Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighHolds a genuine, register-verified Labuan money-broking licence, but it is low-tier offshore with no compensation scheme, and the firm also advertises a surrendered Mauritius licence.
Identity & transparency
5/10 · ModerateReal entity with a matching regulator-listed address and named director, but the multi-company structure across Labuan, Mauritius, Saint Vincent and Anguilla is opaque.
Withdrawals & conduct
5/10 · ModerateSome customers report smooth payouts; others report slow, document-heavy withdrawals. No confirmed systematic denial or fund-theft pattern.
Reputation
5/10 · ModerateIndependent reviews average 3.5 of 5 but across only 30 reviews with a lopsided 5-star/1-star split, a thin footprint for a firm claiming years of trading.
Website claims
7/10 · HighPresents a surrendered Mauritius licence as current and claims trading since 2013 while the domain dates to 2015.
Operational history
3/10 · LowDomain live since 2015 and a multi-year licensing trail, though it has since shed its Mauritius licences.
Who they are
A quick desk file on the company behind the brand.
- Brand: TradeUltra
- Legal entity: TradeUltra Limited (a group using several same-named companies across Labuan, Mauritius, Saint Vincent and Anguilla)
- Registered: Office 11, Jamie Business Centre, Unit F10, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan F.T., Malaysia. Director on record: Mr. Aditya Agrawal.
- Website: tradeultra.com (domain created February 2015)
- Only current licence: Labuan FSA money-broking licence MB/20/0059 (Malaysia, offshore, low tier)
- Offers: CFDs on forex (200+ pairs), shares, indices, commodities, metals and crypto (3,000+ instruments), MetaTrader-style STP account
- Not accepted: United States, Canada, Singapore, Japan, United Arab Emirates and various sanctioned countries
- Age claim: markets itself as a trusted broker "since 2013", though the domain dates to 2015
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Labuan Financial Services Authority (LFSA)
Financial Services Commission (FSC) Mauritius
Found by our investigation (2) — the broker does not list these on its own site
Registrar of Companies, Saint Vincent and the Grenadines
Found by us — not listed by the broker
Registrar of Companies, Anguilla
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate TradeUltra high-risk, not a scam. Here is the reasoning.
- The firm is genuinely licensed, but only weakly. TradeUltra Limited appears on the Labuan Financial Services Authority's own directory of money brokers, at the address it publishes. That is real regulation, so this is not an unlicensed operator and not an impersonator of another company.
- The licence gives limited protection. A Labuan money-broking licence covers an intermediary that matches trades. It is a low-tier offshore permission with no compensation fund, so client money is far less protected than under a top-tier regulator.
- One regulatory claim is out of date. The homepage still presents the firm as licensed by the Financial Services Commission of Mauritius. Mauritius records show those licences were surrendered on 5 August 2024. Advertising a licence you no longer hold is misleading.
- Some marketing is overstated. The site claims trading since 2013, but the website was registered in 2015.
- Customer feedback is mixed and thin for a firm of this claimed age. Independent reviews average 3.5 out of 5 across only 30 reviews, and the spread is lopsided (mostly 5-star with a cluster of 1-star). The negative reviews describe slow, document-heavy withdrawals rather than outright refusal.
- No regulator has issued a warning against this website, and we found no confirmed pattern of stolen deposits.
Evidence ledger
Every finding, with its source and how strongly it points.
E1TradeUltra Limited is listed on the Labuan FSA's own money-broker directory at Office 11, Jamie Business Centre, Paragon Labuan, with director Mr. Aditya Agrawal, matching the address on the broker's site. This confirms a genuine, in-force Labuan licence and that the firm is not a clone.
E2Mauritius regulator public notice dated 5 August 2024 records the surrender of TradeUltra Limited's Global Business and Investment Dealer (Full Service Dealer excluding underwriting) licences. Confirms the licence was genuinely held (not a clone) and is no longer in force.
E3The TradeUltra homepage still states the firm is licensed by the Financial Services Commission of Mauritius, in the present tense, despite the August 2024 surrender. This is a misleading, out-of-date regulatory claim.
StrongTradeUltra homepageE4The tradeultra.com domain was created on 26 February 2015 (Namecheap), which contradicts the site's claim of being a trusted broker since 2013.
E5Independent review platform shows 30 reviews averaging 3.5 of 5, with a lopsided distribution (about 83 percent 5-star and 10 percent 1-star). Negative reviews describe slow, document-heavy withdrawals rather than outright refusal; some positive reviews report smooth payouts.
ModerateTrustpilotE6No regulator warning or alert naming tradeultra.com was found across the FCA, IOSCO and other warning lists as of 6 August 2026.
ModerateRegulator warning-list sweepE7The only currently valid authorisation is an offshore Labuan money-broking (intermediary) licence, which carries no investor compensation scheme, so client deposits have limited protection.
