Forex and CFD broker

Ultima Markets

Website: ultimamarkets.com (opens in a new tab) Regulatory status: Verified licence Profile updated

Ultima Markets is a forex and CFD brand. Its international site ultimamarkets.com is run by Ultima Markets (Mauritius) Ltd, formerly Ultima Markets Ltd, an investment dealer licensed by the Financial Services Commission of Mauritius and the counterparty in its client agreement. A South African financial services provider, Ultima Markets (Pty) Ltd, acts as intermediary for the Mauritius company, an Estonian company provides payment services, and an FCA-authorised UK company, formerly Tiger Brokers (UK) Ltd, came under the group’s ownership in July 2025 and had not yet begun serving clients. Until mid 2026 the site also carried the documents of Ultima Markets Ltd of St Vincent and the Grenadines, and the brand’s former Cyprus company, licensed by CySEC, now trades as Huaprime.

Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works

Verified licences

Regulator Licence Legal entity Register status Source
Financial Sector Conduct Authority (FSCA) FSP 52497 Ultima Markets (Pty) Ltd Authorised Checked 26 Oct 2026 Register entry for Ultima Markets (Pty) Ltd (opens in a new tab) 2
Financial Conduct Authority (FCA) 470325 Ultima Markets UK Limited Authorised Checked 26 Oct 2026 Register entry for Ultima Markets UK Limited (opens in a new tab) 3

Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.

Assessment summary

Ultima Markets’ South African and UK licences match their regulators’ records; we could not check the Mauritius licence of the company that serves international clients, and the UK company had not yet begun serving clients. The Mauritius company’s June 2026 client agreement puts client money in a segregated account only when the law requires, treats payments for trading as not client money and credits negative balances only at its discretion, while the website says client funds are segregated at Westpac and that negative balances are reset automatically. No compensation scheme applies. The site says every account is insured for up to US$1,000,000 through Willis Towers Watson, but the certificate it publishes caps the insurer’s payments at US$1,000,000 for all claimants together, after US$20,000 per claimant. Its fund safety page still claimed a CySEC licence in April 2026 that the register shows under Huaprime EU Ltd, the renamed former Cyprus company. Clients can take disputes to the Financial Commission. The Estonian register names Chang Nim Hing and He Chuan as indirect beneficial owners of a company wholly owned by the Mauritius company, and the UK company’s accounts name UM Global Holding Limited of the British Virgin Islands as the group’s owner. Hong Kong’s SFC listed ultimamarkets.com and its apps as suspicious in September 2026, saying deposits went to bank accounts unconnected with the company, and regulators in Alberta and Malaysia also warn against Ultima Markets.

Key positives

  • Clients can tell which regulated entity serves them 151112

    The client agreement and footer say Ultima Markets is a trading name of the Mauritius company, which is the counterparty, and the footer explains that the South African company only intermediates for it and that the Estonian company provides payment services. The key facts summary still uses the Mauritius company’s former name.

  • Ultimate ownership can be identified 41415

    The Estonian register names Chang Nim Hing and He Chuan as beneficial owners, through indirect ownership, of Ultima Markets EU OÜ, which is wholly owned by Ultima Markets Ltd (196021 GBC), and the UK company’s accounts call UM Global Holding Limited of the British Virgin Islands the ultimate owner of the group. The register describes its beneficial owner data as informative, and Ultima Markets itself names no owners.

  • Authorisations are current and unrestricted 234

    The two licences we could check are current, with no suspension or restriction shown; the UK company’s accounts say its trading was halted after its sale, not by the regulator.

  • Independent dispute resolution is available 51320

    Clients can take unresolved disputes to the Financial Commission, which lists Ultima Markets as an active member since 4 March 2024, although the agreement itself names no dispute body.

  • Withdrawal terms are disclosed 1222

    The deposits and withdrawals page gives the methods, limits, processing times of 0 to 2 working days and the USD 20 fee on wire withdrawals after the first each month, and the key facts summary says Ultima Markets charges no deposit or withdrawal fees itself.

Key concerns

  • Hong Kong’s SFC lists ultimamarkets.com and its apps as suspicious 21

    Reduced the enforcement dimension by 2 points (low severity, 0.1 years before the review).

  • Listed on the Alberta Securities Commission’s Investment Caution List 23

    Reduced the enforcement dimension by 2 points (low severity, 1.7 years before the review).

  • Listed on the Securities Commission Malaysia Investor Alert List 24

    Reduced the enforcement dimension by 2 points (low severity, 2.8 years before the review).

