Ultalfx Trading is a foreign exchange broker, with its official domain name registered on January 10, 2024. It primarily offers investors trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF contracts for differences (CFDs). This broker does not provide services in jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
The official website of Ultalfx Trading reveals that the broker encompasses multiple corporate entities and is regulated by several authorities. Ultalfx Trading Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 177805. Ultalfx Trading (registration number HRB169257B) is a designated agent of Ultalfx Trading Ltd registered with the Federal Financial Supervisory Authority (BaFin) in Germany. Additionally, the broker was authorized by the Financial Services Commission (FSC) of Mauritius as an investment dealer on October 2, 2017, with license number C175894381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD055.
According to verification from its official website, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Seychelles Financial Services Authority (FSA) did not find regulatory information about this broker.
Account Opening:
To open an account with Ultalfx Trading: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the webpage. Enter the required personal information such as name, email address, and set a login password before submitting. Once the application is submitted, the account is successfully registered.
Trading Plans:
Ultalfx Trading offers users four trading plans: STARTER, BASIC, PRO, EXECUTIVE.
STARTER:
- Minimum investment amount: $500
- Maximum investment amount: $1,000
- Return on investment: 6.50%
- Overnight interest for three days
- Trading period: 21 days
- Daily double bonus
- Instant trading methods: Copy trading/Trading robots
- Demo trading provided
- Advanced broker provided
BASIC:
- Minimum investment amount: $1,500
- Maximum investment amount: $4,000
- Return on investment: 10.50%
- Overnight interest for three days
- Trading period: 21 days
- Bonus sent via e-wallet
- Instant trading methods: Copy trading/Trading robots
- Demo trading provided
- Basic broker provided
PRO:
- Minimum investment amount: $5,000
- Maximum investment amount: $9,000
- Return on investment: 15.50%
- Weekly overnight interest
- Trading period: 1 month
- Exclusive daily bonus
- Instant trading methods: Copy trading/Trading robots
- Demo trading provided
- Professional broker provided
EXECUTIVE:
- Minimum investment amount: $10,000
- Maximum investment amount: $50,000
- Return on investment: 20.30%
- Weekly overnight interest
- Trading period: 1 month
- Advanced daily bonus
- Instant trading methods: Copy trading/API keys
- Demo trading provided
- Executive broker (expert) provided
Trading Platform:
Ultalfx Trading provides users with its proprietary trading platform.
Deposits and Withdrawals:
Ultalfx Trading supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Ultalfx Trading is a scam platform providing false regulatory information and enticing investors to invest through so-called high returns. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Ponzi scheme" on Traderknows.
