Ultrox / Ultroxprime 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. Website domain: www.ultroxprime.org.
Ultrox / Ultroxprime locked my account without warning and demanded documents I had already submitted. for roughly four months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Reliable uptime|Fast support response|Helpful community forum|Multi-currency support
Cons: No integrated tax optimization|Wish they had more educational resources
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Ultrox / Ultroxprime is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
After spending for over a year trying to make Ultrox / Ultroxprime work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Responsive team|Good analytical tools|Stable platform|Multiple order types
Cons: Withdrawal takes 1-2 business days|No fractional shares
Several red flags with Ultrox / Ultroxprime: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
I gave Ultrox / Ultroxprime a fair chance. After for just over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Good mobile app|Regular platform improvements
Cons: Inactivity fee applies after 12 months
I closed a profitable position at Ultrox / Ultroxprime and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Stable platform|Two-factor authentication|Segregated accounts
Cons: No dark mode on mobile