- Broker Name: Umarketz
- Broker Type: CFD broker
- Country: St. Vincent and the Grenadines.
- Operating since year: 2017
- Regulation: IFSC (Belize)
- Address: Milutina Milankovica Blvd 9ž, Belgrade, 11070
- Broker status: Broker
- Phone: 46850281328
- Email: [email protected]umarketz.net
- Languages: English
- Availability: Phone, Email
- The Trading platforms: MetaTrader 4
- Trading platform Time zone: GMT +3:00
- Demo account: yes
- Mobile trading: yes
- Web-based trading: yes
- Bonuses: no
- Other trading instruments: stocks, indices, forex, cryptocurrencies, commodities
- Minimum deposit: €250
- Maximal leverage: 1:200
- Spread: 0.1 pips
- Scalping allowed: no
Umarketz Review Content
- A glance at Umarketz
- Regulations & Licenses
- Trading Platforms
- Investing Tools
- Umarketz deposit/withdrawal methods and fees
- Account types
- Opening an Account with Umarketz
- Education and training
- Customer support
- Umarketz Review: Final thoughts
A Glance at Umarketz
Umarketz is a Forex market broker with a wide range of financial instruments in its arsenal. Traders can make money from stocks, indices, currency pairs, cryptocurrencies, and commodities. As a bonus, Umarketz offers four investment portfolios.
It’s not easy to find Umarketz reviews on the internet since it is not looking for massive PR. The broker attracts resource-targeted marketers. Due to this approach, it saves advertising and at the same time creates a business reputation. Umarketz is well regarded in the financial world. Clients are satisfied with the work of the company and only write about it in particular forums.
Umarketz has been a leading broker in the forex industry since 2017 and has distinguished itself from the rest in every possible way. It is the world’s number one Forex brokerage based on more than 60 UK and international awards.
The broker offers standard trading tools. It provides up-to-date and helpful trading information, advanced, and convenient financial market services for various investors.
Despite its good reputation, it is necessary to review the broker to verify if this site is a scam or if you can trust their business platform. Let’s learn how Umarketz works in detail.
Regulations and Licenses at Umarketz
A renowned regulatory authority regulates Umarketz. Besides, the broker follows the rules and guidelines as it complies with KYC and AML policies. The latter one prevents any money laundering activity on the website.
On the other hand, artificial intelligence makes it impossible for hackers to breach the website’s software and rob funds from customer’s wallets.
Still, if you doubt security policies, you can contact the support team and ask them for additional details.
Trading Platforms Provided by the Broker
Umarketz offers three trading platforms to make trading fully enjoyable for users. These platforms are MetaTrader 4, Web Trader, and Mobile Trader. Many of you may be aware of these platforms, but you’ll need an explanation if you are a beginner.
Meta Trader 4
MT4 is a multi-asset trading platform. It caters to the needs of people who want to invest in multiple assets at a time. It offers over 70 currency pairs, CFDs, commodities, stocks, indices, gold, silver, oil, bitcoins, and other cryptocurrencies.
MT4 has made its name in the world of trading due to its offers compared to other market traders. It is known as a secure, fast and convenient trading platform.
The desktop version is also available at Umarketz.com. You don’t need to download software on your device, and it lets you trade smoothly.
Besides Meta Trader 4 and Web Trader, the broker users also enjoy the advantages of Mobile Trader. Mobile apps for iOS and Android mobile devices are available for download. After downloading, you can immediately start trading assets.
Besides, Umarketz has a handy demo account with which you can learn everything you need to know to trade without having to deposit real money.
Investing Tools Offered by Umarketz
UMarketz offers trading tools, including an economic calendar, technical analysis, online academy, Forex cross rates, and real-time charts.
The economic calendar reminds you of the industry’s significant events with a notification.
UMarketz has a special section dedicated to technical analysis since it is crucial before investing.
The online academy trains people to combine advanced techniques and tricks into trading since the structure has changed with new technologies, like artificial intelligence. Beginners also learn about trading basics. You can also find all the questions revolving around traders’ minds.
Forex cross rates
In the section, the current market rates of currency pairs are placed.
This section helps users deliver rich and current data of assets. If the graph line goes down, investors should prevent infusing cash on the instruments to prevent them from becoming market crash victims.
Umarketz Deposit/Withdrawal Methods and Fees
You can use debit cards, credit cards, or bank transfers to fund your investment account on the Umarketz. Besides, other payment channels are available such as UPay. It has become widespread among online traders. It would help if you did research and choose your preferred payment method. Also, bear in mind that the broker has a stringent policy about transactions. 3rd parties will not be able to make the deposits and transactions on your behalf.
No matter which banking option you select, you will always receive an automatic message in your email for every deposit or withdrawal you make. Monitor these emails, and you will always be able to keep track of your finances.
If you choose to trade on Umarketz, you can enjoy low commissions and spreads (0.1 pips). Besides, you will be free from any deposit or withdrawal fees for every transaction you make. Moreover, there are no hidden fees involved. Read the terms and conditions. All charges are mentioned there.
Umarketz Account Types
All clients can start trading with the Umarketz demo account. However, if you want to trade with real money, the broker offers several types of accounts. There are three Umarketz trading accounts.
The minimum deposit here is just €250. This account is suitable for beginners who are starting to learn about the trading world. Since the funding limit is low, it offers limited services. The features provided with the beginner account include access to top assets, free daily market research reports, and online live webinars.
The minimum deposit to unlock the intermediate account is €5,000. Besides the facilities mentioned above, you can also enjoy services like a dedicated account manager, 1:1 unlimited live sessions, an online academy, and unlimited access to an expert adviser.
The expert account funding starts with €20,000. In addition to the intermediate account services, it also offers complete access to the live trading room.
Opening an Account at Umarketz
Privacy is vital for the company. Upon registration, it does not ask you for any additional information except for basic data about you. Users will have to fill their names, phone number, country of residence and their email address.
Education and Training at Umarketz
Another great advantage the broker offers is the education it provides exclusively. Suppose you want to get a piece of proper knowledge and train yourself as a trader. In that case, Umarketz provides educational videos about using different tools, understanding the market scenarios, and advice on how to mold your career towards success. The broker also provides an eBook.
UMarketz helps its users to develop their experience in trading rather than giving them recommendations directly. It provides an overview of the expected index of CFD traders and earnings to the users. It also issues short commentaries daily to give an overview of development that can affect its users’ assets.
Umarketz’s customer experience shows that if an investor suddenly runs into trouble, there is a chance to get immediate help from technical support. The customer support service is available 24 hours a day.
If you have a query, it will be solved on time thanks to the dedication of the hard-working staff members. The financial experts and support agents are very professional people and let you enjoy the trading to its fullest.
You can contact the specialists by phone, email, online system chat, or even via Skype.
Umarketz Review – Final Thoughts: Is it a Scam or Is It Legit?
The company treats its customers with respect. If you have doubts about the company’s work, you can always see the opinions and experiences of Umarketz on various websites.
UMarketz satisfies legitimacy because it is registered as an international company for Saint Vincent and Grenadines’ business. Therefore, it is an entirely legitimized Brokerage firm.
Any trader can earn a great deal of money – all you have to do is be in the race and fight for the highest trade volume! Sounds tempting, but starting off, you only need to top up your account with Umarketz’s minimum deposit and then start trading daily.