Abstract:ULTRA FX, founded in 1998, is an old brokerage registered in Hungary. Because its website is currently inaccessible, we can't know too much information about ULTRA FX. What we only know is that it is unregulated.
Note: ULTRA FX's official website: https://ultrafx.hu/ is currently inaccessible normally.
ULTRA FX Summary | |
Found | 1996 |
Registered Country/Region | Hungary |
Regulation | No regulation |
Trading Platform | MT4 |
ULTRA FX, founded in 1998, is an old brokerage registered in Hungary. Because its website is currently inaccessible, we can't know too much information about ULTRA FX. What we only know is that it is unregulated.
It is clear that ULTRA FX, which was registered in 1996 and is currently unregulated, is insecure.
ULTRA FX provides MT5 trading platform, which supports Windows, Desktop, IOS, and Android.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Web, Mobile | Proficient |
MT4 | ❌ |
According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).