UltraTrend
We checked UltraTrend against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
It claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the right to regulate foreign exchange. In addition, it claims to have an office address in the UAE. Upon investigation, no matching information was found in Central Bank of U.A.E. (CBUAE), Securities and Commodities Authority (SCA) and DuBai Financial Services Authority (DFSA). In essence, UltraTrend is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. UltraTrend appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report UltraTrend.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.