Ubanker: Scam or Legit?

The first question most traders would ask when you talk about Ubanker is that is it legit? This is an important question to ask when you talk about Ubanker since every professional trader knows the importance of a good brokerage firm to have a successful investment journey in forex trading.

This is an exciting new service that South African market traders and forex brokers are highly recommending. You may have seen a few critical reviews as you research whether Ubanker is a reliable source or not and this is the point where you’d need to consider the professional opinions of South African market traders and world-renowned Forex brokers. If it gets a green light, you are sure that you are dealing with a fully legitimate service. However, as with any other type of service, it’s still up to you to make the right choice that is best suited for your needs.

The opinion of experts counts a lot when it comes to the legitimacy of a product or service and it should be considered a great deal. If you are gathering data by reading reviews online, you are more likely to find more positive than negative reviews. The reason behind this is that there are no other websites wherein you can get professional advice quickly and the counsel you need to be able to become an accredited and knowledgeable trader in your own right. Other websites may offer to reveal this information to you over a long period of time and for a large long-term investment of your time and money. Ubanker delivers differently. They provide their customers with the opportunity to trade like a real broker and this type of facility will be provided in a setting where the customer won’t need to put in a lot effort. The best part? Ubanker providers its customers with free training and allows the customers to invest effectively even without prior experience in the stock market or forex trading.

There are several features of Ubanker South Africa that make it the best choice for people planning to get into the field of forex brokerage:

  1. Effective financial background. This is one of the biggest points that a lot of forex traders fail to comprehend. There is a basic knowledge that you need to research and check the assets of the firm you are planning to work with. With Ubanker, there isn’t a need to have a detailed asset based off the forex broker firm. The assumption isn’t exactly correct – deposits will come from the clients but the forex firm itself should also have a strong asset base. Ubanker has a good base and financial backing of its own thus providing services that are beneficial to the customers. Now with this type of assurance, customers will be able to work confidently with the firm and they will have a guarantee that the forex firm will not go bankrupt suddenly.
  2. Great trading platform. A trading platform is one of the essential things when it comes to forex trading. Traders will have the option to manage their own accounts effectively with this kind of platform. Aside from that, customers can carry out a technical analysis of the forex news and be able to trade in the market as they wish. It is to be noted that a trading platform needs to quick and quite responsive since it’s a fast-paced environment and this is the only way it can be used effectively – this is a requirement due to the volatility of the forex market. Ubanker traders are provided with a trading platform that can provide every possible facility to its clients. If you are just starting out and would like to check the details, you can get the demo account or a trial account. This way, it’s going to be easier for you to figure out that Ubanker does have the best trading platform for traders.
  3. Security in forex trading. One of the most important points that come to mind when a person decides to become a forex trader is the security in every aspect of the trading platform. A good forex trading firm should be able to provide full-scale security to its clientele. Since Ubanker is quite new to the business, people keep on asking these questions – is Ubanker a scam? Another question that comes to mind is Ubanker also registered? The answer to the first question is no, Ubanker is not a scam and to the second question, yes Ubanker is registered. It is safe and secure in every way possible in the forex market.
  4. Trader-friendly account. When a forex trading firm offers the trader with a trading account, there are some aspects that should be considered. The features included may be the minimum amount required to open an account, available leverage, spreads to offer and the size which traders will be allowed to trade. The trading account should also include important details like methods on how to deposit and withdraw funds from the account. A good firm should ensure easy access to the account. Ubanker assures that each facility is user-friendly to make things easy for the trader. In this way, they can get involved in the process of trading effectively.
  5. Excellent customer service. The issue with most brokers is the poor customer support they have and this is where Ubanker stands apart. If you need any troubleshooting or assistance, they provide customers a 24/6 service via telephone calls or through emails. They also provide chat support to handle customer inquiries, complaints, and comments. Ubanker also has a Facebook page if you would like to keep up with the latest news with them.

So again, to answer the question: is Ubanker a scam? No. Is it legit? Yes, it very much is. Now, when you decide to trade with Ubanker, you can start off with a demo account first to begin your journey on forex trading if you just want to try it out in the beginning. If you’re looking for a dependable forex trading platform to trade your money with confidence, then Ubanker might just be for you.


  1. I withdraw my complain in ubanker is a good site someone can trade with ubanker is very good.
    the reason why i complain before is because i dont understand the transaction. now i understand it very well thank u ubanker management

  2. Hello how I know or check the ubanker legit

    • Abel Per. says

      Hi Leonard, from my experience, i can say that is a good/normal broker but not scam. I started with Ubanker using the “Position Insurance” that basically refund you partially in case of some loss (there is a section in the ubanker website you can check there, there are more details). I feel more safe with this option not all the brokers allow this option, this is the main reason why i started with them. Whatever you will decide i wish you good luck!

      • Jim Payten says

        Hi Abel i opened an account with Ubanker South Africa after that i read your comment about “position insurance”. For now i just invested the minimum deposit, let’s see

  3. ubanker is not a scam they will pay u ur money if u lose it

    • Rodney Pienaar says

      I traded for a month with ubanker. I didn’t have sufficient training so I lost my profits and ubanker was cruel enough to take all my money and gave me nothing in return! They liquidated my account indefinitely.

  4. As someone who has no trading experience how do you make sure as Ubanker that am well trained before I start trading?

  5. how much money is minimum amount to start trading

  6. David Fillbeck says

    In South Africa a lot of trading platforms are not allowed to work, this is why if you want to trade is fine to open an account with Ubanker. This broker is one of the few that is allowed from the Financial Services Board of South Africa to provide these services. When i started the minimum deposit was 200$

  7. Rodney Pienaar says

    Beware of this scam company

  8. If I invested the equivalent of $1k and made a profit during the year of say $5k…can I withdraw the profit or am I only permitted to withdraw the initial deposit and a percentage of the profit ?

  9. Ubanker can help you to have an extra income, but you need to be informed about market trends and how it affects your investments.

  10. maduro velazquez says

    it is a scam company they claim they have their site in Bulgarian land keep asking money for maintaining the margin

  11. UBanker is definitely not a scam. With Forex trading there is always the risk that you could lose your money because of the volatile nature of the markets, but that has nothing to do with the platform that you are using.

  12. Unice kate says

    Hey mates?my experience with ubanker is been so so terrible, I lost $58,500 while trading binary option with them,they refused to take my calls,I lost contact with them..but thanks to my friend who introduced me to a broker company in Germany who assisted me in recovering all my lost funds in just few days.

    • Mark Nyiburi says

      Bro, can you please help me. Ubanker and Bforex are related. I lost over $4k with Bforex, they are scammers.
      If you can help me report so I can recover my money, I’ll be very grateful.

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