Umarkets: cheating users. broker reviews

Exposure of Fraud, deception of traders.

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 website, information from official sources of information. website - overview 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, 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, which naturally arouses suspicion.

Umarkets overview - brand's legal address

After analyzing the legal address published on the 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

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. 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 review is the study of mentions on the Internet. On the 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

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 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 is a scam.

Account types for Umarkets

On the 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 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 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 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 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, 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 review - demo period

On the 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 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.


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