WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com

您当前语言与浏览器默认语言不一致，是否切换？

切换

Global Broker Regulation & Inquiry App

Broker Search

English

简体中文繁體中文 English Pусский 日本語 ภาษาไทย Tiếng Việt Bahasa Indonesia Español हिन्दी Filippiiniläinen Français Deutsch Português Türkçe 한국어 العربية

Download

Home -

Broker -

Ukuchuma -

Suspicious Clone

Score

0123456789

/10

Ukuchuma

Item: Ukuchuma
Rating: 1.42

South Africa|2-5 years|

Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://ukuchumaltd.com

Website

Time Machine

Rating Index

Contact

+27 870948672

inquiries@ukuchumaltd.com

https://ukuchumaltd.com

Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa.

Licenses

FSCA Suspicious Clone

South Africa Financial Service Corporate

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

Open Now

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

WikiFX (China)

Download Apk

WikiFX Pro

Warning: Low score, please stay away! 3

Previous Detection : 2024-11-27

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

The South AfricaFSCA regulation (license number: 32535) claimed by this broker is suspected to be clone. Please be aware of the risk!

A 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.

Danger

South Africa

A Visit to Ukuchuma in South Africa -- Finding No Office

Danger

South Africa

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5 Identification

Genealogy

Clones

Keywords

Account Information

Time Machine

Ukuchuma · WikiFX Survey

Danger A Visit to Ukuchuma in South Africa -- Finding No Office

South Africa

Users who viewed Ukuchuma also viewed..

XM

9.05

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

Exness

8.30

Score

10-15 yearsRegulated in CyprusMarket Making(MM)MT4 Full License

Details

Official website

MultiBank Group

8.84

Score

10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

FXCM

9.44

Score

Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License

Details

Official website

Ukuchuma · Company Summary

Risk 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
N/A	• 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.

Broker Information

Company Name

UKUCHUMA FINANCIAL SERVICE (PTY) LTD

Abbreviation

Ukuchuma

Regulatory Status

Suspicious Clone

Platform registered country and region

South Africa

Company website

https://ukuchumaltd.com

Phone of the company

+27 870948672

Facebook

Instagram

YouTube

Company address

Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa.

WeChat

Customer Service Email Address

inquiries@ukuchumaltd.com

Company Summary

Review

0 Comments

Write a comment

No comment yet

Write a comment

TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

WikiFX Survey WikiFX Verification Recommended Broker Real-time Spread Company Summary Broker Information User Reviews