HubuFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-08 10:52

Abstract：HubuFX is a forex and CFD broker founded in 2023. They offer trading on forex, cryptocurrencies, and commodities. The minimum deposit to open an account is $1 and the leverage is up to 1:400. However, HubuFX is not regulated by any financial authority.

　　Note: HubuFX's official website https://hubufx.com/ is currently inaccessible normally.

HubuFXReview Summary
Founded	2023
Registered Country/Region	Ukraine
Regulation	No regulation
Market Instruments	Forex (60+), Cryptos (5+), and Commodities (20+)
Demo Account	/
Leverage	Up to 1:400
Spread	/
Trading Platform	WebTrader, MobileTrader
Min Deposit	$1
Customer Support	Tel: +380 98 008 9218
Customer Support	Email: contact@hubufx.com

　　HubuFX is a forex and CFD broker founded in 2023. They offer trading on forex, cryptocurrencies, and commodities. The minimum deposit to open an account is $1 and the leverage is up to 1:400. However, HubuFX is not regulated by any financial authority.

Pros and Cons

Pros	Cons
Low minimum deposit	Lack regulation
	Newcomer status
	Inaccessible website
	No MT4/5

Is HubuFX Legit?

　　HubuFX is not regulated by the financial services regulatory authority in Ukraine, which means that the company lacks regulation from its registration site.

What Can I Trade on HubuFX?

　　On HubuFX, customers can trade forex, cryptos, and commodities.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Cryptocurrencies	✔
Indices	❌
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　On HubuFX, the leverage can be up to 1:400. High leverage may bring higher risks, so careful considerations are recommended.

Trading Platform

　　Two platforms are available in HubuFX: WebTrader and MobileTrader.

Trading Platform	Supported	Available Devices	Suitable for
WebTrader	✔	Web	/
MobileTrader	✔	Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　HubuFX enables customers to deposit and withdraw their assets only through cryptocurrencies. Other popular payment options like bank transfers, Visa, MasterCard, skrill and Neteller are not supported.