Ultima Markets Review 2023 – Trade Forex, Metals, Commodities, Indices and CFDs

 

Searching for a dependable forex broker is hard. What if the broker comes out as a scam? Well, you never know. That's why we offer reviews of various brokers, so you can select the one that fits your needs and trading objectives. Keeping that in mind, let's give you the detail on Ultima Markets.

Through this Ultima Markets review, we’re about to take you on a journey that will empower you to make almost accurate decisions in the financial markets.

Founded in 2016, Ultima Markets has consistently demonstrated its flexibility amidst the booms and busts of the trading industry. The basis of their success is a steadfast commitment to providing clients with a secure and stable trading environment, allowing them to seize opportunities effectively.

Ultima Markets Review: Overview of the Broker

Ultima Markets is a broker that prioritizes its clients, continuously striving to enhance the quality of its services and expanding its product range to cater to a wide variety of needs. Over the years, they’ve built a strong reputation serving clients from 172 countries and regions, offering trustworthy services and a robust trading system.

What makes Ultima Markets unique is its trading platform that allows people to trade 250 CFD financial instruments. You can trade assets like foreign currencies, gold, stock markets, metals, and commodities. They have some cool features like being able to borrow money (leverage) to trade, making your trades happen fast, not charging too much for trading, and following strict rules to keep things fair.

Ultima Markets Broker Review: Quick Summary

🏢 Headquarters	Mauritius
📆 Established	2016
🗺️ Regulation	Financial Services Commission "FSC" of Mauritius, CySEC
🖥 Platforms	MetaTrader 4, Ultima Markets Apps, Web Trader
📉 Instruments	Crypto, CFDs
💳 Minimum Deposit	$50
💰 Deposit Methods	Master Card, Visa, bitcoin, tether, Alipay, UnionPay, International EFT
📱 Mobile Trading	Yes
🌍 Web Trading	Yes
💵Minimum Trade Size	0.01 Lots
🎢 Maximum Leverage	Up to 1:2000
🌍 ECN	Yes
🤖 Robots	Yes
🎯 Scalping	Yes
☎ Customer Support	24/7

Top Features of Ultima Markets

At Ultima Markets, they take pride in offering a set of features that make your trading experience both reliable and rewarding. Whether you've been trading for a long time or you're just beginning, Ultima Markets is made to cater to you. Here are some of the standout features that make Ultima Markets special:

Low Trading Costs

When you trade with Ultima Markets, you'll enjoy competitive prices with narrow spreads. This translates to lower trading costs compared to many other brokers. We believe in keeping your expenses in check.

High Leverage Ratio

For those looking to maximize trading profits, their high leverage ratio of up to 1:2000 provides an opportunity to do just that. It’s a powerful tool for experienced traders to make the most of their capital.

Diversified Instruments

It is normal that different investors have different preferences. That’s why Ultima Markets offers a wide range of financial instruments, including currency pairs, precious metals, crude oil, indices, shares, and cryptocurrencies. You’ll find the right options to match your unique trading style.

Segregated Funds

Traders’ peace of mind is important to Ultima Markets. That’s why they keep clients’ funds at WESTPAC Bank, one of Australia’s largest banks, completely separate from Ultima Markets’ own funds. Hence, your money remains safe and secure.

Secure Regulation

They take security seriously. Ultima Markets doesn’t hide any backdoor plug-ins in their platform. This means your order prices, set by you, are tamper-proof, providing you with a transparent and secure trading environment.

Fast Execution

Its robust IT infrastructure, hosted at the NY4 data center, ensures low latency and swift order execution. You can have confidence that your trades will be carried out quickly without any delays.

Flexible Logins

Ultima Markets offers the flexibility to access your account from mobile devices, PCs, and tablets, allowing you to trade anytime and anywhere that suits you.

Top Liquidity

Partnering with leading liquidity providers and exchanges worldwide, they offer low-latency and competitive pricing. This translates to fast execution and a stable trading environment. We also support multiple deposit channels, including credit cards, Union Pay, and cryptocurrencies, making it convenient for you to fund your account.

