![Ultima Markets Logo](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fultima-markets-logo.png&w=128&q=75)
Ultima Markets Review 2024
![Nikolay Zavarov - Author](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-team-photos%2Fnikolay-300x300.webp&w=96&q=100)
![Andrey Bondarenko - Editor](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-team-photos%2Fandrey-300x300.webp&w=96&q=100)
Highlights of Ultima Markets
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Ultima Markets is a global forex and CFD broker regulated by the Financial Services Commission of Mauritius (FSC) and the Cyprus Securities and Exchange Commission (CySEC).
The broker is distinguished by low trading commissions on the ECN account and tight spreads on the standard account. The account opening process is simple and fast. Traders have access to various analytical materials and tools, including a demo account and a free VPS.
However, Ultima Markets has a limited selection of CFDs on stocks and not enough educational materials for beginner traders.
Pros and Cons of Ultima Markets
Pros
- Low trading commissions.
- Coverage of all major trading asset markets.
- Extensive analytical materials and tools.
- Efficient technical support.
Cons
- Lack of educational materials.
- No phone support.
Ultima Markets reviews
Leave a review of your experience:
Ultima Markets Broker Overview
Foundation Year | 2016 |
---|---|
Official Website | https://www.ultimamarkets.com |
Regulated in Countries | Mauritius, CyprusMore Details |
Minimum Deposit |
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Spread | from 0 points |
Max Leverage | 1:2000 |
Trading Assets |
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Trading Platforms |
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Email Support |
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Hotline Phones | — |
Social Media |
Ultima Markets was founded in 2016 and has since established itself as a reliable partner in financial market trading. The platform provides clients with a wide range of financial services, basing its operations on principles of reliability and transparency.
Ultima Markets focuses on providing high-quality services and a diverse range of trading products to meet the needs of various clients. The broker offers over 250 CFDs, including Forex, commodities, indices, and stocks. To date, the company has served clients from 172 countries and regions, providing them with advanced trading systems and reliable services.
Ultima Markets Review Summary
- Regulation by FSC and CySEC.
- Membership in The Financial Commission.
- Insurance coverage up to $1,000,000 USD.
- Lack of licenses from stricter regulators such as the FCA or ASIC.
To evaluate Ultima Markets, we used our detailed methodology, which takes into account a multitude of key factors, including reliability, trading commissions, range of instruments, quality of customer service, and many other parameters.
We invite you to continue reading our Ultima Markets review to learn more about the advantages and disadvantages of this broker and to draw conclusions about partnering with them.
Reliability and Regulation
Legal Entity | Regulator |
---|---|
Ultima Markets Ltd Ultima Markets Ltd | FSC FSC |
Ultima Markets Cyprus Ltd Ultima Markets Cyprus Ltd | CySEC CySEC |
Ultima Markets demonstrates a high level of reliability and compliance with regulatory requirements, confirmed by the presence of multiple licenses and participation in international organizations.
Yes, Ultima Markets is licensed by the Financial Services Commission (FSC) of Mauritius and the Cyprus Securities and Exchange Commission (CySEC), which attests to its strict adherence to international standards and requirements imposed on financial institutions.
Furthermore, Ultima Markets is a member of The Financial Commission, an independent international body that deals with the resolution of disputes in the Forex and CFD markets. This membership confirms the company's commitment to principles of fair trading and transparency, providing clients with an additional level of confidence in the fair resolution of potential disputes.
An important aspect of client protection is the insurance coverage, provided by Willis Towers Watson (WTW), a global insurance broker with many years of experience, founded in 1828. All Ultima Markets clients are protected by this coverage with the possibility of compensation claims up to 1,000,000 US dollars per account.
Account Opening
The account opening process at Ultima Markets is easy, convenient, and fast. Registration takes only a few minutes, and verification requires standard documents, ensuring client security. Low minimum deposits make the process accessible to various categories of traders, adding convenience and flexibility.
Registration
The account registration process at Ultima Markets is quite simple and takes only a few minutes. The registration form requires you to specify the following:
country of residence,
email address (to which a verification code is immediately sent),
password.
![Ultima Markets Registration Form](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-register-1.jpg&w=3840&q=100)
Then you need to choose the type of account (Individual or Company), confirm that you are not a resident of the USA, consent to the use of your data for mailing purposes, and agree to the privacy policy.
