Do not trust
35 out of 100 · 87% checked
Our investigation found it is likely a scam, and its client terms carry high risk, with 9 critical clauses.
Capped at 35 · Likely scam
We checked Ubuntu Markets on 2026-10-25 across its company record, client terms, trading offer and service, and could verify 87% of its record. The score was held at 35 because our investigation found it is likely a scam. What would move the score: withdrawal rails, all-in eurusd cost, instrument breadth. Our published investigation found it is likely a scam, with 5 years of track record. Its client terms carry high risk, with 9 critical clauses.
Score last calculated 2026/10/25
Wikilix independent safety report
Ubuntu Markets is not a clone and it is not a fake company: it holds a genuine South African licence listed on the regulator's own register. We still assess the risk of fraud as high, and we would no…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about Ubuntu Markets: its history, the licences it holds, its trading conditions and its fees.
Ubuntu Markets is the trading brand of Ubuntu We Sizwe Two Four Seven (Pty) Ltd, a South African company that holds Financial Services Provider authorisation number 52532 from the Financial Sector Conduct Authority (FSCA). The broker offers forex and contracts for difference on a single platform, MetaTrader 5, and publishes four account tiers that start at 5,000 US dollars. Client money moves by bank transfer, bank card and electronic payment systems, and every withdrawal carries a charge of between two and four percent.
The FSCA register records FSP number 52532 in the name of Ubuntu We Sizwe Two Four Seven (Pty) Ltd, with Ubuntu Markets shown as the trading name, authorised from 23 June 2023. The entry is a FAIS Category I authorisation against a single product, derivative instruments, and the register marks it for intermediary services rather than advice. FAIS authorisations carry no expiry date, so the entry runs until it lapses, is suspended or is withdrawn. Anyone can repeat the check by entering 52532 in the FSP number field of the FSCA's own FSP search.
Two limits matter. A Category I intermediary authorisation is not a licence to deal as principal or to issue over the counter derivatives, and it is granted to the licensed company rather than to the brand, so it does not automatically extend to every site or affiliate trading as Ubuntu Markets. No retail investor compensation fund stands behind it.
Ubuntu Markets operates under a confirmed South African authorisation, but a narrow one. The FSCA entry covers intermediary services in derivative instruments, which is the business of placing and administering client trades, and not the issuing of the contracts a client actually buys. The client agreement names a separate Seychelles company, Lirel Holdings Ltd, as the principal that issues the CFDs and underwrites client transactions, and that company sits outside the South African authorisation.
Four companies appear in Ubuntu Markets documentation and they do different things. Ubuntu We Sizwe Two Four Seven (Pty) Ltd is the South African company a client contracts with and the holder of the FSCA authorisation. Lirel Holdings Ltd, registered in the Seychelles, is named in the client agreement as the principal that issues the CFDs, owns the trading platform and underwrites all client transactions. Verana Solutions Ltd in Cyprus, registration number HE 460254, and Verana Solutions UK Ltd in the United Kingdom, registration number 16537606, act as service providers and payment agents, and the agreement states that neither offers investment services. A company registration is not financial regulation, so none of those three registrations adds anything to the authorisation held by the South African company.
Ubuntu Markets gives a client an authorised South African counterparty to contract with, which is more than many comparable brokers offer, but the protection is narrower than the authorisation suggests. The contracts themselves are issued offshore, no compensation scheme stands behind the business, and the broker publishes no spread, commission or leverage schedule by which a reader could price the service. An entry minimum of 5,000 US dollars also means the first deposit is substantial.
Four tiers are published and their minimum deposit is the only figure that separates them: Ubuntu Lite at 5,000 US dollars, Ubuntu Prime at 25,000, Ubuntu Premium at 100,000 and Ubuntu Black at 1,000,000. The states no leverage cap, spread, commission or minimum trade size for any of them, but it does list what each tier adds: a personal account manager on Prime, a private senior account manager on Premium and a dedicated manager on Black, training and webinars from Prime upward, AI indicators and an executive analyst on Premium, and spreads described only as standard, very low, ultra-low and custom. Swap free trading is available.
Ubuntu Markets publishes no spread table, no commission schedule and no maximum leverage for any of its four tiers. The one charge it does state applies to withdrawals, where the client agreement sets a fee of between two and four percent of the amount withdrawn, and the client also carries any bank or wire charges that arise.
MetaTrader 5 is the only platform Ubuntu Markets offers, for Windows, the browser, Android and iPhone, with expert advisors, copy trading and signals in the standard build and the browser terminal syncing with the desktop and mobile ones. The carries the installer and the mobile links.
Funding runs on three rails, bank transfer, bank cards and electronic payment systems, and no individual wallet or card scheme is named anywhere in the broker's documents. The credits deposits within two business days of the money reaching the company's account and completes withdrawals within seven business days, extending to fourteen working days in specific cases and to twenty eight working days where the amount exceeds one million Rand. Money is returned to the account it came from, third party accounts may not be used in either direction, and cash is neither accepted nor paid out. The agreement reserves per method minimum and maximum amounts but publishes none.
