Ubuntu Markets SCAM Forex Broker Review — Everything you need to know

Ubuntu Markets is a South African Forex and CFDs broker, targeting mainly local traders. However, we have detected several issues with this broker, which makes it a very risky choice.

The broker was established in 2025, which makes it very inexperienced in the FX trading industry.

The broker claims to be a regulated broker that provides FX assets, but it is just a lie. The broker is not regulated by any entity and is only registered offshore, which is a major red flag. Not only is the broker unregulated, but it claims to be a regulated broker, which is a serious indication that the broker is most likely a scam. As an unregulated Forex broker, Ubuntu Markets does not offer negative balance protection and is not a member of the investor compensation fund, which are very serious red flags as well.

Overall, we advise our readers to stay away from this scam company.

Ubuntu Markets Overview of the Website

The website is also not efficient. The broker does not provide information about its spreads, leverage, and minimum deposit, nor is there any information about its commissions. Traders have to contact the broker to get this information, which is a major red flag as well.

Reliable brokers are not shy to disclose all the details about their services.

Ubuntu Markets Accounts Reviewed

The broker offers several account types, such as Lite, Prime, Premium, and Black. There are no details given except general information. If we trust the broker’s words, all of its accounts allow super low spreads trading, which is a lie. The broker offers educational resources only to its premium accounts, meaning traders need to deposit serious amounts of money in their accounts to get any benefits. The Black trading account is the VIP account type that offers all the benefits and adds some extras like live events and more.

Swap-free or Islamic accounts are also available, and there are no details about them either.

The minimum deposit is 500 ZAR, and leverage is capped at 1:500.

Ubuntu Markets Demo account

The demo account is provided, which is important to check trading conditions and develop trading strategies. This account is free, and the broker offers the MT5 platform here as well.

Deposit and withdrawal options at Ubuntu Markets

Deposits and withdrawals are allowed via local payment options. The broker claims to offer instant withdrawals, which is also a lie. Scam brokers won’t typically allow anyone to withdraw profits, and if they do, processing times are super lengthy. There are no details provided for withdrawals, which solidifies our argument.

Ubuntu Markets Assets — What can you trade?

The broker does not offer too many assets as traders can only access Forex pairs, commodities, indices, and shares. There is no crypto available for trading, which is a serious downside. The broker also failed to provide details about the leverage, and we were able to find it to be 1:500, which is high.

Trading platforms of Ubuntu Markets

The broker allows access to the advanced trading platform MetaTrader 5 (MT5). The platform supports custom indicators and Expert Advisors or EAs. the broker does not allow EAs, which is a serious downside.

Education at Ubuntu Markets

The broker offers educational resources but only for premium users who are using account types premium and beyond. This is a noticeable drawback. There are many tools provided like AutoChartist and calculators. Traders can also access the economic calendar, which is useful.

Ubuntu Markets Customer Support

The support is provided via email and phone support options, which is a downside. There is no live chat support provided, which is very disadvantageous for traders as it is the fastest and cheapest way to contact the broker and resolve any issues. The language support includes local languages, which is flexible.

Overall, the broker fails to provide an excellent support experience.

Is Ubuntu Markets your broker? Final verdict

Ubuntu Markets presents multiple red flags that directly indicate it is unreliable and most likely a fraudulent Forex broker. With no regulations (claiming to be regulated!), misleading claims, a lack of transparency regarding spreads and other conditions, coupled with poor customer support, traders are heavily advised to stay away from this broker.

The broker’s unethical behaviour and absence of proper investor protection are red lines that reputable brokers never cross.

FAQs on Ubuntu Markets broker

Where is Ubuntu Markets based?

The broker is based in South Africa, providing its services mainly to African traders.

Can you withdraw from Ubuntu Markets?

No, the broker seems fraudulent, and we can not confirm that it actually allows withdrawals. Stay away!