Company & background
Is Ultima Markets safe & regulated?
Ultima Markets is authorised and regulated by 2 authorities. Regulation determines what client-money protections apply to you, so it is the single most important factor when choosing a broker.
Markets & instruments
The verdict on Ultima Markets
76% of retail CFD accounts lose money with this provider. Capital at risk.
Ultima Markets review — frequently asked questions
Is Ultima Markets regulated?
Yes. Ultima Markets is authorised and regulated by FSC (Mauritius), CIMA (Cayman Islands). Regulation means client funds are held in segregated accounts and retail clients benefit from protections such as negative balance protection.
Is Ultima Markets safe for trading?
Ultima Markets is regulated by FSC (Mauritius) and CIMA (Cayman Islands). However, regulation protects your funds, not your trades: 76% of retail investor accounts lose money trading CFDs with this provider.
Marcus Thorne
Marcus spent eleven years trading FX and index CFDs, first on a proprietary desk and later running his own book, before moving into financial writing. He has opened, funded and blown up more live accounts than he cares to admit, which is exactly why he reads a broker's fine print before he reads its marketing. Marcus tests brokers the way he traded them: he cares about fill quality, the spread you actually get at 15:30 when the number drops, withdrawal friction, and whether the "0.0 pips" on the homepage survives contact with a real ticket. He has no patience for bonuses dressed up as edge and says so plainly.
How we test
Every TradeSpotter review is built from the same standardised data set: regulatory status verified against primary registers, fees and conditions taken from the broker's own published terms, and platform capabilities confirmed feature-by-feature. We do not accept payment to change a rating. Where we can't verify a figure, we leave it out rather than estimate it.
Reviewed by Marcus Thorne, Markets Editor & former FX/CFD trader. Last updated 2026. This page is general information, not financial advice.