  • Regulatory claims on the website are accurate 23678910

    Not met In April 2026 the fund safety page still called Ultima Markets a member of CySEC under licence 426/23, which the register now shows under Huaprime EU Ltd, the renamed former Cyprus company, with only huaprime.eu as its approved domain; the press reported the change in October 2024. In March 2026 the St Vincent key facts summary described a company registration as authorisation by the SVG Financial Services Authority. The FSCA and FCA licences listed in the footer match the registers; we could not confirm the Mauritius licence.

  • Client money segregation is disclosed 51617

    Not met The June 2026 agreement puts client money in a segregated account only when the law requires, lets segregated money be used for dealings with counterparties and passed to execution providers, and says payments for orders, margin and deposits are not client money. The 2022 risk notice and the about page say client funds are held in segregated accounts, but the agreement is the binding term.

Breakdown by dimension

Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.

Regulatory status and licence verification 26% of score 69 out of 100

Whether the firm’s licences exist, are current and cover what it offers.

  • Partly met

    Client-facing entities appear on the regulator’s register 123

    We matched Ultima Markets (Pty) Ltd on the FSCA’s register (FSP 52497) and the UK company on the FCA’s list (FRN 470325). We could not check the Mauritius licence of the company that serves international clients.

  • Met

    Authorisations are current and unrestricted 234

    The two licences we could check are current, with no suspension or restriction shown; the UK company’s accounts say its trading was halted after its sale, not by the regulator.

  • Partly met

    Permissions cover the services offered 125

    The FSCA approves the South African company for intermediary services in derivatives, matching the intermediary role the website describes, but we could not see the permissions of the Mauritius company that deals with clients as principal.

  • Not met

    Regulatory claims on the website are accurate 23678910

    In April 2026 the fund safety page still called Ultima Markets a member of CySEC under licence 426/23, which the register now shows under Huaprime EU Ltd, the renamed former Cyprus company, with only huaprime.eu as its approved domain; the press reported the change in October 2024. In March 2026 the St Vincent key facts summary described a company registration as authorisation by the SVG Financial Services Authority. The FSCA and FCA licences listed in the footer match the registers; we could not confirm the Mauritius licence.

  • Met

    Clients can tell which regulated entity serves them 151112

    The client agreement and footer say Ultima Markets is a trading name of the Mauritius company, which is the counterparty, and the footer explains that the South African company only intermediates for it and that the Estonian company provides payment services. The key facts summary still uses the Mauritius company’s former name.

Criteria and their weighting are explained in the methodology.

Corporate transparency and ownership 13% of score 83 out of 100

Whether you can find out who owns and runs the firm.

  • Partly met

    Legal entity details are published 121314

    The footer gives names, licence numbers and addresses for the Mauritius, UK, Estonian and South African companies, but no company number for the Mauritius company, and different pages give the South African company three addresses.

  • Met

    Ultimate ownership can be identified 41415

    The Estonian register names Chang Nim Hing and He Chuan as beneficial owners, through indirect ownership, of Ultima Markets EU OÜ, which is wholly owned by Ultima Markets Ltd (196021 GBC), and the UK company’s accounts call UM Global Holding Limited of the British Virgin Islands the ultimate owner of the group. The register describes its beneficial owner data as informative, and Ultima Markets itself names no owners.

  • Partly met

    Group structure is explained 1414

    The website explains the roles of the Mauritius, South African and Estonian companies within what it calls the Ultima Markets Group, but not how they are owned; the parent, UM Global Holding Limited, appears only in the UK company’s filings.

  • Partly met

    Directors or senior managers are identified 21415

    Companies House names the UK company’s director, Mark Goater, the Estonian register the payment company’s board member, Wu Feixiao, and the FSCA the South African company’s compliance officer, but we found no directors named for the Mauritius company that serves clients.

  • Partly met

    Financial statements are available 411

    The UK company files accounts audited by RSM, most recently for 2025, but it is not yet serving Ultima Markets clients. We found no financial statements for the Mauritius company.

Criteria and their weighting are explained in the methodology.

Client fund protections and disclosed safeguards 13% of score 38 out of 100

What protects client money if something goes wrong.

  • Not met

    Client money segregation is disclosed 51617

    The June 2026 agreement puts client money in a segregated account only when the law requires, lets segregated money be used for dealings with counterparties and passed to execution providers, and says payments for orders, margin and deposits are not client money. The 2022 risk notice and the about page say client funds are held in segregated accounts, but the agreement is the binding term.

  • Partly met

    Retail clients have negative balance protection 518

    The website says negative balances are reset to zero automatically for all clients, subject to risk assessment and approval, but the agreement lets Ultima Markets credit a negative balance only at its discretion, for private clients, and excludes abnormal market conditions, exceptional volatility and force majeure.

