CubusFX

Fake broker “CubusfX” calling yourself on the path to one of the most profitable, comfortable ways earned weaving on trading financial instruments. The scammer promises to give everyone who opens a “Personal Account” the opportunity to become the owner of real shares.

Then the swindler whistles: you will need to trade contracts for differences in prices. For some reason he calls them CPO, and not CFD. There were tons of semantic and grammatical errors on the site. This is also proof that the money will come as a banzai.

According to legend, the brand Cubus Group LTD, which manages CubusFX, is registered in Saint Lucia. It is impossible to verify this. The reason is the closed register of legal entities.

The very fact of registration in an offshore like Saint Lucia speaks for itself. What we have in front of us is not a broker, but a rotten scam that cannot be trusted.

Rating Forex reminds: honest brokers open their headquarters in strict jurisdictions that can guarantee the protection of client rights.

The situation with the CubusFX license is the same as with registration. Its presence is highly questionable. Even if it is, it doesn’t change anything at all. Offshore financial regulators are simply unable to provide the proper level of oversight for fraudsters.

In addition, the rotten scam “CubusFX” is registered to a shell company in the UK. In this situation, it is obvious: he definitely has nothing to do with real Forex brokers. This is a money sucker. He will leave without a penny.

On the garbage dump’s website there is a list of financial instruments that it offers to trade. Not an ounce of details. There are only types of markets. This is clearly not enough. The scammer gets a big minus again.

Trading conditions are hidden. The only information the CubusFX scammer gives is the size of the bonuses for each type of deposit.

Rating Forex reminds you: if a broker has bonuses, he will run aground. Honest intermediaries who bring transactions to the interbank market never have them. You need to remember this.

KubusEfX said absolutely nothing about ways to replenish a deposit and withdraw money. Here is another proof that instead of trading, it’s a scam.

Terms of cooperation CubusFX

Fraudster “KubusFX” encourages to do investments:

• in shares;
• indexes;
• cryptocurrencies;
• futures of metals and raw materials;
• bonds.

According to the scammer, these are all contracts for difference. They’re CPOs. Although in reality we should be talking about CFD.

There is no complete list of financial assets anywhere on the scam website. This is a bad sign. He says that in front of us there is a bullshit thrower, throwing. Such sharashki hang noodles non-stop to fill their pockets.

Rating Forex warns: crypto assets are among the assets. This is another bad signal. There are no cryptocurrency pair brokers. These assets do not have liquidity providers. This means there is nowhere to withdraw transactions with them. They can only be served on their own servers, which is the most risky for traders.

Scam offers 6 accounts to choose from:

• Basic — € 250.
• Silver – € 1000. Bonus – 20%.
• Gold — € 5000. Bonus — 25%.
• Platinum — €20,000. Bonus — 30%.
• Exclusive – € 50,000. Bonus – 35%.
• VIP – € 500,000. Bonus by agreement.

The CubusFX scammer allows you to transfer money between accounts without commissions. In all accounts except Silver, Basic, the trader gets access to trading signals.

Another reason to blacklist KubusFX is bonuses. Firstly, this is a sign of a scam. Secondly, on the main page of the scammer’s website it is said that the bonus is 100%. At the same time, in the description of accounts it does not reach 40% for the highest deposits.

The terms of trade are bad. Scam does not provide specifications. Therefore, his patients will not recognize:

• what is the leverage?
• what spreads, commissions, swaps you will have to trade with.

Even the minimum volume of transactions is questionable, not to mention the stop-out and margin call levels.

Rating Forex warns: the scammer has hidden all trading conditions. No normal trader would do this. An honest broker has nothing to hide from clients. Only the scammers who hunt the noose are dark.

Registration, regulation, replenishment and withdrawal from CubusFX

“CubusFH” is allegedly managed by Cubus Group LTD. Registration address: 1st Floor, Beausejour Rd, Gros Islet, Saint Lucia. There is also Cubusfx Ltd. This brand is registered at 207, Waterloo Road, London, England, SE1 8XD.

The company from Saint Lucia cannot be verified. But it’s not a problem. If someone registers in such an offshore and calls himself a broker, he is definitely a rotten swindler. You can’t give him money.

Rating Forex checked the British company. It really exists. Registered in April 2023. According to the standard industry classification code, must be involved in the management of financial markets. That is, in theory, to provide brokerage services.

But everything depends on the authorized capital. It’s only £1. This makes it clear: this is a scam.

Rating Forex would like to remind you that real UK companies wishing to provide Forex broker or dealer services must have a minimum£ 300,000. Without this amount they simply won’t give you a license.

Cubusfx Ltd is a one-day company. There are plenty of them in the UK. Reasons 2.

Firstly, a legal entity can be registered remotely. It’s very cheap. Costs up to £40. At the same time, you can write whatever you want on documents.

Secondly, the first report must be submitted only one year after the start of activity. Therefore, scammers have a whole 12 months to pretend to be a legitimate company, which they actively use.

Regulation

It is impossible to check the availability of a license from the financial regulator of Saint Lucia due to closed registries. This doesn’t change the situation. Such licenses do not guarantee the protection of traders. Offshore regulators do not monitor licensees.

It was possible to verify the license of the British company. It turns out that there is no such document. The FCA has never heard of Cubusfx Ltd.

The only one The financial regulator that knows about this scam is the Russian Central Bank. He blacklisted him for showing signs of being an illegal professional participant in the securities market.

The fact that the scammer ended up in the emergency situation of the Central Bank of the Russian Federation means only one thing. Rating Forex warns: the target audience of the scam is Russians.

Account replenishment and withdrawal of money from CubusFX

There is no information on the sharashka website about how you can top up or withdraw. There are no terms or fees for transactions. If the intermediary hides such information, you should not give him money under any circumstances. Otherwise it will have to be taken away.

How KubusFX scams money 

CubusFX finds victims on its own. To do this, he has a database of telephone numbers of Russian residents leaked onto the Internet. The scammer calls everyone and sells her services. It can take several weeks for one person to be persuaded to replenish.

When the victim deposits money, the swindler immediately steals it and fakes a trade. A person opens and closes transactions, sees that the deposit is growing or going down. The bit is tempting to top up the account again. Ostensibly to increase profits or recoup losses on profitable trades, which he himself will give a tip on.

The swindler “CubusEfX” milks until the patient tries to withdraw. Then one of two things begins. The scammer either ignores them or tries to scam them out of money.

In the first case, the trader’s orders hang unprocessed. His account may be frozen for far-fetched reasons. If the scammer believes that he can squeeze another portion of cabbage out of the client, he begins to demand payment of withdrawal fees, taxes, and conversion fees.

When the victim agrees and pays, a new wish of the swindler emerges. The washing of pockets will continue until the trader understands: he won’t see his money, he’s been scammed.

Sharas like the scam broker CubusFX do not voluntarily give money to anyone. Their goal is to drain as much cabbage as possible and delay the moment when the victim realizes that he has been scammed. This makes it possible for scammers to find and undress new people without changing the site.