Ultima Markets
On the desk for one reason: multi-entity structure. 4 register lines are on this file, spread across 4 legal entities in 4 jurisdictions, 1 of them with a top-tier regulator.
On the wire
4 items · 0 noticesThin file. Most of the commercial detail is unconfirmed and is left blank rather than estimated.
- 01register entry
FSC Mauritius entry GB 23201593 for Ultima Markets (Mauritius) Ltd
Source: ultimamarkets.com
- 02register entry
FSCA entry FSP 52497 for Ultima Markets (Pty) Ltd
Source: ultimamarkets.com
- 03register entry
FCA entry 470325 for Ultima Markets UK Ltd
Source: register.fca.org.uk
- 04register entry
None — Estonian company registration (payment facilitation only) for Ultima Markets EU OU (registry code 17134727)
Source: ultimamarkets.com
Entity by entity
4 lines| Regulator | Jurisdiction | Entity as registered | Number | Tier | Source |
|---|---|---|---|---|---|
| FSC Mauritius | Mauritius | Ultima Markets (Mauritius) Ltd | GB 23201593 | T3 | ultimamarkets.com |
| FSCA | South Africa | Ultima Markets (Pty) Ltd | FSP 52497 | T2 | ultimamarkets.com |
| FCA | United Kingdom | Ultima Markets UK Ltd | 470325 | T1 | register.fca.org.uk |
| None — Estonian company registration (payment facilitation only) | Estonia | Ultima Markets EU OU (registry code 17134727) | not verified | T3 | ultimamarkets.com |
Tier is the desk's shorthand for the supervising regime, not a quality score: T1 a top-tier statutory regulator, T2 a mid-tier one, T3 an offshore registration.
Commercial detail on the record
| Minimum to open | not verified |
|---|---|
| EUR/USD spread as published | not verified |
| Leverage as advertised | not verified |
| Platforms | MT4 · MT5 |
| Account books | Standard · ECN |
What the record says
Ultima Markets states it was established in 2016 and offers over 250 CFD instruments across forex, commodities, indices and stocks.
Ultima Markets Ltd is stated by the company to be authorised and regulated by the Financial Services Commission of Mauritius as a Full-Service Investment Dealer (excluding underwriting).
The company announced in August 2025 that it had secured FCA authorisation through Ultima Markets UK Ltd, and its site states UK onboarding is expected to begin in 2026.
Ultima Markets' own disclosure states that its international entities are not based in the UK and are not licensed by the FCA, so clients of those entities do not have FCA protections.
A South African entity, Ultima Markets (Pty) Ltd, is described as an FSCA Financial Services Provider under FSP number 52497.
Ultima Markets' site-wide regulatory footer states Ultima Markets UK Limited is authorised and regulated by the FCA under reference number 470325, with registered address 1 Blossom Yard, Fourth Floor, London E1 6RS (ultimamarkets.com)
Companies House records that ULTIMA MARKETS UK LIMITED (company 06249714) was renamed from TIGER BROKERS (UK) LTD on 21 July 2025, and previously traded as Electronic and Voice Foreign Exchange Limited (2012-2022) (find-and-update.company-information.service.gov.uk)
The broker's regulatory footer states Ultima Markets (Mauritius) Ltd holds FSC Mauritius Full-Service Investment Dealer (excluding Underwriting) licence GB 23201593, with registered address 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity (ultimamarkets.com)
Not verified
11 fieldsThe desk left these blank rather than fill them from secondary sources. They stay on the file as open questions and will be filled the day a primary source carries them.
- hq
- minDeposit
- maxLeverage
- spreadEurusd
- segregatedFunds
- negativeBalanceProtection
- publiclyListed
- accountTypes
- FSCA FSP 52497 not confirmed on the FSCA register
- negative balance protection
- FSC Mauritius licence GB 23201593 and FCA reference 470325 come from the broker's own regulatory footer; neither has yet been independently confirmed on the respective regulator's register
Other open files
The whole deskThis file reports what regulators and the firm have published. It is not a review, not a rating and not advice to open or close an account anywhere.