Quick facts
| Founded | 2016 · Headquartered in Ebene Cybercity, Mauritius (with UK & South Africa entities) |
| Regulation | FCA (United Kingdom, STP execution licence), FSCA (South Africa), FSC (Mauritius) |
| Minimum deposit | $50 (Standard/ECN, international entity) · $500 (EU entity) |
| Spreads | From ~1.0 pip on Standard (no commission); from 0.0 pips on ECN (plus $5/lot); from 0.0 pips on Pro ECN (plus $3/lot, $20,000 minimum) |
| Leverage | Up to 1:2000 on international entities |
| Platforms | MT4, MT5 |
| Markets | 250+ CFDs · 60+ FX pairs, metals, energy, indices, shares |
| Key strength | The highest leverage ceiling of any broker reviewed here, for traders who want maximum capital efficiency |
| Best for | Best for experienced traders who specifically want very high leverage |
| Official site | https://www.ultimamarkets.com/ |
What we like
- FCA-licensed entity for execution alongside FSCA and FSC Mauritius licences
- Leverage up to 1:2000 — well beyond what most brokers, and all CIRO firms, offer
- Ten-year operating history and sponsorship ties (Inter Milan regional partner)
- First CFD broker to join the UN Global Compact, per the company's own disclosures
What could be better
- MetaTrader only — no proprietary platform or TradingView integration
- The best pricing (Pro ECN) requires a steep $20,000 minimum deposit
Regulation & safety
Ultima Markets (Mauritius) Ltd is authorised by the Financial Services Commission of Mauritius as a Full-Service Investment Dealer, with an affiliated entity holding a Forex Execution (STP) licence from the UK FCA and another regulated by South Africa's FSCA. As with the other offshore brokers here, Ultima Markets is not CIRO-regulated and Canadian clients are not covered by CIPF — the very high leverage on offer (up to 1:2000) is itself a marker of operating outside CIRO's margin rules, which cap major-pair leverage far lower. High leverage magnifies both gains and losses, and traders should size positions conservatively regardless of the ceiling on offer.
Trading costs
The Standard account charges no commission with spreads from around 1.0 pip; the ECN account tightens spreads to 0.0 pips for a $5 per-lot commission; and the Pro ECN account offers the sharpest pricing (0.0 pips, $3 per lot) but requires a $20,000 minimum deposit, putting it out of reach for most retail traders. EU-resident clients are onboarded under a separate entity with a higher $500 minimum and slightly wider spreads.
Platforms & tools
Ultima Markets runs on MetaTrader 4 and MetaTrader 5 only — there's no proprietary web platform or TradingView integration, which is a gap compared with VT Markets, StarTrader or Axi, but MT4/MT5 cover the essentials for most EA, scalping and manual strategies.
Funding & withdrawals
Funding options include bank cards, international wire transfer, and — for clients outside the EU — Bitcoin and USDT, plus regional rails such as UnionPay, Alipay and local bank transfers for several Asian markets. No deposit fees apply; a minimum $40 withdrawal threshold is in place. See our funding methods guide for how this compares across all seven brokers.
Verdict
Ultima Markets earns its place on this list for one clear reason: leverage. If you're an experienced trader who specifically wants to run higher leverage than CIRO or FCA retail limits allow, this is the broker on our list built for that — but size your risk accordingly. It earns 8.5/10 in our 2026 rankings, placing #5 of the seven internationally regulated brokers we cover.