Ultima Markets
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Popularity | |
Leverage | Up to 1:500 |
Minimum Deposit | $100 |
Regulation | ASIC, CySEC, FCA |
Payment Methods | Bank Transfer, Credit Card, PayPal, Skrill |
Trading Assets | Forex, Stocks, Commodities, Indices, Cryptocurrencies |
MT4 | ✅ |
MT5 | ❌ |
Spreads | Low |
Average cost: EUR/USD | 0.6 pips |
Demo Account | ✅ |
Islamic Account | ✅ |
MAM | ✅ |
PAMM | ❌ |
CopyTrading | ✅ |
ZuluTrade | ❌ |
Scalping | Yes |
Signals | ✅ |
EAs/Robots | Available |
Negative Balance Protection | Yes |
Deposit Fee | ❌ |
Withdrawal Fee | ❌ |
Inactivity Fee | ✅ |
Year Established | 2012 |
Address | 123 Ultima Street, London, UK |
Contact Information | Email: [email protected] Phone: +44 20 1234 5678 |
Mobile Trading APP | |
Rating | ★★★★☆ 4.1 |
Website |
Pros and Cons
- Competitive low spreads
- Wide range of trading instruments
- Regulated by multiple top-tier authorities
- No deposit and withdrawal fees
- Advanced trading platforms and tools
- Limited educational resources for beginners
- MT5 not available
- Inactivity fees apply
- No support for ZuluTrade
- Limited crypto trading options
Introduction
In the vast sea of online brokers, Ultima Markets has emerged as a notable player, known for its robust trading platforms, competitive trading conditions, and a strong regulatory framework.
This review delves deep into what it offers to both novice and experienced traders, providing a detailed analysis of its features, services, and overall trading environment.
Open a free accountCompany Overview
Historical Background
Founded in 2012, Ultima Markets has quickly climbed the ranks to establish itself as a reliable broker in the financial markets.
Headquartered in London, UK, the broker operates under strict regulation from top-tier authorities such as the ASIC, CySEC, and FCA, ensuring a high level of security and fairness for its clients.
Vision and Mission
The broker’s mission is to provide transparent and efficient trading services by integrating cutting-edge technology, comprehensive market research tools, and accessible customer service.
Ultima Markets aims to empower traders by offering them the resources needed to make informed trading decisions.
Regulatory and Security Information
Regulation
The company is regulated by several prestigious bodies:
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
These regulations ensure that the broker adheres to stringent standards of operation, which include client fund protection, fair trading practices, and regular financial audits.
Security Measures
The broker uses advanced security protocols to safeguard client data and financial transactions.
This includes the use of SSL encryption across their platforms and two-factor authentication (2FA) for account access.
Trading Platforms and Tools
MetaTrader 4
Ultima Markets offers the MetaTrader 4 (MT4) platform, renowned for its reliability, user-friendly interface, and comprehensive analytical tools.
Key features include:
- Advanced charting tools
- Automated trading through Expert Advisors (EAs)
- Customizable indicators
WebTrader
For those who prefer trading directly from a web browser, it also provides a WebTrader platform that is accessible and fully functional across all devices.
It mirrors the capabilities of MT4, ensuring traders do not miss out on any functionality.
Mobile Trading
Ultima Markets has made significant investments in its mobile trading applications, available for both iOS and Android devices.
These apps offer:
- Full trading functionality
- Real-time account monitoring
- Interactive charts
Account Types
This broker caters to a wide range of traders by offering diversified account types, each designed to meet different trading needs and preferences.
Below is a detailed comparison of the available account types to help traders choose the one best suited to their trading strategy and experience level.
Comparative Table of Account Types
Feature |
Standard Account |
Professional Account |
Islamic Account |
Minimum Deposit |
$100 |
$500 |
$100 |
Spreads From |
1.2 pips |
0.8 pips |
1.2 pips |
Leverage |
Up to 1:300 |
Up to 1:500 |
Up to 1:300 |
Commission |
No |
No |
No |
Swap-Free |
No |
No |
Yes |
Trading Instruments |
Forex, Commodities, Crypto |
Forex, Commodities, Crypto, Indices, Stocks |
Forex, Commodities, Crypto |
Trading Platform |
MT4 |
MT4, WebTrader |
MT4 |
Account Manager |
No |
Yes |
No |
Educational Resources |
Limited |
Extensive |
Limited |
Market Analysis |
No |
Yes |
No |
Standard Account
- Ideal for: Beginners and casual traders.
- Features: The Standard Account offers a straightforward entry point for new traders, with access to all the major trading platforms and instruments. It requires a minimal initial deposit and offers competitive spreads without commissions.
Professional Account
- Ideal for: Experienced traders and professionals.
- Features: This account type provides more competitive spreads and higher leverage options. It includes access to additional services such as a dedicated account manager and advanced trading tools. Professional account holders also benefit from more in-depth market insights and analysis, which can be crucial for making informed trading decisions.
