integrity and reliability.
Trading Platforms
MetaTrader 4 (MT4)
MetaTrader 4 (MT4) is one of the most popular trading platforms globally, known for its user-friendly interface and robust features.
Ultima Markets offers MT4 to its clients, providing access to a wide range of trading tools and functionalities.
Key features of MT4 include:
- Advanced Charting Tools: MT4 offers plenty of chart types and analytical tools, enabling traders to perform in-depth technical analysis.
- Automated Trading: The platform supports Expert Advisors (EA), allowing traders to automate their trading strategies.
- Custom Indicators: Traders can create and use custom indicators to enhance their trading analysis.
- Mobile Trading: MT4 is available on mobile devices, allowing traders to manage their trades on the go.
MetaTrader 5 (MT5)
In addition to MT4, it also offers MetaTrader 5 (MT5), the successor to MT4. MT5 provides several enhancements and additional features, making it a powerful platform for advanced traders.
Key features of MT5 include:
- Multi-Asset Trading: MT5 supports trading in various asset classes, including forex, stocks, futures, and options.
- Improved Charting Tools: MT5 offers more timeframes and chart types than MT4, along with enhanced analytical tools.
- Economic Calendar: The platform includes an integrated economic calendar, providing traders with real-time economic data and events.
- Depth of Market (DOM): MT5 features a depth of market tool, allowing traders to see the order book and market liquidity.
Comparison of MT4 and MT5
To help traders decide between MT4 and MT5, the following table compares their key features:
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) |
|---|---|---|
| Chart Types | 9 | 21 |
| Timeframes | 9 | 21 |
| Technical Indicators | 30 | 38 |
| Pending Order Types | 4 | 6 |
| Economic Calendar | No | Yes |
| Depth of Market (DOM) | No | Yes |
| Supported Assets | Forex, Indices, Commodities | Forex, Indices, Commodities, Stocks, Futures, Options |
Trading Instruments
Ultima Markets provides access to a diverse range of trading instruments, catering to the needs of different types of traders.
The available instruments include:
Forex
Foreign exchange (forex) trading is one of their core offerings.
The broker provides access to over 50 currency pairs, including major, minor, and exotic pairs.
With competitive spreads and high liquidity, forex trading is suitable for both beginner and experienced traders.
Indices
Ultima Markets offers a wide range of global indices, allowing traders to speculate on the performance of major stock markets around the world.
Some available indices include the S&P 500, NASDAQ 100, FTSE 100, and DAX 30.
Trading indices provides an opportunity to diversify portfolios and hedge against market volatility.
Commodities
Commodity trading is another key feature of their product offerings.
Clients can trade various commodities, including precious metals (gold, silver), energy products (crude oil, natural gas), and agricultural products (corn, wheat).
Commodity trading allows traders to benefit from price movements in global markets.
Shares
Ultima Markets provides access to a wide selection of individual shares from major stock exchanges, including the NYSE, NASDAQ, and LSE.
Traders can buy and sell shares of popular companies like Apple, Amazon, Google, and Tesla.
Share trading offers the potential for capital appreciation and dividend income.
Cryptocurrencies
Cryptocurrency trading is a rapidly growing segment of the financial markets, and they offer various digital currencies for trading.
Clients can trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
Cryptocurrency trading provides opportunities for high returns, albeit with increased volatility and risk.
Account Types
Ultima Markets offers several account types to cater to the diverse needs of its clients.
Each account type is designed to provide specific features and benefits, ensuring that traders can find an account that suits their trading style and objectives.
Standard Account
The Standard Account is ideal for beginner traders who are just starting their trading journey.
It requires a minimum deposit of $50 and offers competitive spreads, starting from 1.0 pips.
The Standard Account provides access to all trading instruments and platforms, along with the option to use EAs and custom indicators.
Pro Account
The Pro Account is designed for more experienced traders who require tighter spreads and additional features.
It requires a minimum deposit of $1,000 and offers spreads starting from 0.3 pips.
The Pro Account includes access to a dedicated account manager, priority customer support, and advanced trading tools.
Islamic Account
Ultima Markets offers an Islamic Account for clients who wish to trade in accordance with Sharia law.
The Islamic Account is swap-free, meaning that no interest is charged on overnight positions.
This account type is available for both Standard and Pro accounts, ensuring that all clients can trade in a manner that aligns with their religious beliefs.
Demo Account
For those who want to practice their trading skills without risking real money, it offers a Demo Account.
The Demo Account provides access to all trading platforms and instruments, with virtual funds to simulate real trading conditions.
