Ultima Markets Acquires Tiger Brokers UK
Ultima Markets has acquired Tiger Brokers (UK) Ltd and its UK Financial Conduct Authority (FCA) license. Ultima Markets is an offshore Retail FX and CFDs broker based in Mauritius. The FCA approved the deal in July 2025. It is Ultima Markets’ entry into the UK’s regulated financial market.
Acquisition Details
Ultima Markets purchased Tiger Brokers (UK) Ltd, previously part of UP Fintech Holding Limited. The deal was agreed in November 2024 and finalized after FCA approval in July 2025. Ultima Markets injected £658K into the business to cover operating expenses during the transition period.
About the Acquired Business
Now, the business operates as Ultima Markets UK Limited. It generated zero revenue from 2021 to 2024. It had accumulated £4.6 million in losses by the end of 2024. That reduced most of its capital base. The company reported no deposited client funds at the time of acquisition.
Future Plans
Ultima Markets will begin onboarding UK clients in 2026. It plans to launch a localized UK offering to compete in the domestic market.
About Ultima Markets
Ultima Markets is a Mauritius-domiciled retail FX and CFDs broker. It offers CFD trading in forex, indices, commodities, and global shares on platforms such as MetaTrader 4 and MetaTrader 5. The firm provides multiple account types, including STP and ECN, with ECN and pro options available. It supports fractional share CFDs, market execution, demo accounts, and runs a Trading Academy for education. The company says it will expand beyond China and the Far East and plans to onboard UK clients from 2026 with a localized UK offering.
About Tiger Brokers
Tiger Brokers is the retail brokerage brand of UP Fintech Holding. It runs the Tiger Trade app and was founded in 2014. Clients trade US, Hong Kong, Singapore, and Australian stocks, plus futures, options, and funds. The firm offers margin financing, options trading, custody/clearing, and broker system solutions. In Q1 2025, it added 60,900 new funded accounts, reached about 1.15 million funded clients, and saw US$3.4 billion in net asset inflows. It has been adopting AI tools to enhance research and trading features.
Summing Up
The acquisition gives Ultima Markets an FCA license and a pathway into the UK market. The broker is settling for growth in one of the world’s most competitive trading environments.
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