Jubix Review – What Facts Have Exposed This Fake Exchange?
Even though it was hard to find the legal name of this firm, we managed it. It comes out it was almost hidden for a reason. The company’s ownership belongs to CRYPTO ARBY TRADE LIMITED, a former UK-based company.
This company was dissolved in December 2022. Therefore, we are wondering how they still operate. All this and many more discrepancies about this firm can be found in this detailed Jubix review.
|Is This Company Safe?
|Have Warnings From:
|Free Demo Account:
|How To Withdraw From This Company?
|The company’s ownership has been on a warning list for a long time and traders can’t expect smooth withdrawals with this exchange. If any issue occurs, don’t hesitate and book a free first consultation with our refund team.
Legal Info: Is Jubix Legit Or A Scam?
As can be seen, the company was presenting itself as a UK-based one. Quite a statement, knowing that the UK has one of the most rigorous regulators – FCA. In any case, to trade cryptos, a company should obtain a license first. Unfortunately, Jubix scam company doesn’t have it issued by any authority, especially not the FCA.
On top of that, it appears this firm is just another rebranded version of an old scam. Luckily, a warning from the Russian Central Bank (CBR) reveals the bitter truth.
Who Are Jubix’s Victims?
It’s quite obvious that the Jubix exchange doesn’t have any limitations. Even though the company was officially registered in 2021, this brand was released in August 2023. For this time, they were mainly targeting traders from:
- United States
If your country is not on the list, feel free to share your experience and country in the comments below. After all, we encourage you to contact our refund team for a free first consultation if you have withdrawal problems with this company.
Another key fact is that almost 20% of the company’s reviews on Trustpilot are negative. Mostly, traders are reporting withdrawal problems. Whether because of delays or support availability.
All in all, not a single reason to trust this company with your money. In the end, to learn how to recognize these signs from a mile away, check our Crypto Revolt review. For more details, you can contact our refund team as well.
Investment Costs With Jubix
This company only discloses maker and taker fees of 0.2%. Unfortunately, that’s a fixed rate regardless of your trading volume. Compared to some tier-1 licensed exchanges, these are not acceptable. Neither are Premium fees of 0.14%.
Bonus policies are one easy way to prevent traders from withdrawing funds. These often contain malicious clauses where traders have to meet some requirements before withdrawing the money. Mostly unreasonable ones. For now, registering for a Jubix wallet won’t bring you any.
Jubix Trading Features
Apparently, this company has a 24-hour trading volume of 69 million USDT. However, once you see their platform features, you quickly realize that’s most likely a lie. In any case, the company offers spot trading services, exchange, and institutional investment options.
Trading Platforms Available
On the company’s website, we can only note the Windows wallet application. Unfortunately, it’s not listed in the official Microsoft Store. In any case, it’s more convenient than web-based ones.
When it comes to spot trading, things are getting worse with their web trader. In fact, zero analytical and customization options are available.
Available Trading Assets
Overall, the offer looks quite decent. Mainly, the most popular cryptocurrencies are offered. But once you check Jubix reviews, you will know why you should not trust those. Anyway, some of the options are:
- FIL/USDT and many more
As mentioned earlier, the company has Premium and Regular accounts available. Thus, minimum deposit requirements for any of these are not revealed.
But, of course, there’s a catch. Any user with more than $500 on their account must activate Premium. That’s exactly how they extort more money from customers. The fee amount is not disclosed, and they can slap any number they want.
Mobile Trading App
If you are looking for more disadvantages, you will find them easily. One of them is missing dedicated iOS and Android apps. But also Jubix crypto mining options. Also, to see what you are missing with this company, check our Metaverse Profit review as well.
Demo accounts are generally offered by brokers. Especially regulated ones. This way, traders can explore all the features, costs, instruments, and much more. This would also be great for exchanges. Still, such options are not available with Jubix company.
In general, this company doesn’t have any educational programs. Instead, they have a help center with general information about security, accounts, support, and more. After all, it’s their goal to keep you uneducated about crypto to get more out of you.
Important to realize is that the company doesn’t have a transparent withdrawal policy. Processing time, fees, and methods remain unknown.
Yet, they clearly state they have the right to freeze customers’ funds in case of illegal activity. But if you think about it, who decides that, you will realize what’s happening next.
Another key issue with this firm is a lack of transparent contact options. Only a few e-mail addresses are available. However, we all know it may take forever for someone to respond.
Instead, a live chat feature would be a much more comfortable option. Not to mention a phone line.
Key Information To Consider About Jubix
Firstly, this scam exchange is operating under different trading names. Secondly, a warning was issued against the owners of this firm. Lastly, but most importantly, the company has zero reputation.
In case you have deposited any money with them, contact our refund team immediately for advice. We truly believe you don’t want to throw all your savings into a shady company. On the positive side, the first meeting with our team is free of charge. There’s nothing to lose.
What is Jubix?
Jubix is a trading name of an investment firm with dissolved registration in the United Kingdom that has been active since 2021.
Is Jubix a Legit Crypto Exchange?
No. This exchange is not authorized by any institution to provide digital asset provider services.
What is CipherTrace?
CipherTrace is a tool that helps institutions to track crypto transfers and prevent money laundering. It also helps in crypto recovery. For more details contact us.