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As intricate as UltimatePristineFxTrade might seem, there is very little helpful information to describe the broker. For example, users should be met with a huge slogan stating that UltimatePristineFxTrade is completely unregulated and a scam. But that only if the broker were to be honest. Instead, the company hides behind its layers and stalks its victims. The following review will unravel all that stands to cover this false pretender.
First and foremost, we must check the company's legitimacy. We have a claim in the footer that states that the broker is authorized and regulated, but does not mention by what or whom. There is, therefore, no reason to believe this because the company gives no proof of a regulation.
Further deep in the website, we stumble upon claims that the firm is regulated by ASIC and the Vanuatu Financial Services Commission. And yet, we find ourselves right at the beginning, where no proof exists to suggest that UltimatePristineFxTrade is licensed anywhere. We even checked with the two regulators, and without a sliver of surprise, found no results for one UltimatePristineFxTrade being regulated by either.
Moreover, the firm claims to be a UK registered company, and has even include a certificate of incorporation, that basically proves nothing, for we think it is forged. And even if somehow the broker were to be registered in the UK it would not make a difference; it would still be unlicensed there.
There are also no legal documents anywhere on the website of the company, which epitomizes the scammer nature of UltimatePristineFxTrade.
And finally, if you needed more reason not to trust the broker, we have for you an FCA warning, meaning that the broker has officially been recognized as a scam!
UltimatePristineFxTrade it without a doubt unregulated and a risk to all!
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
There was no way to create an account because the broker never finished verifying ours. It probably found out that we were not regular investors, and had us blocked.
We have the website to rely on for the following trading conditions. Take them without thinking they are truthful.
According to the site, forex currency pairs, futures, shares, indices, and commodities, are the available assets for trading. The leverage is maxed out at 1:500.
From a small chart on the Home page of the broker we were able to read a EUR/USD cost of trade of o pips. This is highly unrealistic and very doubtful, and there must be either a hefty commission or the spread itself was tampered with to seem lucrative.
There was no concrete trading software found on the website anywhere. We were not able to trace down any download links, or any links to a web trader.
Perhaps the software is only available to registered users, although usually brokers give a taste of what they offer. This one hasn't done so, making us think that there is no trading software.
ULTIMATEPRISTINEFXTRADE MINIMUM DEPOSIT
According to the website, the minimum deposit is $300. This may or may not be true, we cannot know for sure.
An d there are no further payment details anywhere revealed on the website. This ambiguity is a common feature of the scammer broker.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
ULTIMATEPRISTINEFXTRADE WITHDRAW TIME AND FEES
The website mentions that there area little to no fees concerning withdrawals, and what these fees are, the ones that apply, has not been remotely talked about anywhere. The lack of legal documents further obscures this predicament.
There are no further withdrawal details at all. We believe that users don't really need them for all investments here are automatically lost!
Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.
Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.
HOW TO RECOVER
The most sound advice we could give you is to immediately file for a chargeback with you credit card company.
If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
UltimatePristineFxTrade is a huge risk to all and should not be invested in. Do not waste your breath on it.
UltimatePristineFxTrade compared to other brands
United Kingdom, Cyprus, South Africa, Mauritius
Cyprus, Saint Vincent and the Grenadines