FxGecko reminds investment enthusiasts that choosing a platform that is regulated by reliable regulatory agencies is crucial. Understanding the historical background of the platform, researching the trading conditions provided by the platform, trading software, and customer service are all essential processes.
Before choosing a foreign exchange platform for investment, it is essential to conduct sufficient research and investigation in order to better obtain investment security and a better trading experience. (More Forex complaint)
Recently, a foreign exchange platform caught the attention of FxGecko, with investors complaining through the FxGecko app, exposing the malicious manipulation of customers' positions by the black platform Ultima Markets!
The whistleblower stated that the UM platform has a leverage of 2000 times less than $10000, with an exposure ratio of 50%. I started trading with a net short position of $6700, and a floating loss of 4007 resulted in two 5-hand gold orders being sold. There were 30 gold orders in my position with a maximum floating loss of 4007. I started trading because there was almost no market during the late night trading, and my position was relatively heavy. I only saw that the exposure ratio was 106% and the orders were sold out. Afterwards, my computer MT4 account became invalid, I can only log in by changing my password through the backend. The platform's risk control personnel did not send me an email, make a phone call, or change my MT4 password without my consent, which stopped my EA operation and caused me losses. After the opening, other orders made a profit, but the platform caused my 10 gold orders to lose money.
Ultima Markets Company Introduction
UltimaMarkets was founded by a group of like-minded trading experts, committed to providing investors with excellent trading experiences. Since its establishment, we have developed into an internationally renowned financial service provider and become an industry leader.
UltimaMarkets provides customers with a wide range of financial instruments, including currency pairs, metals, energy, commodities, indices, cryptocurrencies, and stock price difference contracts. Our success cannot be separated from continuous improvement, as we are improving trading conditions in a more systematic way. Our business is customer-centric. Therefore, our primary task is to optimize the quality of our services. Our business philosophy is highly customer-oriented. Our commitment to excellence makes us one of the leading foreign exchange brokers.
Ultima Markets displays 2 license plates on the FxGecko app. Publicly claiming that the regulatory status of the Mauritius FSC held is over limit operation, and the regulatory status of the Cyprus CySEC is offshore supervision, there is no guarantee for the safety of investor funds.
FxGecko risk warning: Ultima Markets forex platform associated with 70 risks; 7 monitoring and early warning measures. Pay attention to early warning!
Ultima Markets, FxGecko APP has a score of 1.86 and a low credit rating. Investors are advised to stay away!
