HubbleBIT Review – How Hubblebit.com Defrauded Its Victims
HubbleBIT broker already shut down their first domain and reappeared as hubblebit.vip. This review can help those looking for information about the scammer. Also, it can help every other customer see what a financial scam looks like, to recognize and avoid it. Note that many schemes return under the new domain but same fraudulent methods. Thus, study this review well and learn what you shouldn’t fall for.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||FINMA|
|Headquarters Country:||Switzerland (allegedly)|
|Types of Assets:||Forex, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Is HubbleBIT a Broker With a Good Reputation?
HubbleBIT is an anonymous website allegedly operated from Switzerland. Clients were promised next-generation banking, decentralized finance, and competitive spreads. Instead, they got to deal with a scammer and beg for their funds back. After the domain was off, numerous people could not access their trading accounts and money. There’s a big if for these people – if they will ever see a penny back.
The scam continued under the new domain after the Swiss FINMA blacklisted the first one.
How Unsafe Is An Unlicensed Broker?
Unlicensed brokers are not safe. Simply speaking, these websites can quickly disappear, as’s the case with HubbleBIT and leave clients with no money. Since the firm was never licensed, there’s no compensation fund, and there’s nobody who would take responsibility and reimburse victims.
How Reliable Is HubbleBIT Broker?
HubbleBIT is not a legitimate online Forex and CFD trading provider. The company shut down the domain after defrauding numerous customers. The brokerage is banned in Switzerland.
HubbleBIT Warnings From Financial Regulators
The broker claims to be Swiss-based, so the regulator of this country issued an official warning. According to FINMA, HubbleBIT has never entered a commercial register. It means that the company owner is not a registered business, and the broker itself is not regulated. And that’s why stealing funds was so easy.
Traders’ Experience With HubbleBIT
HubbleBIT reviews were tremendous until Trustpilot did a check. Then, we were informed about the misuse of the page and removing fake reviews. Currently, the broker scored 2.8 stars and is rated poor.
Here’s an example of traders’ experience:
“DO NOT GO ANYWHERE NEAR HUBBLEBIT – total scam!
Contact numbers do not connect anymore. Communication from Mia or this idiot Jordan Miller regarding getting monies back.”– Trustpilot Customer
What Platforms Does HubbleBIT Offer? – Available Trade Software
There’s not a single mention of the HubbleBIT trading platform. The broker didn’t provide links to download any apps or to use a web-based server. We’re unsure if this fraudulent online trading firm even has trading software or if the main idea is extorting money and vanishing. Since the brand was already blacklisted and changed its domain, it’s not safe to trade with.
Avoid HubbleBIT and similar bogus firms and find a legitimate trading provider with reputable software such as MT4 or MT5.
HubbleBIT Options for Wealth Management
The firm advertises its account types as a form of wealth management. They’ll allegedly help you analyze your financial situation and the market and manage your funds in the best way possible.
All About HubbleBIT Accounts
There are five account types with different perks.
- Trial – $2,500
- Silver – $10,000
- Gold – $25,000
- Platinum – $100,000
- Signature – $250,000
Each account brings 24/5 customer support, 1-on-1 training, and an unlimited trading dashboard. With the upgrade, you can access the education center, trading signals, higher leverage, unlimited lot trading size, and personal analyst.
HubbleBIT Broker – Countries Of Service
HubbleBIT mainly operates in:
The firm is unlicensed and operates without valid approval. Despite this, it says you can purchase BTC from the UK directly through their website. Another significant red flag. The broker is not a legitimate broker or a legitimate crypto exchange.
HubbleBIT Range of Trading Instruments & Markets
The firm vaguely suggests that customers can trade on Forex and CFDs, including:
- Shares – Amazon, Apple, Google
- Indices – NASDAQ, FTSE100, Dow Jones
- Cryptocurrencies – DASH, ETH, BTC
- Commodities – gold, oil, silver
We cannot confirm or deny this information without actual access to the trading platform.
HubbleBIT Trading Conditions
Since unregulated, HubbleBIT decides on its own trading conditions. That’s why we know nothing about spreads and have unregulated leverage.
About HubbleBIT Leverage And Spreads
The spread is not mentioned, so we’re unsure of your trading costs. The leverage goes up to 1:300 against regulatory requirements. In the UK and EU, the limit for Forex leverage is 1:30, while the limit on crypto is 1:2. In the US and Australia, this limit is a bit higher and goes up to 1:50 for the Forex market. At least, HubbleBIT broker provides 6 times above the limit.
HubbleBIT Deposit, Withdrawal Methods, And Fees
The company listed certain payment methods, but there’s nothing about fees or withdrawal processing time.
What Payment Methods Does The Broker Accept?
HubbleBIT listed the following payment methods:
- Debit/credit cards
However, since the list contains indices such as Dow Jones and NASDAQ, we firmly believe that the broker listed anything they found.
All the transactions are processed through a third-party payment provider – Gumballpay. Since we’ve never heard of it, we advise you to stay away.
Minimum Investment Amount
This brokerage requires an incredibly high initial deposit of $2,500. While the industry average is $250, you have legitimate companies with Micro accounts, starting with as low as $10. Thus, there’s no reason to invest so much with a fraudulent trading firm. FINMA warning just proves that the broker is not worth your time or money.
Customer Support – Communication Channels
Customer support uses various communication tools, including:
- Phone calls
- WhatsApp and Telegram messages
- Social media
They will try their best to get ahold of you, persuade you to invest, and then upgrade your account constantly.
Scammed by HubbleBIT Broker? – Let Us Hear Your Story
If you were scammed by a HubbleBIT broker, let us know. Our chargeback specialists may be able to help you with a refund.
But What Is A Chargeback?
A chargeback is a way for your bank to reverse the fraudulent transaction and recover stolen funds. Contact us via online chat to let us know what happened, and we will evaluate your case during a free consultation.
What Is HubbleBIT?
HubbleBIT is an online Forex and Crypto trading company without a license.
Is HubbleBIT a Scam Broker?
HubbleBIT is a scam online trading brokerage blacklisted by the Swiss FINMA.
Is HubbleBIT Available in the United States or the UK?
The company is available in the UK but not in the US.
Does HubbleBIT Offer a Demo Account?
HubbleBIT doesn’t offer a Demo account or any information about the platform.