UbitMarkets Review: 1:1000 Leverage, Unlicensed Forex Platform

"Your reliable and established FX partner" is the slogan used by UbitMarkets, a platform that has accounts opened with leverage of up to 1:1000 and the promise of hundreds of instruments. Accounts that seem to work properly at first run into withdrawal and account access problems over time.
🚩 What Does UbitMarkets Promise?
The site says it offers currency, metal, commodity and CFD trading on MT5, and that commissions fall as trading volume rises. However, no verifiable record of the MT5 server or direct download link is shared. The platform's name is also mentioned together with an investment story built around a crypto token called UBIT.
🔍 Concrete Findings
- Domain: ubitmarkets.com — registered through GoDaddy on 30 January 2024, the site is still online
- Company: Ubit Market Limited, registered in Saint Lucia; registration is not a financial licence
- No regulator's name or licence number appears on the site
🔗 Similar Sites Withdrawing on High Leverage
Platforms that use the promise of extreme leverage as a shop front are covered in detail on our site:
- YWO: unsupervised accounts offered with high leverageTR
- M Trading Investment: offshore infrastructure and withdrawal problemsTR
- Kwakol Markets: the same leverage promiseTR
- Absel Markets: a trading screen that looks like MT5TR
⚖️ Legal Assessment
For cases in which the money was sent to the platform via crypto, our article on forex money transferred to a crypto exchangeTR gives guidance. During the investigation, measures of seizure and confiscationTR may come into question. Schemes of this kind are assessed under the provisions on qualified fraudTR; offering leveraged trading without SPK permission is also a crime under Article 109 of Law No. 6362.
For detailed information and legal support, you can contact Savun Law & Consultancy.
❓ Frequently Asked Questions
Are UbitMarkets and the UBIT token the same operation?
The site is online, so is it still trustworthy?
Is 1:1000 leverage legal in Türkiye?
I still have money at UbitMarkets. What can I do?
This page is an English adaptation of our Turkish article UbitMarkets (ubitmarkets.com) Forex ve Kripto Dolandırıcılığı.
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