  • Not met

    An investor compensation scheme applies 51920

    No investor compensation scheme covers clients of the Mauritius company. The Financial Commission’s fund only pays unpaid Financial Commission awards, and the WTW policy is insolvency insurance, not a compensation scheme.

  • Partly met

    Banking and custody arrangements are disclosed 1621

    The about page says client funds are kept at Westpac. We could not check this, and the SFC says deposits made through Ultima Markets’ apps went to bank accounts with no apparent connection with the company.

  • Met

    Withdrawal terms are disclosed 1222

    The deposits and withdrawals page gives the methods, limits, processing times of 0 to 2 working days and the USD 20 fee on wire withdrawals after the first each month, and the key facts summary says Ultima Markets charges no deposit or withdrawal fees itself.

Criteria and their weighting are explained in the methodology.

Enforcement and substantiated adverse findings 13% of score 94 out of 100

Regulator warnings, enforcement actions and final legal findings on record.

Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 6 points.

  • Met

    Warning lists and enforcement records have been searched 21232425

    We searched CySEC, FCA, CVM, CNMV, AMF, SFC and Alberta records and the Indian, Malaysian and Japanese lists, and ran web searches. We found the SFC, Alberta and Malaysian entries.

  • Regulator warning

    Hong Kong’s SFC lists ultimamarkets.com and its apps as suspicious 21

    25 Sept 2026. Reduced the enforcement dimension by 2 points (low severity, 0.1 years before the review).

  • Regulator warning

    Listed on the Alberta Securities Commission’s Investment Caution List 23

    27 Jan 2025. Reduced the enforcement dimension by 2 points (low severity, 1.7 years before the review).

  • Regulator warning

    Listed on the Securities Commission Malaysia Investor Alert List 24

    1 Jan 2024. Reduced the enforcement dimension by 2 points (low severity, 2.8 years before the review).

Criteria and their weighting are explained in the methodology.

Complaint handling and documented resolutions 8% of score 65 out of 100

How the firm handles complaints, and what independent records show.

  • Partly met

    A complaints procedure is published 5111213

    The dispute resolution page gives an email address and the information to include but no response times; the key facts summary points to a complaints handling policy that the legal page does not list, and the agreement’s dispute clause refers to a missing document.

  • Met

    Independent dispute resolution is available 51320

    Clients can take unresolved disputes to the Financial Commission, which lists Ultima Markets as an active member since 4 March 2024, although the agreement itself names no dispute body.

  • Not determined

    Independent complaint outcomes show no adverse pattern 25

    We found no published ombudsman or dispute-body decisions about the Ultima Markets companies.

  • Not met

    Complaint data is disclosed 1113

    We found no complaint statistics published by Ultima Markets or by a regulator or ombudsman for its companies.

Criteria and their weighting are explained in the methodology.

Trading terms and operational transparency 8% of score 84 out of 100

Whether costs, execution and risks are disclosed before you sign up.

  • Partly met

    Costs are disclosed before account opening 5122226

    Ultima Markets publishes minimum spreads, the ECN commission, share CFD and swap-free fees and withdrawal fees, and the agreement charges no conversion fee, but we found no swap rates or inactivity terms.

  • Partly met

    An order execution policy is published 1127

    The best execution policy explains the execution factors and a conflicts policy is published, but neither names the liquidity providers, and the policy says one of them shares shareholders with Ultima Markets without naming it.

  • Met

    The client agreement is available before sign-up 511

    The client agreement and related terms can be read without an account; we read them from archived copies because the site refuses automated requests.

  • Partly met

    Leverage and margin terms are disclosed 526

    The account pages give maximum leverage of 2000:1 and the agreement a 50% close-out level, but the agreement sets the margin call at 80% in one clause and below 100% in another.

  • Met

    Risk warnings are clear and current 117

    Every page carries a risk warning that losses may exceed the initial investment, and the FSC Mauritius does not require the share of losing accounts.

Criteria and their weighting are explained in the methodology.

Public disclosures and communication 4% of score 45 out of 100

Whether public claims hold up and the firm communicates openly.

  • Not met

    Marketing claims are accurate and attributable 7816192829

    The site says every account is insured for up to US$1,000,000, but the certificate caps the insurer’s payments at US$1,000,000 for all claimants together after a US$20,000 retention per claimant; it calls the Financial Commission’s fund an insurance policy; and in April 2026 it still claimed a CySEC licence held by the renamed Huaprime EU Ltd. Its UN Global Compact participation is confirmed, but not that it was the first CFD broker to join, and its awards are attributed to named organisers.

  • Partly met

    An address and working contact channels are published 121330

    Ultima Markets publishes an email address, live chat and Telegram but no telephone number, and the Mauritius registered address appears only in the footer. Its pages give the South African company three different addresses, of which only one matches the FSCA register.

