Financial firm, Ultima Markets, successfully obtains a license from the Financial Conduct Authority (FCA), enabling them to broaden their operations in the United Kingdom.
Ultima Markets, a global CFD broker, has secured a regulatory license from the United Kingdom's Financial Conduct Authority (FCA). This move marks a significant step in the company's strategy to establish a regulated presence in the United Kingdom, a key global financial hub with an estimated 19 million active traders in 2024.
As an FCA-regulated entity, Ultima Markets will comply with the Financial Conduct Authority’s comprehensive regulatory framework. This framework emphasizes transparency, consumer protection, integrity, and strong governance.
Specifically, as a CFD broker, Ultima Markets will follow FCA regulations, including client asset protection requirements, ensuring segregation of client funds from company funds. The broker will also adhere to conduct of business rules, aimed at ensuring clear, fair, and not misleading communications and disclosures.
Appropriate risk warnings and disclosures will be provided given the complexity and risk of leveraged derivatives. Ultima Markets will also implement anti-money laundering (AML) and know your customer (KYC) procedures to prevent financial crime.
In addition, the broker plans to provide adequate consumer education and support, in line with FCA standards. This includes tailored educational resources and support to empower traders of all levels to develop practical skills and financial literacy.
Ultima Markets will also implement enhanced compliance systems and platform features tailored to FCA standards, involving ongoing regulatory reporting and supervision. The FCA regime also requires controlled marketing and advertising practices aligned with consumer protection laws.
Gareth Derbyshire, spokesperson for Ultima Markets, stated that becoming FCA-regulated reflects the company's long-term commitment to the UK and its regulatory standards. He added that Ultima Markets is taking every measure to meet UK expectations.
Ultima Markets' Trading Academy will be a key part of this commitment, offering UK traders a platform to develop their skills and learn about the financial markets. Trading on MetaTrader 4 (MT4) is included in Ultima Markets' offerings for UK traders, along with access to the full range of CFD instruments, including forex, indices, commodities, and shares.
Ultima Markets is recognised for its fast execution, deep liquidity, and diverse trading tools. The broker is now preparing to onboard UK clients from 2026, with a dedicated website and localised offerings tailored to FCA standards.
In essence, Ultima Markets must operate with the level of transparency, security, and fairness mandated by the FCA’s regulatory rules for retail financial services, especially in the CFD sector, which is highly regulated to protect investors in the UK market. The FCA's rules and regulations emphasize transparency and consumer protection, ensuring that traders can engage in their activities with confidence and peace of mind.
Ultima Markets' acquisition of the FCA license is a testament to the broker's commitment to these principles and its focus on providing a high-quality trading experience for UK traders.
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