Score
Saint Lucia
|
2-5 years
| https://ubitmarkets.com/
Website
Rating Index
MT4/5
Full License
UBITMarket-Server
Influence
D
Influence index NO.1
India 2.61
MT4/5 Identification
Full License
SingaporeInfluence
D
Influence index NO.1
India 2.61
LicensesNo valid regulatory information, please be aware of the risk!
Saint Lucia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
ubitmarkets.com India| UbitMarkets Review Summary | |
| Founded | 2024 |
| Registered Country/Region | Saint Lucia |
| Regulation | No regulation |
| Segregated Account | ✅ |
| Market Instruments | Forex, stocks, commodities, indices, cryptocurrencies |
| Demo Account | ✅ |
| Spread | From 0 pips |
| Leverage | Up to 1:1000 |
| Trading Platform | UbitMarkets |
| Social/Copy Trading | ✅ |
| Minimum Deposit | $0 |
| Customer Support | Contact 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 Areas | United States, Cuba, Iraq, Myanmar, North Korea, Sudan |
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.
| Pros | Cons |
| Fund segregation | No regulation |
| Demo accounts available | |
| MT5 platform | |
| Social/copy trading | |
| No minimum deposit |
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.
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 | ❌ |
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.
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.
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 Platform | Supported | Available Devices | Suitable for |
| UbitMarkets | ✔ | Windows | / |
| MT5 | ✔ | Mobile/Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
The broker claims to accept all deposit and withdrawal through bank transfers, credit cards, and online payments as well.
Scam brokers involved in the forex market who act genuine in the beginning but turn out to be frauds in the end. Choosing UbitMarkets could lead you to serious losses. Check out this article to know why we’re saying this.
UbitMarkets is one more forex broker that scams investors under the guise of high returns. Check out our exposure story.
From my perspective, UbitMarkets offers a range of pros such as demo accounts for practice, social/copy trading for beginners, and no minimum deposit required. However, the lack of regulation, absence of well-known platforms like MT4, and limited access to the MT5 platform would make me hesitant. These are factors that I would carefully evaluate before deciding to use their services.
From what I know, UbitMarkets is unregulated, which lowers its trustworthiness in my opinion. While they offer some beneficial features like segregated accounts for fund protection, I would still be cautious, as there are no regulatory bodies overseeing their operations.
I found that UbitMarkets offers over 400 trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies. For me, this variety of instruments is appealing, as it provides the opportunity to diversify my portfolio.
UbitMarkets offers a demo account for practice, which is great for someone like me who wants to test out the platform before using real money. They also offer live accounts with no minimum deposit, which gives me the flexibility to start with any amount.
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