Ultimate Dynamic Fx has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
KYC with Ultimate Dynamic Fx is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Two-factor authentication|Fast deposits|Instant funding|Stable platform
Cons: Alert system is basic|Account statements could be more detailed
I found Ultimate Dynamic Fx after comparing multiple platforms and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Wide product range|No hidden fees|Stable platform
Cons: Search feature is basic
Do not be fooled by the professional-looking website. Behind the scenes, Ultimate Dynamic Fx is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Full transparency|Intuitive for beginners|Segregated accounts
Cons: Alert system is basic
After for a few weeks now with Ultimate Dynamic Fx I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Easy to use platform|Competitive fees
Cons: Would like more payment methods
Do not believe the bonus offer from Ultimate Dynamic Fx. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Comprehensive tools|Low minimum deposit
Cons: Charting tools need more indicators
I was about to invest with Ultimate Dynamic Fx but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
Tried to withdraw my funds from Ultimate Dynamic Fx and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The reporting at Ultimate Dynamic Fx is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: No hidden fees|Easy to use platform|Market news feed|Clear documentation
Cons: Website design could be more modern|Could offer more webinars
My card was charged twice by Ultimate Dynamic Fx on the same day. I had to dispute it with my bank. Ultimate Dynamic Fx then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Easy to use platform|Transparent fees|No hidden fees|Segregated accounts
Cons: Desktop app not available on Linux
I have been trying to close my account with Ultimate Dynamic Fx for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Real-time alerts|High security standards|Clear documentation
Cons: Help articles are sometimes vague