Problem UltraCap Trading is a SCAM be aware

[AssiaMiloudi]

THEY DON’T PAY OUT​

I passed the evaluation and was funded. I made 8.6% in profit just for them to close my account and tell me it was an internal error and i have to be funded with a new account, they refused to pay me back the 8.6% i already made on the first funded account claiming “they weren’t approved” due to a hidden consistency rule on the terms and service link that doesn’t even WORK, the rule it self doesn’t make any sense and they have a hidden footer that says you can be denied payouts if they feel you are not fit, meaning they will deny you big payouts, DO NOT rely on this firm for a future and there is a reason they don’t provide pay out proofs. I’m taking my case to the ASIC that they claim they are regulated by and again unless they resolve my issue and i change this review please stay away. Also i had a live conversation with the owner RJ that ended up blocking me from Ultracap’s discord and for some reason NNFX discord (affiliated with them) blocked me instantly too without any problems. They are all hiding for ultracap’s BS. Again they will deny you and blame it on your strategy not being fit for what they are looking for because of that footnote. STAY AWAY. Attached are my proof of funding and the proofits i made, also owner making fun of me for not seeing a consistency rule hidden in a link that doesn’t work.Ultracaptrading.com

 

[FxMaster]

THEY DON’T PAY OUT​

I passed the evaluation and was funded. I made 8.6% in profit just for them to close my account and tell me it was an internal error and i have to be funded with a new account, they refused to pay me back the 8.6% i already made on the first funded account claiming “they weren’t approved” due to a hidden consistency rule on the terms and service link that doesn’t even WORK, the rule it self doesn’t make any sense and they have a hidden footer that says you can be denied payouts if they feel you are not fit, meaning they will deny you big payouts, DO NOT rely on this firm for a future and there is a reason they don’t provide pay out proofs. I’m taking my case to the ASIC that they claim they are regulated by and again unless they resolve my issue and i change this review please stay away. Also i had a live conversation with the owner RJ that ended up blocking me from Ultracap’s discord and for some reason NNFX discord (affiliated with them) blocked me instantly too without any problems. They are all hiding for ultracap’s BS. Again they will deny you and blame it on your strategy not being fit for what they are looking for because of that footnote. STAY AWAY. Attached are my proof of funding and the proofits i made, also owner making fun of me for not seeing a consistency rule hidden in a link that doesn’t work.Ultracaptrading.com

A few steps that you must follow to draw their attention to your issue,
Follow the suggested steps below:

If you deposited your money via credit card, contact customer care ASAP and ask them to file a chargeback.
Go to their website and invite them to here via Live Chat
Invite them to join this thread via email (Send an email to every possible address).

You will find their email and address here:

Contact Us | Trade Up Capital Fund | UltraCap Trading

Get in touch with UltraCap Trading and learn how our Funded Trading Program can help you reach your trading goals. Our experienced team is ready to answer your questions and provide the support you need to succeed.

ultracaptrading.com

Also, Share your story as a review here:

https://www.forexpeacarmy.com/forex-reviews/21338/ultracaptrading-review

You can also make a complaint with the regulators mentioned here:

• While UltraCap Trading doesn’t operate under a financial services license—since we’re a trading recruitment service and not a provider of financial, investment, or banking products—we adhere rigorously to regulatory standards. We operate in strict compliance with the Australian Securities and Investments Commission (ASIC) and under Australian Consumer Law.
  Our Live Portfolio Managers (LPMs):
  Our LPMs are contracted professionals who manage live-funded accounts on our behalf. They are not consumers who are buying and selling assets or investments. These allocations are administered through bridge and hub technology that complies with ISO27001, an internationally recognized standard for information security management systems.
  Our Technology Partnerships:
  We exclusively collaborate with regulated brokers, liquidity and margin providers.
  Indirect Regulation:
  By aligning ourselves with regulated entities and adhering to international security standards, we offer a form of indirect regulation. This ensures that our services to funding partners are both safe and secure, while also providing transparent and stable liquidity to our contracted LPMs.
  Our Compliance Credentials:
  ISO27001 Certification for Information Security via our margin account: Ensures that we adhere to international standards for information security management.
  • Australian Consumer Law (ACL): Provides consumer guarantees and protections, ensuring that we operate in a manner that is fair to consumers.
  • Consumer Protection and Fair-Trading Laws: Governed by the Australian Competition and Consumer Commission, these laws ensure that we operate transparently and fairly.
  • LEI Certification: The Legal Entity Identifier (LEI) is a global identifier that provides transparency in financial transactions, ensuring that we are easily identifiable in the global marketplace.
  • Australian Company Director Obligations: We adhere to the responsibilities and obligations outlined in the Corporations Act 2001, ensuring ethical and lawful management of the company.
  • ASIC Registration/Compliance: While we are not a financial service provider and therefore do not hold an Australian Financial Services License (AFSL), we are still governed by the Australian Securities and Investments Commission (ASIC). This ensures that we operate in compliance with corporate laws, adhere to ethical business practices, and maintain transparency in our operations.
  By maintaining these compliance credentials, we aim to provide a secure, transparent, and trustworthy environment for all our traders and funding partners.

You can also share your story on their social media pages mentioned below:

UltraCap Trading | Sydney NSW

UltraCap Trading, Sydney, Australia. 242 likes · 80 talking about this. Australian Prop Industry Recruitment Firm, supporting talented traders to build successful careers

www.facebook.com

https://www.instagram.com/ultracaptrading/

Join the UltraCap Trading Discord Server!

Join UltraCap Trading's Discord for exclusive resources, real-time market insights, and a supportive trader community. | 1510 members

discord.com