Score

1.78 /10
Danger

UbitMarkets

Saint Lucia

1-2 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

C

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Score

Regulatory Index0.00

Business Index5.15

Risk Management Index0.00

Software Index7.40

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Broker Information

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Company Name

Ubit Market Limited

Company Abbreviation

UbitMarkets

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-07-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

UbitMarkets · Company summary
UbitMarkets Review Summary
Founded2024
Registered Country/RegionSaint Lucia
RegulationNo regulation
Segregated Account
Market InstrumentsForex, stocks, commodities, indices, cryptocurrencies
Demo Account
SpreadFrom 0 pips
Leverage Up to 1:1000
Trading PlatformUbitMarkets
Social/Copy Trading
Minimum Deposit$0
Customer SupportContact form
Email: info@ubitmarkets.com
Facebook, Twitter, Instagram, LinkedIn, YouTube, Telegram, etc.
Registered Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Restricted AreasUnited States, Cuba, Iraq, Myanmar, North Korea, Sudan

UbitMarkets Information

UbitMarkets is a brokerage company registered in Saint Lucia and offers more than 400 trading instruments for trading. These include forex, stocks, metals, indices and cryptocurrencies.

The broker provides a demo account for practicing before actual trading and it costs 0 to open a live account with them. It allows social trading for beginners to copy strategies from successful predecessors to quickly profit from their trading.

To protect customer funds, UbitMarkets implements segregated accounts to separate client assets from operational funds.

Furthermore, the broker equips traders with necessary skills and knowledges by offering educational resources such as video tutorials, trading guides, webinars and market analysis.

However, one of the facts that cannot be neglected is that the broker is not being well-regulated by any official authorities so far, which degrades its credibility and trustworthiness.

UbitMarkets' homepage

Pros and Cons

Pros Cons
Fund segregationNo regulation
Demo accounts available
MT5 platform
Social/copy trading
No minimum deposit

Is UbitMarkets Legit?

The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. UbitMarkets is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose UbitMarkets with caution.

No license

What Can I Trade on UbitMarkets?

UbitMarkets offers 400+ trading instruments 24 hours a day, 7 days a week. These mainly include:

Tradable Instruments Supported
Forex
Stocks
Commodities
Indices
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on UbitMarkets?

Account Type

UbitMarkets offers demo account with virtual money to practice before commiting real money.

While opening a live account, you don't need to deposit any amount of money.

Leverage

UbitMarkets offers leverage range from 1:100 to 1:1000, basing the account level and your trading volume. Always bear in mind that leverage is a double-edge word which signifies your profits as well as losses at the same level.

Trading conditions

Trading Platform

UbitMarkets offers a proprietary trading platform which can be downloaded on Windows. The platform is said to support one click trading, advanced tools and customization options.

Besides, the broker also claims to offer the popular MetaTrader5 platform which is well-acclaimed with its robust functions. It's accessible via web and mobile apps, however, we did not find any access link for this platform on the broker's website. You might need to further explore with their representatives if you are interested in trading with them.

Trading PlatformSupported Available Devices Suitable for
UbitMarkets Windows/
MT5Mobile/WebExperienced traders
MT4/Beginners
Trading Platform

Deposit and Withdrawal

The broker claims to accept all deposit and withdrawal through bank transfers, credit cards, and online payments as well.

News

ExposureReasons Why You Can't Trust UbitMarkets for Forex Investments

UbitMarkets is one more forex broker that scams investors under the guise of high returns. Check out our exposure story.

WikiFX
2025-06-30 18:17
Reasons Why You Can't Trust UbitMarkets for Forex Investments

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FX5594267412
more than one year
THIS IS NON REGULATED BROKER SO PLS BE AWARE THIS TYPE OF BROKER THERE IS NO LICENCE OF FCA ,FSC, CBCS,FSCA,CySEC,CMA ITS TOTALLY SCAM AND B BOOK BROKER
THIS IS NON REGULATED BROKER SO PLS BE AWARE THIS TYPE OF BROKER THERE IS NO LICENCE OF FCA ,FSC, CBCS,FSCA,CySEC,CMA ITS TOTALLY SCAM AND B BOOK BROKER
Translate to English
2024-04-02 03:02
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BIT7866295932
more than one year
Website platform for forex trading.
Website platform for forex trading.
Translate to English
2024-03-27 17:54
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