Cubo Markets (cubomarkets.com) presents itself as an international broker with 18 years of experience, offering forex, commodities, stocks, cryptocurrencies, and indices trading . However, multiple regulatory authorities, security analysts, and legal experts have identified the platform as a high-risk fraudulent operation . Italy’s financial regulator CONSOB has ordered the blocking of its websites, and investigations have revealed fabricated regulatory claims, plagiarized content, and systematic withdrawal blocking .
🚩 Official Regulatory Actions & Warnings
| Regulator | Action | Date |
|---|---|---|
| CONSOB (Italy) | Ordered blocking of cubomarkets.com and portal.cubomarkets.com | August 6, 2026 |
| FCA (UK) | False regulatory claim – no authorization found | 2026 |
| WikiFX | Score 0.99/10 – “please stay away!” | 2026 |
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of Cubo Markets’ websites for unlawfully providing investment services without authorization . This brings the total number of blocked websites to 1,805 since July 2019, with 233 linked to crypto-asset activities .
CONSOB warns that fraudsters are increasingly using cloned websites, fake celebrity endorsements, and AI-generated content to deceive consumers .
🚩 Key Warning Signs & Scam Indicators
1. False FCA Regulation Claim – Exposed
Cubo Markets claims to operate “under full FCA regulation” with “18 years of experience” . However, investigators at TraderKnows have confirmed:
- No FCA company reference number is disclosed anywhere on the site
- No UK-regulated entity is named
- No matching authorization exists in the FCA official register
The 18-year history claim is also false: WHOIS data shows cubomarkets.com was registered on March 19, 2026—only months before the investigation . The Saint Lucia company number (2026-00241) also points to a recently established entity .
Security analysts at Gridinsoft note: “A very young domain (57 days) and no established public user-review history” as key risk signals .
2. Website Content Plagiarized from CPT Markets
Investigators discovered that Cubo Markets’ “Introducing Broker” page is almost identical to CPT Markets’ page, copying:
- “FCA regulation”
- “18 years experience”
- “Over 100,000 clients”
- “Execution below 100 ms”
- “Zero rejection”
- “99.9% uptime”
The order, numbers, and wording are highly consistent . A company cannot inherit another firm’s history by copying its marketing text.
Client numbers are contradictory: The homepage claims “over 1,000 active clients,” while the IB page claims “over 100,000 global clients”—a 100x difference .
3. Same Company Number as Russia-Warned Platform
Cubo Markets is registered under Saint Lucia company number 2026-00241 . The exact same number appears in the privacy policy of North Star (northstardmcc.com), using the same address .
On April 1, 2026, the Central Bank of Russia added northstardmcc.com to its warning list for “signs of illegal professional securities market participant activity” .
One company number should not identify two unrelated company names without disclosure. Cubo Markets provides no explanation of its relationship with North Star.
4. Contract Terms Allow Unrestricted Use of Client Funds
While the platform markets “secure funds” and “fast withdrawals,” the fine print tells a different story. The client agreement authorizes Cubo Markets to:
- Pledge, mortgage, lend, use, or dispose of client property as if the company were the beneficial owner
- Determine or adjust prices without guaranteeing they match external markets
These terms contradict promises of segregated, protected client funds .
5. Extremely Low Trust Scores
| Evaluator | Score | Verdict |
|---|---|---|
| Gridinsoft (Trust Model) | 33/100 | Suspicious – 2 blacklist detections |
| WikiFX | 0.99/10 | “Please stay away!” |
| ScamAdviser | Low | Potential security risks |
Gridinsoft blocks the site as “Not likely safe” with 2 blacklist detections, noting “multiple weak trust signals together” and “AI-generated text” as indicators of reduced reliability .
6. Unverifiable Analyst Identity
Blog posts are attributed to “Matt Cannon,” but his identity cannot be independently verified. One article is dated March 30, 2025—before the domain was registered in March 2026 .
7. Saint Lucia Registration ≠ Financial License
While Cubo Markets is registered in Saint Lucia under company number 2026-00241, security analysts emphasize that Pinnacle St. Lucia is only an international business company register. It does not provide authorization for financial derivative brokerage services .
8. Recent Domain & Hidden Ownership
The domain was registered through Cloudflare, Inc. with owner information redacted (DATA REDACTED) . Multiple security sources note the domain is only 3-4 months old .
💬 Victim Experiences & The Scam Cycle
Pattern of Withdrawal Problems
German legal experts at Anwalt24 report a consistent pattern :
“In connection with Cubo Markets (cubomarkets.com), investors report negative experiences, non-payment of withdrawals, and ever-new payment demands. Particularly striking is when a trading platform initially shows high profits, but later refuses payment or makes it subject to further conditions. Such processes can indicate investment fraud.”
The Classic Scam Cycle
| Phase | Description |
|---|---|
| Phase 1: The Hook | Professional-looking website, claims of FCA regulation, 18 years experience |
| Phase 2: Personal Contact | Friendly, professional “account managers” who build trust |
| Phase 3: Fake Profits | Dashboard displays impressive “gains” |
| Phase 4: Pressure to Invest | Urgency and “exclusive opportunities” used to pressure victims |
| Phase 5: Withdrawal Blocked | Documents, taxes, fees, or “release charges” demanded |
| Phase 6: Communication Blackout | After further payments, complete silence |
Psychological Manipulation Tactics
Legal experts identify the following tactics employed by Cubo Markets :
- Artificial time pressure – “You must invest immediately or miss a unique market opportunity”
- Emotional targeting – discussions about financial freedom, retirement, or wealth creation
- False exclusivity – “Only selected clients have access to this opportunity”
- Professional, friendly, and determined contacts who discourage independent verification
Withdrawal Trap
“Problems with the Cubo Markets (cubomarkets.com) payout often begin only when investors request their money back. Suddenly, additional documents, fees, or alleged security checks are required. Sometimes, those affected are asked to pay a tax or an activation fee. After payment, the next demand often follows. Additional transfers in investment fraud cases frequently do not lead to payouts but merely increase the damage.”
Warning on Cryptocurrency Payments
Legal experts note that fraudsters increasingly require victims to convert money into cryptocurrency and transfer it to a specific wallet, making transactions more difficult to trace .
📋 Quick Summary of Risks
| Risk Factor | Status |
|---|---|
| Regulatory Status | CONSOB blocked – unauthorized financial services |
| FCA Regulation Claim | False – no license found |
| Trust Score | 33/100 (Gridinsoft) – 2 blacklist detections |
| WikiFX Score | 0.99/10 – high risk |
| Domain Age | March 2026 – only months old |
| Owner Transparency | Hidden – data redacted |
| Company Number | Shared with North Star – Russia-warned platform |
| Withdrawal Processing | Systematically blocked – fees and taxes demanded |
🛡️ What to Do If You Have Lost Money
Wilcotel – Your Trusted Asset Recovery Partner
Reclaim what is rightfully yours. We provide expert fund recovery services for individuals facing account lockouts or navigating lost investments. Confidential, tailored support—when you need it most.
Connect With Us:
📧 admin@wilcotel.com
📞 +44 7441392625
I’m a married woman with 3 kids and i will tell you for a fact that online investment is taking away peoples hard earned money because the money my husband gave me for my business , i decided to double it by putting it into investment and that’s how i was scammed and that really cause some issue between me and my husband until he later forgives me