Ultra Global FX (https://ultraglobalfx.com/) is not authorised and should be avoided at all events. We found the website of Ultra Global FX is not available right now, as most probably it has been suspended, which is always a bad sign. Besides, we have checked this broker a few months ago, and according to our review, Ultra Global FX is thoroughly a shady broker running its business without any regulation and relevant licenses.
Ultra Global FX makes messy and confusing statements on its website, which is quite dubious. First of all, Ultra Global FX defines itself as an established broker with 9 years of online-trading, but its domain was just created on December 24, 2020. So how could it be an established broker of 9-year experience? It is a red flag here.
In addition, this broker claims to be regulated by the US Financial Services Authority (UFSA) under the license No. 019/192. In fact, however, the US regulator is the National Futures Association (NFA) rather than the so-called UFSA. And of course we didn't find any regulation of Ultra Global FX from NFA. So Ultra Global FX is not regulated by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is a scam.
We would recommend traders stay away from unregulated brokers like Ultra Global FX and trade with licensed brokers.
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