Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

TradeUltra

Malaysia|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://www.tradeultra.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

5
Server Name
TradeUltra-Demo MT5
Server Location United Kingdom

Contact

+971 4 293 6900
info@tradeultra.com
https://www.tradeultra.com/
Office 11, Jamie Business Centre 1, Unit F10, 1st Floor Paragon Labuan Jalan Tun Mustapha, 87000 F.T. Labuan, Malaysia

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+971 4 293 6900

English

+44 20 3885 0799

Broker Information

More

Company Name

TradeUltra Limited

Company Abbreviation

TradeUltra

Platform registered country and region

Malaysia

Company website
Twitter
Facebook
Instagram
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The MalaysiaLFSA regulation (license number: MB/20/0059) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed TradeUltra also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website

TradeUltra · Company Summary

Aspect Information
Registered Country/Area Malaysia
Founded Year 1-2 years
Company Name TradeUltra Limited
Regulation Labuan Financial Services Authority (LFSA) in Malaysia (Regulatory License Number: LL16964)
Minimum Deposit 0.7 USD
Maximum Leverage Up to 1:500 on forex and CFDs, up to 1:20 on stocks
Spreads Variable spreads, starting from 0.7 pips on major forex pairs and 1.2 pips on major stock indices
Trading Platforms MetaTrader 5 and proprietary trading platform
Tradable Assets Forex, Shares, Indices, Crude Oil & Energies, Gold & Silver
Account Types Single account type with the option for a demo account
Demo Account Available
Islamic Account Not mentioned
Customer Support 24/7 customer support via phone calls and emails, with multiple contact locations
Payment Methods VISA, Mastercard, Bank Transfer
Educational Tools Technical Analysis, Economic Calendar, Dividend Calendar

Overview of TradeUltra

TradeUltra Limited, based in Malaysia, offers trading services in various financial markets, including Forex, shares, indices, crude oil and energies, as well as gold and silver. The company claims to be regulated by the Labuan Financial Services Authority (LFSA) under license number LL16964, though doubts about its authenticity have arisen, potentially raising concerns about regulatory effectiveness.

TradeUltra provides a single account type, along with the option for a demo account, streamlining the trading process. The platform offers leverage up to 1:500 for forex and CFDs, and up to 1:20 for stocks. Variable spreads and commissions apply to trading instruments, with a minimum deposit of 0.7 USD for the Individual Account. The company supports various deposit and withdrawal methods, including VISA, Mastercard, and Bank Transfer.

Traders can access multiple trading platforms, including MetaTrader 5 and TradeUltra's proprietary platform. The company also offers educational tools such as technical analysis charts and economic calendars to assist traders in their decision-making process. Customer support is available around the clock via phone and email, with contact details in various locations. However, caution is advised due to concerns surrounding the platform's legitimacy.

basic-info

Pros and Cons

TradeUltra, a trading platform, presents a set of pros and cons. On the positive side, it is regulated by the LFSA in Malaysia, ensuring a level of oversight. It also offers a low minimum deposit, multiple deposit and withdrawal options, round-the-clock customer support, access to educational tools, and high leverage options. However, concerns arise regarding the platform's authenticity, and there are limitations in terms of account customization, commissions for forex and CFDs, potential limitations in its proprietary platform, a limited range of market instruments, and inconvenient contact locations.

Pros Cons
Regulated by LFSA in Malaysia Concerns about platform authenticity
Low minimum deposit Limited account customization
Multiple deposit and withdrawal options Commissions on forex and CFDs
24/7 customer support Proprietary platform may have limitations
Educational tools available Limited types of market instruments
Leverage options up to 1:500 Contact locations may not be convenient

Is TradeUltra Legit?

TradeUltra appears to be regulated by the Labuan Financial Services Authority (LFSA) in Malaysia with the regulatory license number LL16964. However, it's important to note that there are concerns about the authenticity of this platform, with suspicions of plagiarism. Traders should exercise caution and be aware of the associated risks, as the effectiveness of its regulation may be questionable.

regulation

Market Instruments

Forex: TradeUltra allows you to trade Contracts for Difference (CFDs) on a wide range of popular currency pairs in the forex market, offering opportunities to capitalize on the market's volatility.

Shares: You can trade shares from major stock markets, including those in the US, UK, Europe, and Asia, with the option of leverage and access to low spreads.

