UMarkets
  • Assessment
4.4

Summary

The Forex College has made an assessment of UMarkets for you today and we have concluded in our UMarkets review that it is indeed a recommended broker. You can understand why in this review. You can sign up with UMarkets trading platform in the link below or continue reading to learn all you need to know.

Introduction to UMarkets

UMarkets WebsiteA man can never run out of money who knows how to multiply it. In the busiest life of the 21st century, people have been finding multiple earning platforms through which they can get easy money. In order to fulfill their dreams, most of them are doing business and jobs simultaneously. A broker is a registered trade representative or a foreign investment manager who provides financial management and trading advisory services. One of the perfect examples of such brokers is UMarkets. Being a compiled broker, UMarkets is providing multiple trading platforms like Mobile trader, Web trader, and Meta Trader 4. Each trading platform is having its own perks of trading. Following is the UMarkets review in which you will come to know about the vision of the broker.

Currently, there are 15,721 licensed brokers working in the forex market, but only a few of them are providing the best services to their investors. As this market is purely based on wealth and the exchange of currencies, fraudulent activities and scams are obvious. In most cases, beginners become the target victims of such scams. So, comprehensive research on brokers is mandatory before entering this market. The reason is that many brokers are licensed, but they do not have permits from the regulatory authorities. Some do not provide customer-friendly policies or diverse trading platforms. Only a few of them provide everything on a single platform. Brokers also perform transactions like sales or purchase of stocks in the forex market by charging specific commissions or fees.

Brief Intro to UMarkets

UMarkets provides some exceptional trading instruments to boost your earnings. These objects include cryptocurrency, forex trading, stocks, currency pairs, CFDs, and many others. The more you explore, the more you earn.

UMarkets is also known for another feature as it provides its new clients with bonuses with a validity span of one year. It also has a very minimum withdrawal fee and has its privacy based on AML and KYC’s policies.

Variety of Financial Instruments

UMarkets has facilitated its traders with various options of financial instruments to choose from. These instruments include stocks, indices, forex, cryptocurrency, and commodities like raw material and agricultural products, etc. This has become a major reason for UMarkets popularity among the traders and for its reputation as the global market leader of financial trading.

UMarkets is a well-known versatile broker for traders across the world as it has provided its users with access to over 360 instruments for their financial needs. This has helped traders add multiple assets to their portfolios. UMarkets is a perfect platform for beginners who want to explore the market and need a platform to build their assets.

If you are looking for a safer and faster way to build capital, then you must consider stocks for investment. Stocks tend to change according to the company’s performance and growth; therefore, UMarkets has researchers who collect the information from the most profitable stocks in the market and provide their users with the best investment options.

Cryptocurrency is another way to go with UMarkets for traders looking for high-profit rate investment. In recent research, the study has shown that the growth rate of cryptocurrency is expected to increase up to 30 percent from the year 2019 to 2026, let alone Bitcoin is expected to increase up to $20,000 by the end of this year. Many hedge funds are investing in cryptocurrency, especially Bitcoin, making it more stable for investment with a huge profit rate.

Forex market or foreign exchange is a low-risk investment for people looking for a safer and easier way. Trading dollars is a huge market, and UMarkets is providing an excellent selection of more than 70 pairs of currencies to their users. Some smart ones have invested in Forex trading and multiplying their money through the world’s biggest market. Forex is simply a foreign currency exchange, which means the exchange of one currency for another, usually for trading, commerce, or tourism. According to a recent report published by the “Bank for International Settlements,” the Forex market’s average trading volume is $5.1 trillion per day, which is more than any other market or trading platform in the world. You cannot trade freely in the forex market, but you need a broker for this purpose.

Investment in commodities has been a trend for many years; people invest their money in gold as it has a lesser fluctuation rate, and it is not affected due to the inflation of the currency. Besides this, it’s a stable form of investment with a high-profit range.

Characteristics of UMarkets

Following are the important characteristics of the broker that need to be explained in detail.

