Umarkets Review 2019

Umarkets Rated 3/5
Umarkets have a low rating. We recommend you look at one of their alternative brokers.
Plus500 matches your criteria. Visit Plus500 now here.

Umarkets Guide

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Umarkets we break down the pros and cons. What Umarkets are able to offer, what countries Umarkets are available in. Who Umarkets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Umarkets

  • Regulated by: Belize International Financial Services Commission (IFSC).
  • Headquarters Country : Belieze
  • Foundation year 2008
  • Min Deposit : 500
  • Used by over 10,000 traders
  • Umarkets is not available in the following countries :
Open Umarkets's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Umarkets

With this review we hope to help you see if Umarkets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Umarkets that will help you get off to a good start in the world of online trading.

Umarkets Review Table of Contents

Umarkets what you should know

Umarkets offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With Umarkets you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with Umarkets platform.

Umarkets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Umarkets safe?

When choosing a broker like Umarkets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 11 years Umarkets have a head office in Belieze.

Umarkets is regulated. This means Umarkets are supervised by and is checked for conduct by the Belize International Financial Services Commission (IFSC). regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Umarkets, this will be honored. If Umarkets violate any regulatory rules their regulated status could be stripped.

Any payments funded to Umarkets accounts by traders are held in a segregated bank account.

For added security Umarkets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Umarkets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Umarkets

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker umarkets XTB Plus500 Pepperstone
Year Established 2008 2002 2008 2010
Head Office Belieze Poland Israel Australia
Regulation Belize International Financial Services Commission (IFSC). Financial Conduct Authority, CySEC, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority,UK and ASIC
Used By 10,000+ 250,000+ 15,500+ 10,000+
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss Yes No No
Learn More Visit Umarkets Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

Umarkets Pros and Cons

What we like about Umarkets

  • Used by over 10,000 traders
  • Established in 2008
  • Regulated by Belize International Financial Services Commission (IFSC).
  • Min. deposit from $500

What we don't like about Umarkets

Umarkets General Fees

  • Umarkets withdrawal fees varies on payment method
  • Umarkets does charge inactivity fees
  • Umarkets does charge deposit fees

Umarkets Commissions

  • Umarkets does charge commission on CFD shares.
Broker umarkets XTB Plus500 Pepperstone
Min Deposit 500 0 100 200
Withdrawl Fees varies varies No No
Inactivity Fees No Yes Yes
Deposit Fees No No No
CFD Commission Fees Yes No Yes

What can you trade with Umarkets?

You can trade a wide variety of instruments with Umarkets over 240 instruments infact.

If you are looking at trading currency pairs Umarkets offer over currency pairs.

Compare Umarkets with XTB and Plus500 below.

Your capital is at risk

Broker umarkets XTB Plus500 Pepperstone
Instruments Available 240 1,500 2,000 100
Platforms MT4 ,Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Umarkets Visit XTB Visit Plus500 Visit Pepperstone
Forex pairs offered 50 100 70
Forex pairs offered 50 100 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs No Yes Yes Yes
Exotic forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Umarkets Visit XTB Visit Plus500 Visit Pepperstone
Commodities Offered 0 21 17 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Umarkets Visit XTB Visit Plus500 Visit Pepperstone
Stocks Offered 1696 1816 0
UK Shares Yes Yes Yes No
US Shares No Yes Yes No
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes No

Trading on Umarkets web platforms and other applications

Umarkets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An Umarkets IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Umarkets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See umarkets's platforms

Umarkets Trading benefits :

  • Allows scalping
  • Offers STP

Umarkets Trading Accounts Offered :

  • Demo account
  • Standard account
  • ECN account
  • Islamic account

Can I try Umarkets before I buy?

Umarkets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Umarkets accept?

Umarkets offer the below funding payment methods. learn more about Umarkets

  • Credit cards
  • Neteller
Broker umarkets XTB Plus500 Pepperstone
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes No Yes

How can I start trading with Umarkets?

When opening a trading account with Umarkets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Umarkets trading platforms here.

Performing trades with Umarkets

Umarkets allow you to execute a minimum of trade of $ 1. This may vary depending on the account you open. Umarkets allow you to execute a maxium trade of $ 5000. As Umarkets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Umarkets

To trade effectively with Umarkets, it's important to get a have a good understanding of the XTB trading tools and the markets.

Umarkets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Umarkets.

Take time to look around the Umarkets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Umarkets

Umarkets support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

Broker umarkets XTB Plus500 Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Umarkets Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning Your capital is at risk Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

What you will need to open an account with Umarkets

As Umarkets is regulated by Belize International Financial Services Commission (IFSC)., every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Umarkets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Umarkets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.umarkets.com/ on 12th August 2018.

Umarkets not quite right?

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UMARKETS Frequently Asked Questions

Can I try Umarkets before I buy?

Umarkets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Umarkets accept?

Umarkets offer the following funding payment methods accept Credit cards, Neteller, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Umarkets?

When opening a trading account with Umarkets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Umarkets trading platforms here.

Is my money safe with Umarkets?

Umarkets is regulated by Belize International Financial Services Commission (IFSC).. One of the most important criteria for traders when choosing a broker like Umarkets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Umarkets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.