www.ultimatetradersltd.com / ULTIMATE TRADERS 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.ultimatetradersltd.com.
www.ultimatetradersltd.com / ULTIMATE TRADERS 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: Multi-currency support|Clear documentation|Fast deposits
Cons: Account statements could be more detailed
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. www.ultimatetradersltd.com / ULTIMATE TRADERS recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Regular updates|Transparent fees|Full transparency
Cons: Limited demo account features
www.ultimatetradersltd.com / ULTIMATE TRADERS has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Reliable uptime|Multiple order types|Portfolio tracking tools|Fast execution
Cons: Email notifications too frequent
www.ultimatetradersltd.com / ULTIMATE TRADERS 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|Fast deposits
Cons: No live chat on mobile
Several red flags with www.ultimatetradersltd.com / ULTIMATE TRADERS: (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.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly