About Ultraprime4x
Company Overview
Ultraprime4x is a forex and CFD broker registered in the United Kingdom, with its registered address at 46A Shelton St, London WC2H 11JQ. The company was founded on 4 January 2022, making it a relatively new entrant in the retail brokerage space. Despite its UK registration, the broker is not authorised or regulated by any financial authority, which is a critical consideration for traders.
Regulatory Status
Our records confirm that Ultraprime4x holds no regulatory licences from any major financial regulator, including the UK's Financial Conduct Authority (FCA) or other bodies such as CySEC or ASIC. This absence of oversight means there is no external compliance framework ensuring client fund segregation, transparent pricing, or recourse in case of disputes. Traders should exercise extreme caution when dealing with unregulated brokers.
Account Types and Conditions
The broker offers three ECN account tiers, differentiated by minimum deposit and maximum leverage. The Basic ECN requires a $100 minimum and offers leverage up to 1:1000, which is extremely high and exposes traders to significant risk of rapid losses. The Classic ECN starts at $1,000 with 1:500 leverage, while the Premium ECN requires $5,000 and offers a more conservative 1:400 leverage. All three are marketed as 'ECN', suggesting direct market access, but without regulatory verification, these claims cannot be independently confirmed.
Trading Instruments
Ultraprime4x limits its tradable assets to Currencies and Precious Metals, offering a narrow product range compared to multi-asset brokers. This focus may appeal to traders specialising in forex and gold/silver, but those seeking indices, commodities, or cryptocurrencies will need to look elsewhere.
Risk Considerations
The combination of high leverage (up to 1:1000) and lack of regulation creates a high-risk environment. Leverage of this magnitude can amplify both gains and losses dramatically, potentially leading to negative balances if the broker does not provide negative balance protection. Additionally, the absence of a regulatory authority means traders have no formal channel for complaints or compensation.
Overview compiled by FXCanary from regulatory records and public data. full Ultraprime4x review