Overview of Pro Ultimate Trade
Pro Ultimate Trade, established in 2021, is a trading company based in Canada offering a platform to trade various assets including Forex, indices, cryptocurrencies, energies, and shares. Despite being unregulated, it has grown its services to include four types of accounts: startup, standard, premium, and diamond, all with a minimum deposit requirement of $500.
Pro Ultimate Trade extends its leverage up to 1:100 for cryptocurrencies and up to 1:500 for energies, with spreads as low as 0. The company utilizes renowned trading platforms MT4 and MT5 and offers a demo account for potential clients wishing to test the services.
Deposits and withdrawals can be made through cryptocurrencies like BTC, ETH, and LTC, or via the Perfect Money payment system. For any inquiries or support, customers can reach out through phone, email, or social media.
Is Pro Ultimate Trade Legit or a Scam？
Being unregulated implies that Pro Ultimate Trade does not operate under the supervision or regulation of any financial regulatory body, which generally monitor financial institutions to ensure legal compliance, transparency, and the integrity of operations, providing an extra layer of protection for customers and their funds.
For Pro Ultimate Trade, potential users should be aware of these risks and consider the lack of regulatory oversight when evaluating the safety and reliability of the company. Additionally, conducting thorough research, reviewing user experiences and feedback, and reading the terms and conditions of service are crucial steps in assessing the credibility of unregulated trading platforms
Pros and Cons
Pros:
Variety of Tradable Assets: Pro Ultimate Trade offers a broad spectrum of assets to trade including Forex, indices, cryptocurrencies, energies, and shares, allowing diversification and a wider range of options for traders.
Multiple Trading Platforms: The availability of both MT4 and MT5 platforms implies that users have the flexibility to choose a trading interface that best suits their needs and preferences.
Low Spreads: Offering spreads as low as 0 can lead to lower trading costs, potentially resulting in higher profits for traders.
Demo Account: The availability of a demo account allows potential clients to test the platform and practice trading strategies without risking real money, facilitating informed decisions about whether to use the service.
Various Account Types: With options like startup, standard, premium, and diamond accounts, traders have the flexibility to choose an account type that aligns with their trading needs and financial capabilities.
Cons:
Unregulated: Pro Ultimate Trade is unregulated, exposing users to potential risks due to the absence of oversight from any financial regulatory body, which could mean a lack of protection and recourse for traders.
High Minimum Deposit: A minimum deposit of $500 may be considered high for some traders, especially those who are just starting out and looking to trade with lower stakes.
Risk of High Leverage: Offering high leverage, up to 1:100X for cryptocurrencies and up to 1:500X for energies, can amplify both gains and losses, potentially leading to significant financial detriment for inexperienced or uninformed traders.
Limited Customer Support Channels: While phone, email, and social media are available, the absence of a live chat option might limit the immediacy of support response, which can be crucial in time-sensitive trading situations.
Limited Payment Options: The restricted choice of payment methods for cryptocurrencies and Perfect Money may inconvenience some users who prefer using other payment options like bank transfers, credit/debit cards, or other e-wallets.
Market Instruments
Pro Ultimate Trade offers a diverse range of market instruments allowing users to trade various assets. These include:
Forex (Foreign Exchange): Pro Ultimate Trade provides access to major, minor, and exotic currency pairs including but not limited to EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCAD, and USDCHF, allowing traders to participate in the largest financial market in the world.
Cryptocurrencies: Traders have the option to diversify their portfolios with a variety of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, and EOS, tapping into the dynamic and rapidly evolving digital asset market.
Indices: Pro Ultimate Trade offers trading opportunities in several major global indices including S&P 500 and Japan Index, enabling investors to speculate on the overall market movements.
Commodities: Investors at Pro Ultimate Trade can venture into commodities trading with assets like Gold, Crude Oil, and Natural Gas, diversifying their investment across various market sectors.
Agricultural Products: Additionally, trading in agricultural products like corn is also available for those looking to explore different asset classes and market segments.
Shares and Energies: The platform also lists shares and energies, expanding the range of tradable assets for its users
Account Types
Pro Ultimate Trade offers four account types. Here are the detailed information about them.
Startup Account:
The Startup Account is suitable for those who wish to start with a smaller investment, ranging from $500 to $1,000. Investors can earn 210% from a $500 account, 280% from a $700 account, and 360% from a $1,000 account, all within 7 working days. This account type is likely best suited for individuals who are new to trading or are looking to test the waters with a lower financial commitment.
Standard Account:
The Standard Account caters to traders willing to invest between $2,000 and $5,000. The earnings potential of this account includes 400% from a $2,000 account, 450% from a $3,500 account, and 490% from a $5,000 account in 7 working days. It may be ideal for traders with a moderate risk appetite looking for significant returns within a short time frame.
Premium Account:
The Premium Account is designed for traders willing to commit a substantial investment of between $10,000 and $20,000. Within 7 working days, traders can earn 500% from a $10,000 account, 530% from a $15,000 account, and 550% from a $20,000 account. This account may appeal to more experienced traders seeking high returns and who are comfortable with a higher level of risk.
Diamond Account:
The Diamond Account is the premium tier for high-net-worth individuals willing to invest between $25,000 and $50,000. The return rates for this account type are 610% from a $25,000 account, 690% from a $35,000 account, and 720% from a $50,000 account, all achievable within 7 working days. This account type is intended for seasoned investors who are knowledgeable and fully aware of the associated risks with high investment trading and are looking for maximum return potential.
How to Open an Account？
Opening an account with Pro Ultimate Trade can be broken down into the following steps.
Visit the Official Website: Navigate to the official website of Pro Ultimate Trade. Ensure that the website is legitimate to avoid phishing or fraudulent sites.
