Ultima Markets — South Africa
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
- not stated
- Platforms
- MT4 · MT5
- Local funding
- Bank transfer, cards, UnionPay, Alipay, USDT/BTC
- Max leverage
- 2000geo
- EURUSD
- not priced
This broker against the South Africa middle (60 of 104)
| Ultima Markets | South Africa median | |
|---|---|---|
| Round turn, USD | not priced | 7.0 USD |
| Min deposit, USD | no data | 50.0 USD |
| Max leverage | 2000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 2016 | 2009.5 |
| Platforms | 2 | 3.0 |
Accepts residents of South Africa
Yes
Score (3/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Ultima Markets (Pty) Ltd, an FSCA-authorised FSP, serves SA clients (offshore Mauritius entity also used).
Offshore entity
Cost per round turn, and the South Africa middle (60 of 104)
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
What each account gives you
Standard, ECN, Standard Cent, ECN Cent; Islamic option.
What the broker publishes about payouts
Reviews
User Rating 4.5 (5 reviews)
Trading software and asset classes (2)
MT4 · MT5
FX, indices, commodities, shares CFDs, crypto CFDs (250+ assets).
Trading profits and South Africa tax
SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres
Where it wins, where it loses
Pros (2)
- Licensed locally: 52497
- Swap-free account available
Cons (2)
- Withdrawal time not published
- Minimum deposit for this country not published
The rest of the shortlist in South Africa (6)
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
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (4)
Checked: 2026-07-09
- fsca.co.za domain
- ultimamarkets.com domain
- wikifx.com domain
- 55brokers.com domain
FAQ (3)
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.