  • Partly met

    Material changes are communicated 581112

    Documents are versioned and the agreement binds clients to changes 10 days after notice or on their next order, but we found no notice when the St Vincent company’s documents were withdrawn or when the Cyprus company left the brand, and the key facts summary dates from 2022.

Criteria and their weighting are explained in the methodology.

On-site office verification 5% of score 0 out of 100

What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.

We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.

  • Not met

    Real office at the stated address, not a ghost address

  • Not met

    Office of the assessed entity

  • Not met

    Staffed and operating

Criteria and their weighting are explained in the methodology.

On-site assessment and platform testing 10% of score Not assessed: no on-site assessment yet

What our on-site checks and 30-day platform testing found.

We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.

  • Not determined

    Company identity

  • Not determined

    Regulatory claims

  • Not determined

    Office visit

  • Not determined

    Account opening

  • Not determined

    Platform usability

  • Not determined

    Costs and disclosures

  • Not determined

    Customer support

  • Not determined

    Deposits and withdrawals

  • Not determined

    Trading functions

  • Not determined

    Complaints process

Criteria and their weighting are explained in the methodology.

Regulation and legal entities

A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.

Ultima Markets (Mauritius) Ltd

Client-facing entity · Incorporated in Mauritius · Company number 196021 GBC · International clients of ultimamarkets.com; the counterparty in the client agreement and the product provider for South African clients

Financial Services Commission, Mauritius (FSC) · Reference GB 23201593 1

Investment dealer (full-service dealer, excluding underwriting), as stated by Ultima Markets

Stated by Ultima Markets. The FSC Mauritius website and register put automated requests through a bot check, so we did not read them.

Claimed by the firm, not yet verified

Ultima Markets (Pty) Ltd

Client-facing entity · Incorporated in South Africa · Company number 2021/950694/07 · Intermediary between South African clients and the Mauritius company, which issues the products; it does not act as principal or counterparty

Financial Sector Conduct Authority (FSCA) · Reference FSP 52497 2

Category I: intermediary services in derivative instruments

Authorised since 14 December 2022. The approval covers intermediary services in derivatives, matching the role the website describes.

Check the register entry yourself (opens in a new tab)

Authorised Verified on register, 26 Oct 2026

Ultima Markets UK Limited

Affiliate · Incorporated in United Kingdom · Company number 06249714 · FCA-authorised matched principal broker whose operations were halted after its sale; Ultima Markets says it expects to onboard UK clients in 2026

Financial Conduct Authority (FCA) · Reference 470325 3

Check the register entry yourself (opens in a new tab)

Authorised Verified on register, 26 Oct 2026

Ultima Markets EU OÜ

Other · Incorporated in Estonia · Company number 17134727 · Provides payment and other services to the licensed Ultima Markets companies and offers no trading services, according to the website

No licence recorded for this entity.

Ultima Markets Ltd

Other · Incorporated in St. Vincent & Grenadines · Company number 26330 · Former international company: its client documents, dated July 2025, were on the legal page until at least May 2026 and had been removed by August 2026

No licence recorded for this entity.

Huaprime EU Ltd

Other · Incorporated in Cyprus · Company number HE 423188 · Ultima Markets’ former EU company, named Ultima Markets Cyprus Limited until it became Huaprime EU Ltd; it now trades under the separate Huaprime name

No licence recorded for this entity.

UM Global Holding Limited

Holding or parent company · Incorporated in British Virgin Islands · Parent of the UK company and, according to its accounts, the ultimate owner of the Ultima Markets group

No licence recorded for this entity.

Dated findings

Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.

Regulator warning Active

Hong Kong’s SFC lists ultimamarkets.com and its apps as suspicious 21

· Securities and Futures Commission (Hong Kong) · Hong Kong SAR China · Last checked 26 Oct 2026

On 25 September 2026 the Securities and Futures Commission added www.ultimamarkets.com, Ultima Markets (Mauritius) Ltd and the mobile applications Ultima Markets-Global Trading and Ultima Markets to its Alert List as suspicious websites. It said investors’ funds deposited through the applications went directly into bank accounts with no apparent connection with the company, whose holders claimed no knowledge of it, and that the company is not licensed by the SFC. The entry names Ultima Markets’ own domain, address and apps, so we record it as a warning about the firm rather than a clone warning.

Regulator warning Active

Listed on the Alberta Securities Commission’s Investment Caution List 23

· Alberta Securities Commission · Canada · Last checked 26 Oct 2026

On 27 January 2025 the Alberta Securities Commission added Ultima Markets, associated with ultimamarkets.com, to its Investment Caution List, saying it is not registered to trade in or advise on securities or derivatives in Alberta. The entry was still on the list when we checked on 26 October 2026.

