uMarkets Overview
Website: www.umarkets.com
Telephone: +44 203 695 8926
Regulation: IFSC
Pairs offered: 60+ including GBP/USD, EUR/USD, GBP/JPY, NZD/USD
Minimum Deposit: $500
Spreads From: 2.5 PIPs
Max Leverage: 400:1
Markets: Forex, Indices, Virtual Currencies, Commodities, Treasuries & Bonds, CFDs, Shares

Umarkets Broker Review

Umarkets is an online financial trading company that is licensed in Belize. The company is owned and operated by Maxi Services (Belize) Limited. It offers a wide range of tradable assets including currency pairs, indices, stocks and commodities. As one of the leading providers of online trading in Europe, Umarkets is now expanding into Asia and Latin America. Umarkets is only available to traders from fully regulated jurisdictions.

Overview/ Background

Umarkets  was established in 2014 by Maxi Services (Belize) Limited. The company has rapidly expanded to include institutional investors and retail investors. A wide range of financial assets is available including major pairs, minor pairs and exotic currency pairs, indices, stocks and commodities. Umarkets  has partnered with major banks in the EU and Russia, and features a Belize City Certificate of Incorporation issued on 21 July 2014, with certificate #147304. The company is licensed by the International Financial Services Commission (IFSC) of Belize, valid through December 31, 2017. The license is #IFSC/60/338/TS/17. The company is also certified by The Financial Commission (TFC) valid through July 2017. Further, Umarkets  is affiliated with Maxi Service Limited which is a member of the Association of Russian Banks with certificate #1800. The company is also affiliated with Maxi Services Limited with the Association of Regional Bank of Russia, with certificate #581.

 

Account Types

There are several different types of accounts at Umarkets , including a mini account, standard account, gold account and a platinum account. Each of these different account types has unique benefits and services. For example, a mini account offers a minimum deal of $10,000 with a minimum first deposit of $500. It also features online chat. A standard account requires a minimum deal of $10,000 and a minimum first deposit of $5,000. It features online chat, access to all platform features, and Autochartist. A gold account offers a minimum deal of $50,000 and a minimum first deposit of $10,000. It features all the benefits of the standard account, including SMS signals, VIP manager, individual direct telephone number, and special promotions. The platinum account offers traders the most benefits, but it has a much higher minimum deal ($150,000) and a minimum first deposit starting at $35,000. Other benefits include one-on-one trading and personal reports on the stock market.

 

Trading Platform/ software

The Web Platform at Umarkets  makes it easy for currency traders, commodity traders or indices traders to access to markets 24/7. You can use a PC, mobile phone, or tablet. Simply download and install the program to get started. The features of the web platform include flexible settings, 1-click execution of trades, optimal range of trading tools, access to Autochartist, and a powerful trading interface compatible with all browsers. Traders can also access the MT4 (MetaTrader4) program at Umarkets . Some of the benefits of using MT4 include full compatibility across all browsers, easy access from any PC or computer, no installation or download of software, graphs of quotations across different timeframes. The mobile trading platform of MT4 is powerful enough to run on all iOS and Android-powered devices. It features a multitude of trading instruments and is ideally suited to futures trading, CFD trading and Forex trading. Some of the benefits of the mobile trading platform include the placing of delayed orders, live trading options, trade account controls, graph-based market analysis, and real-time quotations. Traders can also enjoy a free practice account with no download – courtesy of WebTrader.

 

Deposit options

Umarkets  offers traders easy solutions to making deposits into their account. Deposit options include CashU, Neteller, Bank Transfer, MasterCard and Visa. The 4-step deposit process requires navigating to your personal account, clicking the deposit button and choosing your preferred payment method. Next, complete the online form and make your deposit.

 

Markets

There are 4 categories of markets, including indices, shares, commodities, and currency pairs.

