TradeUltra.com joins the list of suspicious brokers because their website is so full of red flags that we can’t ignore. Obviously TradeUltra is offering the favorite scammer’s tool of trade called Contract for Difference aka CFDs. This broker has put up a nice and decent website for the sake of soliciting funds from unsuspecting victims in the name of trading.

Today we expose TradeUltra’s underhand tactics, letting you know why you should not use this broker. But if you’re a victim, we implore you to consider these tips for your safety on the internet so that you will not fall for a typical CFDs scam again.

Is TradeUltra a scam broker?

It’s absolutely obvious that TradeUltra is a scam that uses a fake trading platform to deceive victims before stealing their funds. The broker’s opaque regulatory status is disturbing and the fact that we found several suspicious 5 star ratings is another concern.

If you have lost money on the TradeUltra platform, there’s a huge chance that you can recover it here.

5 reasons why TradeUltra is not a legit broker

Now we give you 5 solid facts about this brokerage platform that you probably didn’t know.

Suspicious company background

The domain TradeUltra.com was obtained in 2021 from an unknown person but who.is has been altered with to show that this broker has been around since 2015. This is the same thing that a scam called Gold CopyTrade did in order to look like it’s an established company with many years of service.

TradeUltra maintains multiple office locations. They claim to be present in the UK, St. Vincent and the Grenadines, Mauritius and Malaysia.

Again this is a trick that scammers use in order to sound credible. A financial firm with many international offices and phone numbers is definitely credible. But TradeUltra is not.

TradeUltra is an unregulated broker

They claim that the broker is regulated by Labuan Financial Services Authority (LFSA). This is one of the 4 financial regulators in Malaysia but at the time of writing this review, the official website of the financial regulator was not working. This is just one reason why offshore financial regulators should never be taken seriously.

In Mauritius, TradeUltra Limited is licensed as you can see here. But when did you hear that a toothless financial regulator with no serious requirements ever punished a scam broker?

The regulatory status of this broker is not good. These brokers just dish out licenses anyhow without scrutinizing brokers who apply for those licenses. This is why even scammers have licenses in offshore locations.

Broker uses unacceptable marketing pratices

TradeUltra is generating reviews either with the help of their staff or reputation management companies.

The broker even appeared on one fake awards website where they were mentioned as “winners of the financial award in 2023”. This is ridiculous. The broker is using deceptive marketing tactics so that they can easily persuade the unsuspecting victim into signing up and giving them money.

Do not be deceived by the multiple 5 star reviews that you see about this broker. They’ve been generated by the staff of TradeUltra and the company pays a fee to maintain its fake positive image.

TradeUltra is stealing of funds through CFDs

Contract for Difference are risky trading instruments. They’ve been compared to dangerous gambling since trades are between the broker and the customer and not between the customers and the international regulated exchanges.

This creates a chance for brokers like TradeUltra to manipulate spreads or pricing with the intention of making the customer lose his money.

Remember that the CFDs broker is ‘regulated’ by weak agencies and also imagine what they’re going to do with your trades on their rigged CFDs trading platform.

Very bad execution

We got exclusive access to victims whose voice have been overshadowed by the fake positive reviews that praise this scam.

The victims insisted that they lost their funds through very bad execution on the trading platform.

This confirms our statement that the broker is a CFDs platform and you should expect all kinds of underhand tactics on your account. Your profit is their loss and this is something the scammers do not want.

Conclusion of the TradeUltra broker review

Dont’t trust this fake broker blindly. Don’t transfer any minimum deposit requested by them.

Beware that such a broker is also using agents to approach unsuspecting victims on social media. Don’t listen to anyone who refers you to Tradeultra.com. It’s as simple as that.

We look forward to your reviews in the comment section as we’re transparent and will not refuse to expose this broker. What we need is your feedback and remember that if you’ve been scammed, here’s the answer.