ULTRATRENDFX-Some Important Details about This Broker
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.
| Basic | Information |
| Registered Countries | United Kingdom |
| Regulation | Regulated by FSC |
| Company Name | ULTRATRENDFX |
| Trading Assets | forex pairs stock and indices, and precious metals |
| 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. When it comes to regulation, ULTRATRENDFX is regulated by FSC.
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
Pros & Cons
| Pros | Cons |
| High leverage up to 1:500 | Insufficient company information |
| Regulated by FSC | Unfriendly minimum deposits for the ECN account |
| High spreads | |
| Poor customer support |
Frequently Asked Questions
What is the minimum deposit required by ULTRATRENDFX?
The minimum deposit required by ULTRATRENDFX is $100.
What is the maximum trading leverage provided by ULTRATRENDFX?
The maximum trading leverage offered by ULTRATRENDFX is up to 1:500 .
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