High Risk
Reported as a scam / unregulated
SF-700841registry entry
Why Ukuchuma is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.