Umarkets Review - Does It Offer First Deposit Bonus? - WikiFX
Zusammenfassung：Umarkets offer a 30% first deposit bonus to attract new traders. However, it should be noted that this company is not regulated.
| UmarketsReview Summary | |
| Founded | 2022 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Shares, indices, commodities, forex, cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 1.6 pips |
| Trading Platform | xCritical |
| Minimum Deposit | $500 |
| Bonus | ✅ |
| Customer Support | Contact form |
| Tel: +442037697631; +442080773052; +442037697601 | |
| Email: support@umarkets.vc; customers@umarkets.vc | |
| Skype: umarkets.com | |
| Regional Restriction | UK |
Umarkets was registered in 2022 in Marshall Islands, specializing in shares, indices, commodities, forex, and cryptocurrencies trading. It provides four types of accounts, with a minimum deposit of $500. Besides, promotions are also available. However, it should be noted that this company is not regulated, and potential risks cannot be ignored.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| Demo accounts and Islamic account | Regional restrictions |
| Multiple channels for customer support | No MT4 or MT5 |
| Promotion and bonus offered | High minimum deposit |
| Popular payment options | |
| No depositing fees |
Is Umarkets Legit?
No, Umarkets is not regulated by financial regulatory authorities in Marshall Islands, which means the company lacks regulation from its registration site. Please be aware of the potential risks!
What Can I Trade on Umarkets?
Umarkets offers different types of products, including shares, indices, commodities, forex, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Umarkets provides four types of accounts: Mini Forex Account, Standard Forex Account, Gold Forex Account, and Platinum Forex Account. Besides, demo accounts and Islamic accounts are also available.
| Account Type | Minimum Deposit |
| Mini Forex Account | $500 |
| Standard Forex Account | $5,000 |
| Gold Forex Account | $10,000 |
| Platinum Forex Account | $150,000 |
Leverage
The leverage can be up to 1:200. Traders need to consider carefully before investing and should bear in mind that high leverage is likely to bring high potential risks.
Umarkets Spreads
| Asset | Spread | ||||
| Mini | Standard | Silver | Gold | Platinum | |
| EUR/USD | 2.5 | 2 | 1.7 | 1.7 | 1 |
| Aluminium | 380 | 280 | 280 | 180 | 130 |
| Brent Crude Oil | 15 | 12 | 11 | 11 | 10 |
Trading Platform
Umarkets uses xCritical as its trading platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| xCritical | ✔ | Mobile, web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Umarkets accepts different types of payment options, such as MasterCard, VISA, Neteller, Skrill, OrangePay, AstroPay and so on. It also claims that no depositing fees are charged. However, other details such as the accepted currencies and the processing time are not clear.
Bonus & Promotion
Umarkets holds promoting activities. Traders can receive 30% bonus for their first deposit. Besides, people can also earn bonus by inviting friends.
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