Ultimate Pro Assets is a forex broker established in the United States in 2022, primarily offering investors trading services in financial products such as forex, commodities, indices, futures, stocks, bonds, and cryptocurrencies. This broker offers three types of accounts and serves users via the MT4, MT5, and cTrader trading platforms. Its features include providing leverage up to 1:500, with the overall website design and content mimicking that of the IC Markets Global website.
Company Background:
Ultimate Pro Assets is a forex broker registered in the United States in 2022, offering trading services in forex and other financial derivatives to global customers. The broker's official domain was registered on July 25, 2022, more than a year ago.
Importantly, Ultimate Pro Assets is not regulated by any financial regulatory authority. In the financial services industry, being regulated is a key factor in assessing a broker's reputation and reliability. Regulatory bodies usually ensure that brokers comply with industry standards and protect investor interests. Therefore, potential clients might need to pay extra attention to the unregulated status of Ultimate Pro Assets, which may indicate higher risk. Customers should carefully assess the potential pros and cons of working with an unregulated broker, considering that without a regulatory body as a safety net, the security of their funds and the fairness of their trades may not be guaranteed.
Trading Instruments:
Ultimate Pro Assets offers a diverse range of financial derivative trading services, covering forex, commodities, indices, futures, stocks, bonds, cryptocurrencies, and other financial products, providing global traders with 24/7 trading opportunities. Here are the main trading instruments offered by Ultimate Pro Assets:
Forex Trading: Ultimate Pro Assets is committed to offering a wide range of forex trading options, covering 61 currency pairs, including major and minor currencies. Traders can enjoy spreads starting from 0.0 pips and leverage up to 1:500.
Index Trading: Ultimate Pro Assets offers trading on 25 major global indices with no commission and leverage up to 1:200. Through the company's advanced ST5 trading platform, traders can participate in the global index market.
Commodity Trading: Ultimate Pro Assets provides traders with over 22 types of commodities, including energy, agricultural products, and metals. Traders can choose spot or futures contracts for difference (CFDs), enjoying leverage up to 1:500.
Stock Trading: The platform offers over 1600 stocks from multiple global exchanges, allowing users to trade stocks, all stock trading activities are conducted through the MetaTrader 5 (MT5) platform.
Bond Trading: Ultimate Pro Assets offers more than 11 tradable bonds, covering a wide range of markets and needs. The platform's feature is that it does not charge trading commissions, providing a maximum leverage ratio of 1:200.
Cryptocurrency Trading: Ultimate Pro Assets offers flexible trading opportunities in the cryptocurrency market, supporting 24/7 trading. Traders can use leverage up to 1:500 for long and short positions, covering the 10 most popular cryptocurrencies on the market.
Futures Trading: Ultimate Pro Assets offers trading on four major global futures with no commission and leverage up to 1:200.
Account Types:
Ultimate Pro Assets broker offers three types of accounts to meet the needs of different traders. The cTrader Account uses the cTrader platform, with no commission, spreads starting from 0.0 pips, requires a minimum starting deposit of $200, and offers leverage of 1:500. The Raw Spread Account uses the MetaTrader platform, similarly offering spreads from 0.0 pips and leverage of 1:500, with a minimum deposit of $200, this account type is generally aimed at traders seeking lower spreads. The Standard Account is also based on the MetaTrader platform, with spreads starting from 0.6 pips, no additional commission, a minimum deposit of $200, and a leverage ratio of 1:500, suitable for those who prefer fixed spreads.
Trading Platforms:
Ultimate Pro Assets provides traders with three main trading platforms: MT4, MT5, and cTrader. MetaTrader 4 (MT4), as a global trading platform, is widely popular for its stable performance, intuitive user interface, and a rich array of technical indicators and chart analysis tools. MetaTrader 5 (MT5) is the successor to MT4, featuring more chart types, technical indicators, and an enhanced trading system. The cTrader platform is considered to excel in intuitive design, chart tools, and algorithmic trading capabilities, suitable for experienced traders.
However, according to the official website of Ultimate Pro Assets, the company has yet to provide specific download guides for these trading platforms, and the detailed information page about the trading software currently remains blank. This may cause inconvenience for users who need detailed platform information and user guides to complete software installation and configuration.
Deposit and Withdrawal Methods:
Ultimate Pro Assets offers a variety of funding options, including VISA, PayPal, Skrill, and NETELLER, among others. These options support instant deposits, enabling users to quickly transfer funds into their trading accounts for immediate trading execution. The platform also promises to process withdrawal requests swiftly, ensuring users can access their funds promptly.
It is important to note that Ultimate Pro Assets charges a 10% fee for all money transfer operations. This means that regardless of whether it is a deposit or a withdrawal, a certain percentage of the transaction amount will be deducted as a fee. Customers should consider this cost factor when conducting financial operations.
How to Open an Account?
The steps to open an Ultimate Pro Assets account include the following simple processes:
- Visit the Ultimate Pro Assets official website.
- Click the "Open an Accounts" button on the homepage to enter the account opening page.
- Fill in the required registration information to complete account setup.
Spreads and Leverage:
Ultimate Pro Assets offers trading conditions that include extremely low spreads and the highest leverage up to 1:500. Spreads start from 0.0 pips, meeting the needs of intraday traders for low-cost trading. A leverage ratio of 1:500 gives investors a greater scale of trade but also comes with potential risks.
Ultimate Pro Assets offers more than 1750 tradable financial instruments, covering forex, stocks, indices, bonds, cryptocurrencies, and commodities markets, and supports minimum trades of 0.01 micro lots.
However, trading with high leverage may increase potential profits but also comes with potential risks. A leverage ratio of 1:500 allows investors to control a larger scale of trade with a smaller amount of capital, but market fluctuations could lead to rapid accumulation of losses. Investors should carefully assess their risk tolerance and trading strategy when choosing to use high leverage, ensuring that they fully understand the potential risks associated with high-leverage trading.
Website Design:
The website design and content of Ultimate Pro Assets broker are highly similar to those of COF, Daytrading International, Poohtrade, and other websites, which all use a template similar to that of IC Markets for their construction.
Customer Support:
Ultimate Pro Assets offers email support to customers, accepting inquiries and support requests through support@ultimateproassets.com. However, the platform does not provide phone support services, which might affect the experience of users who need immediate help. The company's registered address is 831 Bering Way, Suisun City, California (CA), 94585, but the validity and actual operation status of this address may be questionable.
Summary:
Ultimate Pro Assets is a US-based forex broker that provides investors with trading services in a wide range of financial products including forex, commodities, indices, futures, stocks, bonds, and cryptocurrencies. Although Ultimate Pro Assets offers a diverse range of trading tools and services, its leverage ratio goes up to 1:500, and it is currently not regulated by any regulatory body, making it crucial for investors to exercise caution when choosing the broker's services. In addition, the website design of Ultimate Pro Assets follows the same template as several similar brokers.
Currently, Ultimate Pro Assets is marked as "Not Regulated" on the Traderknows.
