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UbetFX -

Suspicious Clone

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/10

UbetFX

Item: UbetFX
Rating: 1.16

China|1-2 years|

Suspicious Scope of Business|High potential risk|

https://ubetfx.com/

Website

Time Machine

Rating Index

Contact

https://ubetfx.com/

Licenses

FSA Suspicious Clone

Seychelles Retail Forex License

VPS Standard

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

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Warning: Low score, please stay away! 3

Previous Detection : 2024-11-20

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The SeychellesFSA regulation (license number: SD018) claimed by this broker is suspected to be clone. Please be aware of the risk!

The Seychelles FSA regulation with license number: SD018 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

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UbetFX · WikiFX Survey

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UbetFX · Company Summary

UbetFX Review Summary
Founded	2023
Registered Country/Area	China
Regulation	FSA (Suspicious clone)
Market Instruments	/
Demo Account	✅
Leverage	/
Spread	/
Min Deposit	/
Trading Platform	/
Customer Support	/

Overview of UbetFX

Founded in 2023, UbetFX is an unregulated broker registered in China. Their official site lacks much important information, such as trading acounts, trading conditions, trading platforms, payment options, customer support, etc.

Pros and Cons

Pros	Cons
Demo accounts	Suspicious clone regulatory status
	Lack of transparency

Regulatory Status

No, UbetFX lacks valid regulation. The retail forex license from the Seychelles Financial Services Authority is a suspicious clone.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	The Seychelles Financial Services Authority (FSA)	Suspicious Clone	Raw Trading Ltd	Retail Forex License	SD018

Deposit and Withdrawal

Based in the very limited info on their site, it seems that UbetFX only accept deposits via wallet. If you want to withdraw funds, you need to enter wallet address and withdrawal amount. All are very opaque, no regulated brokers will bahave like this.