Ubuntu Markets Forex Review

* The broker claims to be regulated when, in fact, it is only registered in several jurisdictions.

Read our full Ubuntu Markets review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased Ubuntu Markets opinion allows our readers to decide whether Ubuntu Markets is a reliable broker.

Ubuntu Markets Forex Broker History

Ubuntu Markets is a Forex and CFDs broker with a huge red flag of claiming to be regulated when, in fact, it is not. We will review this in more detail below. The broker was established in 2025, making it super young and inexperienced in the brokerage industry. The broker offers several account types and has a minimum deposit requirement of R500 or 500 South African Rand (ZAR). This is a low minimum deposit requirement, but when comparing prices and rates in South Africa, it is not as low as it seems at first glance.

The broker makes it extremely difficult to see what specific trading conditions are like, such as leverage, minimum deposit, or spreads, which, coupled with lies it provides about its regulations, makes us suspicious that the broker is most likely a scam. The broker does not offer information about its spreads, and we could not contact the broker as there is no live chat support offered (another red flag for a potential scam).

Ubuntu Markets broker safety

The broker claims that it is a regulated Forex and CFDs broker. However, it is only registered in several jurisdictions and offers registration numbers, not license numbers, which can mislead investors and traders to think the broker is regulated. This is extremely unethical and a direct sign of a scam going on, and we advise our readers to stay away from this potential fraud. The broker is also super young, as it was launched in 2025, and there are almost no reviews online to evaluate trader feedback, which is yet another major red flag for Ubuntu Markets’ legitimacy and reliability. There are some AML policies, but the broker does not offer negative balance protection, meaning traders can go into minuses on their balance.

Overall, there are several indications that the Ubuntu Markets scam is real.

Ubuntu Markets Broker Review of Accounts

The broker offers several account types, including Lite, Prime, Premium, and Black. What’s the difference? The broker makes it super difficult to know the difference as there are only powerpoint bullet points of each account being ultra low spreads accounts, which is extremely misleading.

The only way to find details about these accounts is to contact the broker via email or phone number, which is also a red flag for its legitimacy. Reputable brokers do not hide information about their account types, and only scams have adopted this practice.

Ubuntu Markets instruments

The broker allows access to Forex pairs, commodities, and indices. There are no crypto pairs offered, which is a serious downside. The leverage is up to 1:500, and the broker makes it extremely difficult to find out about its conditions.

Ubuntu Markets Reviews of Trading Platforms

The broker offers access to an advanced trading platform, MetaTrader 5 (MT5). The platform allows custom indicators and Expert Advisors (EAs. The broker does not allow EAs yet, which is yet another downside. Mobile trading is available via MT5 mobile apps, which are accessible on all mobile devices. The platform can be downloaded from the website directly, requiring no registration.

Ubuntu Markets Forex Review of Extra Features

The broker does not provide additional features. However, it offers several tools, including AutoChartist, economic calendar, and various other tools.

Ubuntu Markets Reviews of Customer Support

When it comes to customer support, Ubuntu markets only provide email and phone support options. There is no live hat available, which is a serious downside. Especially when traders are required to contact the broker to get information about trading conditions.

The website and support are only available in African languages.

Ubuntu Markets Deposit and Withdrawal

The broker allows local payment options for deposits and withdrawals. However, withdrawals require commissions and are super slow, taking more than 1-2 business days for processing. The broker allows instant deposits for e-wallets, while wire transfers are more lengthy.

Ubuntu Markets Review Conclusion – Can you trust Hankotrade?

Overall, Ubuntu Markets lies about its regulations, hides details about spreads and other important trading conditions, and lacks live chat support. All the facts we have found indicate that the broker is a scam and can not be trusted. Despite having a low minimum deposit and offering MT5, the broker is known for its unethical behavior, which can not be overlooked.

Final verdict: Ubuntu Markets is a scam broker; stay away!

FAQs on Ubuntu Markets

Is Ubuntu Markets a scam?

The Ubuntu Markets scam is confirmed, and the broker has numerous misleading claims when in reality it is not regulated. It also hides details about its trading conditions, which is also a major red flag. Stay away!

What is the Ubuntu Markets minimum deposit?

The minimum deposit starts at ZAR 500, which is competitive by international standards.

Is Ubuntu Markets a cheap broker?

No, the broker does not disclose details about spreads and commissions, which only indicate it has big spreads, making it costly to trade with this broker.