What Account Types and Fees Does Ultima Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Zero commissions, low minimum deposit, stable trading environment |
Minimum deposit of $50, suitable for low-capital trading |
| ECN Account |
Experienced traders |
Tight spreads from 0.0 pips, fast execution, low latency |
Minimum deposit of $50, commission of $5 per lot |
| Standard Cent Account |
New traders wanting to practice |
Low entry cost, similar features to the standard account |
Minimum deposit of $50, ideal for micro trading |
| ECN Cent Account |
Traders seeking low-cost entry |
Tight spreads and low commissions, easy access to ECN trading |
Minimum deposit of $50, commission of $5 per lot |
| Demo Account |
All traders for practice |
Virtual balance of $100,000, risk-free trading environment |
Available for 90 days, can switch to a real account anytime |
Account Opening Process
To open an account with Ultima Markets, follow these steps: 1. Select the account type and provide personal details such as name, email, and phone number. 2. Fill in your residential address and confirm your citizenship. 3. Enter employment information and financial background. 4. Choose your preferred trading platform and base currency. 5. Upload verification documents, including identity proof and proof of residency. 6. Fund your account and start trading. Note that you can upgrade your account to a professional one later if you meet the requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.0 |
$0 (ECN: $5/lot) |
Standard account features variable spreads |
| CFDs (Stocks) |
1.5 |
$0 |
Competitive spreads on major stocks |
| CFDs (Commodities) |
2.0 |
$0 |
Includes popular commodities like gold and oil |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market volatility |
Other Fees
Ultima Markets has several other fees to consider:
– Deposit/Withdrawal Fees: No fees charged for deposits or withdrawals, but third-party charges may apply.
– Inactivity Fees: There are no inactivity fees for dormant accounts.
– Platform Usage Fees: There are no fees for using the trading platforms.
– Overnight Interest (Swap Rates): Standard swap rates apply for positions held overnight.
– Currency Conversion Fees: Fees may apply when converting currencies, depending on the payment method used.