Regulator warning Active

Listed on the Securities Commission Malaysia Investor Alert List 24

· Securities Commission Malaysia · Malaysia · Last checked 26 Oct 2026

The Securities Commission Malaysia’s Investor Alert List includes “Ultima Markets” (www.ultimamarkets.com and its Android and iOS apps) for carrying on unlicensed capital market activities of dealing in securities. The list records the entry under the year 2024 without a specific date; we use 1 January 2024. The entry was on the list we downloaded on 4 October 2026.

Company response

Firms can respond to their profile and to any finding. No response has been published for Ultima Markets. How firms can respond.

Assessment history

Review date Result Methodology Status
26 Oct 2026 Trust score 66 out of 100 Sound 1.2 Current

Corrections and updates

No corrections have been made to this profile.

Sources

  1. 1
    Ultima Markets homepage (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 30 September 2026, of www.ultimamarkets.com. It advertises leverage of up to 1:2000, says Ultima Markets is “regulated in multiple jurisdictions”, is a member of the Financial Commission, and that “all clients of Ultima Markets are protected under insurance coverage provided by Willis Towers Watson (WTW)” with claims of up to US$1,000,000. The footer calls Ultima Markets a trading name shared by several companies and names Ultima Markets UK Limited (FCA 470325, 1 Blossom Yard, London), Ultima Markets (Mauritius) Ltd (FSC Mauritius licence GB 23201593, full-service investment dealer excluding underwriting, 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene), Ultima Markets EU OÜ (Estonia, registry code 17134727, payment services, no trading) and Ultima Markets (Pty) Ltd (FSCA FSP 52497, Norwich Place West, Sandown, Sandton), which it says acts only as intermediary between clients and the Mauritius company. A UK notice says the international companies are not licensed by the FCA. The risk warning says losses may exceed the initial investment and gives no share of losing accounts. Ultima Markets’ own site refused our automated requests with a Cloudflare check, so we read the copy kept by the Internet Archive.

  2. 2
    FSCA register of financial services providers: Ultima Markets (Pty) Ltd (opens in a new tab)

    Financial Sector Conduct Authority Regulator record Checked 26 Oct 2026 South Africa

    The FSCA’s FSP search lists ULTIMA MARKETS (PTY) LTD, a private company registered as 2021/950694/07, as an authorised financial services provider under number 52497 since 14 December 2022, at Norwich Place West, 2nd Floor, Sandown, Sandton, approved under Category I for intermediary services in derivative instruments (and for advice and intermediary services in deposits). It names Mrs B van Staden as contact person and Mr AJN Carstens as compliance officer, and shows no representatives or key individuals.

  3. 3
    Financial Services Register: investment firms list (CSV), data as at 3 October 2026 (opens in a new tab)

    Financial Conduct Authority Regulator record Checked 26 Oct 2026 United Kingdom

    Shows Ultima Markets UK Limited (FRN 470325, LEI 2138006AC39JYSSWOJ89), first authorised on 16 October 2007, with status Authorised.

  4. 4
    Ultima Markets UK Limited: audited accounts for the year to 31 December 2025 (opens in a new tab)

    Companies House Official filing Published 25 Apr 2026 Checked 26 Oct 2026 United Kingdom

    Filed on 25 April 2026 and audited by RSM UK Audit LLP; the filed PDF is a scan, read with text recognition. The company is an FCA matched principal broker in foreign exchange and commodity instruments whose operations were halted after a share purchase agreement of 7 November 2024, completed on 15 July 2025; capital injections from its parent are meant to let it resume trading in mid 2026. It made a loss of £1,114,044 on no turnover. The strategic report calls UM Global Holding Limited, incorporated in the British Virgin Islands, the ultimate owner of the group, and the notes name it as immediate parent and as the group that prepares consolidated accounts, at Jayla Place, 2nd Floor, Road Town, Tortola.

  5. 5
    Ultima Markets (Mauritius) Ltd client agreement, June 2026 (archived copy) (opens in a new tab)

    Ultima Markets (Mauritius) Ltd Company document Published 1 Jun 2026 Checked 26 Oct 2026 Mauritius

    An archived copy, taken on 11 October 2026, of the agreement of Ultima Markets (Mauritius) Ltd, licensed by the FSC as an investment dealer (licence GB 23201593), version June 2026, governed by Mauritius law. Client money goes into accounts Ultima Markets nominates and into a segregated client account only when the law requires; segregated money may be mixed with other clients’ money, used to settle dealings with counterparties and passed to third-party execution providers, and payments for orders, margin or deposits are “not client money” but buy reciprocal obligations. A margin call is triggered at 80% of required margin and positions are closed out at 50% (the negative balance clause gives 100% and 50%). A negative balance caused by a market gap may be credited at Ultima Markets’ discretion, for private clients only, but not in abnormal market conditions, exceptional volatility or force majeure, and after set-off against the client’s other accounts. No fee is charged on currency conversions. Amendments bind clients 10 days after notice or on their next order. The dispute clause refers to a missing document (“Please refer to for further information”) and names no dispute body. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive; the month is given, so we use 1 June 2026.

