Abstract：Did you fail to receive payouts from KUBERA MARKETS despite successfully passing the trading challenge? Failed to log in to the trading account despite passing both the evaluation and funded phase? Were you surprised by the sudden nominal fee norm to receive a funded account? Did you have to go through a long withdrawal process? We have investigated these user claims while preparing this KUBERA MARKETS review article. Keep reading!
Did you fail to receive payouts from KUBERA MARKETS despite successfully passing the trading challenge? Failed to log in to the trading account despite passing both the evaluation and funded phase? Were you surprised by the sudden nominal fee norm to receive a funded account? Did you have to go through a long withdrawal process? We have investigated these user claims while preparing this KUBERA MARKETS review article. Keep reading!
Overview of KUBERA MARKETS - Company Profile, Funding Norms & Trading Instruments
KUBERA MARKETS, founded in 2017, is a Malaysia-based CFD firm that allows trading across a wide range of instruments such as forex, indices and commodities. The minimum deposit requirement is $100. It is widely regarded as a prop trading firm that empowers retail traders by giving them the opportunity to succeed in trading. As per the information available on the companys official website, one can register by clicking on zero fee. Subsequently, they need to pass the evaluation stage by achieving an 8% profit target. Upon achieving this, the trader can either choose to buy a fully funded $1000 trading account for $9.99 or a 5K account for $24.99. The company further allows traders to participate in a 50% profit share while allowing them to attain larger accounts.
Investigating the Top Trading Allegations Against KUBERA MARKETS
NO Payouts Despite Achieving Profit Targets, A Trader Claims
Contrary to the claims made by KUBERA MARKETS on its official website, an India-based trader recently alleged that despite completing the challenge and achieving the profit target, he could not receive payouts. The trader even claimed that the brokers app was non-functioning while sharing this KUBERA MARKETS review.
NO Login Despite the Successful Passing of the Evaluation and Funding Phase
A trader admitted to having participated in the free 1K challenge and successfully passed the evaluation and funding phase. However, despite this, the trader could not access the KUBERA MARKETS login page. Despite contacting the support team through email, the trader could not receive any response. This led to a negative KUBERA MARKETS review. Look below to check the review.
A Contradictory Stand on the Free Challenge by KUBERA MARKETS
A trader from India accused KUBERA MARKETS of indulging in unfair trade practices after the broker allegedly asked him to pay a nominal fee upon passing the challenge. This, according to the trader as well as the information on its website, is contrary to the free challenge advertised by the broker. Feeling bad about the sudden fee claim, the trader complained online. Here is the screenshot through which you can read the complaint.
Deactivation of Trading Buttons Until the Account Collapses Upon a Withdrawal Request
The trader, while sharing this KUBERA MARKETS review online, found the broker trustworthy initially. However, as the trader looked to withdraw funds, the broker allegedly deactivated trading buttons until the accounts collapsed. The trader further criticized the way the KUBERA MARKETS‘ top officials function. To know more about this claim, check the trader’s review below.
Withdrawal Denial Involving Funds Nearly USD 100,000 at Stake
A trader recounted a series of hassles that followed after his withdrawal requests involving funds worth USD 99,492.40. Despite multiple emails with the company‘s CEO and consulting his legal counsel, the broker allegedly failed to release funds. Elaborating further on the issue, the trader claimed that KUBERA MARKETS offered to release only USD 20K without any clear explanation or timeline on the non-release of the full amount requested. What’s worse is that the trading account was restricted with his capital being frozen and exposed to market risks. After facing this alleged trading dispute, the trader penned down an expected negative KUERA Markets review. Read this out to understand the matter better.
Investigating the Sudden Account Suspension Claim
A trader from Indonesia complained about a sudden account suspension despite being a verified user and having successfully received payouts from KUBERA MARKETS. The trader revealed that the broker allegedly used vague terms, such as underage and false KYC data, to ban the account. The trader claimed to be a verified user on a trusted broker review platform. Despite the incident, the trader tried to resolve the issue with the KUBERA MARKETS support team. However, at the time of writing the review, the trader could not receive a satisfactory response or resolution of the issue. Read this screenshot to know what the trader said about his overall experience with the broker.
KUBERA MARKETS Review by WikiFX: Is the Trading Firm Regulated?
The complaints concerning long-pending withdrawal denials, payout issues, along with KUBERA MARKETS app malfunction were enough clues of the broker not meeting the regulatory norms that many legitimate brokers are mandated to. Upon investigation, this suspicion proved true as the broker was found to be unregulated. With this revelation, the trading firm could only receive a score of 1.35 out of 10.
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