We are receiving many emails from the crypto investment and trading platform CubittTrade connected with offers to make money quickly. The website states that the crypto scheme would have several regulatory licenses that would entitle it to offer financial services. We have not been able to verify this. CubittTrade (intentionally) confuses a company’s registration with a regulatory permit. As a payment processor, we found Itez. Stay far away and protect your money and financial health!
Key Data
| Trading names | CubittTrade Cubitt Trade |
| Business activity | Crypto investment & trading |
| Domain | https://cubitttrade.com |
| Legal entities | Cubitt Trade Holdings (Europe) Ltd, Delarware Cubitt Trade LLC, Delaware Cubitt Holdings Pty. Ltd, Australia Cubitt Global LLC, Delaware Cubitt Capital Ltd, UK |
| Authorization | No |
| Payment options | crypto and credit cards |
| Payment provider | Itez |
Short Narrative
The website indicates some legal entities in Delaware, the United Kingdom, and Australia as the operators of CubittTrade. The registration number in the respective company registers is also shown as the license number for the permission to offer financial services. This is, of course, bullshit.
There is a Cubitt Trade Holdings Pty. Ltd in Australia registered with ASIC. Whether this company is actually associated with this crypto investment scheme, we do not know. Anyway, the offer is entirely dubious. However, this ASIC license does not authorize the scheme to offer its financial services in North America, Europe, and other regulatory regimes. Moreover, no KYC/AML check or other regulatory procedure is implemented.
CubittTrade offers several products such as Yield Farming, Liquidity Mining, Saving, and Trading that smell very much like scam and fraud. Stay far away and protect your money.
