Ubrokers is a new broker that was founded in 2020 and it is difficult to find a review about it. The brokerage center offers forex and CFD trading for clients within the European Economic Area.
He is practically unknown among novice traders. You can find only a few reviews of the brokerage on the Internet, and some of them have been paid for. It should be said right away that Ubrokers is not a reliable broker, you will understand this from the review.
Contents of the review
| Official site | https://www.ubrokers.com/eu |
| Related brokers | 24Option, InvestMarkets, ForexTB, Investous |
| Year of foundation | 2020 |
| Regulated by | Hellenic Capital Market Commission (HCMC) |
| Trading instruments | 260+ assets CFDs on forex, stocks, indices, etf, commodities, cryptocurrencies (bitcoin, litecoin, etc.) |
| Spreads and commissions | High floating spreads From 2.8 pips |
| Most popular | Ubrokers in Albania, Portugal, Germany, Brazil |
| Provision of services in the US, UK, Canada, European Economic Area | The European Economic Area The US, the UK and Canada. |
| Min. trade size | 0.01 |
| Leverage | Up to 1:500 |
| Account types | Basic, Gold, Platinum, VIP |
| Minimum deposit | $ 250 |
| Minimum withdrawal | $ 120 |
| Deposit & withdrawal methods | 7+ |
| Payment Fees | 3.5% fees for withdrawal |
| Trading hours | 24/5 24/7 (For crypto) |
| Trading platforms | MT4, Proprietary platform |
| Mobile App | |
| Demo | |
| Copy Trading | |
| AT/Robots | |
| Bonus | Up to 50% |
| Affiliate program |
You can login the platform after registering on the official Ubrokers website. The website (www.ubrokers.com/eu) is operated by Capital Securities S.A., which authorized and regulated by the Hellenic Capital Market Commission (“HCMC”). The regulator HCMC has a low degree of trust and will not help you in any way in case of broker fraud.
Review of the main scam company
What is known about Capital Securities S.A. which owns the website and broker Ubrokers? Almost nothing other than what is indicated on the site. But the review of their main company is much more interesting than it sounds. Take a look at the picture.
Their main scam company created many of the same brokers: 24Option, InvestMarkets, ForexTB, Ubrokers and Investous. They are all registered to different subsidiaries. But everyone will notice the connection between them. They have the same almost everything, from the site template to the client agreement.
All brokers have complaints in customer reviews. Immediately after registering with any of these brokers, their managers will start calling you a huge number of times. There were especially many complaints about scam on 24Option. The broker did not withdraw funds, aggressively called for large deposits and wrote off funds for no reason. After that, they decided to create new brands. Brands with a “clean” reputation. But an objective review of brokers shows that they are all completely unreliable.
Customer reviews about Ubrokers
Despite the start of work in 2020, you can already find reviews about Ubrokers from customers. Many of them are negative. Positive reviews about the Ubrokers look fake.
Customers complain about a huge number of calls immediately after registration and filling in personal data. If you answer the call, you may regret it. Their specially trained managers will start talking about the huge earning opportunity. But for this, of course, you need to make a large deposit. After that, these same managers can interfere with your trade. As a result, it always ends up in the loss of deposits by traders.
Even with successful trading, another test may await you. This is a withdrawal of funds. Ubrokers may constantly refuse to withdraw funds for a variety of reasons.
Most of the Ubrokers customer reviews can be found on the Trustpilot website.
Such reviews of traders can be found not only about the Utraders, but also about 24Option, InvestMarkets, ForexTB and Investous. Therefore, it is not worth trading with these scam brokers.
Conclusion of the review on Ubrokers
This review shows that Ubrokers is absolutely not suitable for trading. Their main company has made many of the same and unreliable brokers. All this reminds of the Finance group corp, which had the same fraudulent scheme.
The HCMC regulator is not credible and the trading conditions are not attractive. In addition, the reviews of Ubroker’s clients confirm that it is better not even to start trading with him.
We hope that this Ubrokers review will help protect you from fraud. For safe trading in binary options, CFD or forex, you need to choose a more reliable broker (for example, IQ Option, Binomo, Deriv or others).
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