Basic Information
Registered Region 
Marshall Islands
Marshall IslandsOperating Period
2-5 years
Company Name
TS Software Ltd
Customer Service Email Address
support@umarkets.vc
Contact Number
+442037697631
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
umarkets
Marshall Islands
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://umarkets.vc/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Russia 2.77Surpassed 14.00% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+44 2037697631
support@umarkets.vc
https://umarkets.vc/
Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Biz Area
Website
Company Summary
Disclosure
Wiki Q&A
Comment
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Website
umarkets.net
104.21.18.59- 172.67.171.222
Company Summary
| UmarketsReview Summary | |
| Founded | 2022 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Shares, indices, commodities, forex, cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 1.6 pips |
| Trading Platform | xCritical |
| Minimum Deposit | $500 |
| Bonus | ✅ |
| Customer Support | Contact form |
| Tel: +442037697631; +442080773052; +442037697601 | |
| Email: support@umarkets.vc; customers@umarkets.vc | |
| Skype: umarkets.com | |
| Regional Restriction | UK |
Umarkets was registered in 2022 in Marshall Islands, specializing in shares, indices, commodities, forex, and cryptocurrencies trading. It provides four types of accounts, with a minimum deposit of $500. Besides, promotions are also available. However, it should be noted that this company is not regulated, and potential risks cannot be ignored.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Lack of regulation |
| Demo accounts and Islamic account | Regional restrictions |
| Multiple channels for customer support | No MT4 or MT5 |
| Promotion and bonus offered | High minimum deposit |
| Popular payment options | |
| No depositing fees |
Is Umarkets Legit?
No, Umarkets is not regulated by financial regulatory authorities in Marshall Islands, which means the company lacks regulation from its registration site. Please be aware of the potential risks!
What Can I Trade on Umarkets?
Umarkets offers different types of products, including shares, indices, commodities, forex, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Umarkets provides four types of accounts: Mini Forex Account, Standard Forex Account, Gold Forex Account, and Platinum Forex Account. Besides, demo accounts and Islamic accounts are also available.
| Account Type | Minimum Deposit |
| Mini Forex Account | $500 |
| Standard Forex Account | $5,000 |
| Gold Forex Account | $10,000 |
| Platinum Forex Account | $150,000 |
Leverage
The leverage can be up to 1:200. Traders need to consider carefully before investing and should bear in mind that high leverage is likely to bring high potential risks.
Umarkets Spreads
| Asset | Spread | ||||
| Mini | Standard | Silver | Gold | Platinum | |
| EUR/USD | 2.5 | 2 | 1.7 | 1.7 | 1 |
| Aluminium | 380 | 280 | 280 | 180 | 130 |
| Brent Crude Oil | 15 | 12 | 11 | 11 | 10 |
Trading Platform
Umarkets uses xCritical as its trading platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| xCritical | ✔ | Mobile, web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Umarkets accepts different types of payment options, such as MasterCard, VISA, Neteller, Skrill, OrangePay, AstroPay and so on. It also claims that no depositing fees are charged. However, other details such as the accepted currencies and the processing time are not clear.
Bonus & Promotion
Umarkets holds promoting activities. Traders can receive 30% bonus for their first deposit. Besides, people can also earn bonus by inviting friends.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Wiki Q&A
Nagarjuna 
1-2 years
What deposit methods does Umarkets support?
Umarkets accepts a variety of payment methods, including Visa, MasterCard, Neteller, Skrill, and cryptocurrencies. This flexibility is great for me since I prefer using Neteller for fast deposits. I appreciate that there are no deposit fees, which helps me avoid extra costs when funding my account.
Broker Issues
Deposit
Withdrawal
08-05
United States
helpneeded
1-2 years
What trading instruments are available on Umarkets?
Umarkets offers a wide variety of tradable assets, including forex, shares, indices, commodities, cryptocurrencies, and ETFs. I like having access to multiple asset classes, as it allows me to diversify my trades. However, they don’t support CFDs, bonds, or stocks directly, which limits some of my trading options.
Broker Issues
Account
Leverage
Instruments
Platform
08-01
United States
Mansuber007
1-2 years
Can I know the details about Umarkets fees?
Umarkets doesn’t provide specific details about fees upfront, which is concerning. From what I understand, they charge spreads that vary depending on the account type. For example, the EUR/USD spread on the Mini account starts from 2.5 pips, which is relatively wide for me. For tighter spreads, I would need to consider upgrading to a higher-tier account, but I still need to be careful about additional hidden costs.
Broker Issues
Fees and Spreads
06-30
United States
Sergey5
1-2 years
What is the spread at Umarkets?
Umarkets offers floating spreads starting from 2.5 pips on the Mini account for EUR/USD, and the spreads decrease as I upgrade my account. For instance, the Platinum account offers spreads starting from 1.0 pip on EUR/USD. I personally like lower spreads, so I would consider the higher-tier accounts for more competitive rates. However, the spread is still wider than what I might expect from other brokers with tighter spreads.
Broker Issues
Fees and Spreads
06-18
United States
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