Ultimate Forex Trade
Ultimate Forex Trade is NOT a licensed broker which claims to equip with trading certification issued by the State Bar of Nevada. However, the details of the alleged trading certification or license proved to be nothing but a fake.
Firstly, the domain of Ultimate Forex Trade was created in 2020, while the provided license was issued in 2015, which is illogical and dubious. Secondly, the State Bar of Nevada merely functions as a watchdog for attorneys and provides education and development programs for the legal profession and the public, rather than a financial regulator that approves financial licenses for forex brokers.
Our final verdict is that Ultimate Forex Trade is not authorised by any financial regulator, therefore is not subject to necessary and strict laws and principles of operation, resulting in a high risk to trade with it. We advise you to stay away from this broker and any other unregulated brokerages and choose properly regulated brokers.
Unfortunately, as for your situation, the chance of getting your funds back is slim. What you should do now is never invest your money in this platform again and report it to your local authorities as soon as possible.
©2018-2023 BrokersView Ltd. All Rights Reserved.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.