Score
South Africa
|
2-5 years
| https://ukuchumaltd.com
Website
Rating Index
LicensesLicensed Entity：Ukuchuma Financial Services (PTY) LTD
License No. 32535
South AfricaA Visit to Ukuchuma in South Africa -- Finding No Office
The survey team went to South Africa, to visit the the dealer Ukuchuma and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
South AfricaA Visit to Ukuchuma in South Africa -- Finding No Office
The survey team went to South Africa, to visit the the dealer Ukuchuma and found no office at its business address. It was supposed that the dealer might just use that address to register its company, or there was no offline exhibition place. Please be prudent when trading with this broker.
South Africa
ukuchumaltd.com United StatesRisk Warning
The South Africa FSCA regulation (license number: 32535) claimed by Ukuchuma is suspected to be a clone. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Ukuchuma, a trading name of UKUCHUMA FINANCIAL SERVICE (PTY) LTD, is allegedly a financial services company registered in South Africa. Here is the home page of this brokers official site:
As for regulation, it has been verified that Ukuchuma holds a suspicious clone Financial Sector Conduct Authority (FSCA) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.22/10. Please be aware of the risk.
Customer Support
Ukuchumas customer support can be reached by telephone: +27 870948672, email: inquiries@ukuchumaltd.com or send messages online to get in touch. Company address: Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa.
Pros & Cons
| Pros | Cons |
| N/A | • Suspicious clone |
| • Lack of transparency |
Frequently Asked Questions (FAQs)
| Q 1: | Is Ukuchuma regulated？ |
| A 1: | No. It has been verified that Ukuchuma is a suspicious clone firm. |
| Q 2: | At Ukuchuma, are there any regional restrictions for traders？ |
| A 2: | Yes. Ukuchuma does not offer its services to residents of certain jurisdictions such as the USA, Australia, Canada, Turkey and other regions as well as sanctioned countries. |
| Q 3: | Is Ukuchuma a good broker for beginners？ |
| A 3: | No. Ukuchuma is not a good choice for beginners. Not only because of its suspicious clone condition, but also because of its lack of transparency. |
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