TradeUltra Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- proprietary TradeUltra platform
- FSC Mauritius
- LFSA Malaysia
- 2020
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- proprietary TradeUltra platform
- FSC Mauritius
- LFSA Malaysia
- 2020
Our Evaluation of TradeUltra
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
TradeUltra is a broker with higher-than-average risk and the TU Overall Score of 3.02 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TradeUltra clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
TradeUltra offers Standard, Islamic, and demo accounts. There are no trading restrictions, thus traders can scalp, hedge, trade news, and use advisors. Passive income options are joint accounts, funds, and partnership programs. The costs are low, but the broker lacks transparency since the withdrawal fee is unknown in advance. The broker offers a convenient proprietary platform plus MT4 and MT5, which is an obvious advantage. Unfortunately, the company has regional restrictions and trading CFDs is only available.
Brief Look at TradeUltra
TradeUltra is an STP broker that offers over 3,000 CFDs on currency pairs, stocks, indices, commodities, and precious metals. A minimum deposit of $100 is required to open a live account. A free demo account also exists for exploring the broker and practicing trading strategies. The Islamic account is available upon request. Spreads start from 0 pips, there are no trading fees, and leverage is up to 1:500. Account currency is USD. Passive income options include joint accounts, funds, and partnership programs. The TradeUltra website provides basic technical and fundamental analysis tools, including economic and dividend calendars, statistics on trades and stock markets, and the Forex heat map. Technical support is available 24/5. The broker doesn’t provide training.
- Small minimum deposit, free demo account, and quick user account registration;
- Thousands of CFDs from 6 different groups, optimal leverage, and no trading restrictions;
- Tight spreads, no trading fee, and standard deposit and withdrawal options;
- Passive income options are funds and joint accounts;
- The broker provides for trading through MetaTrader 4, MetaTrader 5, and its proprietary platform;
- Order execution is market with no delays in the trading process;
- Several communication channels to contact technical support, available 24/5.
- The broker's website doesn’t provide information on withdrawal fees;
- TradeUltra offers many instruments, but they are all CFDs;
- The company doesn’t provide its services to residents of Canada, Japan, Iran, and a number of other countries.
TU Expert Advice
Financial expert and analyst at Traders Union
TradeUltra has an international office registered in St. Vincent and the Grenadines. Also, there are representative offices in Mauritius and Malaysia. Thus, the broker has three official registrations and the same number of regulators. Reviews on the internet vary, but expert testing and professional trader reviews confirm that the company provides high-quality services and fulfills its obligations to its clients.
The broker’s important advantage for novice traders is the small first deposit and quick registration under the KYC (Know Your Client) procedure. Moreover, traders don’t need to decide on the account type, since there are only Standard and free demo accounts. The broker provides for registering both individual and corporate user accounts with similar trading conditions. Spreads are always floating starting from 0 pips and there is no trading fee. According to these indicators, TradeUltra competes with leading brokers.
The broker’s clients can be investors and fund managers. Also, there are MAM and PAMM accounts. Thus, novice traders can earn passively, and experienced market participants can receive additional income due to their professional level. The broker lacks transparency, however. For example, unregistered users don’t know anything about minimum deposit and withdrawal fees. Yet, tools for technical and fundamental analyses, like the economic calendar and the Forex heat map, are available without restrictions.
There are no other obvious disadvantages for unregistered users except for non-transparency. The fact that TradeUltra provides for trading only CFDs, is not a disadvantage. CFD brokers are a separate type of company, which are quite popular. To sum up, the broker can be recommended for review. At least, it’s worth opening a free demo account to study all the opportunities yourself.
TradeUltra Summary
| 💻 Trading platform: | MT4, MT5, and the proprietary TradeUltra platform |
|---|---|
| 📊 Accounts: | Demo, Standard, and Islamic |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfers, Visa, and Mastercard |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0 pips |
| 🔧 Instruments: | CFDs on currency pairs, stocks, indices, commodities, and precious metals |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market |
| ⭐ Trading features: |
Free demo account; One live account type + Islamic; Low entry threshold; Over 3,000 assets from 6 different groups; Tight spreads without trading fees; Passive income options; Basic analysis tools; No training. |
| 🎁 Contests and bonuses: | Yes |
As a rule, if a broker offers several trading account types, they differ in the minimum deposit and conditions. TradeUltra offers Standard and Islamic accounts. They differ only in the availability of swaps. Therefore, a minimum deposit for both account types is $100. Leverage is available for all CFDs from the broker’s pool and depends on the asset. The highest trading leverage of 1:500 is available for currency pairs. Yet, traders can trade without leverage or choose a smaller indicator. Technical support is available 24/5 and can be contacted by phone, email, and via a ticket system.
TradeUltra Key Parameters Evaluation
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Trading Account Opening
To start working with TradeUltra, register on its official website and get a user account. Verification, which is confirmation of personal information, is required. After that, traders make deposits, download a trading platform, and start trading. TU experts have prepared a detailed guide on registration to eliminate any questions and introduce all features of the user account.