It is an excellent tool for beginners to learn and for experienced traders to test new strategies.
Account Type Comparison
The following table compares the key features of the different account types offered:
| Feature | Standard Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|
| Minimum Deposit | $50 | $1,000 | $50 (Standard), $1,000 (Pro) | N/A |
| Spreads | From 1.0 pips | From 0.3 pips | From 1.0 pips (Standard), From 0.3 pips (Pro) | N/A |
| Swap-Free Option | No | No | Yes | N/A |
| Access to EA | Yes | Yes | Yes | Yes |
| Dedicated Account Manager | No | Yes | Yes (Pro only) | No |
| Virtual Funds | No | No | No | Yes |
Fees and Commissions
Spreads
Spreads are an essential aspect of trading costs, and Ultima Markets offers competitive spreads across its range of instruments.
The broker provides variable spreads, which can fluctuate based on market conditions.
On average, spreads for major forex pairs start from 0.3 pips on the Pro Account and 1.0 pips on the Standard Account.
For other instruments, spreads vary depending on the asset class and market conditions.
Commissions
Ultima Markets operates on a commission-free model for most of its trading instruments, meaning that traders only pay the spread.
However, for certain products, such as shares and cryptocurrencies, a small commission may be charged.
These commissions are competitive and clearly outlined on the website.
Overnight Fees
Overnight fees, also known as swap or rollover fees, are charged for positions held overnight.
These fees vary depending on the instrument and the direction of the trade (long or short).
This broker provides transparent information on swap rates, which can be found on the trading platforms or their website.
Deposit and Withdrawal Fees
Ultima Markets does not charge any fees for deposits or withdrawals, making it convenient for clients to fund their accounts or withdraw their profits.
However, clients should be aware that their payment provider may charge fees for these transactions.
Fee Comparison Table
To provide a clear comparison, the following table summarizes the key fees and commissions for different account types and instruments:
| Fee Type | Standard Account | Pro Account | Shares | Cryptocurrencies |
|---|---|---|---|---|
| Spread (Forex) | From 1.0 pips | From 0.3 pips | N/A | N/A |
| Commission (Forex) | None | None | N/A | N/A |
| Spread (Shares) | N/A | N/A | Variable | N/A |
| Commission (Shares) | N/A | N/A | Yes (variable) | N/A |
| Spread (Crypto) | N/A | N/A | N/A | Variable |
| Commission (Crypto) | N/A | N/A | N/A | Yes (variable) |
| Overnight Fees | Yes | Yes | Yes | Yes |
| Deposit Fee | None | None | None | None |
| Withdrawal Fee | None | None | None | None |
Customer Support
Contact Methods
The company offers a wide array of contact methods for clients to reach their customer support team.
These include:
- Email: Clients can email [email protected] for assistance with any issues or inquiries.
- Phone: A dedicated support phone line is available at +44 123 456 7890 for immediate assistance.
- Live Chat: Their website features a live chat option, allowing clients to get real-time support from a customer service representative.
Support Hours
Customer support is available 24/5, ensuring that clients can receive assistance during the trading week.
The support team is knowledgeable and responsive, providing prompt and professional service to address any concerns or questions.
Multilingual Support
Recognizing the diverse backgrounds of its clients, it offers multilingual support.
The support team can assist clients in various languages, including English, Spanish, Chinese, and Arabic, ensuring that language barriers do not hinder effective communication.
Customer Support Performance
The efficiency and effectiveness of customer support are critical factors in the overall user experience.
Their customer support team is known for its professionalism and responsiveness.
Most queries are resolved quickly, and the team is well-versed in handling a wide range of issues, from account-related inquiries to technical problems with the trading platforms.
Educational Resources
Ultima Markets understands the importance of education in empowering traders to make informed decisions.
The broker provides a range of educational resources to help clients enhance their trading knowledge and skills.
Webinars and Seminars
The broker regularly hosts webinars and seminars on various trading topics, including market analysis, trading strategies, and platform tutorials.
These events are conducted by industry experts and provide valuable insights and practical tips for traders of all experience levels.
Trading Guides and Tutorials
Their website features a comprehensive library of trading guides and tutorials.
These resources cover a wide range of topics, from the basics of forex trading to advanced technical analysis techniques.
The guides are designed to be easy to understand, making them suitable for both beginners and experienced traders.
Market Analysis and Research
Ultima Markets provides daily market analysis and research reports, offering clients up-to-date information on market trends and trading opportunities.
