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UMarkets Review – Is UMarkets Scam or Legit?

UMarkets Broker Rating
Conclusion
Read our UMarkets review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this UMarkets review before you sign up with the broker.
Account Types
9.5
Trading Speed
9
Customer Service
9.1
Safety
9.4
9.3

UMarkets Review

UMarkets logo

If you are looking for an opportunity to dive into the trading industry but are finding difficulties where to start from then, I would help out in this venture. Many trading companies, such as UMarkets, are assisting people in making a lot of money on instruments trading. But one should be aware of the scams happening in the online world. Otherwise, your hard-earned cash will be moved into the hands of scammers. A detailed study on brokers is needed on the part of people who are thinking about joining a trading broker. However, I would advise you to listen to me as I have found out a broker that can make you the luckiest person on the earth. I am talking about UMarkets as it has helped many people introduce them to the vast world of trading.

Brief Introduction to UMarkets

UMarkets is a complied broker offering hundreds of instruments, including stocks, currency pairs, Forex, CFDs, cryptocurrency, and many others. Out of dozens of trading brokers, it is the only one that provides high-security standards along with an opportunity of earning a high profit on assets trading. The most charming thing about the trading platform is that its support team helps traders and investors use the site and earn the return on investments.

Another hot feature of it is the availability of three trading platforms, including Web Trader, Meta Trader 4, and Mobile Trader. The more you explore the broker site, the more you love it, as its all trading features are surprising.

UMarkets website

Wide Range of Financial Instruments

Professional traders make portfolios and add a variety of assets; as wise people say, do not put all eggs in one basket. It would be best if you diversified your investments among different assets. In order to handle the situation, UMarkets presents its user base with an ability to invest money in a wide range of assets, such as currency pairs, CFDs, stocks, commodities, and cryptocurrencies. As it is providing access to a lot of assets, we can call it a versatile broker serving thousands of people across the world. As per the information available on the front page, the users of the UMarkets have access to more than 360 financial instruments.

Stocks rise and fall when companies perform good or bad in terms of growth. So, when a company shows exceptional growth in a quarter, investors like to buy the stocks of that particular company and hope that stocks’ value would grow in the future. The researchers of the company do a comprehensive study in finding profitable stocks that would give high returns in the future. The information delivers to the people who are linked with the website. On the site, you will only find the stocks of the reputed companies of the world that are poised to grow in the future.

The forex market is big as the daily volume of trading pairs reaches trillions of dollars on a daily basis. The trading currency pairs does not consider as risky as other assets. So, the people who are looking for low-risk instruments could find currency pairs a good deal. What’s more, traders will get exposure to hundreds of currency pairs on the website. Hundreds of currency pairs are updated against the most recognized fiat currencies, such as the US dollar.

Cryptocurrency is another growing and charming deal for traders searching for high profitable assets out there. Bitcoin was first introduced in 2009 but did not get mainstream attention at the time. With time, its value increased, and billions of dollars poured into it, pushing it higher. Currently, it has been recognized by the big financial institutions in the market, which first rejected the idea of cryptocurrency. With the passage of time, many other cryptocurrencies emerged other than the leading cryptocurrency, Bitcoin. The major cryptocurrencies at the time are getting high investments on the part of institutional investors that are willing to dump traditional products due to the high devaluation of fiat currency. The major cryptocurrencies include Bitcoin (BTC), Cardano (ADA), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), and many others.

Trading commodities is the oldest method of trading. It includes trading precious metals and other valuable commodities, which the people commonly use. Gold has made thousands of people rich because it can act as a good investment hedge against fiat currency’s rising inflation. When people fear that the government is printing an unlimited amount of money, they put money on gold as it does not affect the inflation or devaluation of fiat currency.

Besides these financial assets, there are a lot of other assets which you will find on the site. All of these trading instruments provide high returns on the investment.

Benefits of UMarkets

There are dozens of advantages of UMarkets over other trading sites in the market, but I will tell you only a few, which are necessary.  Following are the benefits of the company.

