UltimateFX Traders Review: Ultimatefxtraders.com Dull Forex Scam

UltimateFX Traders (Ultimatefxtraders.com) is priding itself as a platform that generates 85 percent profit with one single click. Ultimate FX Traders is offering Cryptocurrency and Forex trading to anyone interested in signing up. UltimateFXTraders is another bane online trading platform without proper regulation in place. Members of this platform are complaining right left and center regarding this chaotic platform. Read this genuine and honest ULTIMATEFX TRADERS Review for more details.

Asset Index of UltimateFX Traders

According to the homepage, users are guaranteed of trading with over 200 assets. The platform claims to have top notch instruments and analysis tools unmatched by any other broker. Users can trade shares of leading companies such as Google, Facebook, Netflix, Dow Jones, and others. A big problem we have with this platform is the guaranteed 85 percent profit margin. Yes, the platform offers a daily guaranteed profit margin of over 85 percent. Now this is never going to happen in the real world.

UltimateFX Traders Review

After reading some touching comments online regarding this platform, we decided to investigate. These scam artists have simply cloned details of a real trading websites and transferred it to this dummy homepage. One can see clearly that their logo does not match the design of the platform. What these scam artists have done is simply edit their names on the website. This behavior must be stopped by any means necessary. And this is why we have to expose the tricks used by such platforms to help keep traders safe.

Most of the scam artists use enticing claims and promises to lure investors. These claims are never going to materialize as the platform either shuts down or accounts get blocked. In this case, your account is more likely to get blocked and you won’t be able to access funds. This is what most of the victims of this platform have been facing. UltimateFX Traders is never going to allow members to withdraw funds once they deposit. Ultimate FX Traders is another online scam stealing from unsuspecting investors.

About UltimateFX Traders

Not much is known regarding this illicit platform, especially their trading history. A look at the domain register whois.net tells the whole story. We did a search using their register and found out some shocking details. UltimateFX Traders was registered on 3^rd July 2019 which makes it less than a year old. When it comes to online trading, it is best you stick to platforms with a solid reputation. UltimateFXTraders is another recently created platform meant to steal from newbie investors.

Another issue we noticed with the platform is in regards to ownership. You would expect the ownership details to be clear and vivid for all to see. As of now, no one knows the actual names of the founding members of this platform. What this means is that we are dealing with a rogue platform with anonymous owners. The problem with anonymity is that it becomes hard to trust unknown persons with your deposits.

Note: Trading can be a lucrative way of making money online. The secret to a safe trading experience is having reliable and reputable brokers by your side. Ensure you sign up with above board and credible brokers with a solid reputation. Whoever signs up with dependable and effective brokers stands a chance of making reasonable profit margins. Take the chance and sign up with recommended and top rated brokers the market has to offer. What are you waiting for? Your chance of winning starts with having a worthy partner by your side.

Is UltimateFX Traders licensed or regulated?

From our initial investigation, UltimateFX Traders IS NOT LICENSED OR REGULATED by any regulatory body. Disclaimer at the footer of their homepage has different mother companies. One claims to be located in Marshall Islands and the other in California. We checked with the official American regulatory body, the National Futures Association for verification. The NFA has not licensed this platform to offer any online trading services to investors. And this makes it a risky platform as funds are never safe with an unregulated online entity.

Another disturbing feature with their website is lack of clear information regarding their license number. You would expect the platform to have posted their license number alongside copies of the certificates. The entire website has no details regarding their license number which makes us question their intent. Ensure you stay away from this platform and never sign up with any of their affiliate programs. UltimateFX Traders is not a platform offering transparency in any of their transactions.

Advantages of trading with UltimateFX Traders

After a thorough search for any advantages, we could not find any reason to sign up. The platform is full of false information and never meets their promises. No trader has come out with proof of making 85 percent profit daily and in a consistent basis. Furthermore, no member of Ultimate FX Traders has come out with proof of making profit with the platform. And this is why we recommend you stay out of this ridiculous trading platform.

Disadvantages of UltimateFX Traders

Account types

UltimateFX Traders is offering users with three account types. Members are free to choose between Take off, Standard and Premium account types. Take off account is the most basic account and users must deposit $500 to start trading. The industry has set $250 as the acceptable minimum deposit for all basic accounts. Why the platform is asking for more funds is beyond our comprehension.

Bonuses

Bonuses start at 25 percent, 50 percent, and 75 percent. A newbie will think that this is a good account feature, you better think twice. Scam artists will claim to offer a welcome bonus to entice users to deposit more funds. And this is why no one should ever trust a platform which offers a welcome bonus.

False Testimonials

At the bottom of their homepage, one can see what looks like testimonials from members of the platform. They just post random names praising their platform to make it look legit. Here’s the kicker, no one knows the faces of these members of their social media profiles.

Payment methods

UltimateFX Traders is using two channels for depositing funds. And this is where the problems starts as once you deposit, it is the last you will see or hear of it. Ensure you never give them your card details as they will use it to swipe clean your bank account. Stay away from this platform and never deposit funds with any of their banks.

Safety of funds with UltimateFX Traders

With segregation of accounts not happening, UltimateFX Traders is pooling funds in one account. Members are actually depositing funds straight to the scammer’s bank account. No funds ever go to the platform as it all goes to the scam artists. Never expect any compensation from the platform as they don’t participate in a compensatory scheme. The platform is a hoax targeting unsuspecting investors.

Scam or legit

With clear and vivid details revealed, we are sure UltimateFX Traders is a scam. Ensure you stay away from any of their affiliate programs. Never answer any calls from their call agents or deposit funds with them.

Bottom line

We have to highlight this platform as a scam to help investors know what to expect with it.

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Wishing investors a safe trading experience.