Ukuchuma's Official Website Cannot Be Accessed Properly At The Moment. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Purposes Only.
2022-07-26 We Have Confirmed Upon Review That Ukuchuma Is An Unregulated Foreign Exchange Dealer
Ukuchuma Claims To Be An Investment Company Located In South Africa, Authorised And Regulated By The Financial Sector Conduct Authority Of South Africa (FSCA) With FSP Operating License Number 32535. We Did Find Results Matching Ukuchuma In The FSCA. But Based On The Details Shown On The FSCA, We Found That The Dealer Is Not Authorised To Provide Derivatives Investment Services. This Means That Ukuchuma Is Not Effectively Regulated To Provide Forex Services And Products. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Laws. It Is A Fake Trader.
Due To The Inability To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For The Regulation, It Has Been Verified That Ukuchuma Does Not Currently Have Any Valid Licenses.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Ukuchuma As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
