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Hubblebit -

Score

1.41 /10
Danger

Hubblebit

Switzerland

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://hubblebit.com

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Score

Regulatory Index0.00

Business Index6.24

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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No valid regulatory information, please be aware of the risk

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

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40G

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Regulatory disclosure

Danger

CH FINMA
2022-06-07
Warning List - Hubblebit
Hubblebit

Broker Information

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Company Name

Hubblebit

Company Abbreviation

Hubblebit

Platform registered country and region

Switzerland

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-09
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Hubblebit · Company summary

Note: Hubblebit' official website - https://hubblebit.com is currently inaccessible normally.

Hubblebit Review Summary
Founded/
Registered Country/RegionSwitzerland
RegulationUnregulated
Market InstrumentsCFDs on indices, futures, bonds, forex and cryptocurrencies
Demo Account✅
LeverageUp to 1:300
EUR/USD Spread3.4 - 3.6 pips
Trading PlatformWeb-based
Min Deposit$2,500
Customer Support24/5 support
Contact form
Tel: +44 2039875790 (UK), +13432650449 (Canada), +61261895067 (Australia), +6531052024 (Singapore)
Email: support@hubblebit.com
Address: Werdmühlepl. 4, 8001 Zürich, Switzerland

Hubblebit is an unregulated forex and CFD broker registered in Switzerland, offering trading via a web-based platform. The minimum deposit requirement is extremely high - $2,500.

Pros and Cons

Pros Cons
Diverse tradable assetsInaccessible website
Demo accountsNewly established
Multiple account typesUnregulated status
No demo accounts
Wide spreads
No MT4 or MT5
Limited payment methods
High minimum deposit requirement
Long withdrawal time

Is Hubblebit Legit?

No, Hubblebit has no regulation. Besides, there is no access to their official website. HubbleBIT claims to be headquartered in Zurich, Switzerland, but no entity named HubbleBIT is listed in the registers of the Swiss Financial Market Supervisory Authority (FINMA).

No license

What Can I Trade on Hubblebit?

Hubblebit offers a variety of trading instruments in financial markets, including CFDs on indices, futures, bonds, forex and cryptocurrencies of Bitcoin, Ethereum, Litecoin and more.

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

Account Type

HubbleBIT requires an unusually high minimum deposit of $2,500 to open a basic Beginner account. In contrast, most reputable brokers today allow account openings with deposits as low as $1 to $100. Making such a large investment with an entity suspected of being fraudulent is highly ill-advised.

Account TypeMin Deposit
Trial$2,500
Silver$10,000
Gold$25,000
Platinum$100,000
Signature$250,000
Account comparison

Leverage

The maximum leverage ratio provided by Hubblebit is much higher than most brokers, up to 1:300. While high leverage can amplify potential profits, it also significantly increases the risk of substantial losses.

Spread and Commission

As tested on the demo account of Hubblebit, the spread for the EUR/USD was floating around 3.4-3.6 pips. Also, the broker claims to charge no withdrawal fees, minimal trading fees and swap commission.

Trading Platform

HubbleBIT offers some unproven, overly simplified, web based platform. There is nothing wrong with such less advanced platforms – the problem is that they get boring quickly and you would want to move on to something better and more functional.

Trading PlatformSupported Available Devices Suitable for
Web platform✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
Web platform

Deposit and Withdrawal

Hubblebit only accepts a third party payment provider called Gumballpay, which is yet another clear sign that we are dealing with scammers. Most legit brokers on the other hand accept payments with major credit cards like VISA and Mastercard, as well as popular e-wallets like PayPal, Neteller and Skrill.

The minimum deposit requirement is $2,500.

As for the processing time of withdrawal requests, the broker states that the withdrawal will be processed within 90 business days. And if you want to withdraw funds from an account that has been leveraged, you have to execute a minimum trading volume of (Deposit +Capital Leverage) * 25.

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Jason31554
more than one year
Despite claiming to offer 24/7 customer support, the response times to queries are often slow and unsatisfactory. Moreover, the customer support team is not very knowledgeable or helpful when it comes to resolving issues that clients may face.
Despite claiming to offer 24/7 customer support, the response times to queries are often slow and unsatisfactory. Moreover, the customer support team is not very knowledgeable or helpful when it comes to resolving issues that clients may face.
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2023-04-06 10:10
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Jason31554
more than one year
Guys, let me tell you, I experienced frequent technical issues and slow execution times. The spreads and fees are also quite high, and their withdrawal process is slow and cumbersome. When attempting to withdraw my funds, I encountered multiple issues and delays. Customer service is another area where Hubblebit has a lot of room for improvement.
Guys, let me tell you, I experienced frequent technical issues and slow execution times. The spreads and fees are also quite high, and their withdrawal process is slow and cumbersome. When attempting to withdraw my funds, I encountered multiple issues and delays. Customer service is another area where Hubblebit has a lot of room for improvement.
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2023-04-06 10:09
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