Umarkets Company – Review [YOUNG KITCHEN] Customer Reviews

На сегодня брокерские бренды компании Market Solutions LTD, такие, как Umarkets, MaxiCapital, MaxiTrade являются наиболее обсуждаемыми в кругах трейдеров. Многие пользователи убеждены в том, что группа сервисов работает нелегально и намеренно сливает депозиты клиентов, забирая все деньги себе. Как на самом деле действует Umarkets лохотрон, и как не попасться на уловки этих мошенников?

History of the Umarkets brand and legalization of activities

According to the website, the brand is now owned by the company. Prometheus LTD, not Market Solutions LTD. Oddly enough, the current management company ceased to exist 20 years ago—very little information about a corporation with that name is available online. Furthermore, the fact that Umarkets is registered as a broker in the offshore island of Saint Vincent and the Grenadines does not inspire any confidence.

Although managers claim the company’s actual history exceeds 10 years, there is no confirmation of this. The first mentions of fraudsters working at Umarkets appeared only in 2017.

Why you shouldn’t trust Umarkets broker

It’s important to understand that the company’s activities are completely illegal. Although the broker purports to operate in compliance with the Russian Federation Law “On Securities,” it has not received official permission to conduct depository, dealer, or investment activities.

Moreover, negative reviews about Umarkets appear regularly—and this isn’t just bad PR, but a real description of the broker’s scams. The service also has several known#atfp_close_translate_span# shortcomings:

• Newbies are provided with a limited demo account for 14 days, while large brokers offer such an account without limits;
• Umarkets broker often widens spreads and asks to top up the account with an even larger amount to cover losing positions;
• the company may freeze clients’ accounts without reason or explanation;
• The company imposes deposit bonuses that cannot be worked off, and until they are worked off, withdrawals are not available.

Umarkets platform and its tools

According to customer reviews of Umarkets, the main page leaves a generally positive impression – it features analytics and a training center with webinars and descriptions of Forex trading strategies. The broker also provides several calculators, economic forecasts, and other useful information.

Regarding trading platforms, Umarkets’ official website allows you to download MT4 or trade on the xCritical online platform. However, given the broker’s numerous allegations and accusations of fraud, doubts have been raised about whether the company actually offers trades to the market.

Umarkets Broker Accounts: What to Look Out For

Bonuses with impossible conditions aren’t Umarkets’ only selling point. While the platform offers educational and analytical materials, regular market reviews, and trading signals, its trader accounts raise many questions.

With such a high entry threshold and wide spreads, opening an account on this platform is simply unprofitable for a trader. Furthermore, mandatory verification for withdrawals from Umarkets and forced bonuses make working with the broker extremely limited and difficult.