Umarkets: cheating users. umarkets.biz broker reviews
From time to time there are firms selling brokerage services in the Forex financial market. In order for customers to know who they can trust, our experts made an overview of Umarkets operating in the UK.
Our employees have examined the umarkets.biz website, information from official sources of information.
Umarkets.biz website - overview
umarkets.biz is a template website with minimal data. The user is immediately given the opportunity to get acquainted with the tariff plan, register and “trade on Forex”.
Contact details - phone number and specified address.
There is no information about work experience, existing contracts and certified documents, ways of cooperation with traders.
In addition, for the review of umarkets.biz, we studied the domain name data. It turned out that the domain name had been registered for less than thirty days.
More information can be obtained in your account.
Because of this, we can confidently assert that very little data is presented on the official website umarkets.biz, which naturally arouses suspicion.
Umarkets overview - brand's legal address
After analyzing the legal address published on the umarkets.biz website, our specialists have identified a significant number of references to fraudulent activities related to fraud in the Forex financial market.
Our employees did not find confirmation that there is a legal organization at the official address published on umarkets.biz.
Additionally, it is annoying that the indicated address of Umarkets is not located in the UK, where the brand offers its services, but in another state.
Umarkets.biz overview - phone
After checking the phone number, our employees found evidence of its use in illegal operations. Previously, he too was associated with criminals posing as online Forex brokers.
Umarkets review - reviews
An extremely important part of the umarkets.biz review is the study of mentions on the Internet. On the umarkets.biz website, our employees found a number of similar, paid reviews with fake faces and non-existent names.
In search services, the results showed our experts a large number of bad mentions and reviews of Umarkets.
Most often, people write about the inability to withdraw funds, the incomprehensible operation of programs, the boorish behavior of employees.
Accordingly, judging by the mentions on the Internet, Umarkets are scammers.
Bonuses for registering an account from umarkets.biz
Basically, start-up companies selling services in the financial Forex market give gifts to registered clients for creating an account. Basically, these are various positive gifts, for example, consultations of analysts. However, on the umarkets.biz website and in promotional materials, we found information about bonuses in the amount of the first deposit. It must be understood that these are investments that the broker provides to users for working on Forex, and not some tokens that do not go beyond the service.
This is quite suspicious because with such gifts, the period of income from people is delayed, with serious spending.
We can conclude that the reason is the extraordinary kindness of Umarkets, but in fact everything is much simpler. Funds do not go beyond the boundaries of the system, since all the work of umarkets.biz is a scam.
Account types for Umarkets
On the umarkets.biz website, you can find several types of accounts that differ not only in working conditions, but also in the size of initial deposits. This is a standard technique for motivating users to make large deposits, purchase a premium account.
Traders can be offered individual assistance from experts, break-even trades, access to exclusive information. But, all this is a hoax, needed only to lure out deposits.
You need to understand that no matter how much investment you invest, they will go to scammers, since umarkets.biz are scammers.
Leverage is a common tool for conducting transactions on the Forex market, which allows you to carry out transactions for an amount greater than the user has. The missing money is borrowed from an Internet broker. Organizations that offer their clients the opportunity to close transactions with a large leverage are at serious risk, and accordingly allow this option only to verified players. But Umarkets are criminals, therefore they use leverage to drive their traders into negative territory and seek repayment of a fake loan.
Deposit return time
Traders conduct operations on the Forex financial market in order to make a profit. Of course, this is unrealistic without the possibility of withdrawing investments. So the question arises: "does umarkets.biz have a deadline for receiving deposits"? On the site, we found information that the withdrawal of funds is carried out without delay and without commissions. In practice, even reputable, registered online brokers do not always give such conditions. What is the setup?
The fact is that umarkets.biz are criminals and do not plan to give traders the opportunity to receive investments. Therefore, they are ready to promise attractive conditions. But all their offers are a lie.
Reviews predate the site
As our experts said earlier, the umarkets.biz website has been up and running for less than a month. However, on well-known portals, you can find reviews that are three months old.
Most likely, the employees of umarkets.biz, before launching the scam, ordered fake reviews on well-known sites so that traders would get the feeling that the brand has existed for many months.
Part of mentions about umarkets.biz:
- Where did you see free cheese? umarkets.biz are definitely scammers, Umarkets guarantee excellent earnings and ideal conditions, but in the end they will cheat you and then run away with your currency.
- Have you checked Umarkets documents? Once you start to study their documents, it will be obvious that they are swindlers. Do not try to cooperate with them.
- I studied how to check the legitimacy of brokerage work in the Forex market. Umarkets offered me a partnership on interesting terms, I was very worried until I found a story, I definitely don’t want to get involved with criminals.
- I spent 200€ here, not much, but still a nasty aftertaste anyway. For some, this is money, my lesson to you is do not mess with Umarkets.
Umarkets review - demo period
On the umarkets.biz website, there is no trial access to software that allows you to evaluate the quality of services.
Umarkets employees want the trader to quickly give them confidential information and transfer the minimum payment.
Umarkets overview - financial withdrawal
From a formal point of view, the withdrawal of a trader's finances is carried out using a form on the official website umarkets.biz. It makes one doubt that the visitor is able to use it without registration. Accordingly, the appeal will be considered manually, which is unrealistic with a large number of traders.
Our staff concluded that this form was created only to demonstrate to potential victims the ability to withdraw investments, but in practice this will not work.