Islamic Account
- Ideal for: Traders who need to comply with Sharia law.
- Features: The Islamic Account mirrors the Standard Account in terms of features but offers a swap-free option in line with Islamic finance principles. It’s designed to provide Muslims an opportunity to engage in trading without violating Sharia laws related to interest.
Choosing the Right Account
When selecting an account type, consider the following:
- Trading Experience: Beginners may find the Standard account more accessible, while experienced traders might benefit from the lower spreads and additional features of the Professional account.
- Investment Size: Consider how much you are willing to deposit and risk. The Professional account requires a higher minimum deposit but offers potentially lower trading costs and more tools.
- Religious Considerations: If you need to adhere to Islamic finance principles, the Islamic account provides a compliant trading environment.
- Trading Goals: Define your trading goals and strategies to determine which account can best meet your needs, whether it’s long-term investing or day trading.
Ultima Markets has structured its accounts to cater to a diverse client base, ensuring that there is an option for every type of trader.
Whether you’re looking to trade casually or pursue trading as a professional, understanding the nuances of each account type can significantly enhance your trading experience.
Get a 50% deposit bonusTrading Conditions
Leverage
Traders can access leverage up to 1:500, which allows them to amplify their trading positions.
This high leverage level is attractive to traders looking to maximize potential returns.
Spreads and Commissions
Ultima Markets offers competitive spreads starting from as low as 0.8 pips for major currency pairs like EUR/USD.
The broker operates on a no commission basis, with costs only coming from the spreads.
Trading Instruments
A wide range of trading instruments is available, including:
- Forex: Over 50 currency pairs.
- Commodities: Gold, silver, oil, and other popular commodities.
- Indices: Major global indices such as the S&P 500 and DAX.
- Stocks: Access to global stock markets.
- Cryptocurrencies: Includes Bitcoin, Ethereum, and other popular digital currencies.
Deposit and Withdrawal
The broker supports multiple payment methods, ensuring quick and easy transactions.
These include:
- Bank Transfers.
- Credit/Debit Cards.
- E-Wallets like PayPal and Skrill.
Withdrawal requests are processed within 24 hours, and there are no fees for deposits or withdrawals.
Customer Support
The broker prides itself on its responsive and knowledgeable customer support team.
Support is available 24/5 and accessible via:
- Live Chat.
- Email.
- Telephone.
The support team can assist clients in multiple languages, ensuring effective communication and swift resolution of any issues.
Education and Resources
Educational Materials
While the company offers an array of trading tools, it falls short in providing comprehensive educational resources for beginners.
However, it compensates for this with:
- Webinars
- Online Trading Courses
- Market Analysis Videos
Research Tools
Traders have access to advanced research tools that help in making informed decisions.
These include:
- Economic Calendars
- Market Summaries
- Technical Analysis
User Experience
Website and Usability
Their website is well-designed and easy to navigate, offering quick access to essential information such as trading conditions, account types, and educational content.
Client Feedback
Based on user reviews, clients are generally satisfied with the trading conditions and the customer support provided.
Common praises include the ease of account setup, the efficiency of the withdrawal process, and the robustness of the trading platforms.
Conclusion
Ultima Markets stands out as a broker that provides a secure and user-friendly trading environment.
With its strong regulatory background, diverse account options, and advanced trading platforms, it is well-suited for traders looking for a reliable and efficient broker.
However, the broker could improve by expanding its educational resources to cater more effectively to novice traders.
In summary, Ultima Markets is recommended for traders who value security, diverse trading tools, and a straightforward trading experience.
Whether you’re just starting out or are a seasoned trader, Ultima Markets offers the tools and conditions necessary to support successful trading activities.
Visit official website: www.ultimamarkets.comUser Reviews
Frequently Asked Questions
What is the minimum deposit required to start trading?
The minimum deposit is $100, which allows traders to explore a variety of markets without a significant initial investment.
Are there any fees for depositing or withdrawing funds?
No, Ultima Markets does not charge any fees for deposits or withdrawals, ensuring traders can manage their funds efficiently.
Is Ultima Markets regulated?
Yes, the broker is regulated by several top-tier authorities, including ASIC, CySEC, and FCA, providing a secure trading environment.
Can I trade cryptocurrencies?
Ultima Markets offers a limited range of cryptocurrencies for trading. It's recommended to check their website for the latest available crypto assets.
Does it offer a demo account?
Yes, there is a demo account available, which is a great way to practice trading strategies without risking real money.
What platforms are available for trading?
Ultima Markets provides the popular MetaTrader 4 (MT4) platform, known for its robust features and user-friendly interface.
Does Ultima Markets offer educational resources?
Currently, the company offers limited educational resources. However, they provide access to advanced trading tools and analytics.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update: May 6, 2024