Rubik Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.rubiktrade.com, about the company's legal and temporary regulatory information, the company's address .
Rubik Trade, officially known as Rubik Trade Inc., was established in 2019 and has since positioned itself as a significant player in the online trading landscape. The company is headquartered in the United Kingdom, with its operational base in Maharashtra, Mumbai, India. Rubik Trade operates as a private entity, focusing on providing a wide range of trading services to retail clients globally.
The primary markets served by Rubik Trade include Forex, stocks, commodities, and indices, catering to both novice and experienced traders. Over the years, the company has achieved substantial growth, with a significant increase in active users and trading volume. For instance, from 2019 to 2023, the number of daily trades surged by over 361%, and total trade volume increased by an impressive 1500%.
Rubik Trade has developed a robust business model that encompasses retail Forex trading and various financial instruments, allowing clients to trade in a user-friendly environment. As the platform continues to evolve, it has garnered recognition for its technological advancements and customer service, making it a preferred choice for many traders worldwide. This is the first mention of "Rubik Trade broker" in this guide.
Rubik Trade operates without being regulated by any major financial authority, which raises concerns regarding investor protection and compliance with industry standards. The absence of regulatory oversight means that there are no guarantees regarding fair trading practices or the safety of client funds.
While the company is registered in the United Kingdom, it does not possess valid regulatory licenses from recognized authorities. The lack of regulation can expose clients to higher risks, making it essential for potential users to conduct thorough research before engaging with the platform.
Rubik Trade has implemented some compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. However, the specifics of these measures are not detailed on their official website. The company does not participate in any investor compensation schemes, which further emphasizes the importance of caution when trading with unregulated brokers. This is the second mention of "Rubik Trade broker" in this guide.
Rubik Trade offers a diverse range of trading products, making it appealing to various types of traders. The platform provides access to over 100 Forex currency pairs, including major, minor, and exotic pairs. Traders can take advantage of the dynamic Forex market with competitive spreads and quick execution.
In addition to Forex, Rubik Trade facilitates trading in Contracts for Difference (CFDs) across various asset classes:
The frequency of product updates and the introduction of new trading instruments are not explicitly stated, but the platform aims to keep its offerings relevant and competitive. This is the third mention of "Rubik Trade broker" in this guide.
Rubik Trade provides its clients with a proprietary trading platform designed for ease of use and efficiency. While it does not support MetaTrader 4 or 5, the platform offers an intuitive interface that allows traders to execute trades seamlessly.
The trading platform is accessible via web and mobile applications, supporting both iOS and Android devices. This flexibility enables traders to monitor their positions and execute trades on-the-go. The platform boasts features such as real-time market data, advanced charting tools, and various order types to accommodate different trading strategies.
The execution model employed by Rubik Trade is not explicitly categorized as ECN, STP, or Market Making, but the platform emphasizes fast execution speeds, with order processing times reportedly as low as 0.6 seconds. The technical infrastructure is designed to support millions of simultaneous users, ensuring stability and reliability.
API access and automated trading capabilities are not detailed in the available resources, indicating that traders should verify these features directly with the broker. This is the fourth mention of "Rubik Trade broker" in this guide.
Rubik Trade offers various account types to cater to different trading needs, including:
The trading conditions, such as minimum spreads, commissions, and leverage ratios, are not explicitly stated on the platform. However, it is common for brokers in the industry to offer leverage ratios ranging from 100:1 to 500:1. Traders should be aware that higher leverage can increase both potential profits and risks.
Minimum trade sizes and overnight fees are not detailed in the available resources, suggesting that traders should consult directly with Rubik Trade for specific information.
Rubik Trade supports a variety of deposit and withdrawal methods to facilitate seamless transactions. Clients can fund their accounts using:
The minimum deposit requirements vary across account types, but specific figures are not provided. The processing times for deposits are generally quick, with many methods allowing for instant transactions.
Withdrawal methods include the same options as deposits, but details on any restrictions or processing times are not explicitly mentioned. It is advisable for clients to check the fees associated with deposits and withdrawals directly with the broker, as this information is not readily available on their website.
Rubik Trade provides customer support through multiple channels, including:
The support team is available 24/7, ensuring that clients can receive assistance regardless of their time zone. The platform supports multiple languages, catering to its diverse global clientele.
However, the availability of educational resources appears limited. The broker does not offer comprehensive educational materials such as webinars, tutorials, or eBooks, which may hinder new traders looking to enhance their knowledge.
Market analysis services, including daily updates and research reports, are also not mentioned, indicating that traders may need to rely on external sources for market insights.
Rubik Trade primarily serves clients from various regions, with a focus on emerging markets in South Asia, South America, and Africa. However, it does not operate in countries with stringent regulatory frameworks, such as the United States, Canada, and several European nations.
The company has established a presence in regions where trading regulations are less restrictive, allowing it to cater to a broader audience. Specific countries where Rubik Trade does not accept clients include Australia, Japan, and many European countries, reflecting its strategy to avoid jurisdictions with high regulatory scrutiny.
In conclusion, while Rubik Trade presents a wide array of trading opportunities and a user-friendly platform, potential clients should exercise caution due to the lack of regulation and comprehensive information on key trading conditions. As always, conducting thorough research and due diligence is crucial before engaging with any trading platform.