How does the Ulbitron scam work?

The Ulbitron brokerage firm intends to attract gullible newcomers. On its web portal, it describes guaranteed earnings and the best terms of cooperation. The project has been operating on global markets for a short time, but the first mentions of its fraud have already appeared online. Today we will tell you how the SCAM project deceives and why you should stay away from it.

General information about the brokerage company

The Ulbitron web portal describes the provision of quality services and safe trading conditions. A market player can buy and sell financial assets with a starting deposit of 10 US dollars. The brokerage project publishes information about its merits. It claims to have carried out 25 million trading operations and currently serves 30,000 active traders. The company allegedly has extensive experience and has been operating in global markets for over 7 years. A domain name check showed that the project is relatively young and brazenly lies about the date of its foundation.
The broker talks about regulation by several government Commissions. At the same time, he does not show potential clients licenses or certificates. It seems that statements about regulated trading activities are a common lie. This deception is designed to lure investors and persuade them to make a large replenishment.
The Ulbitron scammer’s website is available in Russian and English. The “Contacts” section talks about a London office. The office publishes an address, but it is fake. The specified premises do not house a brokerage office. You can contact the project staff by phone or via online chat. An email address is also provided, consultants work from 9 am to 9 pm. Professional account holders can count on 24/7 support.

What conditions does Ulbitron offer?

The brokerage firm allows transactions with a wide range of investment products. The client receives currency pairs, energy resources, commodities, precious metals, stocks, stock indices and digital currencies at his disposal. Ulbitron claims that a registered trader can get rich using an automatic system. The trader can easily download the terminal to a tablet, phone or computer, after which he will begin to conduct effective transactions. Detailed information about the brokerage platform is missing. The fraudster limited himself to general phrases about wide functionality, fast withdrawal of orders to global markets.
The office calls for replenishment of the initial deposit, but provides very limited information about payment systems. The intermediary talks about the possibility of using bank cards or transfers, payment systems and some cryptocurrency wallets. The company promises to credit funds within 2 business days. At the same time, no commissions or additional fees are mentioned. The company promises instant withdrawal of earnings, but there are a huge number of complaints on the network. Apparently, the project is in no hurry to return the starting capital to the client.

Overview of brokerage rates

Ulbitron offers to activate one of three accounts:

1. Newbie – you can start with a deposit of 150 US dollars. The leverage is provided in the ratio of 1:100. The market player can count on instant execution.
2. Experienced – a tariff plan with balanced conditions, additional tools. The trader has access to transactions with digital currencies and metals, deposit insurance is provided. Start from $ 1,000.
3. Professional – to work, you will need to deposit from 10 thousand dollars. This improved type of account is suitable for experienced and wealthy investors. It allows you to protect the deposit, the client receives round-the-clock support from professionals.

Considering these conditions, the trader may think about replenishing the starting capital. The company does everything to attract the investor with beautiful promises. At the same time, the trader should not make hasty decisions. The best option would be a careful review of the project, checking legal documents and current reviews. If the company was accused of fraud, it is better to refuse cooperation and choose a more reliable project.

Opinion on trading with Ulbitron

Many traders tell about extremely negative experiences of market trading. Newbies fell under the influence of a swindler and gave him their last money. They regret that they got involved with an unscrupulous broker.

The SCAM project Ulbitron calls itself the absolute leader of the world market, but in fact it offers nothing but a dubious platform. The fraudster’s terminal was copied from another pseudo-broker. It facilitates manipulation and does not bring client transactions to the international market. Trading operations are carried out on the company’s website, the swindler arranges a loss for his player and gradually drains the deposit.

The brokerage firm is a cloned scam. Ulbitron has no unique features, the project’s employees strive to rob their clients by any means necessary. The company is unable to provide basic legal information, and this completely reveals its criminal nature. The fraudster is not controlled by anyone, he was not registered in reliable jurisdictions.

Can we trust the words of the project?

The Ulbitron brokerage company is absolutely not trustworthy. This is a standard SCAM that has no special features. The fraudster invents his own merits, inviting traders from different countries to cooperate. He is completely focused on beginners who do not understand the important features of trading and do not check legal documents. The Ulbitron intermediary imposes his services, extorts the largest possible replenishment. The trader should remember that after making the initial capital, he will never see his savings. The scam helps to replenish the account, but it never withdraws the client’s profit.