umarkets Forex Broker

umarkets Review SummaryFounded2017Registered Country/RegionMarshall IslandsRegulationUnregulatedMarket InstrumentsShares, Indices, Commodities, Forex, CryptosDemo Account✅Islamic Account✅LeverageUp to 1:200EUR/USD SpreadFrom 1.6 pipsTrading PlatformXCritical online platformMin Deposit$500Customer Support24/5 supportTel: +442037697631, +442080773052, +442037697601Email: support@umarkets.net, customers@umarkets.netSkype: umarkets.comAddress: Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall IslandsRestricted RegionThe United Kingdom of Great Britain Umarkets, registered in the Marshall Islands in 2017, is unregulated. It supports four types of accounts, allowing for the registration of both demo and Islamic accounts with leverage up to 1:200 via the XCritical online platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as 500 USD.Pros and ConsPros Cons Various market instrumentsUK clients are not acceptedSupport demo and Islamic accountsUnregulated statusMultiple account typesNo MT4/5Mini account offeredHigh minimum depositNo deposit feesUnknown payment methodsIs umarkets Legit? No, umarkets is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on umarkets?Tradable Instruments Supported Shares✔Indices✔Commodities✔Forex✔Cryptos✔Bonds❌Options❌ETFs❌Account TypeAccount TypeMin DepositMin Trading SizeMini$500$10,000Standard$5,000Gold$50,000Platinum$35,000$150,000Leverage umarkets offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.Trading PlatformTrading PlatformSupported Available Devices Suitable for XCritical Online Platform✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Umarkets claims to charge no deposit fees, but it doesn't openly reveal accepted payment methods on its official website.