Go to the official website of the broker and click the “Open Live Account” button in the top right corner. You can also click any button with a similar name.
Choose the desired language, account type (trading or managed), and user account type (individual, joint, or corporate). Enter your first and last names, email, phone number, and choose your country of residence. Tick the box to confirm that you are not a bot, and click the “Continue” button.
Choose a trading platform and account currency. Create a password and enter it twice. Choose your title. Enter your date of birth, gender, and citizenship. Choose the document confirming your identity and enter its number. Fill in the remaining fields.
Enter your full registration address with a postal code. If your actual residential address is different from your registration address, enter both of them. Check your phone number and email, and provide your alternative contact details.
Provide accurate information on your bank, in particular IBAN or its alternative. Answer several questions about your financial capabilities.
Answer a few questions regarding your trading experience. Fill in the last block and click the “Continue” button.
Read the client agreement, accept its terms by ticking the box at the bottom of the page, and click the “Continue” button. Check the provided information and click the “Submit” button.
Use your email and password to log into your user account.
Go to the Documents section and choose the My Documents subsection. Upload scans or photos of the required documents to get verified (i.e., confirm your personal information). Wait for the verification to complete.
Go to the Transfers section. Choose your live account type and indicate the deposit method and the amount. Click the “Submit” button and follow the instructions on the screen. Wait for the balance to be replenished.
On the broker’s website or in the MetaTrader portal, download MetaTrader 4 or MetaTrader 5. Also, you can choose the proprietary TradeUltra platform. Install the platform, enter your registration data, and start trading.
Features of TradeUltra’s user account:
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Dashboard. It provides consolidated information on traders’ active accounts;
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My accounts. Here traders can open and close live or demo accounts;
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Transfers. Make deposits, withdrawals, and internal transfers;
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Documents. Upload documents required for verification;
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Profile. Edit personal information and security settings here.
Regulation and safety
Traders can be confident in officially registered companies only. Registration means that a broker operates legally. But it is not enough on the international level. Brokers must be licensed by regulators. Regulation means that brokers’ activities are transparent and their clients are legally protected. TradeUltra Ltd, which owns the TradeUltra brand, is registered in Malaysia and Mauritius. Also, it is registered in St. Vincent and the Grenadines under the TradeUltra Markets Ltd name. The broker is regulated in these countries: Labuan Financial Services Authority Malaysia, Financial Services Commission Mauritius; license numbers are MB/20/0059, GB21026948.
Advantages
- 10+ years in the market
- The company is registered in 3 countries
- Has licenses from 3 regulators
Disadvantages
- Regional protection is not available outside certain countries
- The broker isn’t licensed by a major regulators
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $1.5 | Yes |
| Islamic | $1.5 | Yes |
TradeUltra withholds withdrawal fees regardless of the withdrawal method and amount. In general, its fees are competitive but it is important to know that information prior to the transaction. The comparative table below shows the average trading fees of TradeUltra and two leaders of the direction. The table will help you understand how profitable it is to work with the discussed broker.
| Broker | Average commission | Level |
|---|---|---|
|
$1.5 | |
|
$1 | |
|
$8.5 |
Account types
Standard and Islamic accounts don’t differ in their parameters, except for swaps. Therefore, the choice isn’t complicated. Professional traders can also register joint accounts or funds, and become managers. Traders are recommended to try all available options of the trading platforms. Most users choose MetaTrader 4, since it is easy to use, intuitive, and can be deeply customized. MetaTrader 5 is similar to the 4th version to some extent, but there are essential differences in its interface and features. And finally, the broker’s clients can use its proprietary trading platform. Many users prefer this solution, as it has all the necessary options for comfortable trading in any market.
Account types:
If traders haven’t worked with this broker before, they are recommended to open a demo account first. It provides for exploring the company’s possibilities and practicing without risks of financial losses. Then they are to open Standard or Swap-free (Islamic) accounts subject to their own trading preferences.
Deposit and Withdrawal
When trading on a demo account, traders work with virtual currency, which means they don’t earn anything;
Once traders switch to a live account, they can make income subject to successful trading;
Profits are held in the trader’s account and can be withdrawn partially or in full at any time;
Profits are withdrawn upon a request submitted in a trader’s user account on the broker’s website;
There is no withdrawal limit; the withdrawal period and fees depend on the chosen method;
Available withdrawal methods are bank transfers, Visa, and Mastercard.
Investment Options
First, traders come to brokers to get access to international markets of financial instruments and to trade independently. However, they may also be interested in additional income. Today, copy trading services, joint accounts, and various referral and partnership programs are especially popular. TradeUltra offers several options.
Joint accounts
Users can register as investors or managers of joint accounts. Managers control their accounts and investor sub-accounts. They bid using joint capital, which provides for receiving larger profits. Investors can limit the use of their accounts. For example, they can set a trade participation limit. If a manager’s trade is profitable, all participants receive profits according to their bids. Managers also charge investors a small fee for their services. If trades are unprofitable, everyone loses their bids including managers, who risk their money as well as investors.