Indices: TradeUltra provides access to major global indices such as Dow, S&P, Nasdaq, FTSE, and DAX, allowing traders to participate in these benchmark indices.

Crude Oil & Energies: TradeUltra offers trading in crude oil and other energy commodities, providing traders with the opportunity to engage with one of the world's most valuable commodities.

Gold & Silver: TradeUltra enables trading in precious metals like Gold and Silver, offering low spreads and fast execution for traders interested in these popular assets.

products

Pros and Cons

Pros Cons
Diverse range of market instruments, including forex, shares, indices, crude oil, and precious metals Limited information provided on spreads and fees
Access to major global indices and popular currency pairs, allowing traders to diversify their portfolios Lack of specific details about leverage and margin requirements
Low spreads and fast execution for trading precious metals and energy commodities Limited information on risk management tools and strategies

Account Types

TradeUltra offers a single account type that combines various trading benefits, and it also provides the option for a demo account. This straightforward approach simplifies the trading process, allowing traders to access multiple features and functions within a single account, while also offering the opportunity to practice with a demo account.

account-types

Pros and Cons

Pros Cons
Simplified trading process with a single account type Limited account customization options
Opportunity to practice with a demo account Demo account may not fully represent live trading conditions

How to Open an Account

To open an account with TradeUltra, follow these steps:

1. Click on “Open Live Account”

open-account

2. Select your preferred language and account type.

Provide personal information, including name, country, email, and phone number.

open-account

3. Set up account preferences, currency, and password.

open-account

4. Fill in primary and, if applicable, secondary account holder details.

5. Enter contact information, including residential and previous addresses.

6. Add banking information, including bank name, account number, and SWIFT code.

7. Provide financial information, investment objectives, and source of funds.

8. Describe trading experience in various asset classes.

9. Specify your trading style.

10. Answer additional questions about your financial history and affiliations.

Leverage

TradeUltra offers leverage of up to 1:500 on forex and CFDs, and up to 1:20 on stocks. This means that traders can control a position worth up to 500 times their initial deposit on forex and CFDs, and up to 20 times their initial deposit on stocks.

Spreads & Commissions

TradeUltra offers variable spreads and commissions on its trading instruments. Spreads start from 0.7 pips on major forex pairs and 1.2 pips on major stock indices. Commissions are $20 per round lot traded on forex and CFDs, and there are no commissions on stock trading.

Minimum Deposit

TradeUltra has a minimum deposit of 0.7 USD for its Individual Account. This is a relatively low minimum deposit, making it accessible to a wide range of traders.

Deposit & Withdraw

TradeUltra offers a range of deposit and withdrawal options, including VISA, Mastercard, and Bank Transfer. These methods facilitate quick withdrawals and straightforward deposits. Traders can easily transfer funds between their TradeUltra main account and their TradeUltra Trading account for efficient financial management.

deposit-withdrawal

Pros and Cons

Pros Cons
Multiple deposit options (VISA, Mastercard, Bank Transfer) No mention of e-wallet options
Facilitates quick withdrawals Limited information on withdrawal processing time
Simplifies fund transfer between accounts Lack of transparency regarding potential fees

Trading Platforms

TradeUltra offers multiple trading platforms to cater to traders' needs. One of these platforms is MetaTrader 5, a preferred choice for experienced traders. It provides a range of features including competitive spreads, fast execution, advanced chart trading, and the integration of Expert Advisors (EAs) and APIs for automated trading.

TradeUltra also offers its proprietary trading platform, a powerful application designed for traders. This platform comes with a customizable dashboard, mobile-optimized tools, a detailed product overview, intelligent watchlists, and advanced charting tools, providing traders with options for their trading needs.

trading-platform

Pros and Cons

Pros Cons
MetaTrader 5, a preferred choice for experienced traders Lack of information on platform's performance
Offers advanced chart trading and integration of Expert Advisors (EAs) and APIs Limited platform-specific details provided
Proprietary trading platform with customizable dashboard and mobile-optimized tools Potential learning curve for proprietary platform

Educational Tools

TradeUltra offers a variety of educational tools for traders. Under the “Technical Analysis” category, traders can access charts and technical analysis provided by TradingView for popular assets like AAPL, AMZN, and TSLA, allowing them to analyze price trends and make informed trading decisions.

trading-tools

Additionally, TradeUltra provides an “Economic Calendar” to help traders stay updated on economic events and their potential impact on the markets. This tool assists traders in planning their strategies and managing risk by keeping them informed about key economic releases and announcements.

