Umarkets Broker review

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. Overall, Umarkets Broker review the in-depth courses represent the most valuable asset at Umarkets. 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.

On the other hand, xCritical web trader does not have as many features as MT4. Based on everything we’ve seen, there are MT4 and xCritical web trader along with a mobile trader. The MT4 works only in a web version and does not have access from the phone. Forex regulation is therefore all about consumer protection. With our finds and issues with regulations and safety of UMarkets, we do not rank positively UMarkets, based on our Expert Opinion with over 10 Years of experience in Forex Trading. The refer-a-friend promotion is one of the most widely used offers across the industry.

Is my money safe with the UMarkets broker?

Overall, Umarkets provide traders with access to 5 different markets, Indices market, Share market, forex market, commodity market and cryptocurrency market. Before you can start trading in any of these markets, you will be required to open a live trading account with the broker. There are 4 different types of trading accounts to choose from at Umarkets.

  • Traders are also faced with above-average deposit requirements which, given the aforementioned expansion plans, appear out of reach for the target markets.
  • Since a dedicated FAQ section or help center is not available, customer support presents the primary source of assistance.
  • I understand that there should be a fee when your deposit is in dollars, but I wish it was a bit smaller in order to have an active trading.
  • Please read Umarkets Reviews below and share your live trading experiences with this broker.

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. Also pleased with the ratio of price and quality, which in our not easy time is not unimportant factor. Delivery just super delivered without a hitch all in the stipulated time also bribe with its flexible discount systems. Thank you very much for your work, we plan to work only with you, we recommend it to everyone.

Customer support

The account is made up of a personalized portfolio owned by a single investor. The portfolio and account is handled accordingly to the investors needs. Segregated accounts are used to differentiate between the broker’s working capital and its client investments. Another important element of our negative UMarkets opinion, besides the lack of license, is hidden in the fact that this broker uses two version of their trading software.

Umarkets claims that over the past decade, it has served over 1,200,000 clients from 87 countries. The broker also claims that 8 out of 10 traders prefer its XCritical Online Platform to the basic MT4 it also offers. Catering to retail traders and institutional investors alike, this broker has captured ample markets share in Europe, and is now focusing on expansion across Latin America and Asia. offers over 70 currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options. The training is very informative and understandable, there is nothing superfluous. Technical support always answers the questions and really helps.

Broker Information

UMarkets broker is a new addition to the global Forex world, and this provides the company with the possibility to incorporate modern methods of trading into its every-day activities and operations. According to their website, this broker offers flexible leverage and tight spreads, and various trading benefits and incentives are used as a method of attracting players to their website. Of course, the trading process starts with depositing the money and opening up an account, and here are the basic types of accounts that are offered with this broker.

Umarkets Broker review

Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. The forex spread is the difference between a forex broker’s sell rate and buy rate when exchanging or trading currencies.

Opening an Account

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. Dex-Trade is a universal exchange for both beginners and professional traders. The minimum spread and high liquidity in order books allow you to trade efficiently with orders of any volume. Along with global opportunities, the exchange also provides a demo trading mode for risk-free testing of your trading strategies.

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What can we possibly say about the broker blacklisted everywhere? One of the most advanced MT4 features we admit is an outstanding chart package, with technical indicators and integrated fundamental analysis. TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it. Forex and metals CFDs are commission-free, while energy, cryptocurrencies, equity, and index CFDs carry a fee.