Indices – SPX500, NAS 100, USA 30, EUR 50, UK100, FRA 40, GER 30, ITA 40, ESP 35, SUI 20, AUS200, JPN 225, HKG 33

Stocks – Amazon, Boeing, VW, Apple, Exxon Mobil, Facebook, Google, Microsoft, Ferrari, MasterCard, Coca-Cola, eBay, Nike, Arab National Bank, Kingdom Holding Company, Samba Financial Group, Walmart, Tesla Motors, Manchester United PLC, GoPro and scores of others.

Commodities – Brent crude oil and WTI crude oil, XAU USD, XPT USD, XPD USD, USO USD, UK oil, US oil, XNG USD, XAG USD, XAUUSD, XPT USD and others.

Currency Pairs – AUD JPY, AUD NZD, CAD CHF, CHF JPY, EUR HKD, EUR NOK, GBP CAD, GBP AUD, GBPUSD, GBP ZAR, NZD USD, SGD JPY and many others.

 

Bonuses

Traders qualify for a 30% welcome bonus when they register at Umarkets .

 

Customer Support

You can contact customer support by sending a message (include your message, name, phone number and email). By clicking on the help button, you will find the telephone number (+442036958926 or + 501-223-2099). The email address is [email protected] or [email protected]. The Skype name is umarkets.com. The physical mailing address is 35 New Rd., Belize City, Belize. You can contact customer support at your leisure, and they are highly responsive and professional at all times.

 

Safety

Umarkets .com is SSL secure, and all transactions are encrypted with the highest security protocols. The company is fully licensed and regulated by the Government of Belize, with certification numbers, incorporation numbers and affiliation with leading Russian Banks. The safety of funds is assured owing to Level I PCI certified international payments service providers and all trading servers are SSAE 16 certified. The company is regulated by the International Financial Services Commission, and a team of expert R&D consultants is always on hand to ensure the safety and integrity of the platform.

 

Ease of Use

The platform is easy to use, and if you have any questions, you can simply click on the trader center and type in your keyword for further assistance. Umarkets  is unique in terms of layout and functionality, but it’s a breeze to find information that you’re looking for by entering words or phrases, or terms in the search box. The platforms are user-friendly, including WebTrader, MetaTrader 4 and the mobile trading platforms. We found the free practice account particularly useful and it teaches you everything you need to know about trading currencies, commodities, indices and stocks without having to deposit real money.

 

Final Thoughts

We like the look and feel of Umarkets .com. It is unlike any other online trading site we have reviewed, and the focus is expressly on the trader. It sports a tech-style design with digital data, charts and plenty of enticing thumbnails. The unique trading experience that is Umarkets  includes instant access to financial markets with single-click execution of trades, zero interference trading including VIP-style service, tight spreads, zero commissions and big bonuses. Traders also have access to Islamic trading accounts. We like the Autochartist programs and the SMS signals.

Pros
  • 1:400 leverage
  • Full licensing and regulation IFSC
  • Hundreds of assets
  • Free Practice Account
  • 50% Welcome Bonus
Cons
  • No Unregulated Jurisdictions
  • Relatively New Brokerage
  • No CySEC Regulation
  • Difficult to Clear Bonus (x10,000 the Bonus Amount)
uMarkets Overview
Website: www.umarkets.com
Telephone: +44 203 695 8926
Regulation: IFSC
Pairs offered: 60+ including GBP/USD, EUR/USD, GBP/JPY, NZD/USD
Minimum Deposit: $500
Spreads From: 2.5 PIPs
Max Leverage: 400:1
Markets: Forex, Indices, Virtual Currencies, Commodities, Treasuries & Bonds, CFDs, Shares
Pros
  • 1:400 leverage
  • Full licensing and regulation IFSC
  • Hundreds of assets
  • Free Practice Account
  • 50% Welcome Bonus
Cons
  • No Unregulated Jurisdictions
  • Relatively New Brokerage
  • No CySEC Regulation
  • Difficult to Clear Bonus (x10,000 the Bonus Amount)