  6. 6
    Ultima Markets Ltd (St Vincent and the Grenadines) key facts summary, July 2025 (archived copy) (opens in a new tab)

    Ultima Markets Ltd Company document Published 1 Jul 2025 Checked 26 Oct 2026 St. Vincent & Grenadines

    An archived copy, taken on 17 March 2026, of the key facts summary then listed on the legal page for Ultima Markets Ltd, which it describes as “registered and authorised by the Saint Vincent and the Grenadines Financial Services Authority” under registration number 26330. The SVG FSA registers companies; we found no licence for this company. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  7. 7
    Ultima Markets: fund safety (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 2 April 2026. It says Financial Commission membership protects all clients with a compensation fund that “acts as an insurance policy”, of up to EUR 20,000 per client, that WTW insurance covers claims of up to US$1,000,000 per account, and that Ultima Markets is a member of the FSC of Mauritius (licence GB 23201593) and of the Cyprus Securities and Exchange Commission (licence 426/23). Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  8. 8
    CySEC register of Cyprus investment firms: Huaprime EU Ltd (ex Ultima Markets Cyprus Limited) (opens in a new tab)

    Cyprus Securities and Exchange Commission Regulator record Checked 26 Oct 2026 Cyprus

    Lists licence 426/23, granted on 13 March 2023, under the name Huaprime EU Ltd (company HE 423188), at Georgiou Griva Digeni 122A, Kallinicos Court, Limassol, with the email compliance@huaprime.eu and www.huaprime.eu as its only approved domain, for reception and transmission and execution of orders. CySEC’s index records the former name Ultima Markets Cyprus Limited.

  9. 9
    Cyprus Registrar of Companies: HUAPRIME EU LTD, HE 423188 (opens in a new tab)

    Department of Registrar of Companies and Intellectual Property, Cyprus Official filing Checked 26 Oct 2026 Cyprus

    The registry lists HE 423188 as a registered company whose current name is HUAPRIME EU LTD and whose previous name is ULTIMA MARKETS CYPRUS LIMITED. Its free search does not show officers or shareholders.

  10. 10
    Report on the change of Ultima Markets’ CySEC licence record (Vietnamese) (opens in a new tab)

    FastBull BrokersView Secondary reporting Published 30 Oct 2024 Checked 26 Oct 2026

    Reports on 30 October 2024 that the Ultima Markets Cyprus site had become unreachable and that CySEC’s record for the licence already showed the name Huaprime EU Ltd and the domain huaprime.eu, without a public announcement by the company.

  11. 11
    Ultima Markets: legal documentation (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 16 October 2026. It says the documents that apply are made clear during the application and links the AML policy and the best execution policy, client agreement, conflicts of interest policy, key facts summary, privacy policy and risk warning notice of the Mauritius company. It lists no complaints policy. Copies of the page taken on 16 March and 1 May 2026 also listed a second set of documents, those of Ultima Markets Ltd of St Vincent and the Grenadines; the copy of 27 August 2026 no longer does. Ultima Markets’ own site refused our automated requests, so we read the copies kept by the Internet Archive.

  12. 12
    Ultima Markets Ltd key facts summary, October 2022 (archived copy) (opens in a new tab)

    Ultima Markets (Mauritius) Ltd Company document Published 1 Oct 2022 Checked 26 Oct 2026 Mauritius

    An archived copy, taken on 17 March 2026, of the key facts summary still published for the Mauritius company under its former name Ultima Markets Ltd (FSC licence GB 23201593). It describes execution-only services, says Ultima Markets charges no deposit or withdrawal fees though banks may, sets out swap-free administration fees and share CFD transaction fees (USD 6 per US share trade, the greater of HKD 50 or 0.25% for Hong Kong shares, 0.08% with an AUD 8 minimum for Australian shares), says introducers may be paid, and refers complaints to the support team and a complaints handling policy on the website. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  13. 13
    Ultima Markets: dispute resolution (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 27 August 2026. Clients who are dissatisfied should write to info@ultimamarkets.com with their name, account number, a summary and supporting documents; unresolved disputes can be filed with the Financial Commission, whose compensation fund covers its judgements up to EUR 20,000 per client. No response times are given. The footer gives the South African company two addresses, 18 Cavendish Road, Claremont, and 183 Albion Springs, Rondebosch, Cape Town. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  14. 14
    Estonian e-Business Register: Ultima Markets EU OÜ (17134727) (opens in a new tab)

