UTGX: company reviews, detailed information analysis
Review of the UTGX Company: Warning About Potential Risks
UTGX, a self-proclaimed leader in online trading in the Forex and CFD markets, is currently seen as a newcomer in this field. Our goal is to warn prospective clients about potential risks.
Information Provided About the UTGX Company
The first impression of the utgx.pro website is quite modest: a minimalist menu, standard content, and a lack of important details such as links to social media or contact phone numbers.
Even the company logo is missing, replaced by the ULTRA TRADE logo on the homepage.
No information about the connection between UTGX and ULTRA TRADE has been found. ULTRA TRADE is only mentioned on pforex.com.
The utgx.pro domain was registered fairly recently.
The “About Us” section contains information that seems implausible and typical of fraudulent brokerage firms.
Documents Regulating UTGX’s Activities
The website lacks clear and detailed information about the company and the services offered. The documents presented on the website do not provide clear indications of regulating the company’s activities.
There are no mentions of licenses or permits, and the presented “registration number” of the company raises doubts.
Offers for UTGX Clients
The website presents numerous promises, but they lack specificity and figures. There is no information about the size of leverage and other important trading conditions.
The information on the website suggests that UTGX is still preparing for full-fledged operations.
Risks of Deception by UTGX
- Substitution of real quotes with false data;
- Account blockage without explanations or references to vague documents;
- Slowing down server response to complicate the trading process.
There are no clear signs of regulation and licensing, indicating possible fraudulent intentions of the company.
Conclusions: Can UTGX Be Trusted?
The UTGX company is a typical example of a one-day broker, and the recommendation is to avoid interacting with it. Unreliable promises, lack of licenses, and registrations indicate potential risks of entrusting your funds to this company.