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UBanker

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Operating status: SCAM

Website: https://ubanker.com/

Broker violations and abnormal records
  • Jul 07, 2021 The Spanish regulator CNMV added UBanker into the unregistered firm alert
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country:https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UBanker
    The Spanish National Securities Market Commission (CNMV) warned the public that the firm is not authorised to provide the investment services in the country:https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=UBanker
  • Feb 16, 2025 BrokersView has reviewed that UBanker is an unregulated broker

    According to its website, it claims to be regulated in Vanuatu Financial Services Commission (VFSC)
     and has an address in Cyprus Securities and Exchange Commission (CySEC). Upon investigation, no matching information was found in VFSC and CySEC.

    In essence, UBanker is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    UBanker appears to be a scam. 

    According to its website, it claims to be regulated in Vanuatu Financial Services Commission (VFSC) and has an address in Cyprus Securities and Exchange Commission (CySEC). Upon investigation, no matching information was found in VFSC and CySEC. In essence, UBanker is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. UBanker appears to be a scam.

Related Complaints

Q&A

What accounts do they offer except for standard account? Do they offer mini account?

charlesd
Aland lslands
Jul 27, 2022
ANSWER UBanker is owned and operated by Green Pole Ltd, a company authorized by the Vanuatu Financial Services Commission (VFSC) with licence number 14627. We do find a match result to Green Pole Ltd in VFSC.However, VFSC is a popular offshore regulator among forex brokers as capital (or bond) requirements are relatively small. A Forex license covering the online activities of a brokerage is issued in 2-3 months, which is indeed extremely fast. Moreover, there is no income tax, capital gains tax and inheritance tax in the country. So VFSC-regulated brokers are actually not under as strong regulation as FCA, ASIC and NFA regulated brokers. Most importantly, some shady brokers will falsely use the regulatory information of a licensed broker by VFSC, as this regulator provides neither authentication details nor domains of the registered company for traders to verify. Consequently, it is not a hundred percent sure that the licensed entity is the one that runs the business under the trading name of Green Pole Ltd. We would recommend exercising caution when dealing with VFSC- regulated brokers.As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer. For more details on this broker, you can check our full UBanker review.
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