    Centre of Registers and Information Systems (Estonia) Official filing Checked 26 Oct 2026 Estonia

    A private limited company registered on 16 December 2024, formerly Alphatick International Holding Ltd OÜ, at Seebi tn 1-1501, Tallinn, with capital of EUR 1,000 and an activity of other auxiliary financial services; its 2025 annual report shows no revenue. Its sole shareholder since 11 September 2025 is Ultima Markets Ltd (196021 GBC), and Wu Feixiao has been its management board member since 18 December 2025. The register lists Chang Nim Hing and He Chuan as beneficial owners through indirect ownership, with dates of 31 December 2025 and 7 August 2025, and says beneficial owner data are informative.

  15. 15
    Companies House: ULTIMA MARKETS UK LIMITED (06249714) (opens in a new tab)

    Companies House Official filing Checked 26 Oct 2026 United Kingdom

    Incorporated on 16 May 2007 as Panoramic Investment Management Limited, then Electronic and Voice Foreign Exchange Limited (2012 to 2022) and Tiger Brokers (UK) Ltd (2 September 2022 to 21 July 2025); registered office 1 Blossom Yard, Fourth Floor, London E1 6RS. Director: Mark Allan Goater (since August 2018); secretary Reed Smith Corporate Services Limited. Since 16 July 2025 UM Global Holding Limited, a British Virgin Islands company, has been registered as holding 75% or more of the shares and votes, replacing Tiger Brokers (UK) Holding Ltd.

  16. 16
    Ultima Markets: about us (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 16 October 2026. It says Ultima Markets was established in 2016, has served clients in 172 countries and regions, is the first CFD broker to join the United Nations Global Compact, offers leverage of up to 1:2000 and keeps clients’ funds “at WESTPAC Bank, one of the largest banks in Australia, completely segregated from the Ultima Markets’ own funds”, and repeats the WTW cover of up to US$1,000,000 per account. It lists 2024 awards with their organisers. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  17. 17
    Ultima Markets Ltd risk disclosure notice, July 2022 (archived copy) (opens in a new tab)

    Ultima Markets (Mauritius) Ltd Company document Published 1 Jul 2022 Checked 26 Oct 2026 Mauritius

    An archived copy, taken on 17 March 2026. It sets out the risks of margin trading and says that, unless otherwise agreed in writing, client funds are held in segregated bank accounts subject to the regulator’s client money rules. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  18. 18
    Ultima Markets: negative balance protection (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 23 January 2026. It says the system automatically detects negative balances and resets them to zero, for all clients at no cost, “subject to risk assessment and approval”, and that Ultima Markets expects to onboard UK clients under FCA regulation in 2026 through a dedicated website. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  19. 19
    Willis Limited evidence of insurance for Ultima Markets Ltd, 1 April 2026 to 31 March 2027 (archived copy) (opens in a new tab)

    Ultima Markets (Mauritius) Ltd Company document Published 1 Apr 2026 Checked 26 Oct 2026

    An archived copy, taken on 1 May 2026, of the evidence of insurance issued by Willis Limited, Lloyd’s brokers, for Ultima Markets Ltd at 2nd Floor, The Catalyst, Ebene (reference B080154736P26). On an insolvency of the insured, the insurer pays the insured, as trustee for claimants, their net loss. The maximum aggregate amount payable for all claimants’ net losses is USD 1,000,000, the maximum for any one claimant is USD 1,000,000, and a retention of USD 20,000 applies to each claimant. Claimants have no direct rights against the insured or the insurer, and the situation covered is business conducted in Mauritius.

  20. 20
    Financial Commission member page: Ultima Markets (opens in a new tab)

    The Financial Commission Company statement Checked 26 Oct 2026

    The Financial Commission, a private dispute resolution organisation, lists Ultima Markets as an active member registered on 4 March 2024.

  21. 21
    SFC Alert List: https://www.ultimamarkets.com/, Ultima Markets (Mauritius) Ltd, mobile applications Ultima Markets-Global Trading and Ultima Markets (opens in a new tab)

    Securities and Futures Commission of Hong Kong Regulator record Published 25 Sept 2026 Checked 26 Oct 2026 Hong Kong SAR China

    Added on 25 September 2026 under suspicious websites, with the address Suite 201, 2nd Floor, The Catalyst, Ebene. The SFC says investors’ funds deposited through the mobile applications went directly into bank accounts with no apparent connection with Ultima Markets (Mauritius) Ltd, whose holders claim to have no knowledge of it, and that the company is not licensed by or registered with the SFC and may not actively market regulated services to the Hong Kong public.

