What Ultima Markets does

Ultima Markets is a multi-asset CFD broker founded in 2016 and headquartered in Ebene, Mauritius, operating across 170+ countries with more than 1,000 tradeable instruments spanning forex, indices, commodities, shares, precious metals, and cryptocurrencies. The platform is built on MetaTrader 4 and MetaTrader 5, supplemented by a proprietary WebTrader, iOS/Android mobile apps, and a social/copy trading stack (Copy Trading Pro, UM Social, Myfxbook integration, PAMM). Execution infrastructure is anchored at Equinix NY4 with OneZero bridge connectivity to top-tier liquidity providers, supporting advertised sub-20ms execution and ECN pricing from 0.0 pips; client funds are segregated at Westpac Bank with $1M per-account insurance provided by Willis Towers Watson.

The business model is transaction-based: revenue derives primarily from spreads on Standard accounts (from 1.0 pips, zero commission) and per-trade commissions on ECN accounts ($5 per round lot), supplemented by payment-processing economics across localized rails in Asia-Pacific and emerging markets. The customer base is segmented into retail traders (primary), professional ECN traders, and institutional/sponsorship partners — notably FC Internazionale Milano, with whom Ultima Markets holds an Official Regional Partnership announced in October 2025. Regulatory standing rests on an FSC Mauritius Full-Service Investment Dealer license (GB 23201593, 2023) and FCA authorization for the UK subsidiary (reference 470325, 2025), with UK client onboarding planned for 2026; the company is also a member of the UN Global Compact (first CFD broker to join, 2024) and The Financial Commission.

Go-to-market is product-led growth via self-serve online account opening, complemented by IB/affiliate programs, deposit-bonus promotions, and trading competitions; brand awareness is built through digital content (UM Academy, Trading Central-powered analysis, 18+ language sites), social media, industry events, and sports sponsorship. Strategic momentum in 2025-2026 is concentrated on FCA-driven UK entry, the Inter Milan partnership, and thematic CFD expansion (AI Infrastructure, aerospace) layered on top of an established global retail franchise.

Name

Ultima Markets

Legal name

Ultima Markets (Mauritius) Ltd

Website

https://ultimamarkets.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ultima Markets is a Mauritius-headquartered multi-asset CFD broker operating in 170+ countries with 1,000+ instruments on MT4/MT5, serving retail and professional traders globally via spreads, ECN commissions, and copy-trading products.

Ownership category

akta.pro rank

Product category

Multi-Asset CFD Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Retail FX/CFD Broker Trading Venues (FSAFADAD)

akta.pro secondary industries

Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG), Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

Keywords

• CFD trading broker
• Forex trading platform
• Multi-asset trading
• Copy trading services
• Retail trading accounts

Headquarters

HQ city

Ebène

HQ country

Mauritius

HQ region

Africa

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Trading Spreads: The primary revenue stream comes from spreads - the difference between bid and ask prices. Standard accounts earn revenue through wider spreads (starting from 1.0 pips) with no commission charges.
2. Trading Commissions: ECN accounts charge commissions per trade ($5 per round lot for standard lot sizes) while offering tighter spreads (0.0 pips), targeting professional traders who prefer lower spread costs.
3. Payment Processing: Revenue generated through various deposit and withdrawal methods, including wire transfers which may incur intermediary bank fees for overseas transactions.

Pricing tiers

Go-to-market motion2 records

Distribution channels10 records

Marketing channels9 records

Core offering

Ultima Markets is a multi-asset CFD brokerage providing retail and professional traders access to 1,000+ financial instruments across forex, indices, commodities, shares, precious metals, and cryptocurrencies. Trading is delivered through MetaTrader 4 and MetaTrader 5 platforms (with proprietary WebTrader and mobile app front-ends), offering spreads from 0.0 pips, leverage up to 1:2000, sub-20ms execution, AI-driven risk management, copy trading ecosystems (Copy Trading Pro, UM Social), and account structures spanning Standard, ECN, Cent, and Demo tiers.

