Reviews of brokers not recommended by BrokerChooser’s experts – Thedger

FX Trading Revolution will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information. I opened account with small deposit and account manager very sweet talker ask me to deposit more money. To be safe and not access to my account, I close my account so that no more money can go out. I trade with UMarket, and just realized they are scam.

umarkets review

Constant vigilance should be applied at all times when sending money online. According to Google Trends, here is an overview of how frequently the search term “Umarkets ” is entered into Google’s search engine over a given period of time. I have been working with them for like 2 months and all they do is asking for more and more money. First they explain you and also beg for that amount of 200 Euro and then if you don’t put more they put you on margin call. The name of the person i spoke was Jessica Parker, first he acted like want to help me, but was a completely devil. Now my account is locked and cannot withdraw any of my money.

Umarkets | أدوات التحليل الفني

I’m satisfied with payment and the quality of work. Asked the support a couple of times, they helped me quickly and properly. All in all, I can give this company a ‘good’ mark. The indices track the underlying prices of the currency pairs within that index.

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 . Please read Umarkets Reviews below and share your live trading experiences with this broker.

We were impressed during our Umarkets review to see that the company tab features a dedicated section for dispute resolution. By average I mean comparing the number of shares in the terminal’s symbol list. In IB there are actually more shares, and no name brokers basically limit themselves to blue chips.

Is Umarkets a legit company?

It remains registered and compliant as an “International Business Company,” however, that should not be confused with regulation as a brokerage. Umarkets satisfies all requirements as stipulated by the business registrar of Saint Vincent and the Grenadines and, therefore, is a legit company.

Commissions for all assets, except cryptocurrencies, range between $3 to $7 per side, and for the exceptions, between $10 and $20. Please be noted that all information provided by are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. Ask you to deposit MORE, MORE, MORE. Once you see your money id increasing they will again ask you to deposit MORE.

I change my rating to only 3 stars as I think that no reputable broker should act like this, withdrawals should be quicker and communication with clients better. Very, very rude support members aka account managers. In my 8 years experience, never trust a broker who is so much pushy. Webinars include live trading, which provide new traders with excellent examples of discussed strategies. Please don’t invest even one cent this company.

This will tell you whether they are regulated by a central authority or if UMarkets is an offshore and/or unregulated entity. UMARKETS has been suspected as a scam broker. We don’t recommend trading with them and if you are trading with UMARKETS contact them immediately and try to get your fund out.

Overall UMarkets Ranking

Umarkets is not a regulated broker, which could cause a problem as clients have no insurance that funds are safe and secure. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.

Umarkets does note that eight out of ten of its traders prefer the XCritical platform, a relatively new platform and a genuine alternative to MT4. Umarkets lists four account types, but initial deposits at every level remain elevated and out of reach for a significant number of traders, especially in its noted target markets. Yesterday I opened my account and submitted $250, submitted required documents to complete my kyc and told that a confirmation message/call will come to you and thereafter you can start trading.

After registration support contacted me and gave answers to all questions. It turned out to trade on the stock exchange is not so difficult. Broker Umarkets is one of the best for me personally, although I registered on this site relatively recently, deposits are insured and you can safely bet. My impressions about Umarkets are good in general. One can make money safely there without worrying about money being lost. And this is not only my opinion, but everyone who trades there.

Trade with a Regulated Broker

For that account they say you have to deposit 5000 euro in the account. They said the bank is in Sweden, As I knew few things in swedish, the guy who was supposed to work for swedbank, he couldn’t umarkets review answer my question in swedish and he vanished. You don’t need to pay any fee in advance, but they ask you to give them 30% of recovered funds. I invested euro and they Stole all my money.

Since I wasn’t getting much guidance, I decided to trade myself. I made close to double of my investment when I found myself in a tight financial situation and needed to withdraw some funds. I only wanted to withdraw $300 and leave the rest to continue trading. But when I requested a withdrawal, my manager didn’t let me withdraw. Instead he kept pressurizing me to invest more. Thank God I didn’t even have the money to invest, else I would have fallen prey to their evil tactics.

  • Demo accounts are available; US and UK traders are not accepted.
  • There are more invest assets than one might require, you will always find something to choose from.
  • The only thing I don’t quite like is spread.
  • I have been trading for a year now and have no regrets.
  • A good broker with a wide range of tools, excellent execution of orders and high-quality analytics.

But after depositing the amount all of them appear offline and no one there to support. One more thing, when i tried to withdraw my money there is no option to do that. I tried to send mail on and but it bounced back to me. I have opened an account with umarkets recently .one adviser was appointed. From first day he insist me to deposit lot of money which I avoided.

Is UMarkets Legit or a Scam?

There’re 4 accounts with from $500 to $35k deposits. I switched from the minimum account to the standard one with $5k deposit. The only thing that irritates me is that chat is quite slow.

umarkets review

One thing I don’t like is that it is designed to be a day trading service. Positions that are left overnight are charged an overnight commission. All information presented on website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. will not accept any liability for loss or damage as a result of reliance on the information on this site.

These Umarkets are also scammed two of my colleagues. In fact, we haven’t found any information about Umarkets being regulated in either Europe, Asia or Latin America, which means the broker has been illegally offering its services. Disclaimer – The Promotion, reviews and other information are written and posted here just for the informational reason only. An excellent broker, whose activities are regulated by international law. Advanced risk management and separate storage of customer funds in the accounts of the best banks in the world. A wide range of secure and reliable payment methods, including credit / debit card payments, e-wallets and bank transfers.

Is Umarkets regulated?

Though Market Solutions LTD, the owner of Umarkets, is registered as an International Business Company in Saint Vincent and the Grenadines, Umarkets remains an unregulated brokerage entity.

Users caught spamming or abusing will be deleted from the site and prohibited from future registration at and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Im from chile, they called from argentina without me ever giving them my data, had everyhing about me, i let him talk then the dude tried to make me deposit 500usd, i had enough and hanged up, wierd AF.

How Online Trading Scams Work?

Neither requotes, nor hairpins and the like have been noted. But of course there is slippage, although insignificant. TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it.

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