After that, you will have access to the Ultima Markets personal account area.
![Ultima Markets Client Portal](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-register-2.jpg&w=3840&q=100)
To open a trading account, the following information is required:
last name,
first name,
gender,
date of birth,
phone number,
country of residence,
nationality.
![Opening an account at Ultima Markets](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-register-3.jpg&w=3840&q=100)
Next, select the type of trading account and trading platform, as well as the account currency: USD, GBP, CAD, EUR, AUD, SGD, NZD, HKD, and JPY.
![Opening a trading account at Ultima Markets](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-register-4.jpg&w=3840&q=100)
The entire account opening process can be completed in 5 minutes.
Verification
To fully activate an account with Ultima Markets, a verification process is required, which includes identity verification and proof of residence. Identity verification allows you to start trading, while address confirmation is necessary for fund withdrawals.
Documents required for verification
Identity verification:
- Passport (first page with photo)
- National ID card
- Driver's license
Proof of address:
- Utility bill (within the last 3 months)
- Bank statement (within the last 3 months)
- Rental agreement or proof of residency
Important! Before making a deposit into your trading account, ensure that you can pass address verification to avoid future withdrawal issues.
Minimum Deposit
The minimum deposit is $50 for Standard and ECN accounts and $20 for a Cent account. These low requirements allow you to start trading even with a small initial capital, providing flexibility and convenience for new clients.
Account Types
Ultima Markets offers a sufficient variety of trading accounts and services, making it attractive for different traders. However, to further satisfy customer needs, Ultima Markets could consider introducing fixed-spread accounts and conducting contests among traders. These additional services could make the broker's offer even more competitive and appealing.
Trading Accounts
Standard | ECN | Standard Cent Account | ECN Cent Account | |
---|---|---|---|---|
Account Currency | USD, EUR, GBP, CAD, AUD, NZD, SGD, HKD, JPY | |||
Minimum Deposit | 50 $ | 20 $ | ||
Trading Platforms | MetaTrader 4WebTrader | |||
Spread | floatingfrom 1 pipsfor EURUSD~ 1 pips | floatingfrom 0 pipsfor EURUSD~ 0.1 pips | floatingfrom 1 pipsfor EURUSD~ 1 pips | floatingfrom 0 pipsfor EURUSD~ 0.1 pips |
Commission per Trade | per 1 lot2.5 $ | per 1 lot2.5 $ | ||
Trading Assets | ForexIndicesPrecious MetalsEnergy CarriersStocksETFBondsCryptocurrencySoft Commodities | ForexPrecious Metals | ||
Opened Positions | — | |||
Leverage | 1:1-1:2000 | |||
Margin Call / Stop Out | 50% / 20% | 80% / 50% | ||
Order Execution | STP | ECN | MM | |
Demo Account | ||||
Islamic Account | ||||
Open AccountRegister | Open AccountRegister | Open AccountRegister | Open AccountRegister |
Standard
The Standard account is designed for traders who value stable trading conditions. This account does not involve commissions for transactions and is available for opening with a minimum deposit of $50. It is ideal for those who appreciate reliability and simplicity in trading.
ECN
The ECN account is aimed at experienced traders who want to take advantage of the best trading conditions. This type of account provides direct market access and tighter spreads, making it ideal for active traders seeking maximum efficiency in their transactions.
Cent Account
The Cent account is created for traders looking for flexibility and optimal risk management. It allows trading in smaller volumes while retaining all the benefits of a standard account. The minimum deposit for opening a cent account is $20, making it suitable for beginner traders and those who want to test their strategies with minimal risks.
Demo Account
Ultima Markets offers the convenience of opening a demo account through the personal cabinet. Standard and ECN accounts with leverage from 1:100 to 1:500 are available. The initial balance can be selected from $1000 to $100,000.
Demo Account has no time limits, allowing traders to practice and test strategies without financial risk.
PAMM/MAM Accounts
Ultima Markets offers flexible and efficient PAMM/MAM solutions for fund management. These accounts are designed for optimal management and performance enhancement, ensuring transparency and convenience for both managers and investors.
PAMM (Percentage Allocation Management Module) allows investors to entrust their funds to qualified traders or managers who earn based on the profit generated.