Product overview

Ultima Markets is a multi-asset CFD trading platform offering access to 1,000+ financial instruments across Forex, Indices, Commodities, Shares, Precious Metals, and Cryptocurrencies. The platform is built around MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the primary trading platforms, supplemented by proprietary interfaces including WebTrader (browser-based MT4) and the Ultima Markets Trading App (iOS/Android). The product ecosystem extends to social and copy trading through Copy Trading Pro, UMSOCIAL, and Myfxbook integration, as well as PAMM account management. Educational and analytical tools include UM Academy, Trading Dictionary, Trading Central (integrated analytics), Economic Calendar, and Trading Calculator. Client protection is provided through Negative Balance Protection, Willis Towers Watson insurance (up to $1M per account), segregated client funds at WESTPAC Bank, and Financial Commission membership. The company operates across multiple regulatory jurisdictions including FSC Mauritius and FCA UK, and supports clients in over 170 countries.

Differentiator

Problem solved

Functional benefit

Brands

• UM Social: Social trading platform offering over 2,000 live strategies and more than 10,000 trading accounts for real-time trade copying and learning.
• Copy Trading Pro
• UM Academy

Products and services

• MetaTrader 4 (MT4) Widely used online trading platform for forex and CFD trading, offering technical indicators, interactive charts, automated Expert Advisors (EAs), and multi-language support across desktop, web, and mobile. Aimed at retail and professional traders seeking a familiar third-party trading environment licensed from MetaQuotes Software.
• MetaTrader 5 (MT5) Multi-asset trading platform supporting Forex, Stocks, CFDs, and Futures, featuring 80+ built-in indicators, 21 timeframes, Depth of Market (DOM), AI-driven risk management, Big Data Analysis, automated EAs, and an integrated economic calendar. Targeted at professional and algorithmic traders requiring cross-asset access.
• WebTrader Browser-based version of MT4 enabling traders to access their accounts directly through any modern web browser without downloading or installing software, supporting EAs, technical indicators, and risk-management tools. Aimed at traders who prefer device-independent, install-free access.
• Ultima Markets Trading App Mobile trading application for iOS and Android providing real-time price quotes, customizable alerts, interactive charts, seamless order placement, biometric authentication, and 24/7 support for trading Forex, CFDs, and commodities. Targeted at active retail traders requiring mobile-first access.
• Copy Trading Pro Copy trading platform enabling users to automatically replicate trades from verified top traders in real time, with customizable stop-loss limits, risk parameters, and 24/7 automated execution. Aimed at less experienced traders seeking signal-driven participation and at experienced traders wanting to monetize strategies.
• UM Social Social trading platform offering over 2,000 live strategies and more than 10,000 trading accounts, facilitating real-time trade copying and peer learning with a focus on transparency, security, and technological advancement. Designed for community-oriented retail traders.
• PAMM (Percentage Allocation Management Module) Pooled fund management system allowing investors to allocate capital to qualified traders or money managers (masters/managers) who earn incentives based on generated profits, with automated onboarding, real-time order management, and customizable reward structures. Aimed at investors who prefer delegated trading and at fund managers seeking capital allocation.
• AI Infrastructure CFDs CFD product line tracking AI-infrastructure companies structured around Nvidia's 5-layer AI compute framework, enabling traders to take leveraged long or short exposure to the underlying stocks. Aimed at active thematic traders looking for exposure to AI-infrastructure equities via CFDs.
• Aerospace Stocks CFDs CFD product line covering next-generation aerospace stocks, allowing traders to take leveraged long or short exposure to listed aerospace companies. Aimed at thematic and sector-focused equity traders using CFDs.

