Ultima / www.ultimaprime.org has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: ultimaprime.org.
I wanted to transfer my portfolio from another broker to Ultima / www.ultimaprime.org. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Clear documentation|Good mobile app
Cons: Wish they had more educational resources|No phone support on weekends
For anyone considering Ultima / www.ultimaprime.org, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Ultima / www.ultimaprime.org said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Economic calendar|Quick verification|Clear documentation
Cons: Onboarding videos are outdated
I invested $3,500 with Ultima / www.ultimaprime.org after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: Lost entire investment|Reported to authorities|Unresponsive
I requested my data from Ultima / www.ultimaprime.org under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Clear documentation|Competitive fees|Responsive team
Cons: Charting tools need more indicators|Inactivity fee applies after 12 months
Opened my account with Ultima / www.ultimaprime.org after hearing about them at a conference and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Great customer service|Detailed reporting|Customizable dashboard|Quick verification
Cons: Search feature is basic
I closed a profitable position at Ultima / www.ultimaprime.org and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Educational resources|Fast deposits|Dedicated account manager|Instant funding
Cons: Email notifications too frequent|Spreads widen during volatile periods
I joined Ultima / www.ultimaprime.org through my accountant's suggestion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Smooth onboarding|Wide product range|Dividend tracking|Fast deposits
Cons: Withdrawal takes 1-2 business days|Desktop app not available on Linux
Do not use Ultima / www.ultimaprime.org for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: No hidden fees|Clean UI
Cons: Could offer more webinars
Several red flags with Ultima / www.ultimaprime.org: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly