WikiFX Alert: Beware of Ultra CryptoFX / Ultra Cryptocoin FX!!!

Investors who are still trading forex at Ultra Cryptocoin FX/Ultra CryptoFX had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

To make things straight from the very beginning, on our next screenshot you may check the recent warning on September 7th issued against Ultra Cryptocoin FX/Ultra CryptoFX (ultracryptocoinfx.com) by the Financial Conduct Authority (FCA) in the UK. Take a look (source: https://www.fca.org.uk/news/warnings/ultra-cryptocoin-fx-ultra-cryptofx):

FCA believes that Ultra CryptoFX may be providing financial services or products in the UK without its authorization. Ultra CryptoFX is not authorized by FCA and is targeting people in the UK. Clients will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money back if things go wrong!

WikiFX also paid a visit to the broker's official website to learn more. Ultra CryptoFX wants you to believe it operates from the following address:

Bear in mind that if “the broker” was truly based in the U.S. it should have also been accepted as a member of the National Futures Association (NFA). And Ultra CryptoFX is clearly not regulated there either – WikiFX made the effort and checked the NFA registers but in vain, no company or broker by the name of“Ultra Cryptocoin FX” or “Ultra CryptoFX” were listed there.

Another specific detail also undoubtedly proves that Ultra CryptoFX is a scam. That is, one of the companies operating Ultra CryptoFX is Prime Technologies Ltd from St. Vincent and the Grenadines, an entity already blacklisted by numerous other regulators. Hence, WikiFX can say with confidence that Ultra CryptoFX is being run by experienced scammers!

Ultra CryptoFX advertises a web-based trading platform, but actually only has the following chart available. Needless to say, this is an incredibly far cry from something like industry standard Metatrader 5. There is not only none of the more advanced features you would find there, like automated trading – the broker does not allow something as simple as opening and closing trades on your own!

Furthermore, the so-called account types advertised by the broker are actually fishy investment plans with fixed earnings – 2.5% per day is the minimum guaranteed profitability advertised, which can't be anything else, but a scam! Such rates are impossible to deliver, but most importantly, authentic licensed brokers should not offer fixed earnings!

In addition, the single funding method is Bitcoin, and Ultra CryptoFX reveals this information seconds after you open their website. The bad news is that BTC direct deposits are irreversible, so those who deposited will, unfortunately, have little chance of recovering their money.

Now let's search “Ultra CryptoFX” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/3496129462.html), Ultra CryptoFXcurrently has no valid regulatory license and the score is rather negative - only 1.00/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in Ultra CryptoFX. The British regulator FCA has recently issued a warning against the broker, effectively exposing it as a scam scheme. In its publication, the authority confirms that the so-called broker is unauthorized and practically illegal, which means that all deposits by customers will be in danger. You should stay away!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.