Beaware
Our research team find this broker as illegal broker with no regulatory authority
Umarkets
Admin
July 14, 2024
Summary
Umarkets is a forex broker headquartered in Bulgaria and provides a range of tools for online trading. Since its start in 2018 they have emerged as a leading player in the field of online trading. umarkets includes a highly reputable and full-featured trading website that is focused on forex, indices, metals, shares, commodities.Not regulted
Meta Trading Softwares Used
MT4, xCritical OnlineOverall Rating
2.6/5Reviews
Gareth Witbeck
1/5
Scam from the start, took my money cash deposite to bank, i traded on forex money exchange they added xtra money matching with my deposite, when i tried to withdraw they said my money used up only wortless tokens left accouns said it real money . Then when my trades were profitable against the english pound because of brexit, they doubled and trippeled the fees and reduced payout to the fake account, changing the rules, put 2,000 us dollars in got not one cent back. One day when i logged in the trading program was all in russian. Russia is famous for scammers. And they love to scam forigners. I logged out and in again it back in english. I reported it to scam watch australia. 10 yrs ago i still get calls offering to get my scammed money back for additional fees. I say if u know i was scammed it only cuz u did it . Its true the hang up straight away . And they telling other scammer about me and my phone number.
Lawrence Tabije
1/5
Today April 26, 2024 about 3:00 Philippines time I have a running Balance of USD 5,848, Equity of USD 14,701, Margin of USAD 7,750, Free Balance of USD 6,808 and Open P&L of USD 8,613. I have opened 30 "buys" and ranging from positive USD 700.00+ USD 30.00. At 4:00 same date of April 26, 2024 my account become negative USD 120.00 already but I noticed that what I opened USD/JPY continuously on "buy" mode and keep increasing. Really UMARKETS.ID is a "SCAM" THEY DUPED THEIR CLIENTS TO DEPOSIT AND DEPOSIT WITH SO MANY PROMISES OF GOOD RETURN OF INVESTMENT BUT ITS A HOAX. Do not trust and trade with Umarkets.id
Detlef Janke
1.2/5
I have opened an account 3 months ago but changed my mind due to their banking practices. They refuse until today to refund the amount I have placed with the account. The agent "Fabian" is claiming I have to trade first. But I lost any trust. Also because not any of my e-mails requesting clarification has been answered. If anyone has experience how to push them to pay my money back would appreciate your comment.
Juned Khan
1.2/5
Umarkets' consultant first showed good profits on one platform, then advised for another platform promising sure and bigger profits. It happened couple of times, then he asked to deposit more as insurance cover. Despite insurance cover and his repeated assurances, all amount was lost. Later on I refused to invest more. though continued on one platform with a remainder of amount. One day whole of that amount was also lost. I am sure they manipulate the trading and make money by making investors losing the deals. They also restrict the transactions specially withdrawals. In the nut shell, they are cheat and must be punished for their malpractices.
Daniel
1/5
I have subscribed to Umarkets because I believed they were a trusted company, which is not the case. I have requested more than 5 times to cancel my subscription, since I do not have any interest in working with them. I unsubscribed online thru my personal account, however they still hold my personal data and they keep calling me on my mobile phone on a daily basis to offer me online investments. I received a call this morning at 7am!!! This company does not respect the customer's data privacy and they do not respect the customers requests. Do not believe in anything they say!!!
Shivalay Kara
1/5
Fabian is a scammer, (Turkey) He lied and doesn't admit he is wrong and that their website is a hoax Message if you want proof of conversation or details of the fake app. Happy to trash talk it all. Absolutely furious. Don't fall for the bot review!!!!
Casper
1/5
Umarkets took my money yesterday and now refusing to give it back to me as I am not happy with their programme. Their trick is to offer you bonuses and recover them from you without letting you know. You will not get support or guidance and they will keep asking you to add money into your account and they are good at it. DO NOT WASTE YOUR HARD-EARNED MONEY. STAY AWAY FROM THIS UNREGULATED COMPANY. Find a better one.
