A large multi-entity global CFD group (1,000+ instruments, presence claimed in 170+ countries, an FC Internazionale Milano sponsorship deal) marking its 10th anniversary in 2026; its UK FCA entity, however, is brand new and not yet fully live for UK retail as of this research.
| Regulated entity | Ultima Markets UK Limited |
|---|---|
| Regulation | CySEC No. 426/23 + FCA No. 470325 |
| Other Tier-1 regulators | FSCA |
| Founded | 2016 |
| Headquarters | Not independently confirmed |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, MT5, Proprietary (UM Terminal) |
| Instruments | 250+ CFDs across forex, commodities, indices, shares, and metals. Cryptocurrency CFD availability is disputed -- one source lists it as tradable, another only as a deposit method. |
See Ultima Markets's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Via the Cyprus entity (which most available fee/account data actually describes, rather than the newer UK entity): Standard (spread-only, beginner-oriented), ECN (tighter spreads from 0 pips, $5 commission), and Pro ECN ($3 commission, but a steep $20,000 minimum deposit). Islamic/swap-free structures are available. |
|---|---|
| Execution model | ECN overall, with the Standard account closer to spread-only/STP-style pricing and the ECN/Pro ECN tiers commission-based raw-spread accounts -- execution style genuinely varies by account type. |
| Withdrawals & deposits | One source states no deposit or withdrawal fees; methods include bank card, wire, and cryptocurrencies, with processing from 15 minutes to 3 business days and a $40 minimum withdrawal. However, independent complaint threads describe withdrawals held on "processing" well past normal timeframes in specific disputed cases, and at least one trader alleges the broker accused their account of abusive arbitrage trading and confiscated both profits and the original deposit, reportedly leading to a criminal complaint filed with German authorities -- this is a serious, specific allegation that hasn't been independently verified or confirmed by a regulator, so it should be read as a disputed claim, not an established fact. |
| Overnight financing (swap) | Standard industry swap fees apply to overnight positions; an Islamic swap-free option is available. No rate formula was disclosed. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | One source states no inactivity fee is charged; single-source. |
| Customer service | Trustpilot sentiment is mixed-to-positive overall (fast execution and withdrawals, and praise for customer care cited by some reviewers), which sits in tension with the serious, unverified fund-confiscation allegation noted above -- both should be weighed together rather than one overriding the other. |
| Mobile experience | Not found -- no App Store or Google Play rating was located. |
| Educational offering | Not found in this research pass. |
See how Ultima Markets's spread cost compares across every researched broker → · Forex broker fees explained
Is Ultima Markets regulated?
Yes -- CySEC No. 426/23 + FCA No. 470325. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Ultima Markets fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
What is the minimum deposit at Ultima Markets?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does Ultima Markets offer?
Ultima Markets offers MT4, MT5, Proprietary (UM Terminal).
What is Ultima Markets's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was Ultima Markets founded?
Ultima Markets was founded in 2016.
How is Ultima Markets's overall score calculated?
Ultima Markets currently scores 3.56/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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