Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
9/10 · CriticalNo licence verified anywhere; the site fabricates CySEC authorisation via an impossible US Ltd entity and a meaningless CBP Regulated tag while taking deposits.
Identity & transparency
9/10 · CriticalSelf-contradictory legal entity, three different brand names on one site, no verifiable registered address or corporate record.
Withdrawals & conduct
4/10 · ModerateNo first-hand fund-integrity complaints tie to this exact domain; footprint is too thin to establish a withdrawal pattern either way.
Reputation
6/10 · HighAlmost no genuine reputation trace for the exact domain, which is itself a warning sign for a site claiming 200+ countries and 115m trades.
Website claims
10/10 · CriticalOutright false claims: fabricated regulation, invented since-2015 history, 2021 awards and inflated volume figures on a domain born December 2024.
Operational history
7/10 · HighComputed track record about 1.7 years on the domain, under three years, and directly contradicted by the advertised 2015 founding.
Who they are
A quick desk file on the company behind the brand.
- Brand: Trade UltraFX (our record: Ultra Trade Fx Live)
- Legal entity: Trade UltraFX US Ltd (named on the site, unverified, no registry record found)
- Registered: No genuine registered address published; jurisdiction not established
- Website: tradeultrafx.com (certificate now expired); ultratradefxlive.com does not resolve
- Only licence: None verified. The site claims CySEC regulation and calls itself CBP Regulated; neither is real
- Offers: Forex, CFDs on indices and oil, metals, bonds and cryptocurrencies via MetaTrader 4 and 5
- Not accepted: No published restricted-countries list; base currencies USD, EUR, RSA and INR point at South Africa and India
- Age claim: Advertises since 2015 and a 2020 trading record, but the domain dates only to December 2024
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Cyprus Securities and Exchange Commission (CySEC)
CBP
Why we reached this verdict
How the evidence adds up.
We reached Likely Scam because the broker makes several false statements about itself and holds no licence we could confirm.
- Fabricated regulation. The footer states the group includes Trade UltraFX US Ltd, a financial services company authorised and regulated by CySEC. That is internally impossible, carries no licence number, and does not appear on the CySEC register of Cypriot investment firms. The homepage title separately claims CBP Regulated, which is not a financial regulator at all.
- Invented history. The copyright reads 2015 to 2025 and the site cites 2020 trading volumes and 2021 industry awards, but the domain was first registered on 16 December 2024. We found no earlier named predecessor domain carrying real history.
- Scam-kit template. One site carries three different brand names (Trade UltraFX, tradeultrapro and IntractiveFXBrokers) plus grand unverifiable statistics such as 200+ countries served and 142 billion in monthly volume. That is a copied off-the-shelf broker template, not a real firm.
- Real money in, nothing verified behind it. It solicits deposits of 500 to 10,000 dollars with 1:500 leverage and no licence to protect that money.
- Young and now neglected. The operation is under two years old, the certificate has since expired, and there are no archived captures after mid 2025.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The archived homepage carries a copyright of 2015 to 2025, cites 2020 trading activity and 2021 awards, yet Verisign RDAP shows the domain was first registered on 16 December 2024. The advertised history predates the domain by about nine years.
E2The site footer states the group includes Trade UltraFX US Ltd, a financial services company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC). No licence number is given, a US Ltd cannot be a Cypriot investment firm, and no such firm appears on the CySEC register.
E3The homepage title tag reads Trade UltraFX Forex/CFDs Trading Your Online Broker CBP Regulated. CBP is US Customs and Border Protection and is not a financial regulator, so this is a false regulation badge.
E4One site presents three different brand names (Trade UltraFX, tradeultrapro and IntractiveFXBrokers) plus grand unverifiable statistics such as 200+ countries serviced and 142 billion average monthly volume, and 2021 awards. This is a copied off-the-shelf broker template.
ModerateBroker archived homepageE5The site solicits deposits from 500 to 10,000 US dollars across Basic, Silver and Premium accounts with leverage up to 1:500 and crypto exposure, while holding no licence we could verify.
E6The live site now returns an expired TLS certificate and there are no web archive captures after mid 2025, indicating the operation was neglected or wound down while its false claims remained published.
E7A reputation sweep across open web search, Trustpilot and broker-exposure listings found no complaints and no genuine reviews tied to the exact domain tradeultrafx.com. Absence of a footprint is a caution for a site claiming millions of trades, not a clean bill.