Quantifiable outcome

• Order execution time under 20 milliseconds
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability4 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• FC Internazionale Milano (Inter Milan)flagshipStrategic or Co-development Partner · 1 October 2025Official Regional Partner announced in October 2025. The partnership includes exclusive match access, VIP events, and co-marketing activities. A major VIP hospitality event was held at San Siro stadium in June 2026 celebrating both the company's 10th anniversary and Inter's historic double (21st Serie A title and 10th Coppa Italia).
• United Nations Global CompactflagshipStrategic or Co-development Partner · 1 January 2024First United CFD broker to become a member of the UN Global Compact in 2024, demonstrating commitment to sustainable development, environmental responsibility, social equity, and legal compliance in financial services.
• Willis Towers Watson (WTW)coreStrategic or Co-development PartnerInsurance partnership providing comprehensive fund protection coverage of up to US$1,000,000 per account. WTW is a global insurance brokerage established in 1828 and listed on Nasdaq. This protection applies automatically to all clients at no additional cost.
• Trading CentralcoreTechnology or IntegrationIntegration partnership providing premium analytical tools including Newsletter, Technical Views, Alpha Generation, and News Brief services. Multiple language support available for client access to market insights.
• MyfxbookcoreTechnology or IntegrationPartnership for verified trading performance analytics and social trading features. Allows traders to showcase results, attract followers, and access third-party verified trading data.
• The Financial CommissioncoreStrategic or Co-development PartnerMember of the Financial Commission, an international independent body responsible for resolving disputes in Forex and CFD markets. Provides additional protection with compensation of up to €20,000 per client based on commission judgments.
• EquinixcoreTechnology or IntegrationData center infrastructure partnership using Equinix NY4 in New York for low-latency trading execution. Connected with multiple top-tier liquidity providers via OneZero bridge for competitive pricing.
• MetaQuotes SoftwarecoreTechnology or IntegrationLicensed provider of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, the industry-standard platforms for forex and CFD trading worldwide.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Pepperstone: Multi-regulated CFD/Forex broker (ASIC, FCA, CySEC, DFSA, SCB) offering MT4/MT5, cTrader, and TradingView with tight spreads and ECN execution. Directly comparable on product breadth, multi-jurisdictional regulation, and retail-professional segmentation.
• XM (Trading Point): Large multi-regulated retail CFD broker with MT4/MT5, copy-trading, and bonus-driven acquisition across 190+ jurisdictions. Highly comparable to Ultima on client base, platform stack, and bonus-led GTM.
• IC Markets: Australia-origin multi-asset CFD broker with ECN-style execution on MT4/MT5, cTrader, and TradingView, serving retail and professional traders globally. Closely comparable to Ultima Markets on platform stack, pricing model, and retail-CFD client mix.
• Axi (AxiCorp): Multi-regulated CFD broker (ASIC, FCA, CySEC, DFSA) with MT4, MT5, and Psyquation analytics. Comparable to Ultima on platform stack, instrument breadth, and tier-1 regulator expansion trajectory.
• Exness: Offshore-domiciled multi-asset CFD broker with deep retail focus, MT4/MT5, and aggressive leverage offerings. Comparable to Ultima on retail skew, leverage positioning, and emerging-market geographic mix.
• Tickmill: FCA-, CySEC-, and FSCA-regulated ECN-focused CFD broker with MT4/MT5 and tight-spread execution. Comparable to Ultima on ECN account structure, regulatory layering, and professional-trader targeting.
• HFM (HF Markets): Multi-regulated retail CFD broker (CySEC, FCA, FSCA, DFSA) with MT4/MT5, copy trading, and bonus-led acquisition. Comparable to Ultima on retail orientation, bonus-driven GTM, and emerging-market penetration.
• Vantage (Vantage FX): Multi-regulated CFD broker (ASIC, FCA, CySEC, FSCA) with MT4/MT5, copy trading, and ECN pricing. Comparable on platform stack, instrument breadth, and tier-1 regulator build-out strategy.

Others

• MetaQuotes Software: Vendor of MetaTrader 4/5 platforms that Ultima Markets licenses as its core trading infrastructure. Included as an ecosystem enabler — a strategic dependency for Ultima and a meaningful counterpart in any technology roadmap discussion.

Emerging players

• Deriv: Offshore-domiciled (Bermuda, Vanuatu) multi-asset broker with proprietary DTrader/DBot platforms and synthetic indices. Adjacent peer given shared offshore retail orientation and CFD-led product, though it owns its trading platform rather than licensing MetaTrader.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/UltimaMarkets
• YouTubeyoutube.com/@ultima_markets
• Facebookfacebook.com/ultima.markets
• LinkedInlinkedin.com/company/ultima-markets
• Instagraminstagram.com/ultima_markets

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ultima Markets