trading-tools

Furthermore, TradeUltra offers a “Dividend Calendar” that provides information on dividend payment schedules. Traders can use this calendar to track dividend payments for specific stocks, aiding them in making investment choices based on dividend income potential.

trading-tools

Customer Support

TradeUltra provides around-the-clock customer support via phone calls and emails. Customers can easily leave a message with their full name, email address, country, contact number, and their specific interest, whether as an individual trader or for Introducing Broker Partnership. The platform offers assistance in various products, including Forex, CFDs, Equities & Indices, Exchange Traded Futures, Commodities, and other OTC products. Additionally, TradeUltra has contact details in multiple locations, such as Malaysia, Mauritius, St. Vincent and the Grenadines, the UAE, and the UK, with specific phone numbers for each region. For further inquiries, customers can reach out via email at info@tradeultra.com or through their social media channels on Facebook, LinkedIn, and Instagram.

customer-support

Conclusion

In conclusion, TradeUltra operates as a trading platform in Malaysia, purportedly regulated by the Labuan Financial Services Authority. However, there are concerns regarding the platform's authenticity, with suspicions of plagiarism. Traders considering using TradeUltra should exercise caution due to doubts about the effectiveness of its regulation. The platform offers trading opportunities in various market instruments, including forex, shares, indices, crude oil, and precious metals. It provides a single account type and a demo account for simplicity, while also offering leverage of up to 1:500 on forex and CFDs and up to 1:20 on stocks. Spreads and commissions vary, with a relatively low minimum deposit requirement. TradeUltra facilitates deposit and withdrawal through multiple methods. It offers MetaTrader 5 and a proprietary trading platform. Educational tools include technical analysis, an economic calendar, and a dividend calendar. Customer support is available around the clock via phone and email, with contact details in various regions. Traders should carefully assess the platform's credibility and exercise due diligence when considering its services.

FAQs

Q1: Is TradeUltra a legitimate platform?

A1: TradeUltra is regulated by the Labuan Financial Services Authority in Malaysia, but there are concerns about its authenticity due to suspicions of plagiarism. Traders should exercise caution.

Q2: What market instruments can I trade on TradeUltra?

A2: TradeUltra offers Forex, Shares, Indices, Crude Oil & Energies, and Gold & Silver for trading.

Q3: What is the minimum deposit required to open an account with TradeUltra?

A3: The minimum deposit for an Individual Account on TradeUltra is 0.7 USD, making it accessible to a wide range of traders.

Q4: What is the maximum leverage offered by TradeUltra?

A4: TradeUltra offers leverage of up to 1:500 on forex and CFDs, and up to 1:20 on stocks.

Q5: What trading platforms are available on TradeUltra?

A5: TradeUltra offers MetaTrader 5 and its proprietary trading platform, both with advanced features for traders.

Q6: Does TradeUltra provide educational tools?

A6: Yes, TradeUltra offers educational tools such as technical analysis charts, an economic calendar, and a dividend calendar to help traders make informed decisions.

Q7: How can I contact TradeUltra's customer support?

A7: You can contact TradeUltra's customer support through phone calls, emails, or social media channels. They have specific contact details for various regions.

News

List of Award-Winning Brokers 2023

NewsList of Award-Winning Brokers 2023

2023-06-01 15:08

If you are a Trader or Investor and searching for a Reputable - Authorised broker in this large ocean of Forex. Then this article will help you surely. As we all agree Award is one of Our criteria to decide which broker is good or horrible.

WikiFX
2023-06-01 15:08
News
List of Award-Winning Brokers 2023

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

Cilya
more than one year
Hey there! So, I was checking out TradeUltra, this trading service based in Malaysia. They're into trading in different markets, you know? They say they're regulated by LFSA, but there's this lingering doubt about how legit that claim is. They've got this one account type and a demo option too. And get this – they offer leverage up to 1:500 for forex and CFDs, which is pretty wild.
2023-12-12 19:02
Reply
0
0
Lachlan
more than one year
Their commissions on forex and CFDs are sky-high and took serious chunks outta my profits. Felt like they were the ones making money, not me! Withdrawing my cash was another nightmare. Their system's so complicated it'd puzzle Einstein. Plus, they slapped fees on my withdrawals, no matter how small.
2023-10-16 18:17
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com