Support is offered in English only, by telephone on +27 (0) 21 518 2912, by WhatsApp on +27 (0) 73 736 5064, by email at info@ubuntumarkets.com and support@ubuntumarkets.com, and by live chat during business hours. The broker gives two Johannesburg addresses, at 150 Rivonia Road, Morningside and at The Core Shopping Centre, Leeuwkop Road, Sunninghill, while the FSCA register records the licensed company at an address in Woodstock, Western Cape.
Pros
Cons
Ubuntu Markets is a South African intermediary selling MetaTrader 5 access to clients who can fund an account with at least 5,000 US dollars, under an FSCA authorisation that is genuine but narrow. The thing to establish before funding an account is who stands behind the trade: the authorised South African company is the intermediary, while the Seychelles principal named in the client agreement issues the contracts and owns the platform. A reader comparing costs should also weigh that neither spreads nor commissions are published and that every withdrawal is charged.
7 full-page captures of Ubuntu Markets's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for Ubuntu Markets. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for Ubuntu Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
4 account types on record. Minimum deposit from USD 5,000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Ubuntu LiteStandard | USD 5,000 | Not recorded | Not recorded |
| Ubuntu PrimePrime · VIP | USD 25,000 | Not recorded | Not recorded |
| Ubuntu PremiumPremium · VIP | USD 100,000 | Not recorded | Not recorded |
| Ubuntu BlackBlack · VIP | USD 1,000,000 | Not recorded | Not recorded |
Where Ubuntu Markets says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Likely blocked
Reported, not verified against a primary source
Covered by a parent block
Territories a blocked country carries with it
Explicitly accepted
Named as accepted — not a full list of served markets
3 ways to fund an account.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferSourced from the client agreement. Clause 14 states withdrawals are paid into a bank account nominated by the client, and Schedule D 5.3.16 allows the company to remit funds only to the client's bank account in exceptional cases. Shared terms: the company charges between two and four percent on all withdrawals (clause 14), and the 4 percent shown is the top of that range. Deposits are credited within 2 business days of funds reaching the company's account (5.2.5). Withdrawals are completed within 7 business days (5.3.7), up to 14 working days in specific cases (5.3.8), and up to 28 working days where the sum exceeds 1 million Rand (5.3.9). Cash is never accepted or paid out (5.1.3). Funds are returned to the account they arrived from (5.1.10.3) and third-party accounts may not be used in either direction (5.2.12, 5.3.11). The company may set per-method minimum and maximum limits but publishes none (5.2.10, 5.3.17). All deposit and withdrawal charges are borne by the client (5.2.9, 5.3.19), and the company may add incidental banking fees such as wire charges (clause 10.2). | Not recorded | 4% | Not recorded | Not recordedNot recorded | Up to 7 days |
Credit CardCredit CardSourced from the client agreement. Schedule D 5.1.13 names bank cards as one of the rails client money moves on, and 5.3.24 sets out a credit-card withdrawal procedure, under which the company relies on the card company to make the refund and the client may request a payment search if funds have not arrived within 21 business days of the request being marked completed. The broker does not publish which card schemes it accepts. Shared terms: between two and four percent is charged on all withdrawals (clause 14), and the 4 percent shown is the top of that range. Deposits are credited within 2 business days (5.2.5). Withdrawals are completed within 7 business days (5.3.7), up to 14 working days in specific cases (5.3.8), and up to 28 working days above 1 million Rand (5.3.9). Funds are returned to the source of the deposit (5.1.10.3) and third-party cards may not be used (5.2.12, 5.3.11). | Not recorded | 4% | Not recorded | Not recordedNot recorded | Up to 7 days |
Electronic Payment SystemsE-WalletSourced from the client agreement. Schedule D 5.1.13 names electronic payment systems alongside banks and bank cards as the rails client money moves on; 5.2.7 and 5.3.14 price currency conversion at the exchange rate of the payment system or aggregator depending on the method used, and 5.3.13 provides that where an account was credited through various payment systems, withdrawal is made pro rata to the size of each deposit. No individual wallet or provider is named anywhere on the public site, so this row records the category the broker itself publishes rather than a named channel. Shared terms: between two and four percent on all withdrawals (clause 14), and the 4 percent shown is the top of that range. Deposits are credited within 2 business days (5.2.5). Withdrawals are completed within 7 business days (5.3.7), up to 14 working days in specific cases (5.3.8), and up to 28 working days above 1 million Rand (5.3.9). | Not recorded | 4% | Not recorded | Not recordedNot recorded | Up to 7 days |
One trading platform on record: MetaTrader 5.
MetaTrader 5 is offered for PC, browser, Android and iPhone. The build carries 30 technical indicators, 24 graphic objects, expert advisors and built-in copy trading and signals. The browser build syncs with the desktop and mobile terminals.