MAM (Multi-Account Manager) is used by managers to simultaneously manage multiple trading accounts, offering clients the opportunity to profit from professional management.
How to connect to Ultima Markets PAMM/MAM accounts:
- Registration: register on the platform and complete the verification process.
- Request PAMM/MAM Account: send a request to open a manager account to info@ultimamarkets.com.
- Start Trading: register investor accounts, set terms, and begin trading.
These capabilities make Ultima Markets PAMM/MAM accounts attractive for professional traders and investors seeking optimal capital management and high performance.
Social Trading
Ultima Markets offers a convenient and effective platform for social trading through the UM Social application. It is an online network of traders where users can exchange ideas, share trading decisions, and copy the strategies of successful traders.
![Copy trades on Ultima Markets](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-copy-1.jpg&w=3840&q=100)
How to join UM Social:
- Download and Register: install the UM Social app and register.
- Funding and Copying: fund your account, select a trader, and start copying their trades with one click.
- Earn Rewards: benefit from the successes of your strategy provider.
![Trader statistics in UM Social](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-copy-2.jpg&w=2048&q=100)
UM Social is compatible with most smart devices, allowing you to trade and copy trades anytime and anywhere.
Islamic Account
Swap Free or Islamic Account is necessary for clients who need to avoid swap charges. Instead of swaps, an administrative fee is charged for holding positions overnight. Trading conditions on Ultima Markets for these accounts are similar to regular accounts.
Process of Opening an Islamic Account:
- To open a Swap Free account, a written request must be submitted to customer support.
- Conversion from a regular account is possible only after closing all positions and settling the account.
Terms of Use for the Islamic Account
- The Islamic account must be used in good faith, without attempts to profit from the absence of swaps.
- Ultima Markets reserves the right to cancel or revoke the Swap Free account without explanation if abuses are detected.
This account ensures compliance with religious requirements and transparency of trading conditions for clients.
VPS
Ultima Markets provides free access to a Virtual Private Server (VPS) for continuous operation of the trading platform. VPS is useful for traders who are using automated strategies and prevents downtime due to technical issues.
How to Get a Free VPS:
- Deposit at least 1000 USD.
- Select a VPS provider.
- Close trades amounting to at least 1 million USD per month.
- Upload your account to VPS through the client portal for reimbursement of up to 50 USD to your trading account.
These conditions make using a VPS from Ultima Markets convenient and beneficial for traders.
Commissions
At Ultima Markets has low trading commissions, which makes it attractive for various categories of traders. The commission for a transaction on an ECN account is $5 per full lot, which is below the market average. Spreads on the standard account are also quite narrow, and swaps are lower than the market average. Additionally, the broker does not charge inactivity fees or withdrawal fees, which creates additional advantages for traders.
Trading Commissions
Trading commissions are an integral part of working with a broker. Ultima Markets offers a transparent system that consists of transaction fees, spreads, and swaps.
Transaction Fee
The transaction fee is a fixed charge that the broker levies on each trade in a trading account. Ultima Markets charges a commission on an ECN account of $5 per full lot. This is below the market average, which makes this account attractive for active traders.
Broker | IC MarketsRaw Spread | PepperstoneRazor | Ultima MarketsECN | RoboforexECN | FxProRaw+ |
---|---|---|---|---|---|
Commission per lot | $3.5 | $3.5 | $2.5 | $2.16 | $3.5 |
Spreads
Spreads are the difference between the bid and ask quotes of a currency pair or other financial instrument. This is another way brokers earn on their services. Ultima Markets offers narrow spreads on the standard account, which reduces trading costs for traders.
Asset | Average spread | Swap long | Swap short |
---|---|---|---|
EURUSD | 1.0 pips | -5.30 pips | 2.19 pips |
GBPUSD | 1.0 pips | -1.60 pips | -0.22 pips |
AUDUSD | 1.3 pips | -2.98 pips | 0.74 pips |
NZDUSD | 1.5 pips | -2.18 pips | -2.17 pips |
USDCAD | 1.1 pips | -1.95 pips | -6.25 pips |
USDCHF | 1.3 pips | 6.35 pips | -14.07 pips |
USDJPY | 1.3 pips | 10.03 pips | -26.57 pips |
Swaps
Swaps should also be considered for long-term trading. This is a fee or income for carrying an open position to the next day. Swaps vary for different currency pairs and depend on the type of position - long or short. The cost of swaps at Ultima Markets is lower than the market average, which makes the broker attractive for traders who prefer long-term trading.
