Umarkets Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1 05

financial expert

Like what the hell, you are the excited one trying to convince me to invest and trade now?. So I asked to give me time to think by tomorrow. I think I would give a NO tomorrow after reading all these reviews.

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In my thought, are they called “expert” or professional? Or maybe this is the kind of strategy that they make to a client to made more deposits. To do this, I deposited 60,000 USD on March 4 – 29, 2019 and that money comes from my loan to bank, borrowed from my friends, and selling my property whose stagnant and not earning.

However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines. New traders qualify for a welcome bonus of 30% on their first deposit. This means that when you open an account with $5 000 dollars, Umarkets will add to your account another $1 500 dollars.

She encourages me to deposit 500 USD in their minimum/mini account. Luckily, I do research first and I read your comments with Umarkets and other negative feedbacks here. My mentor taught me what to trade last few days ago, without her I earned $3,000 plus. But all of a sudden my balanced was disappear. I have a sleepless nights just to focus on that trade.

Integrated Services

I have a withdrawal issue with UMarkets, they ignored my withdrawal request. My financial advisor is Mr. Eric Lopez and supervised by Ms. Aimee Marquez. I requested them to withdraw funds from my accounts, which are a restitution fund account for my losses and some trading funds for MT4. I was promised that I could start withdrawing by end of January 2023. I sent my withdrawal request through Mr. Lopez, and he said he will handle the follow-up for immediate release.

Positions that are left overnight are charged an overnight commission. Moreover, I made myself to participate in their offerings, and maybe after this, I can fully withdraw my earnings. From then on, I deposited another 27,500 USD.

I have opened an account 3 months ago…

They also offer the MT4 platform, which is a good thing. The website is translated in 5 languages but it’s not particularly user-friendly. Demo accounts are available; US and UK traders are not accepted. Umarkets gets a lot of complaints dating back to the companies found in 2014. The complaints are all centred around money and how bonus ties up profits, account balances disappear and access to accounts are denied. To their credit, Umarkets tries to address the complaints but there are no signs of resolution in the forums I visited.

  • A $50 minimum withdrawal applies, according to one reference found on the website.
  • The process of withdrawing is incredibly frustrating.
  • From situation, my expert is no were to be found and never have communication with him until in May 2019 upon login my account on their platform I found out that my account is negative or wipe out.
  • I made a withdrawal of $2,800 last month July 24,2020.
  • According to research recently done, Umarkets is an STP offshore broker and offers traders worldwide access to a range of assets for trading by using flexible and powerful platforms.

As this goes against any honest ethical behavior and shall be actually a matter of justice soon, as those money do not belong to the u markets but to me so I can decide what I want to do with it. The act of such a treason like to put me into a problem by making a mess out of my financial planning and almost a year witholding my withdrawal is unacceptable. This situation shall be remedied as soon as possible.

Unique Features

By looking at my balances now I need to umarkets and my withdrawal will serve my payment to whatever debt I have during that time and becomes due. I was surprised just like the last time, that before my account to withdraw I need to ask my expert permission. So and so I do that but when I said to him that I need to withdraw, he answered me that my required lots is not finished. So I made my own understanding and looked upon the total trades and make manual computation and based on my expert told me that 100,0000 units are equal to 1 lot. Upon seeing my account on the platform, I made 120M units which I believe equal to 1,200 lots.


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. 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.

Umarkets Review – 21 Key Point Quick Overview:

For instance, you will receive a 30% welcome bonus, which is not too much when compared to other brokers in the market. Also, UMarkets will give you a bonus if you use their Refer-a-Friend feature and bring a new client to their website. I was called UMarkets minutes ago talking about catching the birds with one stone, in a global event which i should take advantage.

To wrap up our UMarkets FX broker review, we can only repeat the most important elements that we mentioned earlier in the article, and they are predominantly related to the lack of proper license. Also, some other “minor” issues are present, and that is why we feel that this trading provider is not legitimate and fully reliable. And we are seeing completely same things over here. It does not really look like a coincidence to us. The Umarkets customer Support is available 24/5, and traders may either call directly, send an e-mail, or use the webform. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.

However, not all of those broker houses are legitimate and professional, and some of them are created for malicious reasons. That is why it is vital to learn as much as possible about each broker house you want to sign with, and our UMarkets review will provide you with enough facts about this particular trading provider. The Company offers a fixed spread on the web platform.

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. Traders can use these tools and resources to help manage their risk, and also get access to educational material and other resources. However, it’s important to note that trading always carries a risk and no strategy or tool can guarantee success. Traders should always understand the risks involved and invest only what they can afford to lose.

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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. Bonuses impact the availability to withdraw profits. Interested traders need to consider this before accepting them.

It is actual stock market indexes that measure the value of a specific section of a stock market. Once the account is registered, a verification email will be sent to the registered email address, verify, and login. Zero commission trading and access to additional features and benefits. Umarkets has been established in 2008 with its headquarters in Kingstown, St Vincent, and the Grenadines.


I know it’s not very long, but my experience in financial markets, in general, is 4+ years, so I can see signs of good brokers. They have competitive spreads, fast order execution, and a wide range of trading instruments. I opened an account at umarkets just to test their capabilities, but now I think I’m going to stay with them for a long time. We advise all investors and traders to avoid Umarkets and other brokers from St. Vincent and the Grenadines. Umarkets does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.

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UMarkets review: the final word

After two weeks, one personnel call me to report about the previous manager that was handling my account is no longer in their company. They also restrict the transactions specially withdrawals. Umarkets are pure cheat, never invest with them. Australia’s ASIC warns Umarkets could be involved in scams.

Umarkets is a CFD broker owned by Market Solutions LTD; since October 2017, it has been registered in Saint Vincent and the Grenadines. The brokerage has been operational since 2008, using the same brand name with a registration out of Belize under the name Maxi Services LTD. Ownership of this brokerage changed numerous times. Ask you to deposit MORE, MORE, MORE. Once you see your money id increasing they will again ask you to deposit MORE. The high amount that you see you have in your account suddenly becomes NEGATIVE.

Umarkets provides four different account types, Mini Forex Account, Standard Account, Gold Forex Account, Platinum Account and Risk-Free Demo account options. The minimum deposit amount required to register an Umarkets Professional live trading account is $500 USD. Some people think that this is a lot, others that it’s very low. But I think this’s an optimal deposit for a start.

  • It’s already my 4th month and I have been receiving non stop calls and notifications from these banks.
  • Support is available 24/5, and traders may either call directly, send an e-mail, or use the webform.
  • You are no match with Binance and iq option they are not scammer i suggest to the investor to trade on binance bitcoin .promise umarket is scammer.

Indices include all the world’s major North American, European and Asian markets as well as about 100 individual stocks. The chase you on everyday basis and talk to you in a rude manner once you start telling them you are not interested. So please, you don’t have a life so miserable like me AVOID THEM. 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. We use dedicated people and clever technology to safeguard our platform. Help future customers by talking about customer service, price, delivery, returns & refunds.

I decided to take a course before the opening of the https://traderoom.info/, learned about the bonus newcomer 50%. Output only once, the whole process took a little less than an hour. Not seeing anything yet direct “wow”, but everything is stable and clear. I am just finding out that they aren’t registered.

You don’t need to pay any fee in advance, but they ask you to give them 30% of recovered funds. Told them many times politely to remove my number but they clearly tells, sorry we can’t remove you. I will see if I can report them to Offcom as well. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.