Beware! Ultimatefxworld is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


The website of Ultimatefxworld seems very familiar to us, but not because it is the established forex broker it claims to be. The reason for this is that Ultimatefxworld is almost identical to many other scams we have come across, for example Iclivetrade. In this review, we will show you how to determine if an investment intermediary is legitimate or a scam like Ultimatefxworld.

Ultimatefxworld Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to. Licensed financial services providers are also required to provide a comprehensive set of legal documentation.

Ultimatefxworld does not disclose which company is behind the website. The only document available on the website is a Privacy Policy, which is on behalf of another brand –  AlertSignalsNation. We have seen the same inconsistency in other scam websites we have encountered, e.g. Godlight and SwiftPayOptions

Ultimatefxworld claims to have offices in the UK and the US. But that can’t be true because anonymous websites can’t offer financial services in those jurisdictions.

The UK financial regulator confirms that Ultimatefxworld is not authorised.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the Financial Conduct Authority (FCA). They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts.

Ultimatefxworld Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Ultimatefxworld platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Ultimatefxworld promises an award-winning trading platform, but we don’t get access to any software after signing up for an account. Ultimatefxworld does not actually have the technological capacity to offer the services it claims.

Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Ultimatefxworld Trading instruments


Ultimatefxworld advertises trading in all major asset classes, including cryptocurrencies.

The latter may also serve as evidence that Ultimatefxworld is not a licensed broker operating in the UK. The FCA prohibits brokers in the country from offering crypto derivatives trading to retail customers.

Ultimatefxworld Spreads and cost of trading

Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

Ultimatefxworld promises ultra-competitive pricing, but that means nothing given the lack of trading software and licence. On the website we see promises of guaranteed profits, which is also a clue that we are dealing with a scam.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments.

Ultimatefxworld Maximum leverage

UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Ultimatefxworld does not provide any information on trading parameters. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Ultimatefxworld Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

On the homepage of the website we see logos of credit cards and popular e-wallets. But in the deposit menu itself, the choice comes down to cryptocurrencies.

Scammers prefer cryptocurrencies because these transactions are not subject to refunds. While there are some legitimate brokers that accept digital currencies like Bitcoin, they do so alongside other transparent payment methods such as credit/debit card, bank transfer or popular e-wallets like PayPal, Neteller or Skrill.

Ultimatefxworld Minimum deposit

Minimum deposit$500$5$10$5

Ultimatefxworld requires a minimum deposit of 500 USD. For ten or even a hundred times less, you could open a starter account with a duly licensed broker, including some of the leading global brands.

Ultimatefxworld Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
UltimatefxworldNot specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Since Ultimatefxworld does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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