FXKuber

Brokers like FXKuber always make us wonder how users from all around can fall for such obvious schemes. Nothing about this broker is trustworthy. Read the review to find out more.

The identification information revealed by the broker is convoluted at best. The common misleading UK address has been included, with no backing of any sort to prove a UK registration or an FCA license. We checked the regulator's site and found no evidence to believe that FXKuber is regulated by the FCA.

Meanwhile, in the footer we read “Powered By BDSWISS”, BDSwiss being a legitimate Swiss broker, and one of the best ones at that. Are we to seriously believe that FXKuber is powered by one of the most respected and heavily regulated brokers in the entire industry? FXKuber has no affiliation with BDSwiss.

Last but not least, there are no legal documents, and this only increases the scammer factor of the broker.

It goes without saying that FXKuber is not licensed anywhere and it is a risk to all, not to mention a scam!

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

There was no registering; we could not open an account because the broker requires a referral ID, meaning that the only way to open an account with FXKuber is by first being contacted by them. This is how most investment scams begin!

According to the website, the leverage is capped at 1:1000. The proposed tradeable assets are forex currency pairs, indices, futures, cryptos, and other CFDs not revealed. There are no spreads revealed.

We also came across a so-called passive income account, that allows for “flexible payment schemes for copying traders” and for users to be able to “copy trades without a trading platform“. This all sounds to good to be true. It's probably an extension of the scam!

FXKUBER LOGIN

The reality of things is that there was o way for us to access the promoted MT4 and MT5. We had no direct access to a trading software.

On the website, we noticed there are logos of the MT5 and MT4, but with no accompanying download links.

We can conclude that there is no reason to believe that the broker offers the MT4 and MT5. Without any proof of this, all we have are empty claims. Perhaps registered users will be granted access to a certain we trader, but there is no guarantee here either.

FXKUBER MINIMUM DEPOSIT

All deposits made in this broker are surely a loss! The firm is unregulated and is, therefore, a risk to all! Don't you forget that!

As seen on the website, the broker claims to offer shady crypto wallets as payment options. Not only are crypto-based payment means the riskest of all payment methods, but there also is no guarantee that these are the actual payment gateways. Without a registration, we cannot w be sure of anything.

No further payment details exist. There is no minimum deposit requirement, whihc is one of the most important pieces of information, completely neglected by FXKuber.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

FXKUBER WITHDRAW TIME AND FEES

FXKuber in not licensed, and therefore we have reasonable evidence to believe that users will not be able to withdraw!

If you were expecting withdrawal details, think again, Without accessing a client portal, we cannot get any withdrawal information. However, this does not exclude the broker for not including any on the website. These are crucial details, and it's a mystery why FXKuber has not mentioned even a tad bit of insight into withdrawing processes.

Moreover, many scammer brokers employ hidden fees and there is no saying what this one has in store!

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

There is no bargaining with FXKuber. This is one very risky and unfaithful broker. All investments will be lost, while personal details will be mistreated. Do not waste your time here!