UB4Trade Review

Is UB4Trade Scam or Legit Broker?

UB4Trade is not a safe broker. It does not hold any license which means that the broker's activities are not overseen by any authority. Generally, offshore or unregulated brokers are engaged in fraud offerings, which may put the trader's investments at risk.

• In forex trading, it is essential to sign in with a reliable broker with tight regulations. Many unregulated brokers try to attract traders by favorable conditions and offerings, but often this is just a trap. 

What is UB4Trade?

UB4Trade is a Forex and CFDs broker, owned and operated by Finatex Ltd. The company claims to be located in London, UK, although it is not authorized to provide financial services in the UK. It seems that the broker has been targeting European residents, as the languages supported on the website are English and German, also the provided contact numbers are British and Swiss.

• UB4Trade doesn't seem to be regulated by any of the regulators, moreover, Danish Financial Supervisory Authority has issued a warning against this firm in March 2018:
  "Finanstilsynet has been informed that UB4TRADE provides financial services in Denmark. However, UB4TRADE is not under the supervision of the Danish Financial Supervisory Authority and is thus not authorized to pursue activities covered by the Danish Financial Business Act in Denmark."

UB4Trade Review Conclusion

To sum up, UB4Trade is an unregulated broker that cannot be trusted. As one of the most important things when choosing a broker is whether it is licensed or overseen by any of the financial authorities. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets, HotForex, and Infinox (Check Infinox broker review).

UB4Trade Update

We found the UB4Trade website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert if any proposals come.