Ubuntu Markets Scam Reviewed and Explained

Ubuntu Markets Broker review — Safety, assets, support, and much more!

Ubuntu Markets is a special case in the South African broker scene as this particular company claims to be regulated but is, in fact, registered only in the jurisdictions listed on its website. This directly indicates that the broker is most likely a scam.

Ubuntu Market is also young as it was launched in 2025, giving it very limited experience in the FX brokerage industry. The broker does not disclose its conditions unless traders contact it via email or phone call, which makes us think it is a scam broker. There are several account types available but no details are given to compare them with each other for spreads, leverage deposit, and so on.

The Safety and Security of Ubuntu Markets

The broker claims that it is a regulated Forex broker, which is false. The broker is only registered offshore and not licensed in any jurisdiction. The broker is operated by Ubuntu We Size Two Four Seven (Pty) Ltd. There is another company registered in Cyprus that acts as a payment processor for the broker. The broker itself is not regulated by any authority, which is a good recipe for scams.

What makes the situation even worse is that the broker claims to be a regulated broker. This is extremely unethical and indicates the broker is most likely a fraud.

There is no negative balance protection, and the broker is not a part of the investor compensation fund.

Ubuntu Markets Fees and Spreads

When it comes to spreads and commissions, the broker is silent. The website does not offer any specific details about any important conditions, like commissions on its low spread accounts or fees for withdrawals, which is a major red flag as well. The broker does not provide details about its spreads, which makes it impossible for traders to select a suitable account type.

Ubuntu Markets Accounts, Deposits, and Withdrawals 

The broker offers several account types but fails to provide any details. Despite this, we found out the minimum deposit should be 500 Rand (ZAR), and the leverage is up to 1:500. There are Lite, Prime, Premium, and Black. Let’s briefly overview each of them below.

Ubuntu Markets Lite Account

The lite account is an entry-level trading account type that offers the most basic features. The broker claims ultra low spreads, which is a lie as no broker offers low spreads for their standard accounts. This account offers MT5 access, up to 200 instruments, and WhatsApp support. However, the claims of instant withdrawals seem exaggerated, and we can not confirm that the broker allows withdrawals at all.

Ubuntu Markets Prime Account

The Prime accounts offer everything the Lite account has and adds some more features. There is online education, access to webinars, and access to managers. However, the broker does not disclose the minimum deposit for this account either, which is a downside.

Ubuntu Markets Premium Account

The premium account is a premium offering, but the broker does not provide details about its spreads, which is a downside. There is no info about commissions for low spreads, which is a red flag as well. On top of all the benefits offered by the Prime account, the premium account also offers a special membership program for prizes and rewards.

Ubuntu Markets Black Account

This account offers all the features of the Premium account. This is the VIP equivalent of an account that offers even more perks and features. This account details are also undisclosed, which is also a red flag.

Ubuntu Markets Deposits and Withdrawals

In all account types, the broker claims to provide instant deposits and instant processing for withdrawals. This is a major red flag in itself. Reputable brokers typically have 1-2 business days for withdrawals, and unregulated brokers known for unethical practices claiming instant withdrawals are a direct red flag. Stay away.

Ubuntu Markets Trading Platforms, Assets, and Features

The only section where the broker seems reliable is in its platforms department. Ubuntu Markets provides access to the advanced MetaTrader 5 (MT5) platform. The platform supports both custom indicators and Expert Advisors (EAs). Mobile trading is available via the MT5 mobile platform and the broker provides a download link.

The broker advertises itself as offering up to 200 different instruments. These instruments are provided from assets like Forex, commodities, indices, and shares. The broker fails to provide any details about the exact list of instruments it offers, which is a huge downside.

When it comes to extra features, the broker offers some tools like AutoChartist, economic calendar, daily signals, Fibonacci, Pivot points, and several calculators. These tools can be used to increase accuracy, but the broker is most likely a scam so it is not recommended to trust its tools. There are no bonuses offered, which is a downside as the broker is young and should try to attract traders to its platforms.

Ubuntu Markets Customer Support Review

Customer support is critical in F trading. Ubuntu Markets only provides email and phone support options. This is a major downside, as the broker uses phone support to scam customers. There is no live chat or FAQs section to resolve issues or get answers. Phone support is costly. There are several languages available, but they are fewer than four. So, the broker is not an international band but rather a scam company focused on South African traders.

Ubuntu Markets Education

While the broker offers educational resources, these contents are only accessible to clients who have at least the Prime account. This makes it costly to get learning materials from Ubuntu Markets. There are webinars offered, and the broker even assigns managers to traders who deposit a lot of money, which is not convenient for education.

Should you consider Ubuntu Markets? 

Overall, Ubuntu Markets is a scam broker that claims to be a regulated broker. However, the broker is not overseen by any authority and hides all important conditions such as spreads, leverage, minimum deposit, and more.

FAQ on Ubuntu Markets