ANSWER Ultimate Forex Trade is NOT a licensed broker which claims to equip with trading certification issued by the State Bar of Nevada. However, the details of the alleged trading certification or license proved to be nothing but a fake. Firstly, the domain of Ultimate Forex Trade was created in 2020, while the provided license was issued in 2015, which is illogical and dubious. Secondly, the State Bar of Nevada merely functions as a watchdog for attorneys and provides education and development programs for the legal profession and the public, rather than a financial regulator that approves financial licenses for forex brokers. Our final verdict is that Ultimate Forex Trade is not authorised by any financial regulator, therefore is not subject to necessary and strict laws and principles of operation, resulting in a high risk to trade with it. We advise you to stay away from this broker and any other unregulated brokerages and choose properly regulated brokers. Unfortunately, as for your situation, the chance of getting your funds back is slim. What you should do now is never invest your money in this platform again and report it to your local authorities as soon as possible.
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