BROKER REVIEW - ULTIMA MARKETS

Finding the right forex broker is crucial for any trader, and Ultima Markets has gained significant popularity, especially in Malaysia, due to its customer-friendly services and comprehensive offerings.

Ultima Markets meets the needs of traders at all levels with various account types. The Standard Account is beginner-friendly, offering zero commissions and competitive spreads, while the ECN Account appeals to traders with raw spreads starting from 0.0 pips and low commission fees. Additionally, the Islamic Account offers a Shariah-compliant option.

The broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms, combined with a wide range of instruments—including forex, commodities, indices, stocks, and crypto—provide flexibility to traders and opportunities to diversify their portfolios.

Ultima Markets prioritizes security with segregated customer accounts and negative balance protection, ensuring a controlled and secure trading environment. The broker's high leverage of up to 1:500 meets the needs of both conservative and aggressive trading strategies, while local customer support in Malaysia enhances the overall trading experience.

In addition to its core offerings, Ultima Markets is running attractive promotions, such as the Red Envelope Rush, where traders can receive special rewards. They also offer the 100% Double Festival Bonus, which doubles traders' funds during festive seasons, as well as the 1% More Profit promotion, which increases trading returns. For Introducing Brokers (IB), there is the IB Reward 2024, offering additional incentives for referring new clients to the platform.

Despite its advantages, the broker requires a relatively high minimum deposit of $500 for the ECN account, which may deter some traders from depositing. Furthermore, the broker’s promotional offers and payment methods are more limited compared to competitors.

Overall, Ultima Markets has proven itself to be a reliable and flexible broker in Malaysia. While there is room for improvement in promotional campaigns and payment options, the broker's strong features, transparent practices, and focus on security make it a solid choice for traders at all levels.

Disclaimer: This review is for informational purposes only. Forex and CFD trading involve significant risks, and traders should carefully consider their financial situation before engaging in these markets.