Ultras Asset has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.ultras-asset.com.
I was contacted by Ultras Asset through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
I requested my data from Ultras Asset under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Two-factor authentication|Multi-currency support
Cons: Alert system is basic|Email notifications too frequent
Ultras Asset seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Fast execution|Multiple order types|Detailed reporting
Cons: Inactivity fee applies after 12 months
I opened an account with Ultras Asset for just over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Full transparency|Economic calendar
Cons: Would like more payment methods|No dark mode on mobile
Ultras Asset advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Detailed reporting|Social trading features|Responsive team
Cons: Account statements could be more detailed