ULTRATRENDFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-12 17:57

Abstract：　ULTRATRENDFX presents itself as an investment platform that provides access to a wide selection of trading instruments. With this broker, two types of trading accounts are on offer: NANO and ECN, with the minimum deposit to get started from $100. However, ULTRATRENDFX inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker. 　　When it comes to regulation, ULTRATRENDFX disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.15/10. Trading with an unregulated broker is taking huge risk of losing your money. Please be aware of the risk involved.

Basic	Information
Registered Countries	United Kingdom
Regulation	No License
Company Name	ULTRATRENDFX
Minimum Deposit	N/A
Maximum Leverage	N/A
Minimum Spread	N/A
Trading Platform	N/A
Trading Assets	forex pairs stock and indices, and precious metals
Payment Methods	N/A
Customer Support	Email & Phone Support

　　General Information

　　ULTRATRENDFX presents itself as an investment platform that provides access to a wide selection of trading instruments. With this broker, two types of trading accounts are on offer: NANO and ECN, with the minimum deposit to get started from $100. However, ULTRATRENDFX inaccessible official website and lack of essential information make us struggle in presenting a comprehensive picture of this broker.

　　When it comes to regulation, ULTRATRENDFX disappoints us a lot. This broker is not regulated by any regulatory authority, and here we can see that WikiFX has given it a very low score of 1.15/10. Trading with an unregulated broker is taking huge risk of losing your money. Please be aware of the risk involved.

　　Account Types

　　Two types of trading accounts are on offer: NANO, and ECN. The minimum deposit decides your trading accounts, with $100 to open a NANO account and $1,000 to open an ECN account.

Account Types	Minimum Deposit	Maximum Leverage	Minimum Spreads
NANO	$100	1:500	From 2 pips
ECN	$1,000	1:500	From 1 pips

　　Leverage

　　When it comes to leverage, ULTRATRENDFX allows its clients to use the maximum trading leverage up to 1:500, which is far higher than the appropriate amount set by many regulators: the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

　　Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

　　Spreads

　　Spreads are determined by trading accounts, with spreads offered by NANO accounts from 2 pips, spreads offered by the ECN accounts from 1 pip. Commissions are not mentioned yet.

　　Trading Platform

　　ULTRATRENDFX does not point out what trading platforms it provides, which is quite frustrating.

　　Customer Support

　　ULTRATRENDFX can be reached through the following contact channels:

　　Telephone: +44 01205 540226

　　Email: support@ultratrendfx.com

　　Company Address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ

　　Risk Warning

　　Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

　　The information presented in this article is intended solely for reference purposes.

　　Pros & Cons

Pros	Cons
High leverage up to 1:500	No regulation
	Insufficient company information
	Unfriendly minimum deposits for the ECN account
	High spreads
	Poor customer support