Deposit and Withdrawal
Ultima Markets provides a variety of convenient methods for depositing and withdrawing funds with minimal costs and fast processing time, which makes it attractive for traders.
Deposit Methods
Payment System | Currencies | Deposit Fee | Operation Limit |
---|---|---|---|
![]() | 0% | from 200 USDup to 20000 CNY | |
![]() | all | 0% | from 50 to 99999999.99 USD |
![]() | 0% | from 200 USDup to 49999 CNY | |
![]() | all | 0% | from 50 to 1900 USD |
![]() | all | 0% | from 50 to 1900 USD |
![]() | 0% | from 50 USDup to 300000000 VNDup to 500000 THB. . .show all |
Cryptocurrency | Blockchain | Deposit Fee | Operation Limit |
---|---|---|---|
![]() | BTC | 0% | from 50 to 5000000 USD |
![]() | ERC20 | 0% | from 50 to 5000000 USDT |
![]() | TRC20 | 0% | from 50 to 5000000 USDT |
![]() | Omni | 0% | from 50 to 5000000 USDT |
Ultima Markets supports a variety of deposit methods, including credit cards, online banking, bank transfers, electronic payment systems, and cryptocurrencies. The processing time for all methods except bank transfer is up to 1 hour with no commission. Bank transfers are processed within 2-5 business days with possible transfer and currency conversion fees charged by your bank.
Withdrawal Methods
Payment System | Currencies | Withdrawal Fee | Operation Limit |
---|---|---|---|
![]() | 0% | from 40 USD | |
![]() | все | 0% | from 40 USD |
![]() | 0% limitscommission limits | from 40 USDup to 49999 CNY | |
![]() | все | 0% limitscommission limits | from 40 USD |
![]() | все | 0% limitscommission limits | from 40 USD |
![]() | 0% limitscommission limits | from 40 USDup to 300000000 VNDup to 500000 THB. . .show all |
Cryptocurrency | Blockchain | Withdrawal Fee | Operation Limit |
---|---|---|---|
![]() | BTC | 0% | from 40 to 5000000 USD |
![]() | ERC20 | 0% | from 40 to 5000000 USDT |
![]() | TRC20 | 0% | from 40 to 5000000 USDT |
![]() | Omni | 0% | from 40 to 5000000 USDT |
For withdrawals, Ultima Markets offers the same methods as for deposits: credit cards, online banking, bank transfer, electronic payment systems, and cryptocurrencies. Withdrawals are carried out with no commission for the client. Withdrawals via cryptocurrencies or online banking take up to 2 business days, other methods require from 2 to 5 business days.
Deposit Bonuses
Ultima Markets offers two types of deposit bonuses that help increase traders' trading capital and provide flexible conditions for profit-taking.
20% Deposit Bonus
- Trading capital increase: up to 1.5 times.
- Profit withdrawal: at any time.
- An additional bonus: 20% on all subsequent deposits.
How to get the bonus:
- Register or activate the bonus in your personal account.
- Deposit funds to instantly receive the bonus.
Bonus Calculation Example:
Deposit ($) | Credit Bonus ($) |
---|---|
1000 | 200 |
2500 | 500 |
10,000 | (20% x 2,500) + (10% x 7,500) = 1,250 |
47,500 | (20% x 2,500) + (10% x 45,000) = 5,000 |
50% Deposit Bonus
- Trading Capital Increase: up to 1.5 times.
- Profit Withdrawal: at any time.
- Additional Bonus: 20% on all subsequent deposits.
How to Get the Bonus:
- Register or activate the bonus in your account.
- Fund your account to instantly receive the bonus.
Bonus Calculation Example:
Deposit ($) | Credit Bonus ($) |
---|---|
500 | 250 |
1000 | 500 |
5000 | (50% x 1,000) + (20% x 4,000) = 1,300 |
48,500 | (50% x 1,000) + (20% x 47,500) = 10,000 |
These bonuses allow Ultima Markets traders to significantly increase their trading capital and fully leverage market opportunities.
Markets and Products
Ultima Markets offers a broad selection of trading instruments, covering all major markets, making it a good choice for most traders. However, some competitors offer an even greater number of CFD products, especially stocks.