WeakReputation sweep (open web, Trustpilot, broker-exposure listings)E8The second listed domain, ultratradefxlive.com, is not present in the .com registry and does not resolve, so it provides no additional verified history.
WeakVerisign RDAP
The other side
The strongest case in this broker’s favour.
In fairness, we set out to find an innocent explanation and to weigh what is missing.
- We found no regulator warning naming this exact domain and no confirmed enforcement action, so we did not treat the case as fully proven.
- We found no first-hand withdrawal-theft complaints tied to tradeultrafx.com. The strong evidence here is the site's own false claims, not a documented pattern of stolen funds.
- We checked whether Trade UltraFX might be a regional arm of a genuine CySEC group. No CySEC-authorised firm of this name exists, so that explanation does not hold.
- The very thin public footprint could mean the operation was small or short-lived rather than large-scale. We could not rule that out.
What would change this
What we would need to see to revise the verdict.
Our view would move if any of the following turned up.
- A real, in-force licence for this exact operating entity on a regulator's own register, matching this website, would sharply lower the risk.
- Evidence that the brand genuinely traded from 2015 under a named predecessor domain would remove the age-misrepresentation finding.
- A regulator warning list or an enforcement action naming tradeultrafx.com would push this toward Confirmed Scam.
- Credible, specific first-hand reports of blocked withdrawals or demands for a fee to release funds would also raise it.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is Ultra Trade Fx Live (tradeultrafx.com) a scam?
It shows the clear hallmarks of one. It claims regulation it does not hold, advertises a history that predates its own domain by nine years, and takes deposits with no licence we could verify. We rate it Likely Scam and advise against depositing.
Is Ultra Trade Fx Live regulated?
No regulation could be confirmed. The site claims to be regulated by CySEC through an entity called Trade UltraFX US Ltd, but a US company cannot be a Cypriot regulated firm, no licence number is given, and no such firm is on the CySEC register. Its CBP Regulated tag refers to the US customs agency, which is not a financial regulator.
Can I withdraw my money from this broker?
We cannot assure you that you can. The operator has no verified licence, misrepresents itself, and the site now appears neglected. An unregulated broker has no supervisor to force a payout, so treat any deposit as money you could lose.
Is my money safe with Ultra Trade Fx Live?
No. There is no confirmed licence and no evidence of client-fund protection or segregation. Deposits of 500 to 10,000 dollars are solicited with no regulatory safety net behind them.
Who owns and operates it?
The site names Trade UltraFX US Ltd and refers to a tradeultrapro group, but we found no genuine corporate registry record confirming any of these entities or a real registered address.
How old is this broker?
The main domain tradeultrafx.com was registered on 16 December 2024, making the operation under two years old, despite the site claiming it has traded since 2015.
Does it really hold a CySEC licence?
No. CySEC only authorises Cypriot investment firms. A company described as a US Ltd cannot hold that authorisation, and no firm of this name appears on the CySEC register. The claim appears fabricated.
What is the CBP Regulated claim on the site?
The homepage title calls the broker CBP Regulated. CBP is US Customs and Border Protection, a border agency that does not license or supervise brokers. Using it as a regulation badge is misleading.
Is it a clone of a real broker?
We did not find it impersonating one specific well-known regulated firm. Instead it fabricates its own regulation and mixes several brand names in one template, which points to a generic scam kit rather than a targeted clone.
What should I do if I already deposited or was scammed here?
Stop depositing, request a full withdrawal in writing, and preserve all records and communications. Do not pay any fee demanded to release funds, and be cautious of recovery services that approach you, as many are follow-up scams.
What should I check before depositing with any broker?
Confirm the licence number directly on the regulator's own public register, check the company is a real registered entity, look for independent withdrawal reviews, and be wary of inflated stats, fake awards, and founding dates that predate the website.
What we recommend
The practical takeaway from everything above.
Treat this broker as unsafe and do not deposit.
- Do not send money or personal identity documents to tradeultrafx.com.
- If you already deposited, stop adding funds, request a full withdrawal in writing, and keep every record.
- Do not pay any tax, verification or unlock fee asked for before a withdrawal. That is a common second-stage trap.
- Verify any regulation claim yourself on the regulator's own register before trusting a broker, and be wary of recovery agents who contact you afterwards.
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 22, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.