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UbitMarkets Review: 1:1000 Leverage, Unlicensed Forex Platform

Savun Law & Consultancy · Updated 24 October 2026

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.

In short: UbitMarkets is not authorised in Türkiye by the Capital Markets Board (SPK) and holds no forex licence. The method is to collect funds with a promise of high returns and then restrict access. Claiming back money transferred to platforms of this kind is legally possible.

🚩 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:

⚖️ 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 platform's name is mentioned together with the investment story around this token; whether the two are under common management requires examination.

The site is online, so is it still trustworthy?

A site being online does not mean it is licensed; there is no SPK record.

Is 1:1000 leverage legal in Türkiye?

In Türkiye, leveraged transactions can be offered only by institutions authorised by the SPK and within the limits set by the legislation.

I still have money at UbitMarkets. What can I do?

For detailed information and legal support, you can contact Savun Law & Consultancy.

3 attorneys registered with the Istanbul Bar Association · verifyGoogle 4.8 ★ · 123+ reviews · seeOffice in Istanbul · English-speaking team · about us

This page is an English adaptation of our Turkish article UbitMarkets (ubitmarkets.com) Forex ve Kripto Dolandırıcılığı.

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