The trading agent “Umarkets” positions itself as a European broker, known and popular in various countries around the world. Claims to have created the first trial account with real income, offered traders a welcome deposit bonus and 100% profit insurance. You can familiarize yourself with the main page of the official web resource, which is available in several languages including Russian, from the screenshot below.
The Umarkets broker owns the following domains:
The brokerage organization does not provide data on its place of registration, as well as the authorities that authorized and regulate its activities, which may raise doubts among potential clients about the reliability and transparency of the broker's work. Information about the project creators and its management is not provided.
In a special section of the site, users can, at any convenient time, familiarize themselves with the documents regulating the internal work of the company. In the “Contacts” section of the site, phone numbers and email addresses are published.
The broker “Umarkets” offers its clients to conclude trading agreements with leverage – 1:200, spread 1.6, with no commission fees on the following investment assets:
To start cooperation with the trading intermediary, a potential user needs to register, log into their personal account, and choose the account type that suits their experience and needs.
The “Mini” trading account with a minimum deposit of 500 USD will offer its user trading of most investment instruments, the minimum trade volume is 0.1 lot. The “Standard” account, with a starting deposit of 10,000 USD, will expand the list of trading assets with indices, minimum trade volume – 0.5 lot. The “Silver” account - initial capital – 25,000 USD. “Gold” – 50,000 USD, minimum trade volume – 1 lot, “Platinum” account – from 100,000 USD, 1.5 lots.
According to the brokerage company, by opening an account, the user gains access to its demo equivalent, which is valid for 2 weeks, and any losses on it are not real, while the income received by the client as a result of trading on it will be credited to the real account as a bonus.
The trading agent “Umarkets” offers its clients to use the xCritical platform for trading, which is available on both desktop and mobile devices. This trading terminal has over 170 trading instruments for trading, the ability to create your own investment portfolio, competent risk management with limit orders, a history of past trades for strategy analysis, built-in technical advisor Autochartist, blocking and duplicating positions, built-in online support chat.
The brokerage company “Umarkets” provides incomplete information about the possibilities of account replenishment and fund withdrawal. Bank cards and electronic wallets may be used for this. The broker does not report on commission fees and transaction times; to obtain additional information, it is necessary to log in to the Umarkets personal account.
It will be difficult for the trading intermediary “Umarkets” to occupy top positions in broker ratings due to the lack of licensing documents from regulators. And the incompleteness of information regarding account replenishment and fund withdrawal may scare away potential users. Before starting cooperation with such a broker, it is necessary to carefully check reviews about Umarkets from real clients of the trading platform and market specialists.
Sometimes you see a broker like this and you just can't believe it!! No licenses, the range of trading instruments offers nothing unique, and the deposits are as if I can earn millions with them in a couple of days. In general, it's better to pass by and not even look…
Don't even think about working with Umarkets and other scammers who offer you to trade through the xCritical trading platform, there is no real trading there, just continuous manipulation and deception, and it is probably made for scam brokers, and nothing more.
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