Ultima Markets Review: Assets

Ultima Markets knows that every trader has their own specific likes and dislikes. That's why they provide a wide variety of assets to match your particular trading style. Let's dig deeper into what they have available:

Forex - Ride the Currency Waves

Using the Ultima Markets platform, you can take advantage of the ups and downs in global forex markets. This means trading currency pairs with the power of leverage, which lets you control more with less. Plus, it’s available 24 hours a day, five days a week. No need to worry about commissions and high fees and you’ll find deep and diverse liquidity. They also offer popular Forex CFDs like EUR/USD, AUD/USD, GBP/USD, and USD/JPY.

Indices - Trade the World’s Markets

With Ultima Markets, you can trade a comprehensive index of premium stocks from major markets worldwide. You have flexible trading choices and the option to use leverage up to 1:500, which lets you keep a close eye on the market and make quick trades.

Say goodbye to stamp duty and high fees, and enjoy trading with no requotes thanks to their deep liquidity pool. They offer indices like SPI200, GER40, SP500, and DJ30.

Shares - Invest in Popular Stocks

Ultima Markets offers Share CFDs on many popular stocks, including giants like Apple, Amazon, Disney, and Tesla. Whether you’re on the move or at your desk, you can access global share CFD markets with leverage. Ultima Markets' deep liquidity pool ensures no requotes or hidden fees, and you’ll experience fair two-way transactions with fast execution via Equinix NY4 server.

Metal & Commodities - Seize Opportunities

Ultima Markets provides a competitive environment for trading prevalent commodities worldwide. Monitor markets on the go and understand that these markets are influenced by changes in supply and demand. Perfect for investors interested in price speculation, you’ll find deep and diverse liquidity with no hidden fees and no dealing desk. Fast execution via Equinix NY4 server ensures you’re always ahead in the game.

Ultima Markets Broker Review: Account Types

Considering all levels of traders, Ultima Markets provides three types of accounts: Standard, ECN, and Pro ECN. Let’s get to know these in detail.

Standard Account - Your Essential Start

This account is designed for traders who want a stable trading environment. The Standard account doesn’t charge any commissions on your transactions, which makes it a great choice for those looking to get started with a minimum deposit of just $50. You can trade on popular platforms like MT4, WebTrader, and Mobile Apps with instant execution. Access over 250 currency pairs, indices, commodities, and share CFDs. Leverage of up to 2000:1 is available, and the minimum spread starts at 1.0 pips.

ECN Account - For Trading Experts

If you’re an experienced trader seeking the best trading conditions, the ECN account is for you. With a minimum deposit of $50, you get access to instant execution on platforms like MT4, WebTrader, and Mobile Apps. Trade over 250 currency pairs, indices, commodities, and share CFDs with leverage of up to 2000:1. The ECN account provides a super low minimum spread of 0.0 pips and charges a commission of $5.

Pro ECN Account - For the Pros

The Pro ECN account is the ultimate choice for professional traders. It comes with the lowest commissions, spreads as low as 0.0 pips, and a secure trading environment. To open a Pro ECN account, you’ll need a minimum deposit of $20,000. You can still enjoy the benefits of trading on MT4, WebTrader, and Mobile Apps with instant execution. Access the same wide range of products with leverage of up to 2000:1, but at a reduced commission rate of $3.

Ultima Markets Demo Account

You can also open a demo account with Ultima. Opening a demo account will take only 30 seconds. This will give you the opportunity to get an idea about the actual platform. As a result, you can make a decision on whether you want to open a live account with Ultima Markets or not.

Ultima Markets Review: Trading Platforms

Ultima Markets offer three types of platform: MetaTrader 4, Ultima Markets App, and WebTrader.

MetaTrader 4

MetaTrader 4, also known as MT4, is a user-friendly platform that lets you trade lots of different assets, like foreign currencies, metals, goods, stock market numbers, and even cryptocurrencies. Ultima Markets makes MT4 even better with special types of trades, which means it works well for both new and experienced traders.

When you use MT4 through Ultima Markets, you get some cool benefits.

First, you can control your risks by deciding how much to trade based on how much risk you’re comfortable with – this is important for safe trading. MT4 also lets you use automated trading robots expert advisors, or follow experienced MT4 traders to create your own trading strategies.

