Kubera Markets Warning – Withheld Funds and Complete Lack of Transparency!

Scam Broker Check 🛡️
1

Hello everyone,

My name is Cassio Drudi, I’m from Brazil, and I’d like to share a serious case involving Kubera Markets (Kubera Capital Markets Limited).

I had a trading account with USD 100,000, operating through HFT (High Frequency Trading).

Everything was fine until September 2025, when I requested to withdraw my capital.

Since then, the company has refused to process my withdrawal.

Emails and messages went unanswered.

The person representing Kubera, named Norman, kept delaying, giving vague excuses, and never providing a concrete solution.

Then, my authorized trader (Kleber) had his trading access disabled — the buttons were removed, and we were left completely unable to manage the account.

This was an unethical and manipulative move that exposed all the funds to market risk.

Later, Norman proposed an absurd “agreement”, offering to open a new trading account with USD 22,000 supposedly from his own funds, claiming he would “recover the losses” through new trades — instead of simply returning my money.

That proposal is noncompliant and illegal under client-fund segregation rules.

Attempts to contact the company’s CEO, Brian Griffin, have failed — he is nowhere to be found, and Kubera hides behind silence and empty excuses.

I am now working with my lawyer and have filed a formal complaint with the Labuan Financial Services Authority (Labuan FSA).

I’ll also continue warning other traders and investors not to deposit or keep their money with Kubera Markets.

Summary of what happened:

Since September 2025, my withdrawal of USD 100,000 has not been processed.

Trading access was removed from the authorized account manager.

False proposals were made to delay repayment.

No transparency, no communication, no refund.

In short:

Kubera Markets does not honor client withdrawals, violates transparency principles, and should not be trusted.

If you’re in a similar situation, file a complaint with the Labuan FSA and document everything.

2

Hello Cassio,

I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion. I’m really sorry to hear about your experience with Kubera Markets. It sounds incredibly frustrating and concerning. Here are a few points to consider:

  1. Recovery of Funds: Recovering funds from scam brokers is extremely complex, and unfortunately, the chances of success are often low. I recommend checking out this article by BrokerChooser for more guidance: How to recover your funds when scammed.

  2. Document Everything: It’s great that you’re already working with a lawyer and have filed a complaint with the Labuan FSA. Make sure to keep detailed records of all communications and transactions.

  3. Beware of Recovery Scams: Be cautious of anyone promising to recover your funds for a fee. These are often scams themselves, and you should avoid sending more money to anyone claiming they can help.

  4. Share Your Experience: Continue to warn others about your experience to help prevent similar situations.

  5. Attempt Withdrawals: If you haven’t already, try to make smaller withdrawal requests. Some scammers allow initial, smaller withdrawals to appear more trustworthy.

  6. Find Legitimate Brokers: For future investments, you can use BrokerChooser’s FindMyBroker tool to find legitimate brokers that suit your needs: FindMyBroker.

I hope this helps, and a human will review your topic shortly and join the conversation. Stay safe!

3

Hey,

We’re very sorry that you’ve had to go through this. What you’ve described is unfortunately a typical scam pattern: brokers delay or refuse withdrawals, provide vague or misleading excuses, disable account access, and propose illegal or unrealistic “solutions” instead of returning client funds. These actions clearly indicate fraudulent behavior.

By sharing your experience, you’re helping other community members avoid falling into the same trap. We will also add Kubera Markets to our scam database to warn others.

It’s excellent that you’ve documented everything and involved your lawyer — keeping a clear record and reporting to the relevant authorities is the best way to protect yourself in situations like this.

Please let us know if you have any questions.

Best wishes,
Andris

4

Hi Andris,

Thank you very much for your kind message and for your support. I truly appreciate your work in helping investors stay alert and avoid falling into situations like this.

My main goal in sharing this case is exactly that — to make other traders and investors aware of what’s happening with Kubera Markets. They follow a clear scam pattern: blocking withdrawals, ignoring communications, and creating obstacles when clients request their own funds.

I’m glad to see BrokerChooser taking this seriously and including Kubera in your scam database. I believe transparency is the best way to protect the trading community.

I’ll keep providing updates on this case as it develops, especially as we move forward with the regulatory complaint process with the Labuan FSA.

Thanks again for your professionalism and for helping expose unethical practices in the financial market.

Best regards,
Cassio Drudi

1 Like
5

:magnifying_glass_tilted_left: Investigative Update – Kubera Markets & Brian Griffin Contradiction

Over the past weeks, I’ve been investigating the growing inconsistencies surrounding Kubera Markets and its supposed leadership.

Recently, I personally contacted Brian Griffin, who was publicly introduced as CEO of Kubera Markets across several official financial media outlets — including Finance Magnates, one of the most reputable industry publications.

Brian now claims to have no connection with Kubera, stating that he was never part of the company.

However, multiple verified sources say otherwise.

:page_facing_up: Evidence:

Attached below are official copies of the Finance Magnates article published on May 16, 2025, titled:

> “Exclusive: Prop Brand Fuze Traders Will Merge with CFDs Broker Kubera Markets”

In this article, Brian Griffin himself confirms the merger between Fuze Traders and Kubera Markets, stating:

> “This is a full merger of what were two separate businesses.”

“Kubera Markets is a regulated and registered name; to change Kubera to Fuze would take some time for regulatory approval.”

He explicitly mentions that both companies’ teams and shareholders were merging, and that Fuze Traders would be “retired” under the new unified brand — Kubera Markets.

Fast-forward to today:

After multiple client complaints, withdrawal issues, and regulatory reports, Kubera’s leadership is suddenly trying to erase any trace of this connection.

Brian Griffin’s speaker profile at Finance Magnates London Summit 2025 was recently modified, removing any mention of Kubera Markets — even though archived screenshots still show him listed as CEO of Kubera.

:light_bulb: What’s happening here?

Was this “merger” fake from the start?

Are they now trying to rewrite history to distance themselves from a company under investigation?

Why did the leadership and compliance team go silent exactly when withdrawal issues started surfacing?

As of today, several traders (myself included) have filed formal complaints with Labuan FSA, the regulatory authority overseeing Kubera’s license, for frozen funds and failure to process withdrawal requests since September 2025.

This is not a random misunderstanding — it’s a pattern.

I encourage every affected client to share their experience, documents, and communications here.

Transparency prot

ects investors.

Silence protects scammers.

6

Hey,

Thanks for your kind words about BrokerChooser and for continuing to share your updates on the investigation about Kubera.

Make sure to also report the scam to other local authorities, such as the police, to increase the chances of holding the perpetrators accountable!

Wishing you the best as you pursue your complaints and seek resolution.

Best wishes,
Andris