Ultima Markets Review
THT's quick verdict
Ultima Markets suits traders who want low costs, especially on gold: THT trades there and measures gold spreads of 20-23 points. The ECN account from 0.0 pips plus rebates of up to 66% via THT brings costs down further. We deposited and withdrew through a local bank on 25 Oct 2026, and the funds arrived instantly. One thing to know: international clients sign with Ultima Markets (Mauritius) Ltd, licensed by the FSC Mauritius.
Pros & cons
- Real gold spreads of 20-23 points (measured by THT while trading).
- Verified by THT on 25 Oct 2026: local-bank deposits and withdrawals, funds arrived instantly.
- Rebates of up to 66% when you open an account through THT.
- EAs run reliably, and copy trading is allowed.
- MT4, MT5, its own app, 1,000 instruments. WTW insurance of up to $1 million per account.
- International clients trade with Ultima's Mauritius entity, licensed by the FSC Mauritius.
- The broker has an anti-arbitrage clause. If you use latency-arbitrage strategies, read the terms first.
- Leverage of up to 1:2000. Choose a level that fits your capital.
THT Score breakdown
Weighted average of 6 criteria. Same formula for every broker; sponsorship adds no points.
FSC (Mauritius), FSCA (South Africa) and FCA (UK) licenses. International clients sign with the FSC entity. WTW insurance of up to $1 million per account, Financial Commission member.
ECN from 0.0 pips + $5 per lot round turn; real gold spreads of 20-23 points (measured by THT while trading).
THT deposited and withdrew on 25 Oct 2026: funds arrived instantly. Local bank transfers available.
THT's products run well on Ultima. Copy trading, PAMM, rebates of up to 66% via THT.
MT4/MT5, WebTrader, the Ultima app, 1,000 instruments, Trading Central, VPS.
Clients who join through THT get THT support 24/5. Ultima has a Help Centre and web chat.
Licenses & safety
Ultima operates through several legal entities, each holding its own license. International clients sign with Ultima Markets (Mauritius) Ltd. The FCA license applies only to UK clients. Before you deposit, check which entity is named in your client agreement and verify its license number on the regulator's register.
- License no.
- FRN 470325
- Legal entity
- Ultima Markets UK Limited
- License no.
- FSP 52497
- Legal entity
- Ultima Markets (Pty) Ltd
- License no.
- GB 23201593
- Legal entity
- Ultima Markets (Mauritius) Ltd
Only open an account through the official website or the THT link. Type the domain carefully and watch out for sites impersonating Ultima.
Check before you deposit0/4 checked
Account types
- Min. deposit
- $50
- Spread from
- 20 points
- Commission
- $0
- Max. leverage
- 1:2000
- Stop out
- 20%
- Best for
- Everyday trading, no separate commission
- Min. deposit
- $50
- Spread from
- 20 points
- Commission
- $0
- Max. leverage
- 1:2000
- Stop out
- 20%
- Best for
- Testing EAs, small balances (MT5 only)
- Min. deposit
- $50
- Spread from
- 0 points
- Commission
- $5 per lot round turn
- Max. leverage
- 1:2000
- Stop out
- 20%
- Best for
- Scalping, gold, lowest cost
Spreads are the minimums published by Ultima. Cent accounts are MT5 only.
Trading conditions
Deposits & withdrawals
- Withdrawal fee
- Free
- Processing time
- Instant
- Withdrawal fee
- Network fees
- Processing time
- 0-2 business days
Local bank: deposit and withdrawal tested by THT on 25 Oct 2026. Crypto: as published by Ultima, Oct 2026. Intermediary banks may charge their own fees.
Get back up to of the commission when you trade via THT
- 1Open an account via the THT link
- 2Fill in the form so THT can reach you
- 3Trade as usual
- 4Receive rebates on a regular schedule
Rebates are calculated on real trading volume and do not offset trading losses.
Claim your
Leave your details and the THT team will message you within 24 hours by email, WhatsApp or Telegram to help you open an account and start receiving rebates.
The THT team will message you within 24 hours.
Use with THT solutions
EA THT
Copy Trade
Current promotions
- Win or lose, earn rewards based on Inter's match results
- Trade gold on weekends too
- Rewards of up to US$100
- Collect stars as you trade
- US$35,000 prize pool
- Finish in the Top 10 to share a US$40,000 prize pool
Want the best IB terms at Ultima? Talk to THT.
Frequently asked questions
Is Ultima Markets trustworthy?
Ultima has been operating since 2016 and holds FSC (Mauritius), FSCA (South Africa) and FCA (UK) licenses. International clients sign with the FSC Mauritius entity. THT deposited and withdrew on 25 Oct 2026: funds arrived instantly. Even so, verify the license number on the regulator's register before you deposit. That's what disciplined traders do.
What is the minimum deposit?
$50 for every account type: Standard, ECN, Standard Cent and ECN Cent.
Which deposit and withdrawal methods does Ultima offer?
Local bank transfer and crypto. THT tested a local-bank withdrawal: funds arrived instantly.
Does Ultima allow EAs and copy trading?
Yes. Ultima allows EAs and copy trading on MT4 and MT5.
How do I get rebates through THT?
Open an account through the THT link, then send THT your account number using the form on this page. THT activates rebates for that account, and from then on rebates are paid to your account automatically after each trade.
I'm an IB. How can I partner with Ultima through THT?
Message THT on Telegram and we'll discuss terms that fit the size of your client base.
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Ready to open a Ultima account
Open your account via the THT link and get up to 66% of the commission back. Need help with any step? Leave your details or message THT on Telegram.
Risk warning: Trading CFDs, forex and gold carries a high risk of losing money. Rebates do not offset losses. This content is not personalized investment advice.
Information updated Oct 2026 and subject to change. Please check the Ultima website.