Further, it has customizable charts in over 22 languages to help you understand the market better. You can also use tools to keep an eye on how people feel about the market and stay updated with important news. And, when you trade with Ultima Markets, you know they follow strict rules set by respected authorities. Plus, their support teams are ready to help you 24/5.

Ultima Markets App

The Ultima Markets App is like your trading buddy on your phone. You can create, manage, and check your trading accounts from anywhere. It’s easy to use, and you can trade in various markets, like foreign currencies, shares, metals, and more, with just a few taps.

The app makes it simple to deposit money, withdraw, and choose how to pay, so managing your accounts is easy. You can stay updated on what’s happening in the market with an economic calendar and market analysis. You can also use charts to look at how prices are changing and make smart choices even when you’re on the go.

WebTrader

MT4 WebTrader is like a website that lets you use your MT4 account without downloading anything. You can trade from anywhere, anytime. It has all the features of MT4, so you can see your trading history, open and close trades, set limits, and more.

MT4 WebTrader works on any device with a web browser and doesn’t need downloads. It’s a flexible platform with tools to manage risks and indicators to understand the market. You can trade lots of different things, like cryptocurrencies, foreign currencies, and more, and it’s all safe and secure.

UM Social

Ultima Markets has introduced “UM Social,” a social trading platform that’s all about connecting and boosting the confidence of traders and investors. UM Social acts like an online community where members can share their trading ideas, strategies, and decisions through a social news feed. This bustling social network allows you to follow the trades of experienced traders and your peers, and you can even copy their strategies if you want.

Here are the main features of UM Social:

• Convenient: UM Social keeps you updated in real-time, providing insights from preferred signal sources. This helps you learn from how others approach trading and adjust your own strategies based on what’s happening.
• Simple: The platform makes it easy to manage risk by letting you change your trading orders in real-time as the market changes.
• Rewarding: If you’re confident in your trading skills, you can become a signal provider. This means you can teach your strategies to other people and make money from it through commissions.

UM Social works on most smart devices, so you can easily get into copy trading and switch between your laptop, tablet, or mobile device as you like. This platform makes it easy for traders to come together and share their knowledge and experiences in trading, which is a great way to learn and grow as a trader or investor.

Ultima Markets Review: Deposit and Withdrawal 

Ultima Markets gives you lots of options when it comes to funding or withdrawing your money. You can use your local currency, and they also accept popular payment systems, e-wallets, and cryptocurrency wallets. The best part is there are no extra charges for putting in or taking out your money. You can start by putting in as little as 50 US dollars, and usually, it only takes about an hour for your deposit to go through (but if you use a bank, it might take 2 to 5 days). If you decide to take your money out, the smallest amount you can withdraw is $40. The time it takes to complete the withdrawal can vary from 1 to 5 business days, depending on the method you pick.

Ultima Markets Resources and Tools

Our Ultima Markets broker review finds that they offer useful stuff and tools for traders to help you trade smarter. You can stay in the loop with the most recent financial market news and expert analysis, which can boost your trading knowledge and help you spot new chances to make money. They also provide an Economic Calendar so you can keep an eye on important news and events that can shake up the market.

They have some handy forex calculators, too, like Margin, Profit, and Swap/Interest Calculators. These tools make the trading process easier because they do all the tricky math for you. That way, you can focus on making smart decisions instead of getting stuck in calculations. Ultima Markets’ goal is to give you the resources and tools you need to trade wisely and efficiently.

Ultima Markets Bonus

Ultima Markets offers bonuses to enhance your trading experience. You can get a 50% Deposit Bonus, which can boost your trading with a credit bonus of up to US$10,000. There’s also a 20% Deposit Bonus, rewarding your trading journey with up to US$5,000 in credit. Plus, don’t miss the Trading Competition, where you can compete for a chance to win US$50,000. These bonuses add excitement and potential to your trading adventure.

Final Words

Ultima Markets is a trustworthy option for traders, no matter if you’re a beginner or an experienced pro. They have an easy-to-use platform and a bunch of helpful resources to assist you in your trading journey. Their various payment options, bonuses, and social trading platforms add extra excitement to the mix, making it an appealing place for traders. So, this Ultima Markets review suggests that you give Ultima Markets a try for a rewarding and successful trading experience.