UltimaMarkets
Ultima Markets is a global Forex and CFD (Contracts for Difference) broker regulated in various jurisdictions, including Cyprus, Mauritius, and St. Vincent and the Grenadines.
The broker offers multiple asset classes for trading, such as bonds, CFDs on stocks, commodities, cryptocurrencies, Forex, indices, and metals through the MetaTrader 4 platform.
What’s great about this broker is that it offers spread-free and commission-free account types that attract both active and passive traders (traders that place orders less frequently). Let’s dive in and learn more about this broker. In this review, we will discuss important topics such as regulations, trading fees, account types, research tools and educational material, and more.
Safety is the most important metric when choosing a broker. Safe brokers guarantee that your funds are well protected, operations are transparent, and your personal data is secured. One of the main indicators of the safety and security of your broker is regulatory compliance. Ultima Markets is authorized and regulated in various jurisdictions, such as Cyprus and Mauritius. In addition, the broker is registered in St. Vincent and the Grenadines.
Ultima Markets Ltd. is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593).
Ultima Markets Ltd. is registered under Saint Vincent and the Grenadines Financial Services Authority (“SVGFSA”) with registration number 26330
Ultima Markets Cyprus Ltd. is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 426/23
The fact that the broker is licensed indicates that it can be trusted. However, it should be mentioned that these regulators are not very strict, which enables the broker to offer 2000:1 leverage. High leverage can be dangerous as it helps increase purchasing power dramatically, as a result, potential returns and potential losses increase. It must be noted that often beginner traders blow up their accounts due to highly leveraged trading positions.
In accordance with regulations, Ultima Markets keeps the deposits made by the traders in segregated bank accounts. Fund segregation increases the level of safety, as even if the broker is liquidated, traders will be able to get their trading capital back.