Financial Freedom and Time Freedom

Everyone wants time freedom as well as financial freedom these days. There are some of the platforms that are providing either of them, but UMarkets ensures you both. Yes, I am talking about the opportunity to work from home, on your own time and routine set. This brokerage firm not only ensures your time freedom but also facilitates you with an opportunity to work from the fastest trading platform. As far as financial freedom is concerned, UMarkets has developed some amazing trading strategies and multiple platforms through which you can make piles of money.

UMarkets trading platform

Expert Education and Training

Another phenomenal advantage is the provision of expert education. There you can get the training to use the different tools, understand the market trends and mold your career towards success. All you need to do is to watch exclusive and short educational videos and learn the eBook.

Fast Trading Execution

UMarkets is developed for Speed and reliability. In the volatile industry of cryptocurrencies and stocks, the price values of stocks can change quickly. Therefore, the time for execution of trades in the UMarkets is engineered to 0.012 seconds for the customers.

Transparency

Most of the brokerage firms are least successful because of the ambiguity of their Businesses. People are reluctant to invest and trade with them because they cannot risk their Investments. UMarkets takes advance charges or fees to ensure the customer’s clarity of mind. Here you know the exact amount you have to pay from the start.

Investments and withdrawals

Being the simplest and straightforward platform, UMarkets has developed multiple investment and withdrawal options. Deposits can be done by several methods like online banking, credit or debit cards, and transfer through Bank wire.

Distinctive Feature

Some traders get the facility of a unique tool called Autochartist, which helps in manual trading, especially in finding out the trading opportunities. One thing that must be made clear at this point that the availability of this unique feature is not at mini accounts but for the seniors and professional traders. The minimum investment to get this facility is $5000. You can also get more similar exciting and superior services through Meta Trader 4.

Types of Trading Platforms

UMarkets has provided three platforms of trading for their customers. These trading platforms are Web Trader, Mobile Trader, and Meta Trader 4. These help beginners and even experienced level traders with benefits like high profit and multiple assets trading with easy access to the market.

Web Trader

Usually, experienced traders are familiarized with this trading method, but if you are new, here is some basic information that will help you understand it better. It is an innovative online trading platform in which you do not need to download the software to your computers. What you need is to go online and simply make the trade.

Meta Trader 4

If you are looking for a more advanced yet profitable platform for trading, Meta Trader 4 is the best option. It is a multi-asset platform for people who want to invest their money in multiple assets at the same time. MT4 was released in 2005 and was developed by MetaQuotes Software. It was most commonly used for forex exchange. But now, many companies, including UMarkets, have provided their users with this platform to trade forex, CFDs, commodities, and indices quickly and securely. Meta Trader 4 has made its name in the market for its convenient, quick, and secure trading.

Mobile Trader

Mobile Trader is a little different method of trading from that of web trader and meta trader 4. It is a platform provided by UMarkets to its users for convenient trading. This is essentially the easiest and fastest trading form. You can simply download it to your mobile and trade your assets on the go. This allows rapid trade execution of commodities, currency, bonds, and investment funds.

Investing Tools

After investing funds in the trade, everything is done to get the maximum profit from it. As the stock markets have become highly competitive due to high saturation, several tools have been introduced to boost earnings. A beginner cannot get benefit from the trading tools due to a lack of knowledge and training, but professionals and experts always use trading tools to place bets on stocks. The UMarkets also provides some extraordinary trading tools like Forex cross rates, economic calendar, online academic learning, technical and professional analysis, and the web platform.

Forex currency rates are provided for the investors where the current market scenario is presented to invest if the stock rates are expected to go higher or withdraw their money if the price value is expected to fall. The economic calendar gives you information on important events around which the stock market can be affected directly or indirectly. A notification of the event sent by an economic calendar helps you to make an important decision. Online academic learning is basically designed for beginners. They can get online video sessions and train themselves for a professional career in Forex trading. The broker also facilitates its investors to perform technical and professional analysis. Experts and professionals perform technical analysis by reviewing the previous data to predict the stocks’ future price value. The web platform is the most efficient and advanced tool which can provide you 24/7 market access. You can just start by downloading and installing the program, after which you can get all the trading tools in your mobile or iOS and use them at their optimum. Traders also have access to MetaTrader 4 program through which you can perform trading from your mobile device.

