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Ultimate Traders

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Operating status: SCAM

Website: https://www.ultimate-traders.com/

Broker violations and abnormal records
  • May 12, 2024 The NZ FMA issues a warning against Ultimate Traders

    On May 13, 2024, the New Zealand Financial Markets Authority (NZ FMA) issued a warning, revealing a fake celebrity investment scam and exposing a list of fake trading platforms involved in this scam, including Ultimate Traders. https://www.fma.govt.nz/library/warnings-and-alerts/fake-celebrity-investment-scam/

    On May 13, 2024, the New Zealand Financial Markets Authority (NZ FMA) issued a warning, revealing a fake celebrity investment scam and exposing a list of fake trading platforms involved in this scam, including Ultimate Traders. https://www.fma.govt.nz/library/warnings-and-alerts/fake-celebrity-investment-scam/
  • Jul 04, 2024 BrokersView has reviewed that Ultimate Traders is an unregulated broker

    Ultimate Traders fails to provide any regulatory information to demonstrate its legitimacy in the forex market. This is a scam indicator.

    What's more, Ultimate Traders is red-flagged by the New Zealand Financial Markets Authority (NZ FMA) as it is involved in a fake celebrity investment scam. This is a significant evidence of the broker's fraudulent nature.

    In essence, Ultimate Traders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Ultimate Traders appears to be a scam.

    Ultimate Traders fails to provide any regulatory information to demonstrate its legitimacy in the forex market. This is a scam indicator.What's more, Ultimate Traders is red-flagged by the New Zealand Financial Markets Authority (NZ FMA) as it is involved in a fake celebrity investment scam. This is a significant evidence of the broker's fraudulent nature.In essence, Ultimate Traders is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Ultimate Traders appears to be a scam.
  • Nov 03, 2025 BrokersView has identified that Ultimate Traders's website is currently offline

    BrokersView found that the domain "https://www.ultimate-traders.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://www.ultimate-traders.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A Complaints

Does anyone recommend Ultimate Traders?

Hermann Walter
Estonia
Jul 09, 2024
ANSWER We strongly advise against using Ultimate Traders.The broker exhibits clear signs of a scam, such as a lack of transparency and the use of hyperbolic language without any credible evidence, like licensing information, to support its claims. Notably, the New Zealand Financial Markets Authority (NZ FMA) has recently alerted the public to a fake celebrity investment scam, releasing a list of implicated websites. Ultimate Traders is included on this list.Therefore, Ultimate Traders is deemed fraudulent, and investors are cautioned to avoid it in order to safeguard their investments. For a more secure trading environment and peace of mind, we recommend considering fully regulated brokers.
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3 comments

Bo Ulf
...interesting info here, gonna check it out. so far haven't expereinced any issues with them. Ultimate traders payouts have worked well for me. Consistent, with no issues or delays. good for self-test
Mar 29, 2026
Reply
Michele Valk
Ultimate Trader has been on my radar for a while. I’ve seen a lot of news and comments about them in different sources.Choosing a classic challenge made sense to me because I’m not a pro. So having 12% of max drawdown would make the assessment pretty much doable. I paid $99 bucks for a funded acc with $10k. The platform is convenient to use and I feel confident enough to complete it successfully.
Mar 25, 2026
Reply
Reece K
Idk why other people complain about it, but a speedy challenge was fastest way to finish the test.
Mar 20, 2026
Reply
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