Thinking of getting into business with Ultra360 Pro? Here is what you must know about this broker. Carefully read this review to find out if ultra360pro.com is the trading platform you will want to trade with.
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About Ultra360 Pro Broker
Ultra360 Pro is an offshore brokerage company with a lot of promises for traders. The broker hides under Ultra360 Pro LLC with different license claim from financial regulations.
Here, the broker claims it takes no commission and offers multi-lingual client support to account holders.
The broker also presents a guarantee of lowest spreads in the market and zero commission, while offering leverage up to 1:300.
In spite the trading instruments Ultra360 Pro claims to offer, traders must know they are dealing with an unknown broker whose regulation claims are false.
ultra360pro.com: Reasons to Avoid This Broker
ultra360pro.com is a platform with no financial authority overseeing its financial services. Its regulation claims are not legit as no financial regulators recognize Ultra360 Pro.
Even though ultra360pro.com claims to offer a demo account for traders, it is not an assurance for forex traders as legit brokers can offer the same. It is just a way to lure you in losing your money.
Again the broker claims to offer a refund of funds. However, that does not change the fact that depositing money with this broker is clearly a risk. This is a big warning for forex traders to avoid losing money with this broker.
Withdrawal and Deposit
Withdrawal process
The withdrawal process and fees Ultra360 Pro charges forex traders is stated below.
This is just a way to reap you of your money and also frustrate the withdrawal process.
Minimum Deposit
Ultra360 Pro minimum deposit is indicated $500.
The broker presents a payment method with Credit card and Wire transfer. You should not consider making any payment with this broker in the first place because it is a risk. So beware!
Ultra360 Pro Platform
Ultra360 Pro operates a Web based trading platform.
The broker provides a leverage of 1:20. Although it is a low ratio, broker like this one with license claims from UK, US and even Cyprus should know the required ratio accepted by these financial regulators.
Ultra360 Pro Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its licensed and regulation claims are false and must be avoided.
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Conclusion: Is ultra360pro.com a Reliable Broker?
No, ultra360pro.com is not a reliable broker for forex traders and because of that, you are advised to stay away from this broker.
The scam is on the wall for you to avoid crossing path with ultra360pro.com because its claimed license and lack of transparency are red flags.
Therefore, we do not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
