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UbetFX -

Score

1.18 /10
Danger

UbetFX

China

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://ubetfx.com

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.43

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD018) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

UbetFX · Company summary
UbetFX Review Summary
Founded 2023
Registered Country/AreaChina
RegulationFSA (Suspicious clone)
Market Instruments/
Demo Account✅
Leverage/
Spread/
Min Deposit/
Trading Platform/
Customer Support/

Overview of UbetFX

Founded in 2023, UbetFX is an unregulated broker registered in China. Their official site lacks much important information, such as trading acounts, trading conditions, trading platforms, payment options, customer support, etc.

UbetFX's homepage

Pros and Cons

ProsCons
Demo accountsSuspicious clone regulatory status
Lack of transparency

Regulatory Status

No, UbetFX lacks valid regulation. The retail forex license from the Seychelles Financial Services Authority is a suspicious clone.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
Seychelles
The Seychelles Financial Services Authority (FSA)Suspicious CloneRaw Trading LtdRetail Forex LicenseSD018
Suspicious clone FSA license

Deposit and Withdrawal

Based in the very limited info on their site, it seems that UbetFX only accept deposits via wallet. If you want to withdraw funds, you need to enter wallet address and withdrawal amount. All are very opaque, no regulated brokers will bahave like this.

Deposit
Withdrawal

User Reviews

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User comment

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Comments

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Loutyab
more than one year
Worst broker ever!!!! Steals money and accuse people of arbitrage then they take all your profits and threatens you to withdraw your deposits. After that they start trading with your account you see all their trading history and withdrawals using your account thieves!!
Worst broker ever!!!! Steals money and accuse people of arbitrage then they take all your profits and threatens you to withdraw your deposits. After that they start trading with your account you see all their trading history and withdrawals using your account thieves!!
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2024-04-17 14:11
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