The main character of our new review was UMARKETS, which calls itself a ten-year-old broker company. High technology, effective trading, experience and speed – we will consider all these promises in detail in this article. Is it possible to trust umarkets, or is scam its middle name? Read to the end to find out.
Trading on uMarkets.net
The UMarkets broker offers its customers several types of trading accounts. You can read the short conditions of each of them using the table below:
| Minimum deposit | Minimum deal size | Spreads | |
| MINI | 500 dollars | 0.1 | Variables – 2 pips, fixed – 2.5 points |
| Standart | $5,000 | 0.1 | Variables – 1.7 pips, fixed – 2 points |
| Gold | $10,000 | 0.5 | Variables – 1.4 pips, fixed – 1.7 points |
| Platinum | $150,000 | 1.5 | Variables – 1.0 pips, fixed – 1.3 points |
| ECN | It’s on the knees of the gods | It’s on the knees of the gods | 0.5 points + fees |
The minimum initial deposit required to open an account from the UMarkets.net broker is $500, which is too expensive. The company did not provide micro accounts. Spreads, in some cases starting from 2-2.5 points, are also a devastating condition for traders.
According to the financial assistant, all these tariff plans, with the exception of ECN, offer no commission trading, as well as spreads depending on the trading platform: the browser version of MT4 provides fixed spreads, and the desktop version variables.
What is interesting is that when you try to download the trading company, you will be redirected to a third-party site that is no longer functioning. Simply put, it is impossible to download the terminal, and therefore it is also impossible to assert that it is as good as it is described.
Tools
The assets available for working with UMarkets are as follows:
- securities;
- indices;
- raw materials;
- currencies;
- cryptocurrency;
- ETF funds.
At the same time, what specific positions are meant is not voiced.
Official documentation
The footer of the UMarkets.net site indicates that the company’s activities comply with the IFMRRC rules, a famous offshore scam-regulator, which has zero confidence in the market. On the website of this organization there is indeed a document belonging to our main character:
You can immediately note the quality of the design: the official paper lacks the signature of the CEO UMARKETS and the print of the regulator. In addition, the document expired last month. In fact, the broker does not currently have a license.
In other regulatory documents of the company there is a whole point with information about the bonus policy. According to her, when registering an account, each UMarkets.net client receives a 30% bonus. It immediately blocks the possibility of withdrawing funds for investors until it reaches 10,000 times the trading turnover from the amount with the deposit. Simply put, with an initial $500 investment, you will have to trade $6.5 million! Is it real? very doubtful!
Broker support
UMARKETS promises to answer all questions of investors thanks to such communication channels:
- Email addresses: support-ru@umarkets.net, customers-ru@umarkets.net;
- Skype: uMarkets.com
- Mobile number: +74993715113.
Judging by what they say about umarkets reviews, you should not contact this office. Otherwise, you will be forced to face round-the-clock calls:
Umarkets: reviews of the broker from various forums
To complete the picture of our review, we suggest that you familiarize yourself with other comments on the work of UMARKETS, its conditions, commissions and system-AI. Reviews below are collected from different sites for maximum objectivity:
As you can see, this project is clearly not trustworthy. UMarkets are 100% scammers that are still worth looking for! It is better to turn to a more famous, regulated and authoritative financial assistant, who proved his skill not in words, but with specific actions.
