Ultima has been great for me so far. Fastest customer support out of any brokers I tried. Highest leverage cent accounts even with BTC. Good deposit- and other great bonuses. Competitive spread and co... See more
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Welcome to Ultima Markets, the ultimate gateway of trading where your financial journey takes a transformative turn. We are your trusted partner, providing a cutting-edge, multi-asset online CFD trading platform that will reshape the way you trade. With Ultima Markets, you can unlock a world of opportunities and seize your financial future. Join Ultima Markets today and become a part of the ultimate trading ecosystem. Whether you're interested in cryptocurrencies like Bitcoin and Ethereum, leading stocks like Apple and Amazon, or traditional Forex pairs, Ultima Markets has you covered. Your journey to financial success begins here. Start trading with us today! Download the Ultima Markets iOS and Android apps, and experience the future of online trading at your fingertips. Unlock the potential of your investments with Ultima Markets - Your Ultimate Trading Partner.
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Level 2, Suite 201,, 72201, Ebene Cybercity, Mauritius

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I am an IB with Ultima Markets (UID: 1113234). For the first month, withdrawals of my commissions worked fine.
However, after accumulating about $5,600 and requesting withdrawal on 22 April 2026, the request was rejected and the balance was removed from my account.
I have requested a detailed explanation and resolution from the company but have not received a satisfactory response yet.
Sharing this review for awareness and hoping for a fair resolution.

Reply from Ultima Markets
I like there spreads...and they respond to any questions very quickly.

Reply from Ultima Markets
Ultima Markets presents itself as a "trusted global broker" regulated by Mauritius to lure you in, but this is a calculated deception. My experience proves this is a predatory operation that hides behind jurisdictional shell games to steal client funds.
1. The "Entity Hopping" Scam
They market themselves under a Mauritius (FSC) regulated entity to win your trust. However, the moment I took my valid complaint to the FSC Mauritius, the broker immediately hid behind an unregulated SVG (St. Vincent and the Grenadines) entity to have my case dismissed. They essentially told the regulator, "They aren't our responsibility," despite using the Mauritius license to gain my business in the first place. This is a deliberate scam.
2. Arbitrary Profit Confiscation & B-Book Tactics
They operate as a classic B-Book broker, betting directly against their clients. My account was fine while I was in a loss, but the moment I generated $3,000 plus in legitimate profits, they immediately blocked my withdrawal. They conjured up unsubstantiated, bogus claims of "risk-free arbitrage" to justify stealing my gains. They allowed me to withdraw my initial deposit only because the account was in a loss state, but they systematically confiscated every dollar of profit I earned.
3. Total Lack of Transparency
When I challenged their claims of "violations," they failed to provide a shred of evidence. They ignored my requests for proof and failed to provide any audit logs to substantiate their decision. They simply point to vague, non-regulated clauses in their SVG agreement to invalidate successful trades and seize funds at will. They have no interest in a fair trading environment; they are only interested in keeping your profits.
This firm is a scam that does not facilitate honest trading; it facilitates profit theft. They use jurisdictional shell games to evade accountability and ignore requests for evidence when they decide to withhold money. I will be sharing my case with every available channel to ensure no one else falls into this trap.
Do not fall for their marketing. This is a trap. Stay away and protect your capital
Update 4 /May /2026
Do yourself a favor and stay away – total scam
Is that your public reply Ultima Teams?
Ultima Markets is nothing but a trap. They were perfectly happy to take my deposits as long as I was losing money, but the second I actually made a profit, they blocked my withdrawal.
They hit me with these vague, "rule violation" excuses about arbitrage and holding periods, but when I asked for a shred of proof just one log or some actual evidence, they couldn't produce anything. They don't have proof because they’re just making it up to keep the money.
And don't fall for their (we can't find your case) reply here on Trustpilot. That is a straight-up lie. They know exactly who I am and exactly what they did to my account. They just say that so they can move the conversation to private emails where they can ignore you and stall until you get tired and quit. It’s all a tactic to avoid explaining their theft in public.
They hide behind these offshore client agreements (SVG) specifically so they can operate like a B-book casino where they bet against you.
As long as you lose, it's a fair environment, but the moment you win, you’ve violated their terms.
This isn't a broker, it's a scam. They are just trying to bait you in, steal your profits, and hope you go away quietly. Don't deposit with them if you actually want to get your money back.

