Is Umarkets A Scam?

In the face of all this area of possibilities, it is to highlight the support and service of customer service. And also, the reliability of a currency exchanger that has been operating with more than 1,200,000 customers in 87 countries around the world for 10 years. Apart from the web and desktop platforms, Umarkets has also made the MT4 platform available as a mobile trading app which smartphones users can download onto their phones or mobile devices. The app when installed will allow Umarkets’ clients to manage their trading accounts as well as trade the markets directly from the palm of their hand. As its name implies, the WebTrader is a web based trading platform that requires no software download or installation. Overall, the web platform is user friendly and fast. Trades are executed in milliseconds you have access to a wide range of trading tools.

Umarkets Forex Broker Review

I was then nervous and said to myself I was scam by UMARKETS. I searched on the web about UMARKETS and then I found out a lot of negative reviews about this broker and only a few positive comments which I whom I can linger on my fingers. I made my first withdrawal for a try of 3,000 USD since its already earning but when I process it on their platform it will say I need to contact my expert regarding this matter.

It should never be presumed that any investment products, techniques, indicators or any other presented eur resources will result in profits. You should be aware that investing may result in financial loss.


I wanted to download a book which they were advertising – cheap marketing trick, and the book turned out to be a superficial garbage. For that they demand you to enter your name, email and phone number which leads to automatic registering on their website, and there is no way to deactivate your account. eur I click “Submit” in my user area, a confirmation appears but I don’t see it in my pending withdrawals, no email confirmation etc. They have a rule that first you account manager must call you to confirm the withdrawal . Let other traders know if this service is worth checking or should be avoided.

It’s a pity that Umarkets doesn’t have an affiliate program. For some reason I thought that there is and I can earn not only by investing, but also by inviting new people here. On the other hand the commission for opening an order is lower here than that of any broker. Umarkets is suitable for me because I don’t expect any surprises from this broker.

The asset selection is adequate for most traders, but the pricing environment remains excessive. Traders are also faced with above-average deposit requirements which, given the aforementioned expansion plans, appear out of reach for the target markets.

That is why we perform extensive research when we are presenting individual trading providers, and our UMarkets review follows those guidelines as well. Fees are high when considering the minimum deposits and spreads, despite offering commission-free trading and not requiring deposit and withdrawal fees. Umarkets is not a regulated broker and there are risks involved pertaining to client fund security, amidst others, when using unregulated brokers to facilitate trading. The broker is equipped with a team of market experts to provide traders with analytics, market forecasts, and numerous trading strategies. One useful feature is the Expert Advisors tools which gives traders the option of automating their trading. The platform also includes detailed charts and several technical indicators. You should be aware that there are hundreds of comments and opinions on the internet, just as there are an immense number of traders.

History And Headquarters Of Umarkets

The company behind the Umarkets brand name is Maxi Services Belize Ltd. Founded in 2008, Maxi Services is authorized to peddle financial services, by the Belize International Financial Services Commission .

Umarkets Forex Broker Review

Hi sledge00, thank you for letting us know about your experience with us. We always strive to ensure our customers have the best possible experience and so we’re sorry to hear of your frustration. I would personally avoid this company if I have the choice, there are so many brokers out there. forex Axitrader to me is a wonderful Broker I have been working with them over 5 years both in demo and live accounts. I have also withdraw from them my withdrawal takes 2-3 working days. I always go live chat with them if want umarkets courses scam to ask something always get help immediately.

Through the Demo-Real offer, new traders will earn bonuses for their live trading account. Support is available 24/5, and traders may either call directly, send an e-mail, or use the webform.

Umarkets Minimum Deposit

In general, brokers of this level usually impose an additional fee besides the usual spread for getting access to such a wide range of assets. There are no additional fees, except for the fact you need to trade without a break. There must be at least one transaction within three months. ✅ Regulated – IFSC ✅ Company – Maxi Services Ltd ✔ To find the more best forex brokers reviews Listed. For that, they need to open a Standard Account, which ups the stakes significantly in regard to the minimum deposit. In addition to gaining access to all platform features, those using this account also get more information on Autochartist. UMarkets is an online trading platform owned by an offshore company and not regulated.

Trading with stocks, commodities, and indices can be a lot of fun, but this enjoyable activity can quickly turn sour if you are dealing with an unreliable broker. To be more precise, UMarkets uses two software solutions, and one of them is well-known in the trading circles. In fact, MetaTrader4 is a platform used by a lot of other brokers, but we are not sure why UMarkets is offering their proprietary WebTrader software in addition to the MT4. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Before starting to trade, potential Umarkets clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If Umarkets’ website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge.

  • One is the real account, with your real money and the other is your demo account.
  • It turned out that most of the evidence presented were not relevant to trading on Forex Umarkets.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • FP Markets provides its traders MetaTrader 4 and MetaTrader 5 , as well as the Iress platform, a comprehensive active trader platform.
  • With 70 currency pairs provided, pure Forex traders have an excellent selection.
  • For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period.

They utilize most recent and cutting edge secure systems plus SSL encryption protocols to guarantee safety and privacy of their clients’ funds and information. Umarkets Forex Broker Review Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account.

Write A Review About Your Broker Umarkets

In addition, the registered beginners may take advantage of a huge library full of e-books related to trading on the foreign exchange market. Forex brokers come in all shapes and sizes, and not all of them will provide you with the same quality of services or the same products.

Umarkets Forex Broker Review

There are good trading conditions, many assets and different cryptocurrencies. It’d be even better if the spreads were a bit lower though. But it’s what every trade always wants, whatever the level of the spreads is. However, it seems that their teams can be reached 24/7, and they are accessible via phone, Skype, e-mail or live chat.

What Is Umarkets Headquarters Country?

In addition to that, they also scammed 2 of my colleagues. UMARKETS 100% ARE SCAMMERS AND ARE THIEVES. Please stay away from them. When I was new to trading, they call me everyday to open an account with Umarket. Dixit shah bloody man by hook or crook convince me and open my account in Umarket in my name. They do not disclose their terms and conditions to me at first sight.

Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like Umarkets is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade.

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