UBFX - Forex TradingApp Store
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
Update 2021-10-26: This app is no more.
(Analysis from Android review)
Update 2022-04-09: This app is not available anymore.
From Google Play:
UBFX is a foreign exchange trading platform designed for starter investors and professional traders.
Also in the description, it mentions the use of CFDs.
Cryptocurrency CFDs are provided - BTCUSD, BCHUSD, LTCUSD, ETHUSD and RPLUSD.
We tried the app and could find no wallet or option for the user to manage bitcoins. As this platform utilizes CFD trading, users do not actually own the assets.
You cannot send or receive bitcoins on this app.
Tests performed by Daniel Andrei R. Garcia
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.