Ultima Markets

saim khan

Verified

Pakistan

Never use this very deceptive broker Ultima marekts, their slippage is very serious, my TP position was 3340 and it automatically closed my order at 3341

FX2321860560

Verified

India

Within the first 15 seconds, all currency pair quotes stop updating, but the trading button displays as "available." When attempting to place an order, the order actually goes into a queue, and once the quotes resume, it gets executed at the most unfavorable price. During the non-farm payroll period, my gold long order was set to buy at 1845.00 before the data release, but the actual transaction price was 1862.50, resulting in a slippage of $1,750! During the same period, the maximum slippage on other platforms did not exceed $500. The most decisive evidence is that the quote freeze period is precisely controlled at 15-17 seconds, covering the maximum volatility range after the data release. This premeditated technical manipulation sets up customers for slaughter, and

FX9936471862

Verified

India

Ultima Markets is the most shameless and unscrupulous forex platform I have ever encountered. Barely any! I'm exposing this platform with my real name to help more people see its ugly face and avoid being deceived. Initially, I was attracted by Ultima Markets' supposedly high-yield investment program. After carefully studying the various data and promises they presented, I invested money with a mixture of caution and anticipation. But problems soon arose. The platform's trading rules seemed to change arbitrarily. After I profited by following the original rules, they suddenly froze my account, deducted my profits, and even refused to withdraw my principal, citing "illegal trading." When I asked them to provide concrete evidence of the violations, they were evasive and unable to produce any substantive evidence. They simply resorted to unreasonable tactics and forcefully seized my money. I tried to resolve the issue with the platform, but the customer service was extremely rude and

FX8526549622

Verified

India

Avoid UltimaMarkets! It's a shady platform that rips off investors. I deposited $5,000 to trade, and within just two weeks, I lost most of it to various "accidents." When I tried to withdraw, I was met with constant frustration. A week after submitting my withdrawal request, there was no response. Customer service either played dead or made excuses like "system maintenance" or "document review." To this day, I haven't received a single cent. I've set stop-loss points, but they were repeatedly bypassed by malicious slippage. I've watched my losses grow while they tricked me into depositing money and then used various tricks to drain my money.

巴菲特大哥咖啡因

Verified

India

Brothers, you must choose the platform carefully. This platform is really not good. I clearly set a profit target of 3359, but when it reached 3359.84, I didn’t make any profit. In the blink of an eye, it reached 3358, so I had to close the position manually.

FX2444330545

Verified

Cambodia

This platform is deceiving its customers. Damn! I deposited $5,000, the bank debited the funds, but the platform hasn't credited my account yet! Customer service insisted it was a 'payment failure' and asked me to pay again. Three days later, I checked my bank statements and found two $5,000 withdrawals! After half a month of accountability, they only refunded one. What a rip-off broker!

FX6550181502

Verified

Philippines

My Ultimamarkets MT4 account number is 874267. This broker scammed me out of $300. I traded normally, deposited $801, and made a profit of $300. They took my principal and profits and didn't give me a penny. Please mark this broker as a scam. Is this a scammer or a repeat offender?

FX3798399795

Verified

East Timor

Don't use this broker!!! They advertise low spreads, but in reality, once you've made a profit, they'll restrict your account at any time. This is a rubbish broker, don't choose this platform.

FX2730256625

Verified

Singapore

This is outrageous. They manipulated the charts. I placed a short order on crude oil at 79.50, and the 4-hour chart showed a long upper shadow. Five minutes later, when I refreshed the chart, the upper shadow had disappeared! I lost $680. I took screenshots and questioned customer service, but they didn't respond. They were deliberately doing this. I'm sure I'll never work with this broker again.

FX2139025957

Verified

Cambodia

Everyone should read this honest review to expose this platform's practices. I've been trading with UltimaMarkets for six months, but just last week, my account was downgraded and blackmailed. Customer service said they were going to reduce my leverage from 1:500 to 1:100! My margin gap on my existing short GBP position widened immediately, forcing me to deposit $1,000 to cover my position. I will never trust this broker again. They have absolutely no integrity.

FX3892347790

Verified

Singapore

They actually tampered with historical order records? This is the first time I've encountered such a shameless trader. Last Friday, I had a stop-loss of 79.80 on my crude oil short position, but after the margin call, I checked the record and it showed "no stop-loss." I contacted customer service to request the original log, and they sent me a screenshot saying "user not set"—I still have a screen recording of the order with a stop-loss on my phone. You guys are tampering with orders at will in the backend, using fake orders to deceive people. Don't trust them.

