There is also a glossary of trading-related terms and an economic calendar detailing upcoming news events and showing which markets the news may affect. Lack of the live chat is a huge downside as it is the most effective and comfortable way to connect with the broker. Other than that other forms seem fine and the broker offers plenty of phone numbers and online forms. UMarkets provides access to FX pairs, indices, commodities, cryptos, and share CFDs. Well, all their instruments are CFDs as with many other brokers. 67 currency pairs are provided for trading which is a decent number.

Company activitySee all

Umarkets features four bonuses and promotions to entice traders to make more deposits or promote the brokerage. Refer-a-friend is a primary affiliate offer, compensating traders with 15% of the referred deposit. It is one of the most expansive promotions across the brokerage industry. The broker provides up-to-date and useful trading information as well as advanced and convenient financial market services for various types of investors. The company offers numerous products from CFDs, Commodities and Forex.

1. After my broker disappeared, I tried to contact the company many times to tears.
2. On the positive side is the availability of the XCritical trading platform, a genuine competitor to MT4, which is provided only as the sub-standard basic version.
3. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts.
4. Umarkets is a European broker that is known and popular in different countries of the world.
5. New traders have access to a range of well-presented written content and video tutorials.
6. The same situation applies to the potential UMarkets scam, and some background check is necessary when planning to invest your hard-earned money.

UMarkets Fees and Spreads

With the help of this glossary, clients may comprehensively understand terms they are unfamiliar with. Multiple times blacklisted and having regulatory bodies breathing down their neck, this foul brokerage deal can only expect to be shut down and brought to justice for their crimes. If you need help recovering money from these con artists, contact our legal team via the live chat. The trading instruments selection is pretty much what you’d expect from a brokerage. If you choose to burn cash fruitlessly, you can seemingly unlock lower spreads of 1 pips for the most expensive package. The homepage states different values and starting spreads of 1.6 pips are advertised.

1. Platforms are user-friendly, MT4 is still a good choice among the majority of traders worldwide with good market analysis.
2. They try to pull you in and press you to give your personal data and top up your account over the phone.They do not take “no” for an answer.
3. Market Solutions LTD is registered as an International Business Company in Saint Vincent and the Grenadines, under company number IBC 2017.
4. Per its own account, it serves over 1,200,000 traders from 87 countries and maintains a strong relationship with HSBC, Europe’s largest bank.
5. Umarket’s demo account is a very handy tool for trading without risk.

This broker also hosts webinars, which include live market trading. A comprehensive glossary rounds up the excellent educational sector. The Fibonacci Calculator for Forex, the Margin Calculator, the Pivot Point Calculator, and the Position Sizing and Risk Management explanation add profound educational value. They will assist new traders in building their strategy and implementing proper risk management protocols.

Trading Platforms

TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it. Get FNG’s daily email newsletter to get notice of all articles like this one, in a concise daily email. With FNG’s Newsletter you’ll get all the latest breaking FX Industry news stories – in a concise daily email, directly to your Inbox. “The broker has a license from the regulator, which controls the activity and is able to resolve potential disputes.

They said they would compensate in the beginning of deposit but after they robbed me they did not even care if I was their customer. Can anyone help me proper legal way to sue them and bring this scammers down? St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Millennium FX, Brokerz and more.

Detailed information on the individual topics can be found on the website. This Umarkets Broker review is considered a brief overview. Support is available 24/5, and traders may either call directly, send an e-mail, or use the webform. The live chat feature is undoubtedly the most efficient form of communication. Umarkets maintains a dedicated e-mail address for complaints. Usually, customer support is the least utilized service of any brokerage, and most traders never require it.

10 yrs ago i still get calls offering to get my scammed money back for additional fees. And they telling other scammer about me and my phone number. Umarkets is a European broker that is known and popular in different countries of the world. We were the first to create a demo account with real income and the first to offer traders a welcome deposit bonus and 100% profit insurance. Today we are proud of your success in Forex and are striving to become even better for everyone who has found their source of income on the exchange. UMarkets are keeping themselves pretty private, they don’t have an about us page so it is difficult to find out much about them.

After my broker disappeared, I tried to contact the company many times to tears. Though called by the retention guy and asked to continue to trade I maintained on my right to get my funds back, but many months it id still delayed. I applied for the withdrawal so many times, but it is not yet done, my money did not arrive back on my bank account yet – exhausting, painful experience. I expect the company to apologize and to correct the situation right away.

While Autochartist is a valuable tool, traders can achieve a similar or superior service with MT4 and appropriate third-party add-ons. The Mini account does not grant traders access to all account features. Traders need to deposit $5,000 to gain access to the Standard account, where all features are available. The Gold and Platinum accounts require deposits of $10,000 and $35,000, respectively, without contributing any significant advantages. One day when i logged in the trading program was all in russian.

According to our research, Umarkets is not a secure broker. Umarkets is owned by Market Solutions Ltd. which is an offshore company registered in St. Vincent and the Grenadines, also has https://traderoom.info/why-users-choose-umarkets-forex-broker/ moved to Marshall Islands since 2022. The trade sizes available to you depend on the account you are using, the different accounts have different minimum trading sizes, they are listed below.

CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity. Cryptocurrencies and options exhibit extreme volatility, while futures can also lead to significant losses. Even stocks and bonds can depreciate quickly during market downturns, and total loss can ensure if the issuing company fails.

But, we do not encourage you to invest in an unreliable off-shore broker since this can be a very dangerous endeavor for your overall financial situation. However, it seems that their teams can be reached 24/7, and they are accessible via phone, Skype, e-mail, or live chat. The XCritical Online Platform was advertised as a revolutionary technological solution for retail traders to succeed in a variety of online markets. In this Umarkets review, we strip away the layers of false prestige surrounding a broker that shamelessly touts itself as an industry pioneer. Behind the veil of grandeur lies a web of deceit that is nothing but a smoke and mirrors act. The MT4 trading platform is available as a basic version only, without necessary upgrades.