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104 brokers measured81 pricedmedian 7.0 USDformula v1.0Data captured 02.11.2026Some links are partner links. They never change a score or a position.
Compiled and checked by the Highveld Board editorial deskScore recalculated 02.11.2026How we counted this

Recalculated 2026-11-02 · Established 2016 · Ultima Markets (Pty) Ltd, an FSCA-author

Ultima Markets — South Africa

Ultima Markets is rated 3.33 out of 5 by our formula (scored, but outside the ranking) for traders in South Africa: round turn 5 USD, residents accepted — Yes.

How we score

Suits you if the round turn is 5 USD against a 7 USD median here · it takes residents of South Africa · a swap-free account is available

Key facts (8)

Who actually onboards you
Ultima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (o
Licence number
52497
Established
2016
Min deposit, USD
50 USDgroup
Platforms
MT4 · MT5
Local funding
Bank transfer, cards, UnionPay, Alipay, USDT/BTC
Max leverage
2000geo
EURUSD
1.0 pipsgroup

Accounts (1)

Ultima Markets publishes no cost per lot for any account offered in South Africa.

See the 81 brokers here that publish one

This broker against the South Africa middle (81 of 104)

Ultima MarketsSouth Africa median
Round turn, USD5.0 USD7.0 USD
Min deposit, USD50 USDgroup50.0 USD
Max leverage2000geo500.0geo
Withdrawal, h2-5 working daysgroup24.0 h
EURUSD, standard1.0 pipsgroup1.0 pips
EURUSD, raw0.0 pipsgroup0.0 pips
Established20162009.0
Platforms23.0
Yes

Licensed in South Africa

Locally regulated by FSCA (FSP 52497); verify current status on fsca.co.za. No adverse FSCA alert found at review.

56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Ultima Markets.

Who actually onboards you
Ultima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (offshore Mauritius en
Licence number
52497
Local licence
yes
Checked
2026-07-09

Score (5/6 axes)

3.33of 5

A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.

Round-turn cost20% → 26.7%5.0
Licence and entity20% → 26.7%5.0
Withdrawal speed15% → 20.0%0.0
Track record10% → 13.3%2.5
Platforms and programs10% → 13.3%2.5
Trader reviews25%no data

Check:26.7% × 5.00+ 26.7% × 5.00+ 20.0% × 0.00+ 13.3% × 2.50+ 13.3% × 2.50= 3.33

Shown, not ranked: no review-platform rating

Licence check

Licence number
52497
Checked
2026-07-09

Register

Who actually onboards you

Ultima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (offshore Mauritius entity also used).

Offshore entity

What each account gives you

Standard, ECN, Standard Cent, ECN Cent; Islamic option.

Cost per round turn, and the South Africa middle (81 of 104)

Round turn, USD
5.0 USD
Median
7.0 USD

raw+commission

Client-money protections

Min deposit USD 50.

What the broker publishes about payouts

Withdrawal, h
2-5 working daysgroup

Trading software and asset classes (2)

MT4 · MT5

FX, indices, commodities, shares CFDs, crypto CFDs (250+ assets).

Reviews

Reviews
{'rating': 4.5, 'count': 5}group

User Rating 4.5 (5 reviews)

Where it wins, where it loses

Pros (3)

  • Round turn 5.0 USD against a South Africa median of 7.0
  • Licensed locally: 52497
  • Swap-free account available

Cons (0)

  • —

Where it does not serve

Afghanistan, Albania, American Samoa, Australia, Bosnia and Herzegovina, Burundi, Bermuda, Belarus, Central African Republic, Congo, Ivory Coast, Cuba, Cyprus, Eritrea, Guam, Guinea Bissau, Haiti, Iraq, Iran, North Korea, Lebanon, Macedonia, Mali, Puerto Rico, Russia, Sudan, Singapore, Sierra Leone, Somalia, Syria, United States, Virgin Islands, U.s., Yemen, Yugoslavia, Zimbabwe, Montenegro

Methodology

the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Sources (4)

4 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.

  1. Regulator registers
  2. 1fsca.co.zafsca.co.za · domainRegister
  3. The broker's own documents
  4. 2ultimamarkets.comultimamarkets.com · domainBroker
  5. Aggregators and directories
  6. 3wikifx.comwikifx.com · domainAggregator
  7. 455brokers.com55brokers.com · domainAggregator

FAQ (5)

Does Ultima Markets accept residents of South Africa?

Yes.

Which entity onboards a South Africa client of Ultima Markets?

Ultima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (offshore Mauritius entity also used).

What licence does Ultima Markets hold for South Africa?

Licence 52497.

What does one EURUSD lot cost at Ultima Markets?

5.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.

How long does a withdrawal from Ultima Markets take?

Ultima Markets publishes 2-5 working days. Their own wording: “2-5 Working Days”.