Ubuntu Invest Review – Is UbuntuInvest.com a Scam Broker?
- Website: https://www.ubuntuinvest.com/
- Website Availability: YES
- Address: 108 Elizabeth Ave, Parkmore, Sandton, South Africa, 2196
- Warning: Not recommended by the review website like Proupshot
- Website Domain Age:
- Name: UBUNTUINVEST.COM
- Registry Domain ID: 2554051051_DOMAIN_COM-VRSN
- Registered On: 2020-08-19T06:21:25Z
- Expires On: 2027-08-19T06:21:25Z
- Updated On: 2024-08-20T11:56:41Z
Ubuntu Invest Warning Signs That Shouldn’t Be Ignored
Operating through ubuntumarkets.com, Ubuntu Invest offers a premium brokerage for various trading instruments in forex, indices, shares, and commodities. Features showcased by the platform include fast order execution, tight spreads, flexibility in leverage, and instant deposits and withdrawals. Besides claiming to offer free education on trading and market insights for its clients,
Lack of Regulatory Information
The next big concern comes from Ubuntu Invest’s regulation. The company says it is authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under FSP number 51420. However, an investigation shows the FSP number is registered against some other name, “PIONEER INTERNATIONAL (PTY) LTD,” and not with “Ubuntu We Sizwe (Pty) Ltd” which allegedly runs Ubuntu Invest. This diversion may point to the fact that Ubuntu Invest is misrepresenting its regulatory claim.
Allegation of Suspicious Clone
Due to the misrepresentation of regulatory information, now there is a fair suspicion that Ubuntu Invest is a clone firm, a fraudulent entity that pretends to be a legitimate company so as to deceive potential investors into putting up their money. Such practice is an alarming trend; the UK regulators Financial Conduct Authority (FCA) have reported sums running into millions of pounds lost through such clone firm investment scams.
Warning Signs and User Complaints
User reviews about Ubuntu Invest are mixed. Some clients report a smooth experience with their account managers and decent trading results, while other clients have reported withdrawal issues and doubts about the legitimacy of the platform. These contrasting accounts require the user to tread carefully.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with Ubuntu Invest, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the Ubuntu Invest or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
For updates, follow us on:
Also, read TCEHK Review.
Leave a Reply