Ubitex.com Review

GET A FREE CONSULTATION

In selecting a trustworthy trading platform, traders need to be careful not to fall prey to scams. Ubitex.com is one such platform that has raised suspicions since there have been several complaints from unhappy customers who say that they have lost money and are unable to withdraw their funds. The site itself is currently not operational, and the Autorité des Marchés Financiers (AMF) in France has also put out an official warning against the broker, which makes it very clear that this site may be a scam. This review will explore the problem of Ubitex.com and present the experiences of those users who were victims of this site.

Negative User Reviews

A glance at Trustpilot and other review sites shows overwhelmingly negative comments regarding Ubitex.com. Users have complained of losing their investments, not being able to withdraw money, and being subjected to deceptive practices by the platform. Most reviews point out that Ubitex.com does not remit users their money and instead gets them stuck in a loop of false promises.

A user wrote, “This is a huge scam. Don’t let anyone fool you since you will never be paid.” Another trader posted, “Doesn’t even warrant a star. I got tricked just like most others.” These are just indicators of the universal anger among investors who feel they were duped.

Fraud Allegations

Many traders have labeled Ubitex.com a fraud and warned others to stay away. Users have urged victims to report the company to their local fraud departments to prevent further scams. One review described it as, “Fraud, scammers. Please report to your local fraud department. Don’t fall for it.”

The scam allegations became even clearer when the company migrated to the UBX platform. According to users, the platform seized their principal investments, falsely claimed major losses, and refused to allow full withdrawals. Instead, traders were offered only 0.2% withdrawal access, which means it would take 500 months to recover their funds.

Deceptive Business Practices

While Ubitex.com was declaring financial loss, users also noticed that the company was hosting a large festival in Vietnam on 9th January 2025 and spent significant amounts of money. It further casts doubt on their true financial status and whether they froze user funds intentionally or not. “They took our principal amount, showing a large loss, but spent money on a festival. This is a scam!” was a comment from one of the disappointed traders.

Final Verdict

Based on several user complaints and an official warning by AMF (France), Ubitex.com seems to be an untrustworthy and possibly fraudulent broker. With a non-operational website, a record of fund seizures, and deceptive statements regarding financial losses, traders should stay away from this platform at all costs.

If you already invested in Ubitex.com, report the issue to financial regulators and scam departments. Don’t be trusting of any brokerage that isn’t regulated and transparent.

Need Help Recovering Your Money?

If you have been scammed by Ubitex.com or any other fraudulent broker, professional assistance is available. CryptoScams.com.au provides expert investigation and recovery solutions for victims of crypto and financial fraud. Don’t let scammers win—take action today!

Also, check some scam broker reviews here.

Visit CryptoScams Facebook Page.