About UBK Markets
Who Is UBK Markets?
UBK Markets is a Cyprus-based forex and CFD broker established on May 29, 2019. It is operated by Simcord, a company focused on software development and analytical products for financial sectors. The broker is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under an STP (Straight Through Processing) execution license.
The firm's official registered address is at Spyrou Kyprianou 67, Flat/Office 2, 4003, Limassol, Cyprus. As a CYSEC-regulated entity, it must adhere to European MiFID II standards, including client fund segregation and negative balance protection.
Regulatory Oversight
UBK Markets holds a CYSEC Forex Execution License (STP), classified as regulated. This license permits the broker to offer leveraged forex trading to retail and professional clients within the European Economic Area. CYSEC oversight requires compliance with capital adequacy, reporting, and investor compensation scheme membership (ICF up to €20,000).
Our review cross-checked the licence against CYSEC's public register, confirming its active status as of the known facts. The broker's regulatory framework provides a baseline of protection for clients, though traders are still subject to market risks.
Account Offerings
UBK Markets provides three account types: Classic, iPA-Investor, and iPA-Manager. The Classic account has a low minimum deposit of 25 USD, making it accessible for retail traders. The iPA-Investor account requires a 50 USD deposit, while the iPA-Manager account has no specified minimum deposit.
Leverage is limited to 1:30 for major instruments and 1:20 for additional instruments across most accounts, in line with ESMA restrictions for retail clients. The iPA-Manager account does not disclose leverage limits, suggesting it may be for professional or managed accounts.
Trading Platforms and Instruments
UBK Markets utilizes the iPro Marketplace platform, which integrates trading, capital management, and analytical tools. The broker offers a comprehensive range of forex pairs, including 7 major pairs and over 30 minor and exotic crosses. The instrument list covers major currencies against the USD, EUR, GBP, AUD, NZD, CHF, JPY, CAD, NOK, SEK, and SGD.
Notably, UBK Markets does not advertise offerings in other asset classes such as indices, commodities, or cryptocurrencies on its known public materials. This suggests a focused forex-only brokerage model.
Client Suitability
UBK Markets is best suited for retail forex traders seeking a regulated European broker with low entry barriers. The Classic account's 25 USD minimum deposit and capped leverage appeal to conservative traders. The iPA-Investor account may attract passive investors looking to allocate capital through a managed structure.
The broker's STP execution model implies no conflict of interest with client orders, though spreads and commissions are not disclosed in public records. Traders should verify current trading conditions directly with the broker.
Transparency and Risk Considerations
Given the broker's CYSEC license, UBK Markets offers a reasonable level of regulatory transparency. However, its public web presence is minimal, with the official domain resolving to a placeholder (eth.link) rather than a fully functional website. This lack of accessible information limits independent verification of trading conditions, fees, and customer feedback.
Prospective traders are advised to conduct due diligence, including reviewing the broker's legal documentation and contacting customer support directly. As with any leveraged forex trading, significant financial risk exists, and clients should only trade with funds they can afford to lose.
Overview compiled by FXCanary from regulatory records and public data. full UBK Markets review