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  Overview of great forex brokers: UMarkets

The high level of competition in the global financial market for many traders can be a serious obstacle in choosing a reliable trading platform that meets their needs. On the one hand, it is quite logical to register an account on a platform that has been providing financial services for more than 5-10 years, has all the necessary licenses and documents from authoritative regulators, and its customers are serious corporations and institutional investors. But, as a rule, such brokers ask for a decent remuneration for their services, but in order to open an account, the future client will have to pay a substantial amount. Not every trader is able to fulfill such conditions. Do not forget that most users have their own list of requirements for companies that trade online. The search for such a company can take a lot of time, while no one guarantees that the chosen broker will honestly fulfill their obligations. In order to help the trader find the appropriate service, and such reviews are created. In this case, it will be a question of UMarkets, a young company that almost from the first days of its creation has attracted the attention of both experienced and novice traders.


Umarkets – forex and CFD broker review


What can UMarkets interest potential customers?

The presented trading floor was registered in 2015 in Belize (management company – Maxi Services Ltd). Today, the broker does not belong to the category of the best participants in the global financial market, but many analysts believe that for this it has the necessary potential.

Security UMarkets

Not one trader will not cooperate with a company that cannot ensure the security of their transactions, personal information and financial assets. The creators of the web resource (represented by the broker) used on UMarkets applications (for mobile devices) and MT4 platform known all over the world. As a result, users had the opportunity to work on the trading platform without fear of intruders, platform failures, using their own or created on the site trading strategies.

In order to increase the security of operations, as well as to protect personal funds and confidentiality of information of users of the site, the administration uses SSL data encryption and modern software.

The service support service is distinguished by high professionalism and high-quality provision of its services. It works around the clock, 5 days a week. Contact service staff can be by phone, using e-mail, Skype, as well as through chat and a special form on the website of the broker.

Who regulates the UMarkets

If you plan to register a login on UMarkets, it means that the following information will certainly interest you.

The activity of the company is controlled by the International Financial Services Commission of the State of Belize. This institution monitors how the broker fulfills its obligations, checks its reports, current financial condition, as well as the presence / absence of customer complaints.

Some sources indicate another regulator – the Association of Russian Banks. But this organization does not perform the functions of the regulator. The broker is its member, on equal rights with other participants of this institution.

Training UMarkets

On the web resource UMarkets provides training materials that will be useful for both beginners and experienced traders. The main directions of the full course of study include: principles of functioning of financial markets, conducting analytical work, studying trading terminals, strategies and psychology.

After studying the general information, traders can learn how to manage risks, for which Autochartist, Stop Loss and the economic calendar are needed. Additionally, the user can use electronic books (forex market, cryptocurrency, CFD, etc.), a glossary or study the service of trading signals.

The demo account posted on UMarkets can be considered as an addition to the theoretical part of the course. With it, you can learn to work on the trading floor without risking your own capital.

Mandatory conditions for users of UMarkets

In the reviews prepared about UMarkets you can find different opinions about the number of trading accounts on the service in question. Some traders claim that all users should work under the same conditions, others are completely satisfied with the existing resource format.

At the moment, on the site you can open 4 types of trading accounts:

● Mini (deposit from $ 500). Most suitable for beginners with no work experience.

● Standard (from $ 5000).

● Gold (from $ 50,000).

● Platinum (from $ 150,000).

It is not difficult to guess that the higher the minimum deposit, the more opportunities a trader gets.

Trading Terms of UMarkets

● Deposit amount – from $ 500.

● Account currency – US dollar.

● Leverage – 1: 400.

● Transaction size – from 0.1.

● Affiliate program – provided.

● Commissions are not provided.

How to deposit or withdraw money UMarkets

According to the reviews prepared about UMarkets, it can be concluded that users are completely satisfied with the methods of depositing / withdrawing funds provided for on the broker’s web resource.

● Credit and debit plastic cards.

● Skrill.

● PayPal.

● Neteller.

● WebMoney.

● Bank transfer.

● VTS.

UMarkets Trading Instruments

To work on this resource, its creators provide their clients with the following types of financial assets: currency pairs, commodities, precious metals, cryptocurrency, stocks, stock indexes, CFD. A wide choice of trading tools attracts many customers, regardless of work experience and other factors.

A detailed analysis of UMarkets shows that this trading platform has all the prerequisites for further development and achieving the level of brokers that are in the category of the best companies in the world. Its strengths can be considered: a large selection of financial assets and methods of depositing / withdrawing funds, highly qualified support service specialists, a simple and understandable website. But the presence of a sufficiently large number of negative reviews – this is the main problem of the broker, which must be addressed in the first place.

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