Which Markets Are Available?
Broker | IC Markets | Ultima Markets | Pepperstone |
---|---|---|---|
Forex | 61 | 60 | 97 |
Precious Metals | 7 | 9 | 20 |
Energy Carriers | 5 | 7 | 4 |
Soft Commodities | 8 | 7 | 16 |
Indices | 25 | 28 | 26 |
Stocks | 2175 | 86 | 986 |
ETF | 38 | 6 | 108 |
Bonds | 10 | 7 | — |
Cryptocurrency | 21 | 47 | 30 |
Ultima Markets provides CFDs on currency pairs, commodities, indices, stocks, ETFs, bonds, and cryptocurrencies. However, compared to top competitors, Ultima Markets has an average number of CFD products, although the entire range of markets is available.
Leverage
Trading Instrument | Max. Leverage for Retail Traders |
---|---|
Forex | 1:2000 |
Precious Metals | 1:2000 |
Energy Carriers | 1:500 |
Soft Commodities | 1:20 |
Indices | 1:500 |
Stocks | 1:33 |
ETF | 1:1 |
Bonds | 1:100 |
Cryptocurrency | 1:300 |
Leverage depends on the account, balance of funds, and trading instrument. The table considers the maximum leverage depending on the trading instrument.
Trading Platforms
Ultima Markets offers convenient and functional trading platforms, that meet the needs of most traders, but expanding the choice of platforms could further improve the user experience.
MetaTrader 4
MetaTrader 4 (MT4) is a popular trading platform that supports a wide range of features for traders. MT4 provides access to various instruments, such as currency pairs, stocks, metals, and indices.
The platform includes 9 types of timeframes, more than 30 popular technical indicators, and 24 analytical tools. MT4 ensures secure and reliable trading with fast order execution.
![WebTrader Ultima Markets](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-mt4.jpg&w=3840&q=100)
You can download MetaTrader 4 in the Ultima Markets personal area for Windows, iPhone/iPad, and Android, or use it as a web application in a browser.
Ultima Markets App
The Ultima Markets App is an innovative and intuitive solution for managing trades in the derivatives market.
![Ultima Markets App](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-app-1.jpg&w=828&q=100)
The app allows you to:
- View real-time quotes and execute trades
- Open and close positions at any time and place
- Place buy/sell orders with a wide selection of assets
- View trading history
- Use 9 types of timeframes and more than 30 popular technical indicators
- Apply 24 analytical tools
![Ultima Markets App](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-app-2.jpg&w=828&q=100)
The app provides access to major global instruments, including currencies, stocks, metals, energy, and indices, and offers a secure and efficient trading environment.
Analytics
Ultima Markets offers some high-quality analytical materials and tools, making it an excellent choice for traders looking to conduct in-depth market analysis and make informed trading decisions. However, there is a lack of unique analytical tools such as AutoChartist, market news feed in the terminal, or trading signals.
Market News
Ultima Markets provides up-to-date market news, helping traders make well-informed trading decisions.
![Market News from Ultima Markets](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-news.jpg&w=3840&q=100)
For instance, the latest updates on US indices and currency pairs allow for staying informed about market movements and planning strategies.
Broker's Expert Analysis
The team of professional analysts at Ultima Markets offers detailed analysis of popular instruments.
![Analysis from Ultima Markets experts](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-analysis.jpg&w=3840&q=100)
For example, daily reports on GBP/USD include key factors, technical analysis, and forecasts, which help traders better understand the market and find trading opportunities.
Economic Calendar
The economic calendar from Ultima Markets allows for the tracking of significant economic events and data that impact the market. This helps traders to respond to news in a timely manner and adjust their strategies.
![Economic Calendar from Ultima Markets](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-calendar.jpg&w=3840&q=100)
Trading Calculator
Ultima Markets offers various calculators to simplify the trading process. Included are margin, profit, and swap calculators, allowing traders to focus on making trading decisions rather than on calculations.
![Ultima Markets Calculators](/_next/image/?url=https%3A%2F%2Fpayload.iamforextrader.com%2Fmedia-fx-brokers%2Fen-ultima-markets-calc.jpg&w=3840&q=100)
Education
The only available educational tool at Ultima Markets is an unlimited demo account, which is insufficient for beginner traders. To improve the quality of education, it is necessary to expand the range of educational materials and tools.