  22. 22
    Ultima Markets: deposits and withdrawals (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 16 October 2026. It lists deposit methods by currency with minimum and maximum amounts, free deposits and processing times from one hour to five working days, and withdrawal methods processed within 0 to 2 working days. The first international wire withdrawal each month is free and later ones cost USD 20; intermediary banks may charge fees. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  23. 23
    Alberta Securities Commission Investment Caution List: Ultima Markets (opens in a new tab)

    Alberta Securities Commission Regulator record Published 27 Jan 2025 Checked 26 Oct 2026 Canada

    Added on 27 January 2025. The ASC says ultimamarkets.com is associated with Ultima Markets, which is not registered to trade in or advise on securities or derivatives in Alberta, and recommends that investors not deal with it.

  24. 24
    Investor Alert List (opens in a new tab)

    Securities Commission Malaysia Regulator record Checked 26 Oct 2026 Malaysia

    Our copy of the list, downloaded on 4 October 2026, includes an entry dated 2024 for “Ultima Markets” (www.ultimamarkets.com and its Android and iOS apps, including Ultima Markets-Global Trading) for carrying on unlicensed capital market activities of dealing in securities.

  25. 25
    Searches of CySEC, FCA, CVM, CNMV, AMF, SFC and ASC records and the Indian, Malaysian and Japanese lists for Ultima Markets (opens in a new tab)

    Cyprus Securities and Exchange Commission; and others Regulator record Checked 26 Oct 2026

    On 26 October 2026 we searched CySEC’s 1,173 board decisions, the FCA’s investment firms list and warnings, the CVM’s declaratory acts (to May 2026), the CNMV’s warnings, the AMF’s blacklists, the Hong Kong SFC’s alert list, the Alberta Securities Commission’s caution list, the Reserve Bank of India’s alert list (19 November 2025), Bank Negara Malaysia’s and the Securities Commission Malaysia’s alert lists and the Japan FSA’s list of warned unregistered firms (25 September 2026) for Ultima Markets, its company names and Huaprime, and ran web searches for actions by the FSC Mauritius, the FSCA, Consob, Bappebti and others. We found the SFC, Alberta and Malaysian entries and nothing else; the CNMV’s entries for Trading Ultimate and Ultimate Trade Services Limited concern other firms.

  26. 26
    Ultima Markets: account types, Standard and ECN accounts (archived copies) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    Archived copies, taken on 2 June and 27 August 2026, of the account pages: Standard accounts have spreads from 1.0 pips and no commission, ECN accounts spreads from 0.0 pips and a USD 5 commission, both with a USD 50 minimum deposit and leverage of up to 2000:1, and cent versions of both. Orders are routed through a OneZero bridge to liquidity providers from the NY4 data centre. No swap rates or inactivity fees are shown. Ultima Markets’ own site refused our automated requests, so we read the copies kept by the Internet Archive.

  27. 27
    Ultima Markets Ltd best execution policy, July 2022 (archived copy) (opens in a new tab)

    Ultima Markets (Mauritius) Ltd Company document Published 1 Jul 2022 Checked 26 Oct 2026 Mauritius

    An archived copy, taken on 17 March 2026. Orders are transmitted to liquidity providers, which also supply the technology, and the policy sets out the execution factors, slippage and currency conversion. It says one liquidity provider has common shareholdings with Ultima Markets, a conflict it manages, without naming it or any other venue. A conflicts of interest policy is also published. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  28. 28
    Ultima Markets: client fund insurance (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 16 March 2026. It says the insurance “protects all our client’s funds with claims up to US$1,000,000 per account”, applies automatically and at no cost to all clients, and pays out if Ultima Markets fails to meet its financial obligations, and links the insurance certificate. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

  29. 29
    UN Global Compact participant search: Ultima Markets (opens in a new tab)

    United Nations Global Compact Company statement Checked 26 Oct 2026

    Lists Ultima Markets Ltd, a Mauritius investment services company, as a participant since 21 October 2024. The search does not show whether it was the first CFD broker to join.

  30. 30
    Ultima Markets: contact us (archived copy) (opens in a new tab)

    Ultima Markets Company statement Checked 26 Oct 2026

    An archived copy, taken on 1 May 2026. It offers email, live chat, Telegram and a help centre at helpcenter.ultimarkets.com, available around the clock, but no telephone number; the footer gives the Mauritius company’s registered address. Ultima Markets’ own site refused our automated requests, so we read the copy kept by the Internet Archive.

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