E8Public records associate TradeUltra Limited with a Saint Vincent IBC (25982 BC 2020) and an Anguilla IBC (A000001775). These are company registrations, not financial licences, and confer no regulatory protection.
The other side
The strongest case in this broker’s favour.
The fair case in TradeUltra's favour is real and worth stating.
- Its main licence checks out. We confirmed the Labuan money-broking licence directly on the regulator's register, with a matching company name, address and named director.
- It is a long-lived operation. The domain has existed since 2015 and the company has held or surrendered licences in more than one jurisdiction, which is not typical of a throwaway scam site.
- The Mauritius licence was genuine. The regulator's public notice names TradeUltra Limited as the licence holder that surrendered it, which disproves the idea that the firm was faking someone else's Mauritius registration.
- Several customers report smooth deposits and withdrawals, and the worst complaints describe delays and paperwork, not theft.
- No financial regulator has blacklisted the website.
What would change this
What we would need to see to revise the verdict.
Our view would move in either direction on new facts.
- Worse (toward scam): a regulator warning naming tradeultra.com; the Labuan licence being suspended or revoked; or several independent, detailed reports of withdrawals being refused or accounts frozen after profit.
- Worse: evidence that client deposits are actually taken by an unlicensed Anguilla or Saint Vincent shell while the Labuan licence is only decoration.
- Better (toward legitimate): the firm removing the surrendered Mauritius claim and correcting the founding date; or gaining and verifying a genuine top-tier or mid-tier licence (for example FCA, ASIC or CySEC) that covers the website taking client funds.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Labuan FSA - List of Money Brokers (official register)
Regulator directory confirming TradeUltra Limited holds a Labuan money-broking licence
FSC Mauritius - Public Notices
Mauritius regulator notice that TradeUltra surrendered its licences on 5 Aug 2024
TradeUltra - Regulations and Licenses page
The broker's own stated licence claims
Trustpilot - TradeUltra reviews
Independent customer reviews and rating distribution
Frequently asked questions
Quick answers about this broker’s safety.
Is TradeUltra a scam?
Not on the evidence we found. It is a high-risk offshore broker with one genuine but low-tier Labuan licence. We found no regulator warning against its website and no confirmed pattern of stolen deposits, but it does overstate its regulation.
Is TradeUltra regulated?
Yes, but only lightly. It holds a Labuan Financial Services Authority money-broking licence (MB/20/0059), which we confirmed on the regulator's own register. This is a weak offshore permission, not top-tier regulation.
What is a Labuan money-broking licence worth?
It is a low-tier offshore authorisation from Malaysia's Labuan zone for firms that arrange or match trades. It carries no investor compensation scheme, so it protects client money far less than a UK, Australian or EU licence.
Is TradeUltra regulated in Mauritius?
No longer. Mauritius records show TradeUltra Limited surrendered its Global Business and Investment Dealer licences on 5 August 2024. The website still mentions Mauritius regulation, which is out of date.
Is TradeUltra a clone of another company?
No. The Labuan and Mauritius records both name TradeUltra Limited as the genuine licence holder, so it is its own entity rather than an impersonator of a well-known brand.
Can I withdraw my money from TradeUltra?
Some customers report smooth withdrawals, while others describe slow, document-heavy processes and repeated requests for paperwork. Keep full records and allow extra time for verification.
Is my money safe with TradeUltra?
There is limited protection. The only active licence is an offshore money-broking licence with no compensation fund. If the firm failed, recovering deposits could be difficult.
Who owns TradeUltra?
It trades as TradeUltra Limited. The Labuan regulator's directory lists Mr. Aditya Agrawal as director. The group uses several same-named companies across Labuan, Mauritius, Saint Vincent and Anguilla.
How old is TradeUltra?
The website domain was created in February 2015. The firm markets itself as trading since 2013, which we could not confirm and which predates the domain.
Which countries does TradeUltra not accept?
Its policy excludes the United States, Canada, Singapore, Japan, the United Arab Emirates and a list of sanctioned countries.
What should I check before depositing with TradeUltra?
Confirm which company you are actually contracting with, read the withdrawal terms, and understand that the Labuan licence offers no compensation scheme. Deposit only what you can afford to lose.
What do I do if I think I was scammed by TradeUltra?
Gather all records (deposits, tickets, emails), request your withdrawal in writing, and report the matter to the Labuan Financial Services Authority and to your local financial regulator or police.
What we recommend
The practical takeaway from everything above.
Treat TradeUltra as high-risk and proceed with caution.
- Understand that only a weak offshore Labuan licence is currently in force. There is no compensation scheme if the firm fails.
- Do not rely on the Mauritius licence claim on the site. Those licences were surrendered in 2024.
- If you already have funds there, withdraw in good time and keep records of every deposit, ticket and message.
- Deposit only what you can afford to lose, and be ready for document-heavy withdrawal checks.
- Prefer brokers regulated by a top-tier authority for the account that actually holds your money.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 6, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.