BrokersView
Sign In
English

Umarkets

Save

Operating status: SCAM

Website: https://umarkets.ai/

Broker violations and abnormal records
  • 2020-07-30 The FCA Added Umarkets to Its Warnings
    On 31 July 2020, the FCA released a warning that Umarkets has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/umarkets
  • 2022-02-27 BrokersView has reviewed that Umarkets is an unregulated forex broker
    Umarkets claims it is regulated by the IFMRRC, but IFMRRC does not regulate any financial derivatives services. So Umarkets is actually not regulated by any regulators.What's more, the FCA issued a warning that this firm has not been authorized to provide financial services or products...
    See more

Related Complaints

Q&A

Is Umarkets a safe trading broker?

Raja
Luxembourg
2022-06-10
ANSWER Umarkets is not a licensed or regulated broker even though it states offers that look good to be true. Umarkets claims it is regulated by the IFMRRC, but IFMRRC does neither issue licenses for forex trading nor regulate any financial derivatives services. What's more, the UK Financial Conduct Authority (FCA) issued a warning that this firm has not been authorized to provide financial services or products. You can check the full warning from here.The truth is, Umarkets is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Umarkets and trade with licensed brokers.
See more

Overall Score

0.0
0 Reviews
Be the first to review.
Rate and Review

Overall Rating

Cost

Platforms

Deposit & Withdrawal

Customer Support

Your review

Download on the

App Store

Download on the

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.