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Costs, platforms and protection first

Ultima Markets

Mauritius · Ultima Markets (Mauritius) Ltd

Costs
ECN: USD5 per lot round trip, minimum 0 pips. Standard: zero commission, minimum 1 pip.
Platforms
Standard/ECN: MT4/MT5. Cent accounts: MT5.
Client protection
Advertises a negative-balance reset, subject to risk assessment, approval and terms.
Sources and applicability

Public documents for the named entity/account. Confirm residence acceptance when applying.

Costs

Japanese-language disclosure names the Mauritius entity as product supplier; it does not establish Japanese authorisation or residence acceptance. MT5 example: 0.01 lot rounds USD0.025 per side to USD0.03, or USD0.06 round trip.

Account comparison — ECN commission per lot / round trip; Mauritius supplier footer ↗ · 2026-09-30
PlatformsAccount comparison — platforms ↗ · 2026-09-29
Client protectionNegative balance protection — conditions ↗ · 2026-09-29

Terms for the named entities. Minimum spreads are not total costs or a cheapest-first ranking.

Ultima Markets

  • Catalog records
Brand overview and official site

Ultima Markets operates through 3 legal entities recorded in the current FXVeritas research file across South Africa, Mauritius, and United Kingdom.

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Official website snapshot
An official website snapshot is not on file for this broker.

Official website snapshot

Research summary

Catalog scope

From catalog-applicable records on file.

A published research file may record further entities and licences beyond this catalog-applicable scope.

Research confidence

Medium

Research completeness/source coverage; not broker safety or suitability.

Licence verification

1 regulator-register confirmed

3 licences recorded

Recorded licence source links

3

Latest source check

Outstanding issues

Researched by FXVeritas Research Desk · Evidence standard: Primary-source verification · Research evidence methodology · Editorial independence · Corrections policy

File section · 02

Regulatory dossier

Licenses are tracked by legal entity, not brand name alone.

Regulator verified means the licence was confirmed on an official register. Unverified means that confirmation is not recorded. A check attempt is not verification.

Records for 3 entities and 3 licences; 1 checked against primary regulator sources.

01

Ultima Markets UK Limited

United KingdomRegistration number —

Source notes
Regulator
FCA
License number
470325
License status
Active
Verification
Matched to regulator records
Last check attempt
4 days ago
Primary evidence
FCA register

02

Ultima Markets (Pty) Ltd

South AfricaRegistration number K2021950694

Source notes
Regulator
FSCA
License number
52497
License status
Unknown
Verification
Unverified
Last check attempt
1 month ago
Primary evidence
Official broker source

03

Ultima Markets (Mauritius) Ltd

MauritiusRegistration number —

Source notes
Regulator
FSC_MU
License number
GB23201593
License status
Unknown
Verification
Unverified
Last check attempt
1 month ago
Primary evidence
Official broker source
Protection coverage and research scope

Protection information is not included for: Ultima Markets UK Limited / Ultima Markets (Pty) Ltd / Ultima Markets (Mauritius) Ltd. This does not establish that protection is absent.

No regulatory event is stored in this file. This does not establish the absence of regulatory issues.

Research extract

Known gaps
FSCA / FSC_MU licence status remains unknownclient protection not in filetrading data not monitored

Research Confidence describes file completeness and evidence coverage. It is not a safety rating or recommendation.

Change-history coverage

No history events in this file yet.

Research changes

These are saved research additions, not dates when a regulator changed a licence. Previous source-check and import records remain in the audit archive.

  1. · Source check

    Ultima Markets · Ultima Markets (Mauritius) Ltd · costs source check

    Primary source ↗Open research file →

  2. · Source check

    Ultima Markets · Ultima Markets (Mauritius) Ltd · platforms source check

    Primary source ↗Open research file →

  3. · Source check

    Ultima Markets · Ultima Markets (Mauritius) Ltd · protection source check

    Primary source ↗Open research file →
View full research history →