Cubo Markets

This is a typical fraudulent Forex operation that pretends to be an incredibly secure, top-tier broker, but is actually a complete sham and a Forex scam — no, even worse than a Forex so-called boiler room; Cubo Markets is pure, undiluted crook trash that does nothing but steal money. Remember: if a broker provides absolutely no information about its operations, you should avoid it and under no circumstances invest in it. In fact, this Forex fraud doesn’t even provide any information about when the company was founded or began operations, and Cubo Markets is registered offshore!!!! What licenses does it have? And what is its business model, anyway? If a broker doesn’t have a license, it means only one thing — the company is operating illegally. Think about it: if a broker that is REQUIRED to have a license doesn’t have one, what could that mean? This means either that the financial regulator was unable to approve their license due to violations and non-compliance, or that the broker isn’t even applying for a license because it knows the regulator won’t take it seriously. And if that’s the case, then Cubo Markets has some issues. Both the first and second scenarios are bad. Reliability is zero, there is no security whatsoever, and trust is out of the question. Furthermore, the lack of a track record speaks for itself — more often than not, this indicates that you’re dealing with a “fly-by-night” company that opened relatively recently and has been operating in the market for only a very short time. In 99% of cases, such companies don’t even last a year. And you still want to invest your money in Cubo Markets? IT’S OBVIOUS THAT YOU SHOULDN’T DO THIS. I ALSO DIDN’T SEE ANY DOCUMENTS ON THEIR WEBSITE. WHERE ARE THESE DOCUMENTS? WHERE ARE THE BANK DETAILS, ACCOUNT INFORMATION, AND INFORMATION ABOUT THE LEGAL ENTITY? After all, when I top up my account here, I’m supposed to transfer funds to a legal entity, but that’s not the case — here, the transfer is clearly made to an individual, possibly even via cryptocurrency, a method that won’t allow you to “cancel” or “withdraw” the transfer, and law enforcement agencies would be powerless in such a situation.

In short, this scam has more than enough “red flags” and suspicious aspects. I hope my review has helped at least someone.

I fell for an ad on Facebook, signed up, and deposited $250. Then a customer service representative convinced me to increase my deposit to $5,000, promising returns of up to 30% per month. The first week went great - my profits were growing. However, when I tried to withdraw $700, they asked me to verify my account. I sent a scan of my ID. Then they said the quality was poor, and I had to resend it. This happened about three times. Then they blocked my account altogether. They haven’t returned my money and aren’t responding to my emails. The phone number has changed. In short, they scammed me out of $5,250. I’ll be more careful from now on.

I’d like to share my opinion about this brokerage firm. I won’t even argue - they’re not perfect, but I’ve noticed that they have potential for growth; there are clear strengths and areas where they can improve. If they tweak the website a bit and fine-tune the trading platform, it will become quite suitable for trading. I like the commission structure: they charge 0.03% for each executed order and 1.5% for withdrawals. I haven’t seen any reviews online from EU traders, but that’s understandable - Cubo Markets is just starting to expand into European countries. I’m satisfied with the trading volumes; although there aren’t that many traders (relatively speaking), the volumes are actually quite good. It’s very convenient to open an account and trade here. It’s clear that the platform is designed to help traders make money with their help. And although I’m not investing very large amounts, overall I like that you can start small and build a long-term portfolio :) I also liked the interface - it’s clearly well thought out!

At first, I deposited $400. I withdrew $100 without any problems. I thought everything was legitimate. I deposited another $2,000. Immediately, a manager called and said I needed to activate deposit insurance for $1,200, otherwise I wouldn’t be able to withdraw my funds. I refused. A day later, my account disappeared :( My login doesn’t work, and I can’t reset my password. Customer support replied to my email a week later: violation of trading rules, funds confiscated. What rules? I wasn’t even actively trading on cubomarkets.com, I was just keeping my money there. Scammers!!!

The people at this company tried to push their services on me over the phone. But even if you ask them just a couple of questions about trading, they struggle to answer. Don’t trust them: this is a typical scam by fraudsters who are simply pretending to be Forex brokers.

I knew about scam projects, but I took the risk anyway. A friend recommended Cubo Markets. I deposited $480. I made a couple of trades and everything went smoothly. I decided to test the withdrawal process and requested $180. Three days of silence. I wrote to the account manager and he replied that the withdrawal request was under review. Another three days passed. Then I received an email: YOUR REQUEST HAS BEEN REJECTED DUE TO SUSPICIOUS ACTIVITY. My account was permanently blocked. So much for my friend’s recommendation. The result: down $480. GREAT.

THIS IS A SCAM!!! I clicked on a targeted ad and went to cubomarkets.com. They promised me training and a mentor. I deposited $250. The account manager said that to trade effectively, I needed at least $1,000. I deposited another $750. They gave me access to VIP signals. I traded following their advice, but almost all of my trades resulted in losses. After that, the manager convinced me to deposit another $1,500 to cover the losses. Well, I’m a fool - I deposited it. As a result, I lost almost my entire deposit in a week. When I tried to withdraw the remaining $350, my request was denied. I’m asking them to return at least some of the money, but they’re ignoring me.

These swindlers are defrauding people. And they do it very straightforwardly. A person signs up on the site and deposits the required amount. And at first, it even seems like everything is going pretty well. But the problems start when it’s time to withdraw funds. Because it’s impossible to do so here. WITHDRAWAL REQUESTS SIMPLY GET STUCK IN PENDING STATUS FOREVER. AND NO ONE DOES ANYTHING ABOUT IT. The trader tries to contact company representatives, but to no avail. Apparently, even the contact information here is fake. That’s how they tricked me out of a thousand dollars, and I think they have quite a few victims. Don’t do business with these scammers!

I only recently started learning about Forex and trading and was looking for a partner that would let me first take an online training course and then trade on the real market. And that’s exactly what I found with this broker. The Cubo Markets platform offers excellent educational materials. They’re very easy to understand and give a clear picture of the real market. All that’s left is to develop your skills, and you’ll be ready to start trading real instruments. And my story fully confirms this - literally within the very first week of trading under real market conditions, I made a profit, and I have no intention of stopping there!

I decided to try my hand at trading and chose this broker, believing the ads and promises aimed at beginners. Unfortunately, the experience turned out to be disappointing, so I’m giving Cubo Markets just 1 point. The verification process turned out to be unexpectedly long — they requested the same documents several times, and responses from customer support were significantly delayed :( When I tried to withdraw a small amount, I was charged a fee that wasn’t clearly stated anywhere; as a result, part of my money was simply eaten up by transaction fees. The platform’s interface seems intuitive, but at a critical moment, the terminal started freezing, which prevented me from closing my position in time and led to the loss of part of my deposit. For a beginner who is just learning the basics of trading, this kind of experience is pure stress. I do not recommend Cubo Markets if you value your peace of mind and your money.

No one is responding to my withdrawal requests, my emails and calls have gone unanswered for almost a month now…

The only thing this broker does is help drain its clients’ deposits. It’s a shame I didn’t thoroughly check the information about this company from the very beginning and ended up falling victim to scammers. The account managers tell such wonderful stories about the brokerage firm Cubo Markets. But in reality, these are just fabrications designed to convince naive beginners to invest their money. As soon as you make a deposit, they’ll recommend trades that will instantly wipe out your deposit. That’s exactly what they did to me. I lost $1,400 in a single day. And they still have the nerve to keep convincing people to invest even more. They are liars and swindlers. I won’t invest another cent here.