In this section we will analyze the broker UteFxPro (also called utefxpro.co.uk), is a fund management broker / Forex, Cryptocurrencies and CFDs. Is UteFxPro really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on UteFxPro. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: UteFxPro Ltd.
As to its location, the broker mentions being based in: UK (this is most likely not true, as it should at least be regulated there, but it is not).
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
Remember that to make a safe investment, the best option (and the safest) are the regulated brokersas they must meet very strict requirements. Instead, when working with a unregulated broker, there is a much higher risk of losing the capital invested, in the event that the company goes bankrupt or is reluctant to return the money as it usually happens.
To learn more about regulations, we invite you to access the following link.
If now we go on to analyze account types offered by UteFxPro, we note that the page does not offer information about owning different types of account.
Las platforms to operate that UteFxPro offers are: UteFxPro's own platform.
We will now analyze the different resources and aids for the trader that UteFxPro provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
UteFxPro provides the following help or resources to traders or interested parties: just some news from the financial field, really not much more than this.
| Other information about UteFxPro |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: does not have.
Email: [email protected]
>>> Assessment on UteFxPro <<
Ending with this section, in our opinion Do we think the UteFxPro company is trustworthy? Should you invest your money with the company?
The truth is that, we recommend to exercise caution, because: it is an unregulated broker, they lie about their location and we do not know where they are really operating from, when looking for reviews about UteFxPro We did not find any other review, we believe that it is a new broker, without a track record. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.