KUBERA MARKETS operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

No verified regulatory license on file

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	85	35%
Company age	45	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	0	12%
Offshore registration	45	8%
Transparency (site/info/social)	25	10%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameKubera Capital Markets Ltd

Headquarters Malaysia

Founded2024-01-08

Years operating2-5 years

Employees0

Official websitekuberamarkets.com

Trading conditions

Avg execution speed0 ms

Avg slippage0

Swap rating—

Trading cost rating—

Monitored traders0

Monitored orders0

Funding & instruments

Deposit methods—

Withdrawal methods—

Instruments—

Registered address

Office Suite 1307, Level 13(C), Block 4 Financial Park Complex Jalan Mardeka 87000 Labuan, Malaysia

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Kubera Markets operates without valid regulation and shows conflicting corporate registrations between Malaysia and Switzerland. Its dual offering of CFD trading and prop funding adds complexity but does not mitigate the risks of unlicensed operations. Traders should be wary of depositing funds with this broker due to the lack of oversight and suspicious license claims.

Best for

Traders interested in prop funding challenges
CFD traders comfortable with high leverage

Not for

Traders requiring strong regulatory protection
Investors seeking transparency and clear corporate structure

Period:

What users praise

Where reviewers are from

Egypt1

Real user reviews

Where KUBERA MARKETS operates

Active across 7 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇳🇬 Nigeria

🇮🇳 India

🇩🇪 Germany

🇿🇦 South Africa

🇲🇦 Morocco

🇦🇷 Argentina

🇺🇸 United States

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What KUBERA MARKETS says about itself as stated by the broker · not independently verified by FXCanary

Proprietary Trading Model

According to its website, Kubera Markets operates a 'Pass Then Upgrade' prop trading model. Traders can take a free challenge and upon successful completion, upgrade to a funded trading account. The firm offers instant funding programs and a 1-step evaluation process with maximum scaling up to $1,000,000. Evaluation fees start at $56 for a $1,000 account.

CFD Trading

Kubera Markets claims to provide access to over 500 markets through CFD trading, including forex, stock indices, and spot commodities. The broker states it offers leverage up to 100:1, 100% STP execution, no commissions, and a minimum deposit of $100. The platform is MT5, and traders can open personal or corporate accounts.

Company Structure

The website's terms and conditions reference 'Kubera Sàrl' as the company, a Swiss entity. However, Kubera Markets also lists a registered address in Labuan, Malaysia. The broker states it has a strategic trading relationship with JFD Brokers, a regulated multi-asset brokerage, to expand its trading capabilities.

About KUBERA MARKETS

Who Is Kubera Markets?

Kubera Markets is a trading platform based in Malaysia, established in 2024, that offers both retail CFD trading and proprietary trading challenges. The broker's registered address is in Labuan, Malaysia, but its terms refer to a Swiss company, Kubera Sàrl, creating ambiguity about its legal standing.

The broker operates the website kuberamarkets.com and promotes a 'Pass Then Upgrade' prop model alongside traditional CFD trading. It aims to attract traders looking for funded accounts or high-leverage CFD trading.

Regulation and Safety

Kubera Markets claims to hold an LFSA license, but this is regarded as a suspicious clone. According to our known facts, the broker has no valid regulatory oversight. The mismatch between the Malaysian registration and the Swiss company in the terms raises further concerns.

In FXCanary's assessment, the absence of a credible regulator and the conflicting corporate details place this broker in a high-risk category. Traders should exercise extreme caution.

Trading Platforms and Instruments

The broker offers the MetaTrader 5 (MT5) platform for retail CFD trading. According to its website, traders can access forex, stock indices, and commodity CFDs. The broker also provides proprietary trading through its own dashboard for funded accounts.

For CFD trading, Kubera Markets claims to offer leverage up to 100:1, STP execution, and no commissions. The prop trading side uses a challenge-based model to qualify for funded accounts.

Account Types and Funding

Kubera Markets offers two main avenues: a live CFD trading account with a minimum deposit of $100, and prop trading accounts with evaluation fees starting at $56. The CFD account comes in personal and corporate varieties, while the prop program includes instant funding and 1-step evaluations.

Deposit and withdrawal methods are not explicitly detailed on the site, but the broker accepts fiat currency. The minimum deposit for the CFD account is $100, while the prop program requires only the evaluation fee.

Target Audience

Kubera Markets targets two distinct groups: retail CFD traders seeking leverage and low deposits, and traders interested in prop funding challenges. The prop model may appeal to those who want to trade firm capital without risking their own.

However, the unregulated status and corporate opaqueness make it unsuitable for risk-averse traders. The broker's dual offering may confuse newcomers.

Overview compiled by FXCanary from regulatory records and public data. full KUBERA MARKETS review