Reply from Ultima Markets
I can only buy and sell on trading, but I do not know clearly about TP1, TP2, SL, MT, Stop Profit,…

Reply from Ultima Markets
This broker are complete THIEVES!
Mt5 No; 27212812
SCAMMERS! I was trading throughout the week and made losses but managed to do some fundamental analysis and hold trades over the weekend, when those positions became profitable and was looking forward to withdrawing my funds, they denied withdrawal and gave BOGUS claims ( Risk-free arbitrage) and about violating holding my trades over the weekend etc! $21,000 STOLEN in profits and I Was then only allowed to withdraw my initial deposited capital. ( i have all screenshots and proof to provide) . When you’re in profit they will reject withdrawals but when in loss they are fine with it (B-Book broker that trades against their traders) with no fair trading environment for the trader. Stay AWAY from this broker, i have already gone to file a complaint against them at FSC/FC . Better off finding a broker that is fair = STP/A-book broker , which i have traded similarly with and had no issues with withdrawing profits etc. stay away from this scam broker.

Reply from Ultima Markets
While the execution seems to be ok, the commission that they charges is insane.
The advertise commission of about $5 per lot, but they charge whatever amount their partner's request.
I have joined ultima after being referred by an IB. My MT5 account number is 23987164.
I pay an insane $36 commission per lot.
I chatted with support and they said "your account manager will contact me". But never did anyone contact.
This is a big scam broker.

Reply from Ultima Markets
This is the worst broker I have experienced so far. I did a deposit of 500 USD on April 17, opened a trade manually on MT5. Got profits amounting to 300 USD and got withdrawal via crypto. However the next trades I took a made a profit of 430 USD and was denied withdrawal and accused of using "risk free arbitrage" of which I did not. They deducted my balance and left me with 180 USD as my only money I can withdraw. Once you get profitable here, they accuse you of using unlawful trading methods of which they don't happen. I will say they are a big red flag incase you fall for the bonus. It's a trap. Avoid them at all costs.
The denial that comes with Ultima Markets should be studied for real. They claim not to know my account which is absurd because they terminated business support for me.

Reply from Ultima Markets
They are completely useless. They keep sending spam emails. When I ask them to remove me from their newsletter, they tell me to just click “unsubscribe,” but that link doesn’t exist in their emails. I even sent them a screenshot of the email and asked them to show me where to click. They just keep going in circles and ask me to do the same thing again without showing where the supposed link is. According to EU legislation, all newsletters must include an option to unsubscribe. They are not complying with this.

Reply from Ultima Markets
I had a question and rthey take care of it even it was weekend so big thumbs up to the support
Thanks

Reply from Ultima Markets
Colin at ultima markets is always very responsive and helpful! Every message I have sent him hes responded to within a few hours. Best customer service, highly recommend!

Reply from Ultima Markets
Ived created an account with Ultima but ended having a problem with the email notifications and it was shocking how fast the respond via email , it took not long for the customer service to respond and find a way to settle my problems maybe it was a glitch due to the app is just recently publish but i'm hoping a great trading apps for us to use and a trusted one too . So keep up the great work and happy trading everyone .

Reply from Ultima Markets

Reply from Ultima Markets
Thank you ultima for being so great
I was worried as i have read many negative comments here
And i was worried about my funds and my profits that I might be unable to withdraw at some point
But reality is something else
The platform has an amazing low slippage
Has a 24 hours support even today as Saturday
They also higher teams manager so they catch up with members
They have a very fast withdrawal process
Which is something i was worried about but the true is ultima has a fast withdrawal
So please don’t let negativity here make you panic as they have done to me many people has issue cuz they make things they shouldn’t do
Thanks to the platform and to the team for being amazing and patient

Reply from Ultima Markets
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