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Score

1.42 /10
Danger

UM Capitals

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://umcapitals.com

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Score

Regulatory Index0.00

Business Index6.33

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

UM Capitals · Company summary

Note: UM Capitals's official website: https://umcapitals.com/ is currently inaccessible normally.

UM Capitals Review Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationNot regulated
Market InstrumentsForex, cryptocurrencies, metals, stocks, and indices
Demo Account❌
LeverageUp to 1:500
SpreadFrom 5 pips
Trading PlatformWeb-based platform
Min Deposit$250
Customer Support24/5 support
Physical address: 1 Canada Square Canary Wharf, London E14 5AB, UK
Phone: +44 1225417015
Email: support@umcapitals.com

UM Capitals is an offshore broker registered in the United Kingdom. It charges a high minimum deposit of $250 and offers leverage up to 1:500. Additionally, since its website is currently inaccessible, details regarding its types of trading tools and trading fees cannot be obtained. Most importantly, this broker operates without any legal regulation.

UM Capitals' homepage

Pros and Cons

Pros Cons
Multiple trading typesNo Legal regulation
Limited info on trading
Unavailable website
No demo accounts
High minimum deposit

Is UM Capitals Legit?

UM capitals lacks a legal regulatory license from any financial institution. It has provided a false UK contact address, yet upon careful reading of the terms, we discover that UMcapitals is actually governed by the laws of the Marshall Islands. This offshore location is a favored haven for scammers, because the Marshall Islands do not have financial regulatory agencies, meaning the activities of these brokers are not subject to regulation.

Moreover, if UMcapitals were truly a UK-based broker, it would be licensed by the Financial Conduct Authority (FCA) in the UK. However, there is no information about UMcapitals on the FCA's regulatory registry.

No license
No FCA license

What Can I Trade on UM Capitals?

UM capitals claims to offer 250+ financial assets across forex, cryptocurrencies, metals, stocks, and indices. However, it lacks legal regulation, and trading with it poses a high risk of losing all your money.

Tradable Instruments Supported
Forex ✔
Metals✔
Indices✔
Cryptocurrencies✔
Stocks✔
Bonds❌
Funds❌
What Can I Trade on UM Capitals?

Account Type/Spread

UM Capitals offers four account types: Starter, Advanced, Expert, and Fusion. The minimum deposit amount for the Starter account is $250, while there is no specified amount for the other accounts. Spreads range from 0-2 pips, and leverage range from 1:100 to 1:500.

Account TypeMin DepositSpread
Starter$2501.6 pips
AdvancedPersonalized2 pips
ExpertPersonalized0 pips
FusionPersonalized0 pips
Account comparison

Leverage

UM Capitals offers leverage up to 1:500, which is not granted in most countries as it can lead to high losses in the short term. Please be careful!

Trading Platform

UM Capitals claims to support trading on MT4, an advanced and professional trading platform. However, upon creating an account, it was discovered that UMCapitals only offers a basic online platform and does not support MT4. Therefore, you'd better choose a broker that has truly obtained permission from legitimate platforms such as MT4/5 for investment.

Trading PlatformSupported Available Devices
MT4✔Computer
MT5❌/
cTrader❌/
MT4

Deposit and Withdrawal

UM Capitals offers three methods for funding and withdrawing assets, including the online platform NeoBanQ, bank transfers, and credit card. However, given that UMCapitals has been identified as a fraudulent broker, you should not consider depositing any funds.

Deposit and Withdrawal

User Reviews

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FX1566795049
more than one year
UM Capitals is not the worst, but certainly not the best trading platform out there. The interface is somewhat clunky, making navigation a bit of a hassle. I've experienced occasional delays in order execution, which can be frustrating, especially in fast-paced markets. The range of available assets is decent, but there's room for improvement in terms of diversity.
UM Capitals is not the worst, but certainly not the best trading platform out there. The interface is somewhat clunky, making navigation a bit of a hassle. I've experienced occasional delays in order execution, which can be frustrating, especially in fast-paced markets. The range of available assets is decent, but there's room for improvement in terms of diversity.
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2023-12-20 22:44
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咱叫、豬堅强
more than one year
Very bad trading experience, always encountered technical issues during login process. UM capital’s customer support staff cannot do anything about this problem. I had that enough, and I suggest that you guys don’t trade with this broker, either.
Very bad trading experience, always encountered technical issues during login process. UM capital’s customer support staff cannot do anything about this problem. I had that enough, and I suggest that you guys don’t trade with this broker, either.
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2023-03-13 11:44
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