Locate and Click on “Sign Up” button :Find the “Sign Up” option on the homepage, usually prominently displayed, and click on it to start the registration process.
Complete the Registration Form:Fill out the registration form with the required personal information such as your name, email address, phone number, and password. Ensure all information is accurate and secure.
Select Account Type:Choose the preferred account type based on your investment range and trading needs. Pro Ultimate Trade offers Startup, Standard, Premium, and Diamond accounts.
Deposit Funds:After verifying your account through a link sent to your email, log in to your new account, and make the initial deposit using the available payment options like cryptocurrencies or Perfect Money. Ensure the deposit meets the minimum requirement for the selected account type.
Leverage
The leverage for the respective instruments at Pro Ultimate Trade is as follows:
Cryptocurrencies:Pro Ultimate Trade provides a selection of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, Ripple, and EOS, each offering a leverage of 100X. This allows traders to potentially amplify their gains, but it also magnifies the risks involved, especially given the highly volatile nature of the cryptocurrency market.
Forex:The platform offers trading in the Forex market, allowing transactions in currency pairs like EUR/USD, with a considerably high leverage of 1000X. This provides an opportunity for traders to capitalize on price movements in the currency markets, but such high leverage also poses significant financial risks if the market moves unfavorably.
Indices:Indices such as the S&P 500 and Japan Index can be traded with leverages of 100X and 5000X respectively. Trading indices provides an opportunity to profit from the overall movement of a basket of stocks, but the use of high leverage increases the potential for both gains and substantial losses.
Commodities:Commodities like Gold and Crude Oil are available for trading with leverages of 5000X and 100X respectively. While trading commodities can be a way to diversify an investment portfolio, the impact of leverage means that market movements can greatly affect profitability, and losses can exceed initial investments.
In every case, traders should exercise caution, employ risk management strategies, and consider their risk tolerance levels, especially when using high leverage on an unregulated platform like Pro Ultimate Trade.
Spreads & Commissions
Pro Ultimate Trade offers spreads as low as 0.Typically, lower spreads are advantageous as they reduce the cost of trading, but its crucial for traders to consider other potential fees or commissions that might apply, and to clarify the exact spread and fee structure directly with Pro Ultimate Trade or refer to the official website or user agreement for precise and up-to-date details.
Trading Platform
Pro Ultimate Trade utilizes both the MT4 and MT5 trading platforms. These platforms are well-renowned in the trading community and are recognized for their advanced charting tools, algorithmic trading capabilities, and user-friendly interface.
Traders can access a range of markets and financial instruments, execute trades, and manage their accounts efficiently through these platforms. It's essential for users to familiarize themselves with the features and functionalities of the chosen platform to navigate and trade effectively.
Deposit & Withdrawal
Pro Ultimate Trade has defined mechanisms for deposit and withdrawal, incorporating several dimensions to cater to different user preferences.
Payment Methods: Pro Ultimate Trade accepts cryptocurrencies, includingBTC, ETH, and LTC, and also the Perfect Money International payment system, catering to users who prefer digital assets and e-payment solutions.
Minimum Deposit: The minimum deposit requirement at Pro Ultimate Trade is $500, which is the entry point for the Startup Account, allowing users to participate in trading activities on the platform.
Deposit Limits: While the minimum deposit is specified, there is no explicit information given regarding the maximum deposit limit. The highest mentioned range is for the Diamond Account, which goes up to $50,000. However, it is crucial to verify if there are any additional restrictions or specifications directly with the platform.
It's essential to consider the security measures in place for transactions, given the platform‘s unregulated status, to safeguard against potential risks.Users should also inquire about withdrawal limits, potential restrictions, and conditions that might apply, ensuring a clear understanding of the platform’s financial operations.
Customer Support
Pro Ultimate Trade extends its customer support mainly through its official website, www.proultimatetrade.com, and via email at support@proultimatetrade.com, where clients can direct their queries, concerns, or any required assistance.
Nonetheless, customers may also consider reaching out via mail to their official address at 5815 Nelson Ave, Burnaby, BC V5H 3H6 in Canada for formal communications or specific concerns.
Potential users should verify the availability and responsiveness of customer support when considering the reliability and credibility of the platform.
Conclusion
Pro Ultimate Trade is a Canada-based trading platform, established in 2021, offering diverse trading options through MT4 and MT5 platforms. However, its unregulated status and the absence of clear customer support avenues, apart from email and the official website, raise significant concerns.
The platform promises high returns and provides various account types, high leverage, and low spreads, but the lack of regulatory oversight necessitates careful consideration and scrutiny by potential users. Due diligence is crucial before making any investment decisions with such platforms to mitigate risks associated with unregulated trading entities.
FAQs
Q: What is the minimum deposit required to open an account with Pro Ultimate Trade？
A: The minimum deposit required to open a Startup Account with Pro Ultimate Trade is $500.
Q: What trading platforms does Pro Ultimate Trade offer？
A: Pro Ultimate Trade offers the MT4 and MT5 trading platforms, known for their advanced charting tools and user-friendly interfaces.
Q: What types of assets can I trade on Pro Ultimate Trade？
A: Users can trade a variety of assets including Forex, cryptocurrencies like Bitcoin and Ethereum, indices like the S&P 500, and commodities like Gold and Crude Oil.
Q: What is the leverage provided by Pro Ultimate Trade for cryptocurrency trading？
A: For cryptocurrencies, Pro Ultimate Trade offers leverage up to 100X.For commodities,it can be up to 1:500.
Q: What are the deposit methods available？
A: Deposits can be made using cryptocurrencies such as BTC, ETH, and LTC, or via the Perfect Money payment system.