Abdulkadir
1.1/5
These are 100% scammers. They betrayed me. I deposited with them 17000$ and 3800€ as insurance. When I would be prepared to withdraw my money 💰, they asked me to pay 1300€ separately to the Bank which is 5% of my withdrawal, I paid it. Then my account manager named SAM Matthews, told me that I will receive my money within 5 working days. And he disappeared and another scammer with the same company named Fabian Fontas contacted me to start working with him but I refused and I told him to solve this issue, but he asked me to pay more money to solve the issue. In addition to that, they also scammed 2 of my colleagues. UMARKETS 100% ARE SCAMMERS AND ARE THIEVES. Please stay away from them.
Ray c
1/5
THEY ARE UNREGULATED ,TRY YOUR BEST AND STAY AWAY FROM THEM IN ORDER NOT TO LOSS YOUR HARD EARNED IN COME. I WAS DECEVED BY THEM AND THEY COLLECTED ALL I HAD FRM MY LATE MOTHER INHERITANCE, I WAS ABLE TO GET ALL MY LOSES BACK THROUGH MYCAPI TA LREFU ND.C 0M. PLEASE AVOID THEM FOR GOOD , THEY WILL ONLY TRICK YOU .
SHASHANK SISODIA
1/5
This is not trustworthy company, the scam works like this , they will ask you to register to get a free ebook, you will fill it they will call you and book a appointment on Skype. Agent will never show his face in Skype meeting. He will ask you to login on umarkets. This agent is kind in the beginning later he will keep calling everyday. When I told him I don't want to continue he started to abuse and use nasty words. He even started to write me messages using abusive language. His name was Martin Samoa. I am sure he didn't tell real name. I think its a big scam, avoid this platform
Daniel SánchezN
1.5/5
Just by watching all this last bad reviews I'll stay away from them. Thanks for the bad experience reviews helps people not to be scamed too. I have been scamed on some other investing web sites, so now I look for any red light to stay away.
James wepukhulu
2/5
I am a victim of Umarkets and also a living witness to funds recovery. I am open to share my experience and to also enlighten everyone on how i was able to recover my money from a scam binary options broker. You can reach me jwepukhulu5atgmaildotcom
Kim Panezh
4/5
Recently came to Forex-Market, first tried on a demo account, even knowing that the demo is always and everywhere all good. I decided to take a course before the opening of the real, learned about the bonus newcomer 50%. While I do not regret, anyway, no slippage. Output only once, the whole process took a little less than an hour. Not seeing anything yet direct "wow", but everything is stable and clear.
Sujan Adhikari
1/5
They are the real scammers. I have been followed by floods of calls and when I deposited $1000 to trade finally. However, they robbed me without my consent. They said they would compensate in the beginning of deposit but after they robbed me they did not even care if I was their customer. They are the worst people without any compassion. I request everyone not to trade with them. I would like to complain against these people. Can anyone help me proper legal way to sue them and bring this scammers down? Please help me.
Lim Jason Strafford
1/5
This is another scam trading platform. Avoid them, i was only lucky to recover my deposit from them. Kudos to the guys at techapt 28, com. You can search that name on google for the write website address
Diz
4/5
No, advertising also does not blend something specially. Most likely this is a representative brokeer of a major company. And if not, then a very unreasonable broker. And apparently with the zero budget, so that it is a great official to be so much. We seem to be from the distant past. The more marketing refer to another Agea company. If someone decides to open an account, then only in your fear and risk. Good luck!
Max
4/5
500 bucks is the minimal deposit in UM. It might seem a lot for a novice trader, but if you want you can also get a super wide range of financial assets without any obligatory payments for getting access to three markets at once (stock market, crypto and forex, of course), then UM is a great choice.
Edwin
4/5
Umarkets inspires confidence. I started trading here recently, but I already managed to withdraw my first money. They withdrew it without any problems, even faster than stated in the terms, despite the fact it was the first withdrawal. I recommend trading here!
Sigurd Bager
1/5
I just lost 1043$ be carefully the broker didn't like me so he tricked me when i Should cash out! And in the end don't thrust anybody with more the you can Afford to lose These people are not your friends!
Sathyan Smart
1/5
These are sucking money from others .. They all are cheating ... You can't get your amount back either in profit or your amount... They say all Indian market will work but they won't ... My friend lost his money .... I'll give the proof what they cheated ... Unxmarkets.com
