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Ukuchuma

Operating status: SCAM

Website: https://ukuchumaltd.com/

Broker violations and abnormal records
  • Jul 25, 2022 BrokersView has Reviwed that Ukuchuma is an Unregulated Forex Broker

    Ukuchuma claims it is a South Africa Investment Firm, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP License Number 32535. We do find a match result to Ukuchuma in FSCA. But as per the details shown on FSCA, we found this broker has no authorization to provide derivative investment. That means Ukuchuma is not under valid regulation to provide forex services and products. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    Ukuchuma claims it is a South Africa Investment Firm, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP License Number 32535. We do find a match result to Ukuchuma in FSCA. But as per the details shown on FSCA, we found this broker has no authorization to provide derivative investment. That means Ukuchuma is not under valid regulation to provide forex services and products. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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