Execution

It lets you execute trades in milliseconds; such a speedy execution is not available on any other site. As you know, the Forex market and crypto market are volatile enough where price values change in seconds. The website’s software speed deals with high volatility and will not let you become a victim of market volatility. The high execution speed feature of the company makes it popular in the ranks of traders and investors. As per the details given, it executes trades in 0.012 seconds.

Cost of Trading

The transparent nature of the broker lets you know about its trading fees and commissions. It does not cost you on deposits or at the time of funding. The information about fees and commissions is clearly conveyed to the users at the time of account creation. The feature of transparency inspires me a lot as normally, companies do not reveal clear information and deduct hidden fees. There are no hidden fees on trading services as everything is written clearly on the website.

Funding and Withdrawals

Usually, the procedure of funding and withdrawals poses some difficulties to people on trading brokers. This is not the case with UMarkets because it, however, helps people out in adding into the wallet of the trading company. Similarly, the procedure of money withdrawal is also easy and straightforward. Furthermore, a wide range of payment methods, including online banking, credit card, debit card, and wire transfer, is in the access of traders. The website conveys that one can add funds via more than ten payment methods. Withdrawals request for money is handled on an urgent basis, according to the firm. On the contrary, other brokers take weeks to accept the withdrawal requests.

Trading Platforms

For trading, the company has rolled out three trading platforms so that users can fully enjoy the process of trading and can earn a high profit on the trading of multiple assets. These trading platforms include Meta Trader 4, Web Trader, and Mobile Trader. Many of you are already aware of these trading platforms, but I will explain them to beginners a little.

  • Meta Trader 4

First of all, it is a multi-asset trading platform that caters to the needs of people who want to invest in a large number of assets at a time. Traders who want to trade commodities, indices, Forex, and CFDs can easily access Meta Trader 4. It is also known as a secure, quick, and convenient trading platform that lets you make thousands of dollars on asset trading. In the world of trading, Meta Trader 4 has made its name due to the things that it offers as compared to other traders in the market.

  • Web Trader

It is a web-based trader, and that’s why you don’t need to download the software on your device. Instead, you can open it on your device and make trades and earn a lot of profit. It is a cutting-edge and robust trader that lets people trade in a smooth manner.

  • Mobile Trader

Besides Meta Trader 4 and Web Trader, the users of the UMarkets also enjoy the benefit of Mobile Trader. After downloading it on your mobile device, you can immediately start trading assets. The most innovative and advanced features are integrated into the Mobile Trader for smooth trading. Now, you can manage the world of trading on your mobile, and you can take it with wherever you want. 

Investing Tools

Tools have a major and foremost role in successful trading as these can enhance your trading capabilities, thus resulting in high profits. Professional traders always make use of these trading tools when they place bets on instruments. The investing tools of UMarkets include an economic calendar, technical analysis, online academy, Forex cross rates, and real-time charts.

The economic calendar works like a reminder that makes you alert about the industry’s major events and happenings. When a major event happens, it sends you a notification that can help you at the time of decision-making.

As you know, an analysis should be done before investing. In order to do better analysis, professional traders usually do technical analysis. Technical analysis works while taking past data as the base and predicts the future price value of currencies or stocks. The broker has dedicated a special section comprising technical knowledge, including techniques and strategies. However, sometimes, the price values do not move as technical analysis predicts.

Online academy is a third investing tool in a row that users find on the platform. As the name suggests, it works as an academy and trains people how to incorporate advanced techniques and tricks into trading as the structure has changed with the coming of new technologies, such as artificial intelligence. In this section, beginners also learn about the basics of trading and earn a lot of profit on it. Here, one can find all the questions and queries revolving around in his mind.

In the section entitled “Forex Cross Rates,” the current market rates of currency pairs are listed. Traders should put money on the currencies, which are expected to increase in the future. On the contrary, they should retrieve money before they lose money as a result of bearish sentiments in the Forex market.

