Umarkets Review 2024 - Is Legit or Scam | Forexing.com (2024)

Opened the mini account, then moved to the Standart, as I wanted to work with indices. In general, brokers of this level usually impose an additional fee besides the usual spread for getting access to such a wide range of assets. There are no additional fees, except for the fact you need to trade without a break. There must be at least one transaction within three months. A very small price to pay in my opinion.

I see the review was updated this year, but it still has a lot of inaccuracies. There are standard, gold and platinum accounts. The broker also offers a lot of different bonuses. It considers the bonus for replenishing your deposit and getting access to no deposit trading. But it’s not that important, since bonuses need to be fulfilled and not everyone aggrees to get them. I also declined the bonus offer since I’m trying to avoid any psychological pressure. And speaking of assets, there’s a great deal of them on Umarkets! Basically, that was the reason why I opened the account there. There’s also crypto on Umarkets.

The broker has an attractive website, a lot of assets and a quality service. Unfortunately, cryptos are charged with a fee here, but I haven’t decided yet whether cryptocurrencies have a practical value for me (except for the questionable attractiveness of trading on the weekends), so this detail doesn’t affect my rating.

It’s the best broker in my opinion among all that I know. Yesterday I withdrew 1,000 dollars. The withdrawal was done without delay and without the commission. Everything is according to the rules. The withdrawal can be done to the majority of the popular payment systems. My first deposit was $500. Trading is convenient. There is nothing that you want to get rid of. The charts are modern. The only thing I would like them to create is a mobile application.

The broker has good conditions for trading cryptocurrencies. I used to trade on an exchange but it’s not convenient there. Money withdrawals take long, and you can’t withdraw money if you’re not verified, and the verification process is complex. Umarkets has worked out all these disadvantages of cryptocurrency exchanges. The verification is very simple, the withdrawals are fast and the conditions are good.

It’s a broker which made me forget about any stop factors in the terminal. I used to trade with a broker, where I enjoyed peepsing, it had a very low spread, but there were no breaks or slippages, and it was only in the broker’s favor, in a quiet market. And speaking of the news issues, I mostly had to sit on the fence. Opening and closing deals was impossible. And umarkets.com has no problems with that. Orders perform great even when the news are published, and the spread is a bit higher, but it’s 100% worth it!

The broker’s terms are quite acceptable. Sper is not overstated, the support works quickly.

Conditions for trading with indices are very good. Spreads don’t depend on the type of account opened. This is a major advantage. The duration of the order is limited to 21 days, but this is not crucial, since such terms are not needed in the current situation.

I raised up a request for my personal expert to call me up since I have a question regarding my account/trade since Jan 9, 2020 but the agent just keep on saying that he/she will inform my personal expert asap. But until today, no one has called me up.

worst company ever do not trade with them

They don’t pay withdrawals. They will give you a run around.. Be careful

They usually return phone calls super fast, the chat is helpful and speeds things up

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scam broker

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