Umarkets broker review

Umarkets broker review

Regulated in providing financial trading across the globe, Umarkets offers both retail and big-time traders an array of tradable assets including forex, shares, cryptocurrency, commodities, and indices. It utilizes up-to-date trading tools and dependable trading platforms. 

This Umarkets review will give traders an insightful idea to maximize the advantages of Umarkets broker and live their possibilities. It will also bust Umarkets scam and fraud-related claims associated with it. 

Grasping the Umarkets overview will help traders understand how Umarkets aids and eases their trading experience as they discover its competitive trading offerings that will keep them abreast in the international trade.

Umarkets Background

Umarkets is one of the emerging forces to reckon with in the online financial trading industry. Founded in 2014, Umarkets caters to private investors as well as corporations including banks, hedge funds, etc.

It started operating in the European region and expanded its services to the Asian region and Latin America. Umarkets established partnerships with several major banks in Europe and Asia including HSBC, the biggest financial institution in the European Union.

 Umarkets Trading Accounts and Conditions

Umarkets’ forex trading offering is one of its patented services as it features a commission-free trading. It showcases a wide option of currency pairs. It has a pip calculator to make it easy for traders to calculate the currency pair value.

Umarkets offers Islamic forex accounts which are also known as swap-free forex accounts. These accounts are basically roll-over interest-free accounts as an adherence to the Islamic principle of neither taking nor receiving interest from another party.

Umarkets also offers different spreads depending on the account type. Using the web platform, Umarkets uses a fixed spread while the MT4 platform features a floating spread. 

Trade execution timeframes also vary in different trading platforms. The web platform usually takes 3 minutes while the MT4 terminal may or may not have a timeframe.

Umarkets trading services also include customer support languages such as English, Spanish, and Arabic. Moreover, special perks and benefits await first-time account users. Umarkets’ welcome bonus is gifted to traders upon their first deposit. 

Traders can optimize learning trading and its complexities through its available demo account. 

 Umarkets trading platform and software

Umarkets boasts of its MetaTrader 4 platform as an ideal trading platform for both novice and experienced traders. Its user-friendly interface enables traders to trade profitably with minimum efforts with the help and support of its market analysis tools be it fundamental or technical. The compatibility of the MetaTrader 4 with all internet browsers allows traders to gain easy access to the online financial markets with ease and success.

Aside from its patent MetaTrader, Umarkets software also employs a mobile platform in the form of a mobile app. This mobile app gives trades access to an array of trading instruments and allows on-the-go traders to execute trading activities anytime, anywhere. It is both available on iOS and Android. 

Umarkets broker review

 Umarkets account types

Umarkets broker review

Umarkets offer four account types to be of service to traders of all kinds. 

With $500 dollars, the Mini Forex Account can be enjoyed by traders using their preferred Umarkets trading platforms.  

The Standard Forex Account is the most established account type in Umarkets having the standard lots in trading. Requiring $10,000 as an initial deposit, the Gold Forex Account can take traders to places as trading conditions become more exclusive and advantageous.

The Platinum Forex Account is Umarket’s premium forex account that gives users the best set of trading conditions to achieve their desired trade success.

 Umarkets deposit options 

To safely deposit trading funds, customers can choose to pay via credit card provided by Fairiprises Ltd. and OrangePay. Aside from credit cards, Umarkets deposit can also be made via Wire Transfer, Western Union, QIWI, and Yandex Money.

Umarkets is also offering a unique service of deposit insurance on news trading for account users with deposits amounting from $500 to $5000.

 Umarkets methods of payment

Payments are made more convenient and easier as credit cards, Visa and Master Card and bank transfers are some of the methods clients can choose from. Umarkets methods of payment also feature online systems including Neteller and CashU are also an added option for clients to fund their accounts.

 Umarkets safety

Umarkets’ security of funds is powered by technical and physical measures to protect all its data systems. It utilizes firewalls and Secure Sockets Layer (SSL) software to secure all information when transmitting. 

 Conclusion

Umarkets’ background speaks volumes about its capability as a forex broker. Umarkets’ safe, offered online trading services are almost at par with the formidable online brokers for forex and other securities. As a regulated broker, Umarkets is a safe place for traders wanting to trade with convenience and success in the financial markets.