Funds
Funds are similar to joint accounts. There are also managers and investors. They differ in that funds totally belong to managers, who define what their portfolios consist of and trade without limits, using all available capital. Interested users get transparent information about the fund and its manager’s success. If they are satisfied with the statistics, they invest in the fund. Usually, funds set the minimum investment level. Thereafter, investors get the part of the fund’s profits subject to invested amounts.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs
TradeUltra provides a profitable partnership. Traders can earn from referred clients. Users who register with the broker using a referral link and start trading will bring a certain percentage of their trading fees to the link owner. On its part, the broker provides a wide range of promo materials to more effectively attract referrals.
Customer support
Traders can have various questions due to their inattention or absence of necessary information on a broker’s website. Also, atypical situations and real problems with trading or making deposits/withdrawals may occur. TradeUltra’s clients can contact its support service with any relevant questions. Support is available 24/5. Current communication channels are call centers, email, and tickets on the website.
Advantages
- Managers respond round the clock on weekdays
- All main communication channels are provided
Disadvantages
- Technical support is not available on weekends
Whether you have already registered with the broker and opened an account or just intend to do so, you can contact technical support with any relevant question. Current communication channels are:
phone;
email;
tickets on website.
The company has profiles on Facebook, X (formerly Twitter), YouTube, LinkedIn, and Instagram. They are also available for contacting support. Subscribe to one of them to stay up to date on the broker’s latest news.
Contacts
| Foundation date | 2020 |
|---|---|
| Registration address |
Office 11, Jamie Business Centre 1, Unit F10, 1st Floor Paragon Labuan Jalan Tun Mustapha, 87000 F.T. Labuan, Malaysia; 33, Edith Cavell Street, Port Louis, 11324, Mauritius; Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, St. Vincent and the Grenadines |
| Regulation | FSC Mauritius, LFSA Malaysia |
| Official site | https://www.tradeultra.com/ |
| Contacts |
+60 3 3099 5585; +230 212 9800; +971 4 293 6900; +44 20 3885 0799
|
Education
Sometimes traders come to brokers with a minimum trading background and no practical experience. However, even traders with intermediate experience and professional players must constantly learn. Otherwise, they will not be successful. That is why some companies offer basic and extended educational programs. TradeUltra doesn’t offer any of those.
TradeUltra assumes that if traders register with it, they have minimal knowledge of financial markets. Plus, they can open a demo account and practice without risks.
Comparison of TradeUltra with other Brokers
| TradeUltra | RoboForex | Pocket Option | Exness | TeleTrade | Deriv | |
| Trading platform |
MT4, MT5, proprietary TradeUltra platform | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
| Min deposit | $100 | $10 | $5 | $10 | $1 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 1.00% |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 0 points |
| Level of margin call / stop out |
No | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of TradeUltra
The broker has been operating for over 10 years. There are no confirmed facts of its non-fulfillment of its obligations and open conflicts with its clients. TradeUltra is licensed by three regulators. It uses an advanced technology stack, including micro-service architecture and virtual servers. Protection is ensured by modern solutions, like SSL-protocols. Moreover, client funds are insured. Order execution speed is within 30 ms, which speaks of a high optimization level. The broker’s pool includes 3,000 financial instruments. Successful support for infrastructure, supplemented by joint accounts, managed funds, and partnership programs for individuals and legal entities, shows a strong basis and the innovative nature of TradeUltra.
TradeUltra by the numbers:
Minimum deposit is $100;
3,000+ CFDs from 6 groups;
Minimum spread is 0 pips;
3 confirmed regulators;
Insurance is up to $1,000,000.
TradeUltra is a CFD broker for novice traders and professionals
Novice traders will appreciate the low entry threshold, as opening a demo account is free, and to activate a live account, only $100 is required. Registration takes only several minutes, and the KYC verification usually takes 1-3 days. There are no restrictions; traders can trade on news events, scalp, hedge, copy trades, and use algorithmic trading and advisors. The broker’s pool includes 3,000 financial instruments, such as CFDs on currency pairs, stocks, commodities, and precious metals. A wide choice of assets is an important advantage for traders. It provides for building a diversified investment portfolio and using different strategies. Moreover, professional traders can become joint account or fund managers to receive additional income or advance their status.
Useful services offered by TradeUltra:
Economic calendar. It is a table of the main economic and political events that can influence quotes. An affected asset and forecasts for its price change are provided for each event.
Stock markets. This service includes popular stocks and indices; and quotes for them are displayed in dynamics. The data is received online, and the detailed asset card can be seen in TradingView. Various time frames are available.
Forex heat map. This is a table with ratios for currency pairs that show their current percentages relative to each other. Currency crossing cells with negative ratios are highlighted in red and other shades, and green and similar shades reflect positive ratios. The analysis is conducted relative to the previously received data.
Advantages:
Demo account is free, while to open a live account, a minimum deposit of only $100 is required;
Leverage is flexible up to 1:500, and there are no restrictions on trading strategies;
Popular MT4 and MT5, as well as the broker’s proprietary solution, are available;
Floating spreads start at 0 pips; no trading fees are charged;
Multilingual 24/5 technical support.
User Satisfaction