FX1234724901

Verified

Cambodia

Trading with UltimaMarkets. Automated trading interferes with my account and causes a liquidation. It's abhorrent. I'd been running a gold EA strategy with consistent profits for three months, but last week, the platform suddenly updated its system, causing my EA to repeat orders 11 times per second! In just eight minutes, my account went from a 20% profit to a liquidation, resulting in a $3,800 loss! It was all my money stolen. It's best to choose a reliable broker.

FX3299787286

Verified

Singapore

UltimaMarkets exploited VIP data delays to defraud me. Upgrading to Platinum VIP for $2,000 a year promised "priority market access with zero delays." However, when the CPI data was released, my terminal received it 8 seconds later than free users! I watched gold plummet $30 but was unable to close my position. Customer service used the excuse of "server load balancing"—so VIP privileges mean paying a premium for inferior service? It's a lie. Don't fall for it. It's garbage.

FX7861332882

Verified

Philippines

This is a trap, a double-whammy of copying and slippage. I subscribed to a signal account, TRX209, and set a take-profit point on my main account at 1.0850. My copy order was executed at 1.0823, a 27-point slippage that wiped out my profits. Even worse—my main account showed the trade time as 09:30:03, but my order was executed at 09:30:15. Never use UltimaMarkets as your broker.

FX1652787235

Verified

Singapore

I'm using this as a practical lesson: small-time users must avoid this broker. They have exploitative USDT withdrawal rates. I withdrew $800 and was forced to use USDT. Customer service lied, claiming 'bank card channel maintenance,' even though I could have used it that day. However, at a 1:7.2 USDT conversion rate, the actual USDT value of $720 received was $73 less than I should have received! On the same day, I withdrew the same amount on a competing platform and only received a $2 deduction. Are you trying to rip off even small-time users?!

FX6393390592

Verified

India

This is outrageous! I absolutely must report this. My pre-placed Nasdaq short position was inoperable for 15 minutes immediately after the CPI data was released due to an MT5 disconnection. Upon reconnection, the market surged 300 points, triggering a forced liquidation. I lost $3,800. Customer service even used the excuse of "force majeure due to server overload"! This is a complete scam! Everyone, avoid this broker.

FX2969787722

Verified

Cambodia

Everyone, beware! This platform's bonus rollover trap locks up your principal. Don't be fooled. When you deposited, you were fooled into thinking you could use the 50% bonus freely. Once $5,000 arrived, you discovered the fine print required a 30x rollover before you could withdraw your profits. Disabling hedging led to FIFO liquidations on locked positions. I finally reached 28,000 lots, only to be liquidated by the non-farm payroll figures. Not only did I not receive the bonus, but I lost 3,000 yuan in principal. Too bad.

FX4047993188

Verified

East Timor

This platform must be exposed and stopped from scamming people. My $5,200 profit withdrawal was stuck for 14 days. Customer service first requested three months of utility bills and internet IP verification, then said it needed to be reviewed by the security department. Finally, they sent an email accusing my Martingale strategy of violating clause 3.12 of the terms and conditions and refused to pay! When I opened the account, my account manager personally stated that EA trading was permitted, but now that I'm profitable, they're turning their back on me and deducting my funds? Stay away from this scam and choose a reputable platform.

FX2306508811

Verified

Philippines

Avoid this broker! They're a scammer. Their stop-loss orders were forced to close due to the spread. I placed a stop-loss order at 1845 on gold overnight after the non-farm payroll data was released, and the quote froze for 12 seconds. After it recovered, it was forced to close at 1867! I was comparing three platforms at the time, and the highest volatility was only 1853. Customer service blamed it on a "liquidity provider pricing gap" and refused to provide execution records. They forced me to pay $2,200 with a 22-point slippage—it turns out their "risk control" system is designed to exploit stop-loss orders and exploit the spread. Avoid this broker.

FX2628632504

Verified

India

They are all scammers. Never use a broker!!! They pretend to have low spreads, but they always try to stop your trades before you can hit your stop-loss.

真善美

Unverified

United States

I have been using UM for a year and have never encountered issues like slippage, abnormal spread widening, platform freezing, or deposit/withdrawal problems. The liquidity is excellent—USDT deposits and withdrawals arrive within a minute, and even CNY withdrawals via UnionPay on Sunday nights around 10 PM take just minutes. UM has also recently obtained an FCA license in the UK. Seeing some people in the comments slandering UM with lies and rumors is utterly shameless! Aren’t they afraid of karma striking their families?

Positive

08-17