3 domains on record. All active and served over HTTPS.
4 legal entities behind the Ubuntu Markets brand.
The operating company is Ubuntu We Sizwe Two Four Seven (Pty) Ltd. Registered in South Africa. Registration number 2021/379643/07.
3 other brokers on the record share what Ubuntu Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about Ubuntu Markets
Ubuntu Markets publishes no dedicated complaints address on its contact page, so a complaint goes to its published support mailbox, support@ubuntumarkets.com, or through the contact form. Its footer links a client agreement, an anti money laundering policy and a PAIA manual, which are where its formal procedures are set out. No response time or escalation route is stated on the contact page itself.
Its published office address is The Core Shopping Centre, Leeuwkop Road, Sunninghill, Johannesburg, and the operating company is South African. The footer also gives registered offices for the two companies it names as payment agents: Souliou 18, Strovolos, 2018, Nicosia, Cyprus, and 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
Registration is online: the broker says you complete its registration form, verify your identity, and choose the account type that suits your trading needs. The sign up control on its own site goes to .
The broker says deposits and withdrawals are made inside the account dashboard: you log in, pick a payment option from the ones shown there, and follow the instructions. That answer does not name the payment methods, their fees or their processing times, so the options only become visible once an account exists. The published support mailbox is support@ubuntumarkets.com if you want them confirmed before registering.
Ubuntu Markets routes clients to MetaTrader 5: its platforms menu links an MT5 desktop installer and an MT5 web trader. The broker also says its platform works on smartphones and tablets without losing functionality, and that an account can be managed from Android, iPhone or PC.
The broker says it offers forex currency pairs, commodities, indices and shares. Its trading menu carries a separate product page for each of those four groups.
5,000 US dollars, on the entry tier, Ubuntu Lite. The broker's account types page lists Ubuntu Prime from 25,000 US dollars, Ubuntu Premium from 100,000 and Ubuntu Black from 1,000,000. Its own FAQ gives no figure and says only that the minimum depends on the account type you choose.
The trading menu lists four tiers: Ubuntu Lite, Ubuntu Prime, Ubuntu Premium and Ubuntu Black. Ubuntu Black is presented as an elite level that requires contacting the broker first, and the site says Shariah compliant accounts are available on request. Its account types page sets the minimum deposits at 5,000, 25,000, 100,000 and 1,000,000 US dollars and lists the extras each tier adds, such as an account manager from Prime upward; it publishes no leverage, spread or commission figure for any tier.
Ubuntu Markets states that it offers trading in Africa and the Middle East, and in other jurisdictions where it is allowed to offer its services. The same statement says it does not offer services to clients from Europe, the United States or other jurisdictions where a financial licence is required. That wording, in the site footer, is the clearest statement on eligibility the broker publishes, and it does not name individual countries.
The broker says support is available by email and chat alongside its educational material, so a chat channel is advertised. It does not publish support hours, a response time or the languages its desk covers, and its public pages are in English only. If chat is not available when you need it, the published support mailbox and the WhatsApp number are the documented alternatives.
Ubuntu Markets publishes a landline on +27 (0) 21 518 2912, a mobile and WhatsApp number on +27 (0) 73 736 5064, and two mailboxes: info@ubuntumarkets.com for general enquiries and support@ubuntumarkets.com for client support. Its also carries a message form, and it gives an office at The Core Shopping Centre, Leeuwkop Road, Sunninghill, Johannesburg.
WIKILIX does not call Ubuntu Markets a scam, and it does not vouch for it either. The broker says it uses secure technology to protect personal and financial information and describes itself as a registered financial service provider. The authorisations it advertises remain claims, not confirmed licences. Anyone considering an account should check the FSP and licence numbers on the relevant regulator's own register before depositing.
The brand is operated by Ubuntu We Sizwe Two Four Seven (Pty) Ltd, a South African company the site footer identifies with FSP number 52532. The same footer names two further companies as service providers and payment agents that do not themselves offer investment services: Verana Solutions Ltd, registered in Cyprus under number HE 460254, and Verana Solutions UK Ltd, registered in the United Kingdom under company number 16537606. Your deposit may therefore be handled by a company other than the one holding the trading authorisation.
Yes, in South Africa, within a narrow scope. The FSCA register lists Ubuntu We Sizwe Two Four Seven (Pty) Ltd, trading as Ubuntu Markets, under FSP number 52532, with a Category I authorisation for derivative instruments and intermediary services only; it was checked on the FSCA register on 3 October 2026. That covers placing and administering client trades, not issuing the contracts: the client agreement names Lirel Holdings Ltd of the Seychelles as the principal that issues the CFDs.
For clients outside South Africa the broker points to a Mwali (MISA) licence, number BFX2024099, which its ubuntumarkets.net site attributes to Lanesra Ltd of the Comoros. That licence was not found on the MISA register.
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