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UBKFX

Suspicious Clone
Cyprus
,
Since 2017
Last Updated:
51/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Standard Account

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

1 methods

Bank Transfer

bank transfer
1 days
Fee:
Free
Fee:
$45

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 32%, 2: License 69%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
32%Poor
License
69%Good
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:UBK Markets Ltd
Founded:2017
Headquarters:Cyprus
Enterprise Offices:1offices

Customer Support

Phone:
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

Financial Trading Brokers are considered a very important part of a trader's success, as they serve as the link between the trader and the various Trading Environments within the Global Markets. UBKFX is classified as a Trading Brokerage that provides Financial Services.

Access to Information globally today creates confusion about UBKFX because it cannot provide the public with complete information on its website.

The goal of this article is to summarize the limited public information available on the Website Access regarding UBKFX and outline what traders would consider essential when selecting a broker.

Prior to engaging in Trading Markets with a broker, a Trader must first educate themselves on the broker's background and history by researching their regulatory status, trading conditions and fee structures. Because there are very few, if any, facts available about UBKFX, this article will provide information on the general relevance of brokers and on what is currently known about UBKFX, distinguishing between verified, unverified, and unknown information.

Background & History

UBKFX has little to no information about its background and/or history published on its Website. Although their Website appears to be the only source of information for UBKFX, access to it has not been available, or it lacks sufficient detail to provide verifiable facts regarding its history, founder, and/or milestone events, making it virtually impossible to develop a basis for trust with UBKFX as a Broker.

Transparency of History and Background are two of the primary ingredients of creating Trust between the Broker and their clients. However, there is no verifiable history of UBKFX; therefore, we recommend that any prospective client conduct independent verification of UBKFX prior to proceeding.

Key Features & Offerings

From publicly available data on UBKFX, there is very limited, if any, verifiable information on the Trading Instruments, Account Types, and/or Platform Features available to clients. Normally, a broker would be required to offer multiple markets, such as foreign currency trading, commodities, stock indices, and Cryptocurrencies, as well as to develop and offer multiple types of Accounts for each type of Trader.

Although it would make sense for UBKFX to offer products and services similar to those of its competitors, prospective traders should verify with UBKFX before committing.

Regulatory Compliance & Licensing

Regulation is one of the most important foundations of Trust and Security within the Financial Trading Industry, and UBKFX has no verifiable information regarding its regulatory or licensing status. Therefore, it cannot be determined whether UBKFX is registered with, or regulated by, a confirmed Financial Regulatory Authority or Institution.

The following table summarises what we currently know about the status of UBKFX:

 

Regulator

License Number

Status

Not Available

Not Available

Unverified / No Public Data

It is recommended that traders verify a broker's regulatory credentials with independent sources before engaging in any trading activities, including, but not limited to, those conducted through UBKFX.

Conditions for Trading and Platforms

Trading Conditions, such as spreads, leverage, and the minimum deposit required to open an account, are significant variables that affect both the trader's overall trading experience and their earning potential. Unfortunately, there is insufficient data available from UBKFX to provide answers regarding these conditions.

No information is available on which trading platforms are available for use on UBKFX's System; therefore, you will not be able to use any proprietary platform or recognized third-party platforms, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Please find below a summary of the information you will not be able to obtain at this time:

Trading Condition

Details

Spreads

Not Available

Leverage

Not Available

Minimum Deposit

Not Available

Trading Platforms

Not Available

 

It is not easy to determine how competitive and appropriate UBKFX is across various trading methods, because it does not provide any outlets to check its trading terms.

Fees

A trader should know in advance how much will be spent on brokerage fees. Cooperation with UBKFX would be challenging, as there is no comprehensive cost breakdown for deposit fees, withdrawal fees, commissions, or other costs associated with doing business with this broker.
The fees charged for each trade are outlined in the following table:

Fee Type

Details

Deposit Fees

Not Available

Withdrawal Fees

Not Available

Commission

Not Available

 

Potential customers interested in engaging with UBKFX are encouraged to clarify any questions about the broker’s pricing before doing business with them through official channels.

Market Reputation/User Experiences

A broker's market reputation and user experience can be strong indicators of the reliability and quality of its services. However, there are a few user reviews (or testimonials) for the broker UBKFX. Based on information available online, numerous users reported issues accessing the broker's website; however, no information was identified that could provide a comprehensive view of UBKFX's overall performance or user satisfaction levels.

Given the very limited availability of verified user experiences and reviews, traders investigating UBKFX should proceed with caution and conduct considerable diligence on the broker.

Recent Developments

There is no current publicly available information regarding any innovation, new product developments, or strategic changes with respect to UBKFX. The lack of such publicly available information again highlights the broker's lack of transparency.

If you are considering trading with UBKFX, we recommend continuing to check official and relevant news sources for future announcements or changes.

Conclusion

For a trader researching the broker to trade with, UBKFX represents a very challenging example because it is difficult to make observations of the broker without any publicly available information regarding the broker, such as no webpage and no current information related to regulatory compliance, trading conditions, fees charged, or user experiences with UBKFX.

While UBKFX may have provided trading services and/or financial products, caution and solid verification from an independent source are needed when evaluating this broker. Therefore, we urge all traders to conduct their own due diligence and independent verification, and to consider other brokers with clearer, more reliable credentials and backgrounds before entering into any trading relationship with UBKFX.

 

Regulatory Licenses

Compliance & oversight

1 license
Cyprus
CySECTier 2
Cyprus
License Details
Type:Straight Through Processing(STP)
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

No Account Types

Account type information is not available for this broker yet.

Funding Methods

Deposit & withdrawal options

1 methods
Bank Transfer
Bank Transfer1 min
Deposit
Fee:Free
Min:USD 50
Max:N/A
Withdrawal
Fee:USD 45
Min:N/A
Max:N/A
Minimum deposit for Classic Accounts may be $25. Processing time for bank transfers is 1-3 business days. Payment Department operates Monday to Friday from 9 a.m. to 7 p.m. UTC. No deposit fees charged. Withdrawal fee is $45 USD per withdrawal.
1
Free Deposit
1
Instant
0
Crypto

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with UBKFX: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark UBKFX at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for UBKFX

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Corporate Network

Enterprise structure & relationships

1 entities

UBK MARKETS LIMITED

Cyprus
active

Registration

HE293861

Established

2017-03-14

Comments

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