In an attempt to appear legitimate, Ultranovas displays an address in the UK. If Ultranovas is going to provide financial services or products in the country, it is required to obtain authorization from the Financial Conduct Authority (FCA). However, the UK financial watchdog has put the broker on its warning list as an unauthorized firm.
In essence, Ultranovas is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
In an attempt to appear legitimate, Ultranovas displays an address in the UK. If Ultranovas is going to provide financial services or products in the country, it is required to obtain authorization from the Financial Conduct Authority (FCA). However, the UK financial watchdog has put the broker on its warning list as an unauthorized firm.In essence, Ultranovas is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.