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UBK Markets -

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Score

4.17 /10

Average

UBK Markets

Item: UBK Markets
Rating: 4.17

Cyprus

10-15 years

Regulated in Cyprus

Straight Through Processing(STP)

Self-developed

Suspicious Scope of Business

High potential risk

https://ubkmarkets.eth.link/en

Influence

D

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Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index5.50

Business Index8.31

Risk Management Index0.00

Software Index4.95

License Index3.92

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Open Account

Website

Licenses

CYSEC Regulated

STP

VPS Standard

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

Single Core

1G

40G

open now

Broker Information

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Company Name

UBK Markets Limited

Company Abbreviation

UBK Markets

Platform registered country and region

Cyprus

Company website

Facebook

https://www.facebook.com/UBKMarkets/

Company summary

Pyramid scheme complaint

Expose

UBK Markets · Company summary

UBK Markets Review Summary
Founded	2017-07-26
Registered Country/Region	Cyprus
Regulation	Regulated
Market Instruments	/
Demo Account	❌
Leverage	Up to 1:30
Spread	From 0 pip
Trading Platform	UBK Markets(Web)
Min Deposit	Classic Account: $25/iPA-Manager Account: Not available/iPA-Investor Account: $100
Customer Support	Phone: +357 25 353630
Customer Support	Email: support@ubkmarkets.com

UBK Markets Information

UBK Markets is a CYSEC-licensed broker registered as a trademark in multiple countries by Simcord, providing brokerage services for global financial markets. Simcord is a company specializing in the development of software, intelligence, and analytical products for the financial and investment sectors. It uses the iPro Marketplace trading and analytical platform, which includes capital management and financial market analysis.

Is UBK Markets Legit?

Cyprus Securities and Exchange Commission(CYSEC) regulates UBK Markets with license number 186/12 and License Type Straight Through Processing(STP), making it safer than unregulated.

Account Type

UBK Markets offers Classic Account, iPA-Manager Account, and iPA-Investor Account with different spreads, deposits, commissions, and leverage.

Account Type	Classic Account	iPA-Manager Account	iPA-Investor Account
Minimum Spread	0 pip(Floating)	0 pip(Floating)	0 pip(Floating)
Commission	9 USD per 100,000 units of currency	16 pips	16 USD per 100,000 units of currency
Minimum Deposit	$25	Not available	$100
Maximum Leverage	1:30	Not available	1:30

UBK Markets Fees

The spread starts from 0 pip, the commission is from 9 USD per 100,000 units of currency. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:30 meaning that profits and losses are magnified 30 times.

Trading Platform

UBK Markets provides a proprietary investment management web platform that works with the web platform in universally accessible browsers based on any mobile device.

Trading Platform	Supported	Available Devices	Suitable for
UBK Markets	✔	Web	All traders

Deposit and Withdrawal

The first deposit amount of the classic accounts must be $25. UBK Markets accepts Bank transfers, Skrill wallets, and Bank cards for deposit and withdrawal. Withdrawals are processed within 3 days and transaction fees are charged.

Payments Methods	Transaction Fees		Processing Time
Payments Methods	Deposit	Withdrawal	Deposit	Withdrawal
Bank transfer	Your bank fee	45 USD	1–3 business day(s)	1–3 business day(s)
Skrill wallet	1%	1%	Instant	1 business day
Bank card	2.8 %	—	Instantly	—

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WikiFX Risk Alerts

Previous Detection : 2025-02-02

The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

UBK Markets

Cyprus

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

It is not possible to withdraw money.

The UBK company promised to withdraw money from another company, which took $8,000 from me. I entered into an agreement with UBK to become their client, this gave the company the right to protect my interests. They seemed to have found the money and began making a transfer of $6,000. That’s where it all started problem. I had to pay for the stamps, because I was officially engaged in activities with them. In a word, I paid for everything. I got into huge debts (and still do) and as a result they also provided me with a payment for $500. Of course, I didn’t pay that amount I was able to. The money was never transferred to me, my personal account was blocked.

Гуска Сергей Николаевич

2024-02-15 14:53

UBK Markets · Company summary

UBK Markets Review Summary
Founded	2017-07-26
Registered Country/Region	Cyprus
Regulation	Regulated
Market Instruments	/
Demo Account	❌
Leverage	Up to 1:30
Spread	From 0 pip
Trading Platform	UBK Markets(Web)
Min Deposit	Classic Account: $25/iPA-Manager Account: Not available/iPA-Investor Account: $100
Customer Support	Phone: +357 25 353630
Customer Support	Email: support@ubkmarkets.com

UBK Markets Information

UBK Markets is a CYSEC-licensed broker registered as a trademark in multiple countries by Simcord, providing brokerage services for global financial markets. Simcord is a company specializing in the development of software, intelligence, and analytical products for the financial and investment sectors. It uses the iPro Marketplace trading and analytical platform, which includes capital management and financial market analysis.

Is UBK Markets Legit?

Cyprus Securities and Exchange Commission(CYSEC) regulates UBK Markets with license number 186/12 and License Type Straight Through Processing(STP), making it safer than unregulated.

Account Type

UBK Markets offers Classic Account, iPA-Manager Account, and iPA-Investor Account with different spreads, deposits, commissions, and leverage.

Account Type	Classic Account	iPA-Manager Account	iPA-Investor Account
Minimum Spread	0 pip(Floating)	0 pip(Floating)	0 pip(Floating)
Commission	9 USD per 100,000 units of currency	16 pips	16 USD per 100,000 units of currency
Minimum Deposit	$25	Not available	$100
Maximum Leverage	1:30	Not available	1:30

UBK Markets Fees

The spread starts from 0 pip, the commission is from 9 USD per 100,000 units of currency. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:30 meaning that profits and losses are magnified 30 times.

Trading Platform

UBK Markets provides a proprietary investment management web platform that works with the web platform in universally accessible browsers based on any mobile device.

Trading Platform	Supported	Available Devices	Suitable for
UBK Markets	✔	Web	All traders

Deposit and Withdrawal

The first deposit amount of the classic accounts must be $25. UBK Markets accepts Bank transfers, Skrill wallets, and Bank cards for deposit and withdrawal. Withdrawals are processed within 3 days and transaction fees are charged.

Payments Methods	Transaction Fees		Processing Time
Payments Methods	Deposit	Withdrawal	Deposit	Withdrawal
Bank transfer	Your bank fee	45 USD	1–3 business day(s)	1–3 business day(s)
Skrill wallet	1%	1%	Instant	1 business day
Bank card	2.8 %	—	Instantly	—

User Reviews

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User comment

3

Comments

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FX1618187016

more than one year

As a user of UBK Markets, I am deeply disappointed with their customer service, they seem not to be customer-oriented at all. I requested a withdrawal a week ago but my money hasn't been returned yet. The only response I keep getting is to keep waiting. It feels like nobody cares about my concerns at all. I would not suggest using their services.

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2024-02-06 17:56

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midnight2733

more than one year

TRUFFATORI, CHIEDONO SOLDI, MA POI QUANDO E' ILMOMENTO DI PAGARE SPARISCONO

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2024-01-16 22:09

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1