If there’s ever a time to stay away from a broker, UF Solution is. The broker has taunted members by blocking all withdrawal attempts. We have a broker who cannot offer much accountability and transparency.
Here’s our complete Ultimatefinancialsolution.com review.
Over the past few months, it’s been clear there have been withdrawal issues with the broker. Complaints started trickling in after the broker decided to ignore calls for answers. Please find out more in our detailed UF SOLUTION REVIEW.
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Despite an alluring and easy-on-the-eye website, it’s all a façade to fool investors. Once you sign up and deposit funds with the broker, it’s all lost. And that’s why we have come up with a solution to ensure no one else fails with the broker.
Those who have lost funds with the broker have issues getting a response. As we suspected, UF Solution is another forex exit scam. There’s no reason to sign up, as signs point to an offshore broker only interested in deposits.
The broker boasts of having over 4 million active accounts. We see the broker claiming to have users from 84 countries. All these are mere information with no facts to back them up. And that’s why we have to expose the broker’s false brokerage.
Those who have invested with ultimatefinancialsolution.com are ruing the decision. There’s been no word from the broker regarding withdrawal issues. Our attempt to get a hold of the broker hit a dead end.
Here’s what we found out that caused a stir in the broker’s online activities.
That’s what the broker wants you to assume once you sign up and deposit funds. But unfortunately, a broker is unlikely to help with any trading solutions. So instead, we have a broker who avails of an unstable trading terminal.
With the sleek website design, one would think the broker would match it with a world-class trading platform. But unfortunately, that’s not the case, and we have a broker who doesn’t offer much in terms of quality or service delivery.
MT4 and MT5 are the only reliable platforms tested by experts and the trading community. So there’s a valid reason why we trust the two platforms. And these include all the exciting features the terminals offer.
For what’s worth it, the broker doesn’t offer much regarding a reliable platform.
Here are the reasons that make it best to use either of the two terminals.
There are four account types to choose from. These include standard, gold, platinum, and VIP. Each of these accounts promises something different to members. Here’s a closer look at what UF Solution furnishes as plans;
Standard
It’s the most basic trading account best suited for newbies. The maximum acceptable deposit is $200 to a maximum of $1,000. Members get a fixed commission of $0.5 with spreads starting from 2.2 pips and a leverage of 1:200.
Gold
It seems the gold account shares the same features as the standard account.
Platinum
Members must deposit a minimum of $5,000 to a maximum of $25,000. In addition, members enjoy a cashback of 1 $ per 5 lots (for one month) and a fixed commission of $0.5.
VIP
It’s the most exclusive account of them all. Members have to deposit over $50,000 to get started. Leverage and spreads remain the same as the standard account. Cashback and commissions are the same as the platinum account.
The broker targets institutional players with a VIP account.
We have to highlight the issue with leverage as it doesn’t fair well with set regulations. With the broker claiming to reside in the UK, you would expect FCA rules to apply. That’s not the case with this brokerage.
Leverage on all accounts starts at 1:200, which is not expected in trading. Regulated brokers comply with a maximum leverage of 1:100. In the United States, retail traders enjoy a leverage of 1:50.
High leverage puts your trading position at risk. Only the broker benefits from it via the commissions earned.
Don’t expect any contact or support from the platform. The broker fails in their duty to offer direct support. Instead of live support, the broker takes your information and starts bombarding you with calls.
These are sales tactics used in the old days. The broker tries to persuade investors to leave their contact details for sale. Third parties, especially marketing agents, are solely looking to invest with the broker.
That’s why you start getting bombarded with spam emails from products you didn’t subscribe to. The broker openly disregards privacy policies and sells your information for ransom.
There are five primary trading assets found on the platform. These include crypto assets, commodities, forex, indices, and stocks.
Commodities on the platform include crude oil, natural gas, and household commodities. In case you’re wondering, household commodities include sugar and wheat.
The broker beats around the bush and fails to offer crypto pairs against major currencies. Instead, you get a broker offering crypto pairs against each other. These cryptos include Bitcoin, Dogecoin, Ethereum, Litecoin, and Ripple.
Forex trading happens to be at the epicenter of the broker’s online activities. You also find a limited number of major pairs. With this platform, you won’t spread risks with exotic or minor currencies.
Indices available include those from America, DAX, and Dow Jones.
Traders also get a glimpse of stocks from leading manufacturing and tech industries. The most tradeable stocks have to be the FAANG group stocks.
The broker lists several funding methods. These include bank and wire transfers. Crypto deposits are available, and the broker only accepts Bitcoin. We don’t recommend this as the broker fails to offer much security.
Withdrawing funds from the platform remains the biggest issue users will likely face with the broker. Unfortunately, these are brokers who don’t take a minute to block withdrawals. So it would be best if you got the right broker to enjoy trading.
A genuine broker offers same-day withdrawal.
UF solution doesn’t offer any documents to support their claim of having from AFS. Aside from that, the UK regulator is the Financial Conduct Authority. So the broker uses false information to claim regulatory compliance.
When choosing a broker, consider those regulated by reputable institutions. These include regulators such as ASIC, BaFIN, CFTC, CNMV, CONSOB, and CySEC. Regulators work to ensure all parties follow protocol.
Without an explicit license, it means your funds are not secure.
No, the brokerage is not profitable for anyone.
Your funds are far from safe with this broker.
Please stay away from this broker.
PS: Invest in proven crypto alternatives that offer good ROI.
Do leave a comment or email us with any queries.
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