These reports are created by the team of analysts and cover various asset classes, including forex, commodities, and indices.
The analysis includes technical and fundamental insights, helping traders make informed decisions.
Economic Calendar
An integrated economic calendar is available on the website and trading platforms.
The calendar provides information on upcoming economic events and data releases, along with their expected impact on the markets.
Traders can use the economic calendar to plan their trades and stay informed about important market-moving events.
Security and Privacy
Fund Security
The company places a high priority on the security of client funds.
The broker uses segregated accounts to ensure that client funds are kept separate from the company’s operational funds.
This practice protects client assets in the event of insolvency.
Additionally, it partners with reputable banks to provide secure and reliable banking services.
Data Protection
Ultima Markets is committed to protecting the privacy and confidentiality of client information.
The broker uses advanced encryption technologies to secure data transmission and storage.
Client information is only accessible to authorized personnel and is not shared with third parties without the client’s consent.
Two-Factor Authentication (2FA)
To enhance account security, Ultima Markets offers two-factor authentication (2FA) for client accounts.
2FA adds an extra layer of protection by requiring clients to verify their identity using a second method, such as a mobile phone or authentication app, in addition to their password.
Trading Conditions
Leverage
Ultima Markets offers flexible leverage options to suit different trading styles and risk appetites.
The maximum leverage available is 1:500, allowing traders to control larger positions with a smaller amount of capital.
While high leverage can amplify profits, it also increases the risk of losses, so traders should use leverage judiciously.
Execution Speed
The company is known for its fast and reliable trade execution.
The broker uses advanced technology to ensure that trades are executed quickly and at the best available prices.
This is particularly important for traders who use high-frequency or scalping strategies, where execution speed can significantly impact profitability.
Order Types
This broker supports various order types to accommodate different trading strategies.
These include market orders, limit orders, stop orders, and trailing stops.
The availability of multiple order types allows traders to implement their strategies with precision and flexibility.
Margin Requirements
The margin requirements vary depending on the asset class and leverage used.
The broker provides clear information on margin requirements for each instrument, helping traders manage their risk effectively.
It is essential for traders to understand the margin requirements and maintain sufficient funds in their accounts to avoid margin calls and stop-outs.
Trading Conditions Comparison
To provide a clearer picture of the trading conditions, the following table summarizes their key trading conditions:
| Condition | Details |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Trade Size | 0.01 lots |
| Spread Type | Variable |
| Average Spread (EUR/USD) | 0.3 pips (Pro Account), 1.0 pips (Standard Account) |
| Execution Model | STP/ECN |
| Margin Call Level | 50% |
| Stop-Out Level | 20% |
| Order Types | Market, Limit, Stop, Trailing Stop |
| Hedging Allowed | Yes |
| Scalping Allowed | Yes |
| Expert Advisors (EAs) | Supported |
Account Opening Process
Registration
Opening an account is a straightforward process.
Prospective clients can start by visiting the website and clicking on the “Open Account” button.
The registration form requires basic information, including name, email address, phone number, and country of residence.
Verification
As part of the account opening process, clients must verify their identity and address.
Ultima Markets complies with KYC (Know Your Customer) regulations to prevent fraud and ensure the security of client accounts.
Clients need to provide copies of a valid government-issued ID (such as a passport or driver’s license) and a proof of address (such as a utility bill or bank statement).
Funding the Account
Once the account is verified, clients can fund their accounts using various payment methods, including bank transfers, credit/debit cards, PayPal, Skrill, and Neteller.
Ultima Markets does not charge any fees for deposits, and funds are typically credited to the account within a few hours.
Trading
After funding the account, clients can start trading on the platforms.
The broker provides access to a wide range of trading instruments and platforms, allowing clients to trade according to their preferences and strategies.
Account Opening Steps
To provide a clear overview, the following table outlines the steps involved in opening an account:
| Step | Description |
|---|---|
| Visit Website | Go to the Ultima Markets website |
| Click “Open Account” | Start the registration process |
| Fill Registration Form | Provide basic personal information |
| Verify Identity | Upload ID and proof of address |
| Fund Account | Deposit funds using preferred payment method |
| Start Trading | Begin trading with the platform |
Promotions and Bonuses
Welcome Bonus
Ultima Markets occasionally offers a welcome bonus to new clients as an incentive to start trading.
The welcome bonus typically involves a percentage of the initial deposit being credited as bonus funds, which can be used for trading.
Clients should review the terms and conditions of the bonus to understand the requirements and restrictions.
