Ultima Markets Gains FCA Licence, Targets UK CFD Traders

CFD broker Ultima Markets has acquired an FCA licence to operate in the UK having purchased the UK entity of Tiger Brokers, and is now able to operate in the United Kingdom. Mark Goater, previously Executive Director of Tiger Brokers in the UK, is now an Executive Director of Ultima Markets. The FCA license reference number for Ultima Markets is 470325, the details of which can be found here. LiquidityFinder is aware that Tiger Brokers' FCA license which was being offered for sale from August 2024 as Tiger brokers were looking to focus on their Asian business.

The move marks a significant milestone in the broker’s strategy to establish a regulated presence in one of the world’s leading financial centres. The UK market is estimated to have around 19 million active traders in 2024, with the FCA’s regulatory framework emphasising transparency and consumer protection.

“We're incredibly proud to take this step,” said Gareth Derbyshire, spokesperson for Ultima Markets. “Becoming FCA-regulated reflects our long-term commitment to the UK and its regulatory standards. It sets the tone for what UK traders can expect from us: transparency, integrity, and a clear focus on their trading experience.”

Ultima Markets plans to onboard UK clients from 2026 with a localised offering that includes a dedicated website, enhanced compliance systems, and platform features designed to meet FCA requirements.

“We are taking every measure to meet expectations in full,” Derbyshire added. “That means more than just ticking boxes. Our products, education and support are being designed and built for UK traders.”

UK traders will have access to Ultima Markets’ full range of CFD instruments — including forex, indices, commodities and shares — on platforms such as MetaTrader 4 (MT4). The broker’s Trading Academy will offer resources for traders of all levels, focusing on skill development and financial literacy.

Founded in 2016, Ultima Markets is regulated by the Financial Services Commission in Mauritius and is the first CFD broker to join the United Nations Global Compact. The firm has also launched the Ultima Impact Foundation to advance sustainability education.