Ultralitexgo is a CFD broker whose official website domain was registered on November 4, 2023. This broker primarily offers investment services in trading markets such as Forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to information publicly available on the Ultralitexgo website, the broker was established in 2016 and claims to be regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company registration details or specific regulatory information.
After verification, no company by the name of "Ultralitexgo" was found to be regulated by the Australian Securities and Investments Commission (ASIC).
Therefore, Ultralitexgo is essentially an unregulated scam broker website with no corporate entity behind it.
Account Opening Process
To open a trading account with Ultralitexgo, visit their official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to go to the account registration page. Fill in personal information such as your name and email address, set a login password, and submit the form. After completing the verification process, your account will be successfully registered.
Trading Instruments
Ultralitexgo offers a variety of trading products, including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies. Known for its high liquidity, it allows traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can uncover diverse trading opportunities and leverage high margins to enhance potential returns.
- Commodities: Commodity trading spans key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of publicly traded companies, earning profits from price changes and dividends without actually owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
The Ultralitexgo website does not disclose information on account types, spreads, trading leverage, margin levels, trading commissions, minimum/maximum trade volumes, maximum positions/orders, or minimum price increments.
Trading Platform
Ultralitexgo offers a self-developed trading platform and claims the platform has an average order execution speed of less than 7.12 milliseconds, with more than comprehensive liquidity providers and over 12,000 orders executed per second. However, the download link they provide directs to the MT4 trading platform, where no broker by the name of Ultralitexgo can be found.
Deposits and Withdrawals
Ultralitexgo does not support deposits and withdrawals through credit cards or bank wire transfers. Users can only deposit and withdraw funds via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Ultralitexgo is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
