Top Options
87%/ 100
Type of Broker: Forex
Regulated: IFSC
Min Deposit: 500
Min Trade Amount: $1
US Clients:
Max Trade Amount: 5000
Bonus: Welcome Bonus
Number of Assets: 100
Free Demo Account:
Trading Platform: Web, Mobile
Types of assets: Currencies, Commodities, Indices
Payment METHOD NAME Charge Time
Credit Card 8-10% 3-4 days
Debit card 1-5% 4-5 days
Neteller None 1-2 days
Skrill one 3-4 days

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Full Review

Umarkets.com is an emerging global market leader in financial trading. It is a forex & CFD broker offering online trading in currencies, stocks, CFDs and commodities. Founded in 2014, the broker is owned and controlled by Maxi Services Ltd. The company is headquartered in Belize. The broker is fully authorized and regulated by the International Financial Services Commission (IFSC). The broker accepts clients from all parts of the world. However, due to regulatory issues, it doesn’t accept clients from the US. Considering the security of client’s funds, the broker uses a combination of advanced technical and physical securities to protect all data systems. Funds from the clients are kept in segregated accounts. There are four types of account being offered to clients. The company offers a wide range of deposits and withdrawal methods including but not limited to Skrill, Neteller, Fast bank Transfers, Debit/Credit cards (VISA, MASTERCARD).

Promotions

UMarkets is promoting a 30% welcome bonus campaign on its website. However, the promotion is not available for Mini account holders since it requires a deposit of $5000 at least. Please be informed that it is a limited time offer. The last date to avail this promotion is 30th May, 2017*.

*As per company’s official website i-e www.umarkets.com

Types of Accounts

The company offers four type of accounts to its traders.

Mini Account: The account is recommended for beginners.  The minimum deposit in the account is $500. Low spreads, leverage from 1:100 to 1:400, swap-free accounts and no commission are the features offered in the account.

Standard Account:  This is a standard account offered to traders, requiring them to deposit $5000 to get started. Obviously, it includes more benefits than that of a classic account. Tight spreads, access to all platform features (trade on indexes), more information on auto-chartist with a minimum deal starting at $10000 are the features offered in the account. A welcome bonus of up to 30% is also offered in the account.

Gold Account:  It is a special type of account offered to advance level traders. The minimum amount required to be deposited in the account is $10000. A bonus of up to 30% and privileged services like SMS signals, personal manager, individual direct telephone line, special promotions are offered in addition to all basic services offered in any other account.

Platinum Account: This is the last type of account reserved for VIP traders. The minimum deposit is $35000 plus a welcome bonus of 30% totals up the account balance to $45500. It offers VIP services to the clients that include one-on-one trading sessions, personal reports on the stock market. All other services are the same as offered on all other accounts.

Note: Considering the rights of all stakeholders, the broker also offers an Islamic account with all rules and regulations are being followed according to shariah law. Plus a free practice account is also available for all traders.

Asset Index

Traders can trade following assets at UMarkets:

Stocks: America Movil, Apple, Check Point, Exxon Mobil, Goldman Sachs, Intel, JPMorgan Chase, Las Vegas Sands, McDonalds, Microsoft, Morgan Stanley, Noble Energy, Teva, Turk cell NYSE, Walt Disney, Akbank Turk, Allianz, Banco Santander, Barclays, BBVA, British Petroleum, Daimler AG, Deutsche Bank, E.ON, EDF, France Telecom, GAZPROM, Generali.

Currencies: AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY. The EURUSD, AUDUSD, and USDJPY are available for trading 24 hours of the day.

Commodities: Oil (light sweet crude), silver, copper, gold, platinum, wheat, sugar, coffee

Indices: ASX200, Bombay 30, CAC40, DAX, DAX Futures, Dow Jones, FTSE IT All -Share, FTSE MIB, FTSE100, Hang Seng, IBEX35, IPC, KLSE Futures, Kospi, Nasdaq, Nasdaq100 FuturesTrading Platforms

Types of Trading Platforms

MetaTrader4

Traders at UMarkets can take advantage of several resources and trading tools accessible via the award-winning forex trading platform, the MetaTrader4. The user-friendly intuitive interface of the MT4 platform allows traders to use charting tools, Expert Advisors, technical indicators, real-time quotes, account monitoring and operation management and access to real-time economic news via a feed.

Mobile Trading Platforms

UMarkets traders are not restricted to use MT4 only. The broker ensured that its traders are able to take part in the growing trend of on-the-go forex trading by introducing Mobile Trading platforms for both smartphones and tablets. Now the traders can download the platform on their mobile devices and tablets. The platform is made compatible with android, iOS and windows based devices.

 WebTrader

An online web-based trading platform is also available for the traders who wish to trade directly using the internet without downloading any software. UMarkets has developed a web trader platform that allows traders to trade all the available trading assets, including currencies, CFDs, stocks, commodities, Metals and Indices. The platform doesn’t require traders to download or install it on their PC. The platform can be accessed online from anywhere anytime using a computer connected to the internet.

Deposits/Withdrawals

A wide range of methods for deposits and withdrawals that includes credit/ debit card (Visa, MasterCard), wire transfer, Skrill, and local payment methods. After being approved on the same day, withdrawals are processed within 1-3 working days. To withdraw the amounts, traders only need to log into their account and click on the withdrawal tab. As soon as the withdrawal button is pressed the funds get transferred to the associated bank account.

Customer Support

Businesses with high repute ensure the availability of great customer support. Well versed, professional staff is available to assist traders 24/5. To facilitate traders instantly a live chat feature is offered at the company’s official website. Traders can also contact them via telephone call at +501-223-2099. Email can also be sent at [email protected] An online contact form can also be used to contact them.

Conclusion

We investigated and reviewed “UMarkets” thoroughly and concluded that it is an advanced forex broker with clients from all across the globe. Since the broker is regulated, it is one of the best choices available to traders. Excellent customer support is offered at the broker’s website. A welcome bonus of up to 30% and same day withdrawal approval is the best feature offered by the broker. Its platform is developed after careful research and UMarkets team’s substantial experience in financial markets. It offers all the features needed by both inexperienced and professional traders.