UltimateMarket Added to Warning List by The Financial Commission and FCA

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, announced that it has added UltimateMarket to its Warning List.

Concerned traders have notified the Financial Commission regarding the company UltimateMarket and its associated website. 

Upon reviewing the submitted information from potential customers of this broker, the Financial Commission has determined that the indicated company and associated website may be used to scam and defraud traders and investors.

As such, the Commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps. 

Given this information, UltimateMarket will be placed on the Financial Commission's Warning List.

Additional, the UK's financial watchdog FCA also added the company to its warning list on last Friday (February 1st), stating that the firm is not authorized or registered by the regulator.