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Hubblebit

Switzerland|2-5 years|
Suspicious Scope of Business|High potential risk|

https://hubblebit.com

Website

Rating Index

Contact

+44 2039875790
support@hubblebit.com
https://hubblebit.com
Werdmühlepl. 4, 8001 Zürich, Switzerland

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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Disclosure

Danger

CH FINMA
2022-06-07

Contact number

English

+44 2039875790

Broker Information

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Company Name

Hubblebit

Company Abbreviation

Hubblebit

Platform registered country and region

Switzerland

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Hubblebit · WikiFX Survey

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Hubblebit · Company Summary

General Information & Regulation

Hubblebit is allegedly a forex broker registered in Switzerland that claims to provide its clients with a web-based trading platform, leverage up to 1:300, competitive spreads on various tradable assets, a choice of five different account types, as well as wealth management services and 24/5 customer support service.

Market Instruments

Hubblebit offers a variety of trading instruments in financial markets, including CFDs on indices, futures, bonds, forex and cryptocurrencies of Bitcoin, Ethereum, Litecoin and more.

Account Types

There are five live trading accounts offered by Hubblebit, namely Trial, Silver, Gold, Platinum and Signature. Opening a Trial account requires the minimum initial deposit amount of $2,500+, while the other four account types have much higher minimum initial capital requirements of $10,000+, $25,000+, $100,000+ and $250,000+ respectively.

Account

Leverage

The maximum leverage ratio provided by Hubblebit is much higher than most brokers, up to 1:300. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

As tested on the demo account of Hubblebit, the spread for the EUR/USD was floating around 3.4-3.6 pips. Also, the broker claims to charge no withdrawal fees, minimal trading fees and swap commission.

Trading Platform Available

When it comes to trading platforms available, instead of the industry-standard MetaTrader4 and MeatTrader5, Hubblebit gives traders a web-based trading platform. (see the below screenshot). Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Trading

Deposit & Withdrawal

From the logos shown at the foot of the home page on Hubblebits official website, we found that this broker seems to accept deposits and withdrawals with Visa, MasterCard, SSL Secure, Skrill and American Express. However, according to the information on the Internet, we get the knowledge that the only payment method available is an online payment platform called GumballPay which is supposedly powered by Visa and MasterCard. The minimum deposit requirement is $2,500. As for the processing time of withdrawal requests, the broker states that the withdrawal will be processed within 90 business days. And if you want to withdraw funds from an account that has been leveraged, you have to execute a minimum trading volume of (Deposit +Capital Leverage) * 25.

Deposit
Customer Support

Hubblebits customer support can be reached by telephone: UK: +442039875790, Canada: +13432650449, Australia: +61261895067, Singapore: +6531052024, email: support@hubblebit.com or send messages online to get in touch. Company address: Werdmühlepl. 4, 8001 Zürich, Switzerland.

User Reviews

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Jason31554
more than one year
Despite claiming to offer 24/7 customer support, the response times to queries are often slow and unsatisfactory. Moreover, the customer support team is not very knowledgeable or helpful when it comes to resolving issues that clients may face.
2023-04-06 10:10
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0
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Jason31554
more than one year
Guys, let me tell you, I experienced frequent technical issues and slow execution times. The spreads and fees are also quite high, and their withdrawal process is slow and cumbersome. When attempting to withdraw my funds, I encountered multiple issues and delays. Customer service is another area where Hubblebit has a lot of room for improvement.
2023-04-06 10:09
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0
0
Howard Peng
more than one year
This broker is not transparent. They said they welcome any EA's and they have zero stop levels (no minimum stop loss), but the reality was totally different.
2023-03-01 10:00
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0
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