Account Types

UMarkets offers its users three different types of accounts. These accounts include beginner, intermediate and expert accounts. Each of these accounts offers a special package with various advantages. The main objective of offering these three accounts is to target each class individually and provide them services accordingly. These generally include lower, middle, and premium classes. We are here to guide you about these accounts so you can choose the best option for yourself.

Beginner Account

This account unlocks with the investment of €250 of funds. As its name indicates, it’s a beginner-level account which is the best option for beginners and low-class investors. This account is great for those people who want to explore the market with little investment and a lower risk of losing money. As the risks in the beginner investment plan are lower, so are the profits and advantages.

This account offers its users access to online webinars, top assets, and daily market research reports. But as compared to intermediate and expert level account, beginner account has limitations in the services it provides.

Intermediate Account

This account unlocks with the investment of €5000 as a fund. It provides its users with facilities like expert advisors and an account manager. This account also offers various services, including unlimited 1:1 live sessions, an online academy, and full access to live trading rooms. The intermediate account is especially great for people with a medium budget.

Expert Account

This account is for premium users, and it starts with funding of €20,000. As you know, nothing great comes with a price, just like that UMarkets offers its premium users the best features in the market. These features include an online academy, market research reports, 1:1 live sessions, a dedicated account manager, and an expert advisor, along with full access to live trading room and top assets.

Education and Research

UMarkets assists its users to develop their experience in trading rather than providing them with recommendations directly. It provides an overview of the upcoming index of CFD traders and earnings to the users. It also publishes short commentaries on a daily basis to provide an overview of development that can impact its users’ assets.

Customer Support

Even though the customer support section is the least used because of the provision of the FAQ portion. Still, traders can get the full advantage of the customer support section 24/5. Several sources of contact are provided for the traders. For example, they can send an email by pressing the help button, or you can call the helping staff directly. Another fastest feature is live chat, which is the most efficient and effective attribute, where you can discuss and get the solution of your queries in seconds. You can access the customer support service whenever you are free because the customer service staff is highly proficient and responsive all the time. Traders are also provided with full guidance and support from the expert team of the brokerage firm. For the sake of proper knowledge and training of the trader, educational videos are provided exclusively through which they can get the training sessions to understand the market scenarios.

UMarkets Customer Support

Privacy Policy of UMarkets

Privacy is the major concern for many people when it comes to online trading. As for the longest time, people’s assets were compromised in cybercrime. Therefore, UMarkets has made sure that there is no violation of their users’ privacy and your dealing is safe and secure.

At the time of registration and account opening, the site will ask you only for general information necessary for the account, and no private data will be required from you. This information is generally your name, phone number, country, and email.

Third-Party Payments

According to the anti-money laundering and regulatory transparency rules, UMarkets does not allow any third party to deposit or take money on behalf of an account holder under any circumstances. And in case of any inconvenience, they have provided their users with a “Contact Us ” bar at the top of the right corner.

Is UMarkets legal?

This is one of the most important questions every investor should ask before the investment of his funds in a firm. So the answer is yes. UMarkets satisfies all the rights of legitimacy because it is registered as an international company for Saint Vincent and Grenadines’ business. Therefore, UMarkets is a completely legitimized Brokerage.

Conclusion

Now that you are fully aware of this site’s functions, you will love the features that it provides to its users, such as different types of accounts, easy payment methods, a variety of trading platforms, and a wide range of financial instruments.

So before you invest your precious money in the wrong place, you need to consider these vital details and then start the setup. No need to hurry; make your decision based on facts. Do your research, make an informed decision according to your financial plans, and calculate the risk you are willing to take.