Ultima Markets in Malaysia: an independent review
An independent look at Ultima Markets from Malaysia: four account tiers from 50 USD, leverage listed up to 1:2000, MT4 and MT5, a ringgit payment rail — and a 2024 entry on the Securities Commission Malaysia Investor Alert List.
Open an FxPro account →Ultima Markets is an offshore forex and CFD broker, operating since 2016, that opens all four of its live accounts from 50 USD, lists leverage up to 1:2000 and runs a ringgit payment rail for Malaysia with deposits from 20 USD to 50,000 MYR. It also appears on the Securities Commission Malaysia Investor Alert List with a 2024 entry, which is the single most important fact for a Malaysian reader to weigh.
What the published terms actually give you
- Four live account tiers (Standard, ECN, Standard Cent, ECN Cent) all open from 50 USD
- A ringgit payment rail: the broker’s cashier lists Malaysia Pay in MYR/USD with a 20 USD minimum deposit and a 1 hour stated processing time
- Both MetaTrader 4 and MetaTrader 5, plus a WebTrader and a proprietary mobile app
- Two MT5-only cent-denominated tiers (Standard Cent and ECN Cent) covering 60+ currency pairs and gold, so a first deposit at the 50 USD floor can be sized in cent units
Ultima Markets account tiers at a glance
| Account | Platform | Spread from | Commission | Best for |
|---|---|---|---|---|
| Standard | MT4 / MT5, WebTrader, mobile apps | 1.0 pips | 0 USD | Traders who prefer one all-in spread and no separate commission line |
| ECN | MT4 / MT5, WebTrader, mobile apps | 0.0 pips | 5 USD | Traders who want a raw spread and pay the cost as commission instead |
| Standard Cent | MT5 only | 1.0 pips | 0 USC | Small balances sized in cent units across 60+ currency pairs and gold |
| ECN Cent | MT5 only | 0.0 pips | 5 USC | Cent-sized positions on a raw spread with the cost charged as commission |
Explore this Ultima Markets review
MetaTrader 5
The only platform carrying all four tiers, including the MT5-only Cent accounts.
EUR/USD Spread
1.0 pips with no commission, or 0.0 pips with 5 USD — and what that is on one lot.
How It Works
Portal, verification, first deposit, terminal: what each step fixes.
How to Open
MyKad or passport, proof of address, 50 USD — and the ringgit rail’s own floor.
More: EUR/USD spread, lot size, margin calculator, MetaTrader 4, MetaTrader 5, login and how to open an account.
Ultima Markets Malaysia — the short verdict
Ultima Markets has operated since 2016 and states it serves clients in 172 countries and regions, with 250+ CFD instruments, insurance cover through Willis Towers Watson stated up to US$1,000,000 per account, and membership of The Financial Commission. For a reader in Malaysia the offsetting fact is regulatory: the Securities Commission Malaysia lists Ultima Markets on its Investor Alert List with a 2024 entry reading “Carrying on unlicensed capital market activities of dealing in securities”, and the FCA-authorised group company (Ultima Markets UK Limited, reference 470325) is not the entity that onboards Malaysian clients: that is the offshore side of the group — Ultima Markets (Mauritius) Ltd (FSC licence GB 23201593) or Ultima Markets (Pty) Ltd (FSCA FSP No. 52497), with the client agreement naming which. All of it was read on the broker’s own pages on 15 September 2026. This site is independent, is not the broker, and its buttons open an account with FxPro instead. Background: what a CFD is, the Securities Commission Malaysia Investor Alert List and the FCA Register, where reference 470325 can be checked directly.
Open an FxPro account →What this page is, and who is not on it
This is an independent review of Ultima Markets written for readers in Malaysia. It is not the broker's site, carries none of its forms and cannot open an account with it. Every condition below was read on the broker's own pages on 15 September 2026 and carries a source.
The button on every page opens an account with FxPro instead — a different broker, which accepts clients from Malaysia. That is the commercial arrangement behind this site, stated plainly rather than buried.
How that reading is done is written down rather than implied: the rules every page follows are on how this review is written, the source order and the correction route on sources, dates and corrections, and the site’s own status and funding on our status and how we are paid.
The five numbers that decide most of it
Fifty US dollars opens any of the four live tiers. One pip of spread on the Standard tier costs about 10 USD on a standard lot, against 5 USD of commission on the ECN tier with a raw spread on top. Leverage is listed up to 1:2000, which turns a 100,000-unit position into 50 units of locked margin. The ringgit rail takes deposits from 20 USD up to 50,000 MYR in a stated hour, and returns them from 40 USD up to 20,000 MYR per transaction over 2–5 working days.
Those five figures answer more questions than any adjective can. What they do not answer is the regulatory one, and in Malaysia that is the question that outranks them.
Regulatory position, stated plainly
The Securities Commission Malaysia lists Ultima Markets on its Investor Alert List with a 2024 entry whose remark reads “Carrying on unlicensed capital market activities of dealing in securities” (read on 15 September 2026). That is the entry itself, quoted rather than characterised.
A Malaysian client is onboarded by the group’s offshore companies — its own entity list names Ultima Markets (Mauritius) Ltd (FSC licence GB 23201593), Ultima Markets (Pty) Ltd (FSCA FSP No. 52497) and Ultima Markets EU OÜ (Estonian registry code 17134727, payment facilitation) — not by Ultima Markets UK Limited, whose FCA authorisation under reference 470325 can be checked on the FCA Register. The entity list was read on the broker’s own site on 15 September 2026. Which of them signs a given Malaysian account is named in the client agreement rather than on the broker’s public pages, and this site does not guess.
The broker’s own About page (read on 15 September 2026) states membership of The Financial Commission and insurance cover arranged through Willis Towers Watson with claims eligibility up to US$1,000,000 per account. Both are the broker’s private commercial arrangements, not a Malaysian statutory protection, and this site reproduces them as the broker’s own statements.
Where to read further on this site
Cost is unpacked on the EUR/USD spread page and translated into position size on lot size and the margin calculator. The terminals are compared on MetaTrader 4 and MetaTrader 5.
The account process runs through how it works, how to open an account and login, and the entity question is answered on customer service.
Ultima Markets at a glance (checked 15 September 2026)
| Detail | Ultima Markets |
|---|---|
| Minimum deposit | 50 USD on all four live tiers |
| Maximum leverage | Up to 1:2000 |
| Instruments | 250+ CFD instruments (60+ pairs and gold on the Cent tiers) |
| Established | 2016 |
| Account types (4) | Standard, ECN, Standard Cent, ECN Cent |
| Platforms | MetaTrader 4, MetaTrader 5, WebTrader, Ultima Markets Trading App |
| Support | 24 hours a day, 5 days a week |
| Malaysia payment rail | Malaysia Pay in MYR/USD — deposit from 20 USD to 50,000 MYR, withdrawal from 40 USD to 20,000 MYR per transaction |
Figures published by Ultima Markets and read on 15 September 2026; conditions change, so check the broker’s own pages before you fund an account. Leverage carries a high risk of losing money.