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Ultimate Crypto Fx
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A United States regulator warning has been issued against Ultimate Crypto Fx in September 2023
If you are looking for a reliable and trustworthy broker to trade cryptocurrencies, you might have come across Ultimate Crypto Fx. This is a platform that claims to offer low spreads, fast execution, and high leverage on various crypto pairs. But is Ultimate Crypto Fx a scam or a legit broker? In this review, we will examine the features, pros, and cons of Ultimate Crypto Fx and help you decide if it is worth your time and money.
What is Ultimate Crypto Fx?
Ultimate Crypto Fx is an online broker that specializes in cryptocurrency trading. It was founded in 2018 and is based in St. Vincent and the Grenadines. According to its website, Ultimate Crypto Fx has over 100,000 clients from more than 80 countries and offers access to more than 50 crypto assets, including Bitcoin, Ethereum, Litecoin, Ripple, and more.
Ultimate Crypto Fx claims to provide a user-friendly and secure trading environment, with advanced trading tools and platforms, such as MetaTrader 4, WebTrader, and mobile apps. It also boasts of having competitive trading conditions, such as low spreads from 0.1 pips, fast execution with no requotes, and high leverage up to 1:500.
How does Ultimate Crypto Fx work?
To start trading with Ultimate Crypto Fx, you need to open an account on its website. You can choose from four account types: Basic, Standard, Premium, and VIP. Each account type has different minimum deposits, spreads, commissions, and bonuses. The minimum deposit for the Basic account is $250, while the VIP account requires $50,000.
After opening an account, you can fund it using various payment methods, such as credit cards, wire transfer, Skrill, Neteller, and Bitcoin. The minimum withdrawal amount is $100 and the processing time may vary depending on the method. Ultimate Crypto Fx does not charge any deposit or withdrawal fees.
Once you have funded your account, you can start trading on the platform of your choice. You can use the MetaTrader 4 software to access the full range of trading tools and indicators, or use the WebTrader platform to trade directly from your browser. You can also download the mobile apps for iOS and Android devices to trade on the go.
You can trade various crypto pairs with different base currencies, such as USD, EUR, GBP, AUD, and JPY. You can also trade CFDs on stocks, indices, commodities, and forex. Ultimate Crypto Fx offers various trading features and services, such as market analysis, education center, customer support, and social trading.
Is Ultimate Crypto Fx a scam or a legit broker?
Ultimate Crypto Fx is not regulated by any reputable authority or agency. This means that it does not comply with any rules or standards that protect traders from fraud or abuse. There is no guarantee that your funds are safe or segregated from the broker’s own funds. There is also no compensation scheme or dispute resolution mechanism in case of any issues or complaints.
Moreover, Ultimate Crypto Fx has received many negative reviews and warnings from online users and authorities. Some of the common complaints include:
- Difficulty in withdrawing funds or closing accounts
- High pressure tactics to deposit more money or upgrade accounts
- Manipulation of prices or execution
- False or misleading advertising or promises
- Lack of transparency or communication
Therefore, we advise you to be very cautious when dealing with Ultimate Crypto Fx. It is a scam broker that aims to lure unsuspecting traders with attractive offers and then rip them off. There are many other reputable and regulated brokers that offer cryptocurrency trading with better security and service.
What to Do If You’ve Lost Money with Ultimate Crypto Fx?
If you have been scammed by Ultimate Crypto Fx or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.