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Ultimate FX-Expert Review: 6 Reasons to Avoid ulfx-expert.online

Ultimate FX-Expert Review: 6 Reasons to Avoid ulfx-expert.online

Here’s our honest Ultimate FX-Expert review after the FCA warned investors about the broker. Those who have invested with the platform are up in arms. Our ulfx-expert.online review exposes why the broker blocks withdrawals.

After investing and seeing profit margins rising, members are ecstatic about the platform. Little do they know the broker only wants to take advantage. There are several red flags found with this liquidity provider. Here’s our candid ULTIMATE FX-EXPERT REVIEW.

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About Ultimate FX-Expert (why ulfx-expert.online is a scam)

The broker claims to offer an array of investment products. These include crypto and forex-related investment brands. The broker claims the primary emphasis is on growing investment opportunities.

Contrary to what the broker claims, Ultimate FX-Expert is a ruthless broker. Those who have invested with the broker are up in arms. You won’t find any broker with such an attitude when you want to withdraw funds.

Despite the blue aesthetics, the website is littered with bugs. Some of the pages take too long to load. And the member dashboard is dismal at best. Navigating through some of these pages is a tall order.

The broker does little to help newbies increase their skill levels. You won’t find a demo account available for those looking to test set conditions. The broker also offers unfair trading conditions to all classes of investors.

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Accessible trading platform

You would think the broker offers top-of-the-range trading platforms. Far from it, the broker only provides limited access to the custom-made trading platform. It’s unstable and lacks the necessary tools to advance trading.

Experts recommend using world-class trading platforms such as MT4 and MT5. These are platforms that help traders, thanks to the available tools. You get advanced tools and charting analysis that is easy to comprehend.

For now, members can only use a custom-built trading platform not compatible with mobile devices. In addition, the UX is abysmal, making it hard to trade on the go. The broker’s use of such a horrible platform is one reason to stay away.

Experts believe in testing a broker’s platform first before engaging. Sadly, as we pointed out, the broker fails to offer any in terms of a demo version. And that’s another reason to suspect the broker’s agendas.

Accounts and investment plans Ultimate FX-Expert

There are three account types to choose from. These include Starter, Promo, and Premium plans. Each of these plans promises something different in terms of outcome. The accounts also target a diverse demographic of investors and traders.

Here’s a closer look at each of these accounts;

Starter

You must deposit a minimum of $200 and a maximum of $999 to start. The broker claims this account is strictly for beginners. However, you get a promise of earning 100 percent of your investment. The vesting days set is five days.

Promo

With the promo plan, the broker targets skilled traders. You must deposit between $500 and $4,999. The broker promises a return of investment of about 130 percent. Vesting period is a minimum of seven days.

Premium

It’s the most exclusive account targeting experienced investors and traders. Members get a promise of making 140 percent ROI, principal included. It has the lowest vesting terms, one day. You can only deposit $1,000 and a maximum of $20,000.

Accounts and Plans Ultimate FX-Expert

Account features

The terms set for these accounts make the broker a complete scam. This broker fails to give users any mentions of possible trading. You would expect a broker promising forex trading to have leverage and spreads listed.

That’s not the case; instead, we have a broker who invests and trades on behalf of clients. Unfortunately, the vesting period of these investments is too short to bear such large ROI margins. If the broker were that successful, even institutional clients would sign up.

These are the red flags naïve members fail to see. Instead, they see the terms as favorable and get enticed to sign up. It would be best if you got in touch with reality regarding profit margins and vesting periods.

Assets and trading instruments

The broker will trade on behalf of clients using five classes of assets. These include commodities, crypto, forex, indices, and stocks. The broker trades commodities such as coffee, cotton, crude oil, metals, and natural gas.

Crypto assets are rare, with the broker only using two major pairs, Bitcoin and Ethereum. Forex assets play a huge role in the liquidity provider’s platform. There are major and minor pairs available for trading.

Investing in indices is also a part of investment activities. Available indices include DAX, Dow Jones, and NASDAQ. Available stocks include those from leading companies in all sectors. These include aviation, manufacturing, tech, textile, and transport.

Broker’s Rating Ultimate FX-Expert

Due to the rising complaints and unfair investment conditions, we rate the broker a 1/10. The broker blocks withdrawals and offers limited trading chances. Other independent reviewers also rate the broker in the low star margins.

For a broker to enjoy a high rating, they must also enjoy regulation from regulators. That’s not the case. We suspect the broker is up to no good in terms of compliance. The safety of funds with Ultimate FX-Expert is also an issue.

Client Testimony

Hundreds of clients have lost funds with the broker. These clients insist the broker blocks withdrawals. On the other hand, the broker is unavailable to respond to these allegations. Clearly, no one has come out with proof of winning with the platform.

Before you invest in any venture, get to ask about user experience. It will help you gauge the type of investment and services provided. Most users usually share their experiences on social media and other platforms.

Contact and Support

Don’t expect any customer support from this platform. Despite having a live chat widget, the broker offers a message board. Once you send a message, the broker might take days to respond. There’s no other direct way of communicating.

We are clearly dealing with a scam with limited communication avenues. Those who invest with the broker are not able to make contact. Additionally, we see a broker not willing to communicate with the would-be victims.

Deposit and Withdrawal Ultimate FX-Expert

The broker tries to woe investors by posting a deposit and withdrawal table. That said, the broker fails to offer much in terms of availability. These are the issues we have with the platform. No one gets to withdraw funds.

When you click the withdrawal tab, that’s when the broker reveals their true intentions. You don’t get to see a penny of your investment. Instead, the broker claims your account is under review before getting funds.

How to avoid scammers such as ulfx-expert.online

It would be best if you started doing more research on a broker before engaging. That included having to test the broker’s patience before depositing. For example, a broker who only insists on deposits with no withdrawal proof is probably a scammer.

FCA Warning Ultimate FX-Expert

A warning from the FCA regarding ulfx-expert.online

The Financial Conduct Authority issued a warning to this liquidity provider. After complaints were lodged, the FCA noted the broker breached trading regulations. As a result, no investor should sign up with the broker.

Our Summary ulfx-expert.online

Please stay away from the broker.

PS: Invest in proven and tested crypto plans that guarantee safety.

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