UK Cubix is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and cryptocurrencies. However, there are a number of red flags that suggest that UK Cubix is a scam broker.
Company Overview
Team
The UK Cubix website does not provide any information about the company’s management team or staff. This is a red flag, as legitimate brokers should be transparent about who they are and who is running the company.
Services or Products
UK Cubix offers a variety of trading services, including CFDs, forex, and cryptocurrencies. However, the website does not provide any detailed information about these services. This is another red flag, as legitimate brokers should be clear and upfront about what they offer.
License and Regulations
License Status
UK Cubix is not regulated by any financial regulator. This is a major red flag, as it means that the broker is not subject to any oversight or regulations. This makes it very risky to trade with UK Cubix, as there is no guarantee that your money will be safe.
Regulation Status
UK Cubix is not registered with the Financial Conduct Authority (FCA), the UK’s financial regulator. This is another major red flag, as the FCA is responsible for protecting investors from fraud.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why it is risky to deal with an unlicensed broker. First, unlicensed brokers are not subject to any oversight or regulations. This means that there is no guarantee that your money will be safe. Second, unlicensed brokers are more likely to engage in fraudulent activities, such as front-running, market manipulation, and money laundering. Third, unlicensed brokers are more likely to disappear with your money altogether.
Legal Warning Against UK Cubix
The Financial Conduct Authority (FCA) has issued a legal warning against UK Cubix. This means that the FCA has warned investors about the risks of dealing with this broker. The FCA has also advised investors to stay away from UK Cubix.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about UK Cubix online. These reviews allege that the broker is a scam and that it has stolen money from its clients.
Feedback About Their Trading
Some clients have complained that UK Cubix’s trading platform is buggy and that it is difficult to place trades. Others have said that the broker’s spreads are too high and that it is difficult to make a profit.
Feedback About Their Customer Service
Clients have also complained about UK Cubix’s customer service. Some have said that the customer service representatives are rude and unhelpful. Others have said that they have been unable to get in touch with customer service at all.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by UK Cubix or any other broker, there are a number of things you can do. First, you should report the scam to the Financial Conduct Authority (FCA).
Second, you should try to get your money back. This may be difficult, but it is not impossible. You can try to contact the broker directly and demand your money back. You can also try to file a civil lawsuit against the broker.
Finally, you should contact us to get quick help. We will provide you with a free consultation and service recommendations to get help in recovering the lost fund.
Final Thought
UK Cubix is a scam broker that should be avoided at all costs. If you have been scammed by UK Cubix, you should take action to get your money back. You should also learn from your mistakes and do your research before you start trading with any broker.
We hope this article has been helpful. If you have any further questions, please do not hesitate to ask.
