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umarkets -

Score

1.47 /10
Danger

umarkets

Marshall Islands

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://umarkets.net

Influence

C

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.67

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

PT CMVM
2023-10-04
cmvm warns investors about the umarkets
umarkets

Broker Information

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Company Name

TS Software Ltd

Company Abbreviation

umarkets

Platform registered country and region

Marshall Islands

Company website

X

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YouTube

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
umarkets · Company summary
umarkets Review Summary
Founded2017
Registered Country/RegionMarshall Islands
RegulationUnregulated
Market InstrumentsShares, Indices, Commodities, Forex, Cryptos
Demo Account✅
Islamic Account✅
LeverageUp to 1:200
EUR/USD SpreadFrom 1.6 pips
Trading PlatformXCritical online platform
Min Deposit$500
Customer Support24/5 support
Tel: +442037697631, +442080773052, +442037697601
Email: support@umarkets.net, customers@umarkets.net
Skype: umarkets.com
Address: Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands
Restricted RegionThe United Kingdom of Great Britain

Umarkets, registered in the Marshall Islands in 2017, is unregulated. It supports four types of accounts, allowing for the registration of both demo and Islamic accounts with leverage up to 1:200 via the XCritical online platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as 500 USD.

Umarkets' homepage

Pros and Cons

Pros Cons
Various market instrumentsUK clients are not accepted
Support demo and Islamic accountsUnregulated status
Multiple account typesNo MT4/5
Mini account offeredHigh minimum deposit
No deposit feesUnknown payment methods

Is umarkets Legit?

No, umarkets is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license
Domain information

What Can I Trade on umarkets?

Tradable Instruments Supported
Shares✔
Indices✔
Commodities✔
Forex✔
Cryptos✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on umarkets?

Account Type

Account TypeMin DepositMin Trading Size
Mini$500$10,000
Standard$5,000
Gold$50,000
Platinum$35,000$150,000
Account Type

Leverage

umarkets offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
XCritical Online Platform✔Web/
MT4❌/Beginners
MT5❌/Experienced traders
XCritical Online Platform

Deposit and Withdrawal

Umarkets claims to charge no deposit fees, but it doesn't openly reveal accepted payment methods on its official website.

User Reviews

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User comment

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Comments

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Hk -.-
more than one year
The website of umarkets looks very professional, but it lacks the most important thing: the regulatory license. A financial company without a regulatory license is not governed by the law and can commit crimes without punishment!
The website of umarkets looks very professional, but it lacks the most important thing: the regulatory license. A financial company without a regulatory license is not governed by the law and can commit crimes without punishment!
Translate to English
2023-02-22 11:35
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