ANSWER Dear Investor,
Yubit Market has not provided any information regarding regulatory oversight or licensing, claiming only to be a company registered in Saint Lucia. While our search confirms that Yubit Market Ltd. is listed with the Saint Lucia International Financial Centre (IFC), this entry indicates an International Business Company (IBC) registration only. It is crucial to understand that this status does not constitute a valid brokerage license, and currently, no institution in Saint Lucia explicitly regulates forex trading activities.
Furthermore, Yubit Market lacks any other regulatory disclosures. This suggests that the platform likely operates without any authorization or supervision, increasing the risk of engaging in illicit activities.
Therefore, we strongly recommend avoiding this dealer to ensure the safety of your assets.
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