Ultimate Pinnacle is an online international service provider that’s been providing excellent trading products to traders all over the world, since it was founded in 2003. Ultimate Pinnacle provides traders the opportunity to trade from a broad range of trading instruments such as Forex, Indices, Shares, Commodities, and Cryptocurrencies.
Ultimate Pinnacle’s lack of regulation by a major financial authority is a significant red flag. This means you’re exposed to greater risk when trading with them. Consider choosing a broker regulated by a reputable body like the FCA in the UK, CySEC in Cyprus, or ASIC in Australia. These regulators provide crucial investor protections when trading forex and CFDs.
Ultimate Pinnacle Review – Table of content
Security of Funds
Ultimate Pinnacle client’s funds are kept fully segregated from the company’s funds in top tier banks and data are secured by a SSL-secured Portal.
Ultimate Pinnacle Trading Platforms
Ultimate Pinnacle provides the popular MetaTrader 5 trading platform for pc, mac, tablet, and mobile devices.
MetaTrader 5
- The most powerful platform in the world
- Analytic abilities
- Secure
- Easy accessibility
- MetaTrader 5 expert advisors
- User-friendly
Trading Tools
- Daily Market Analysis
- Economic Calendar
- Economic News
Ultimate Pinnacle Accounts
- Standard
- SWAP-FREE
- ECN
- VIP Pro
Cost
Ultimate Pinnacle offers variable spread from 0.0 pip, maximum leverage of 1:1000, and minimum deposit of $100. Deposits can be made via visa/master, bank transfer, skrill, tether, neteller and unionpay.
Also read: TOP 5 technologies that will change the world
Ultimate Pinnacle Client Support
Ultimate Pinnacle provides a 24/5 customer support via email, telephone, live chat, and email,
Regulation
Ultimate Pinnacle claims to be registered under a company in Belize, but that registration does not constitute regulation for forex and CFD trading.
Here’s the breakdown:
- Ultimate Pinnacle claims regulation: They state they operate in “several key locations and regulatory environments.” However, their claimed registration in Belize (Registration No. 173474) likely refers to general company registration, not financial regulation.
- Belize’s SVG FSA: The Belize International Financial Services Commission (IFSC) does not regulate forex trading. So, even if they were registered with the IFSC, it wouldn’t provide the protections you’d expect from a forex broker.
Why regulation matters:
- Financial safeguards: Reputable regulatory bodies require brokers to segregate client funds, which protects your money in case the company faces financial issues.
- Fair trading practices: Regulations help prevent brokers from manipulating prices or engaging in other unfair activities.
- Dispute resolution: If you have a problem with a regulated broker, you can often file a complaint with the regulator for investigation and potential resolution.
Want to save money? Try those 5 tips
Conclusion – Ultimate Pinnacle Review
Ultimate Pinnacle is a forex and CFD broker that has some positive aspects but also a major red flag. Here’s a breakdown:
Pros:
- Wide range of trading instruments: Ultimate Pinnacle offers forex, commodities, and other CFDs.
- MT5 trading platform: This platform is popular among experienced traders for its advanced features.
- High leverage: This can magnify gains (and losses).
Cons:
- Unregulated: This is the biggest concern. A lack of regulation means there’s no oversight to protect your funds. In the event of a dispute or the company going out of business, you might have difficulty recovering your money.
- Guaranteed no slippage: This sounds good, but it’s uncommon and can be a sign of a market maker broker, which can manipulate prices against you.
Ultimate Pinnacle is a well regulated online broker. Ultimate Pinnacle offers 4 different trading accounts with the popular MetaTrader 4 trading Commodities, and Cryptocurrencies. Ultimate Pinnacle offers variable spreads from 0.0 pip, maximum leverage of 1:1000, and minimum deposit of $100. Client’s funds are also kept secured and reliable customer support is available around the cock. 24/5.