Real-time charts help users in delivering productive and current data of the assets. For example, if the graph line moves downward, investors should prevent infusing money on the instruments, which will prevent them from becoming victims of a market crash.

Account Types

After registering themselves with the site, the next action the users need to take is to choose an account out of three. The objective of offering three accounts is to give target investors from different classes, such as lower class, middle class, and premium class. I will unravel the features and limitations of these three account types.

  • Beginner Account

As the name suggests, it is best for beginners who are exploring the trading world. The beginner investment plan is set to unlock with just 250. As the funding limit is low, there is a limitation on the services it offers. But it is best for beginner users who want to experiment with trading without losing money. The features provided along with the beginner account include access to top assets, online live webinars, and free daily market research reports.

  • Intermediate Account

In order to unlock the intermediate account, one must have to add at least 5,000 as a fund. Besides three basic facilities, the intermediate account holders can also enjoy services, such as a dedicated account manager, one-to-one live sessions, an online academy, an expert advisor, and full access to a live trading room.

  • Expert Account

The expert account is the most premium one on the site as it starts with at least 20,000. As the amount of funding is high, the number of features is also high. The premium investment plan features include an online academy, dedicated account manager, access to live trading room, access to top assets, market research reports, unlimited one-to-one sessions, and availability of expert advisors.

Exceptional Customer Support

The broker’s customer support section remains operative 24-hours a day, and the support team serves customers to their full capacity. A trading broker is useless without good support. UMarkets pays attention to its customer base, and that’s why it has made it functional all the time. If a person has a query, his query will be solved on time, thanks to diligent staff members and their dedication. However, the company offers support services five days a week. So, we can say that one will not be disappointed with the trading broker’s support services.  A deep connection with the site makes you understand that it is one of the best trading platforms out there. The financial experts and support agents are highly professional people that let you enjoy the trading to its fullest.

Privacy of Users Matter

As the users are the major priority for the company, users’ privacy also matters a lot, especially in the internet world where big companies manipulate data and earn money. It does not ask you to submit any additional information except the personal data of an individual.  At the time of account registration, users are asked to give only basic information, such as full name, phone number, country of residence, and email.  If you want to know about privacy rules and conditions, you should read the website’s privacy policy.

Is it Legit?

It is the most important question that should be popped into people’s minds before going for any broker for trading. The legitimate nature of the broker gives mental satisfaction to newly joined users. The senior users on the platform are highly satisfied with the security measure it provides. Not even a single case has been reported that a user experienced security issues with the platform. The company’s highly professional development team has incorporated advanced security standards in the software of the company that makes it popular in the community of traders.

For your kind information, I would like to inform you that a renowned regulatory authority regulates UMarkets. It also follows the rules and guidelines as it complies with know your customer (KYC) and anti-money laundering (AML) policies. The implementation of AML policies prevents any activity of money laundering on the site. What’s more, it has also employed features that also block money laundering actions.

The strong protection walls linked with the latest technologies, such as artificial intelligence, make it impossible for hackers to breach the software of the website and rob funds out of the users’ wallets. The funds are saved in the segregated accounts, which add further layers of security. One cannot question the legitimacy of the broker. My experience with the broker was also awesome as I am fully satisfied with its measures for users’ security. Your funds are protected under many layers of security as the dedicated team of the company takes full responsibility for the customers’ funds. Still, if you have any doubt regarding security policies, you can connect with the support team and ask them for further detail.

Conclusion

The more you become aware of the site, you will love its features, including exceptional customer support, professional team, availability of three trading platforms, investing tools, access to a wide range of assets. The availability of three account types lets traders trade depending on their investment amounts.

UMarkets Broker Rating
Conclusion
Read our UMarkets review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this UMarkets review before you sign up with the broker.
Account Types
9.5
Trading Speed
9
Customer Service
9.1
Safety
9.4
9.3

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Hassan Mehmood (Saudi Arabia)

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has a degree in journalism.

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