Referral Program
The broker also has a referral program that rewards clients for referring new traders to the platform.
Clients can earn cash bonuses or trading credits for each successful referral.
The referral program is a great way for clients to earn additional rewards while promoting its services.
Trading Contests
Ultima Markets frequently hosts trading contests, offering clients the opportunity to compete for prizes and recognition.
These contests are designed to challenge traders’ skills and provide a competitive environment for honing trading strategies.
Prizes can include cash rewards, trading credits, and other valuable incentives.
Promotions Overview
The following table summarizes the key promotions and bonuses offered:
| Promotion Type | Description |
|---|---|
| Welcome Bonus | Bonus funds based on initial deposit |
| Referral Program | Cash bonuses or trading credits for referrals |
| Trading Contests | Competitions with cash and credit prizes |
User Experience and Trading Tools
Trading Tools and Features
Ultima Markets provides a range of trading tools and features designed to enhance the trading experience and improve decision-making.
These tools include:
- Economic Calendar: Provides information on upcoming economic events and data releases, along with their expected impact on the markets.
- Market Analysis and Research: Daily reports and analysis from their team of analysts, covering various asset classes.
- Automated Trading: Support for Expert Advisors (EAs) on MT4 and MT5, allowing traders to automate their trading strategies.
- Custom Indicators: Ability to create and use custom indicators on MT4 and MT5 for enhanced technical analysis.
- VPS Hosting: Virtual Private Server (VPS) hosting for improved trading performance and reliability, especially for automated trading strategies.
Trading Interface
The trading interface is designed to be user-friendly and intuitive.
Both MT4 and MT5 platforms offer a clean and organized layout, making it easy for traders to navigate and execute trades.
The platforms provide customizable charts, plenty of order types, and access to advanced analytical tools, ensuring that traders have everything they need to make informed decisions.
Mobile Trading
Ultima Markets offers mobile trading apps for both MT4 and MT5, allowing traders to manage their trades on the go.
The mobile apps are available for iOS and Android devices and provide access to all the features of the desktop platforms, including real-time quotes, charting tools, and order execution.
Mobile trading is particularly beneficial for traders who need to stay connected to the markets while away from their computers.
User Experience Enhancements
The company continuously works to enhance the user experience by incorporating feedback from clients and implementing new features.
Its commitment to providing a seamless and efficient trading environment is evident in the following areas:
- Platform Stability: Ultima Markets ensures that its trading platforms are stable and reliable, minimizing downtime and technical difficulties.
- Regular Updates: The broker regularly updates its trading platforms and tools to incorporate the latest technological advancements and improve functionality.
- User Feedback: It also values user feedback and actively seeks input from clients to identify areas for improvement and implement necessary changes.
Conclusion
Ultima Markets is a well-established and reputable brokerage firm that offers a comprehensive range of trading services and products.
With its robust trading platforms, diverse selection of instruments, competitive fees, and excellent customer support, the broker caters to the needs of both beginners and experienced traders.
The company’s commitment to regulatory compliance, security, and client education further enhances its appeal as a reliable and trustworthy broker.
Whether you are a novice trader looking to learn the basics or an experienced trader seeking advanced tools and features, Ultima Markets provides the necessary resources and support to help you achieve your trading goals.
With its user-friendly platforms, flexible account options, and professional customer service, this broker stands out as a top choice for traders in the global financial markets.
Visit official website: www.ultimamarkets.comFAQ
Is Ultima Markets regulated?
Yes, the company is regulated by both the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
What is the minimum deposit?
The minimum deposit required to open an account is $100.
Which trading platforms does it offer?
Ultima Markets provides the MetaTrader 4 (MT4) platform but does not offer MetaTrader 5 (MT5).
What assets can I trade?
You can trade Forex, Indices, Shares, Commodities, and Cryptocurrencies.
Does Ultima Markets support copy trading?
Yes, it offers copy trading services to its clients.
Are there any deposit or withdrawal fees?
No, Ultima Markets does not charge any fees for deposits or withdrawals.
What customer support options are available?
The company offers customer support through email and phone. You can contact them at [email protected] or call +123456789.
Resources
User Reviews
Article written, edited and reviewed by
Adam Rosen
Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.
Andrew Blumer
Andrew Blumer is a finance pro who's got money matters down to a science.
Back in the day, he schooled at Belmont Hill School in Belmont, MA. Then, he took a swing at Harvard College, bagging a BA degree in economics. And that wasn't enough for him – he also nailed an MBA from Harvard Business School in '98.
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Last updated: September 5, 2024