Customer Support
Customer support at Ultima Markets demonstrates high efficiency and professionalism, providing prompt assistance through various communication channels.
How to Contact Support?
You can contact Ultima Markets technical support through several channels:
- Email: info@ultimamarkets.com
- Online chat on the website
- Telegram: @ultimamarkets
However, there is no possibility for instant communication by phone.
Support Working Hours
Ultima Market's technical support operates 24/7, providing assistance at any time of day or night.
Feedback on Technical Support
Users generally give positive feedback about Ultima Market's technical support. They note the high responsiveness and willingness to help, as well as the quick and efficient processing of requests. Many clients are satisfied with the fast withdrawal process and the quality of support provided.
Conclusion
Ultima Markets is a broker offering a wide range of trading instruments and platforms, making it attractive to various categories of traders. With low trading commissions, user-friendly platforms, and extensive analytical materials, the broker is suitable for experienced traders and those who use automated strategies. However, due to the lack of educational materials, Ultima Markets is less suitable for beginner traders, but it is an excellent choice for anyone who does not require training.
FAQ
Is Ultima Markets legit?
Yes, Ultima Markets is a legitimate broker. Ultima Markets is a licensed and regulated broker that provides reliable and transparent services to its clients. The broker is regulated by the Financial Services Commission of Mauritius (FSC) and the Cyprus Securities and Exchange Commission (CySEC), confirming its legitimacy and security.
Which country is Ultima Markets from?
Ultima Markets is based in Limassol, Cyprus.
Is Ultima Markets an ECN broker?
Yes, Ultima Markets offers an ECN (Electronic Communication Network) account. This type of account allows traders to execute orders directly through liquidity providers, providing access to tighter spreads and faster execution.
How does Ultima Markets make money?
Ultima Markets makes money primarily through the spreads on trades. It may also earn from additional fees such as overnight financing charges, inactivity fees, and commissions on certain types of accounts.
Is Ultima Markets good for beginners?
Yes, Ultima Markets can be suitable for beginners. It offers a user-friendly platform and customer support to help new traders get started.
Does Ultima Markets offer a demo account?
Yes, Ultima Markets offers a demo account. This allows potential clients to practice trading in a risk-free environment with virtual funds.
How can I open an account with Ultima Markets?
To open an account with Ultima Markets, you need to visit their website, fill out the registration form, provide the required identification documents, and complete the verification process. Once approved, you can fund your account and start trading.
How can I delete my Ultima Markets account?
To delete your Ultima Markets account, you will need to contact their customer support team. They will guide you through the account closure process, which usually involves submitting a formal request and ensuring all funds are withdrawn from the account.
What is the minimum deposit for Ultima Markets?
The minimum deposit for Ultima Markets is $50 for Standard and ECN accounts. For Cent accounts, the minimum deposit is $20.
What is the maximum leverage on Ultima Markets?
The maximum leverage offered by Ultima Markets can go up to 1:2000, depending on the asset class.
How do I deposit funds in an Ultima Markets account?
To deposit funds in an Ultima Markets account, you can use various methods such as bank transfers, credit/debit cards, electronic payment systems, and cryptocurrencies.
How do I withdraw money from Ultima Markets?
To withdraw money from Ultima Markets, you need to log in to your trading account, navigate to the withdrawal section, and submit a withdrawal request. The funds will be transferred to your chosen payment method.
Does Ultima Markets provide VPS?
Yes, Ultima Markets provides VPS (Virtual Private Server) services for its clients, which is beneficial for those who require reliable and uninterrupted trading.
Is Ultima Markets suitable for scalping?
Yes, Ultima Markets is suitable for scalping. The broker allows various trading strategies, including scalping, and provides the necessary tools for this approach.
Is Ultima Markets suitable for auto-trading?
Yes, Ultima Markets is suitable for auto-trading. It supports various trading platforms that allow for automated trading strategies.
Is Ultima Markets suitable for hedging?
Yes, Ultima Markets is suitable for hedging. The broker permits hedging strategies, allowing traders to manage risk by opening multiple positions on the same asset.
Is Ultima Markets suitable for spread betting?
No, Ultima Markets does not offer spread betting. It provides other forms of trading, but spread betting is not one of them.