Hong Kong-Controlled Broker Ultima Markets Receives Green Compliance Rating!

FinTelegram included Ultima Markets in its Green Compliance list
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The CFD broker Ultima Markets, which is controlled via Hong Kong, operates with licenses from CySEC in Cyprus and the FSC in Mauritius. The broker is still relatively young and only received its CySEC license in Cyprus in 2023. On Trustpilot, Ultima Markets has only 13 reviews with a 4.0-star rating and a corresponding “Great” trust level. In our initial review, we did not find any major compliance violations. We have therefore added Ultima Markets to our Green Compliance List.

Ultima Markets Key data

Trading namesUltima Markets
Social mediaLinkedIn
Legal entitiesUltima Markets Cyprus Ltd
Ultima Markets Ltd
Contact data+357 25 747 775
[email protected]
[email protected]
Leverageup to 1:30 for CySEC-regulated broker
up to 1:2000 for FSC-regulated broker
Related individualsHUA XIAONAN
RegulatorsCySEC for Ultima Markets Cyprus Ltd (License No 426/23)
FSC for Ultima Markets Ltd (license No. GB 23201593)
Payment optionsBank wire, credit/debit card, e-wallets
Trustpilot4.0-star rating with a “Great” trust level
Compliance ratingGreen

The Ultima Markets Narrative

Ultima Markets positions itself as a distinguished provider in the forex and CFD brokerage sector, offering an extensive array of trading services under the regulatory supervision of CySEC in Cyprus and the FSC in in Mauritius.

Compliance Check

Ultima Markets operates within a rigorously defined regulatory framework designed to ensure fidelity to international financial regulations and norms. This framework bifurcates to cater to distinct client bases:

Ultima Markets disclaimer for EU residents
  • European Union Clients: Engagement with EU clients is facilitated through Ultima Markets Cyprus Ltd., regulated by the CySEC License No. 426/23.
  • Global Operations: Outside the European Union, Ultima Markets Ltd in Mauritius operates with an Investment Dealer license issued by the Financial Services Commission of Mauritius (FSC License No. GB 23201593).

We were able to register as an EU resident with the FSC-regulated offshore mutation of Ultima Markets without any problems. We were told that we had to register as an EU resident with the CySEC-regulated entity. In this regard, the broker has not taken any measures such as IP blocking to prevent residents of the EU or other regulatory regimes from registering where there is no authorization. This is a red flag.

Similarweb statistics for Ultima Markets

In the Similarweb analysis, we found that in the FSC-regulated offshore mutation, most visitors, more than 38% in the last 28 days, come from the EU country Italy, where Ultima Markets has no authorization.

On the positive side, it is not possible to create a live account or make pre-KYC deposits without a completed KYC.

Apart from the possibility for EU residents to register with the FSC-regulated broker after prior Dioscalimer, no major compliance violations have been identified and Ultima Markets has therefore been placed on our Green Compliance List.

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