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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

Recorded answers

The licence counts below cover only the records included in this summary. Additional source findings are linked separately.

Is Ultima Markets regulated?

FXVeritas records 3 catalog-applicable legal entities for Ultima Markets. 1 of 3 catalog-applicable licences are regulator-verified. Regulatory protection can differ by the entity serving the client.

Which legal entities are recorded for Ultima Markets?

The current FXVeritas file records 3 legal entities. A brand name is not a licence.

  • Ultima Markets (Pty) Ltd
  • Ultima Markets (Mauritius) Ltd
  • Ultima Markets UK Limited

View legal entities

Which regulators are recorded?

The current file records 3 regulator codes: FSCA, FSC_MU, FCA.

How many catalog-applicable licences are verified?

FXVeritas has independently verified 1 of 3 catalog-applicable licences.

View licence evidence

What client-protection evidence is recorded?

Client-protection evidence is not yet recorded in this file. Missing evidence is not a finding that protection is absent.

View client protection evidence

What remains unresolved?

2 recorded licence items remain unresolved in the current file. Unresolved is not a confirmed adverse finding.

View unresolved items

Investigations

FXVeritas editorial research. These notes are independent of external review sites.

Not in file — No investigations published for this broker 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 →