Umarkets
Umarkets relaunched in the Marshall Islands as an unregulated broker offering traders three trading platforms, services by Autochartist, and maximum leverage of 1:200. The minimum deposit is a high $500, and trading costs are expensive. I conducted an in-depth review to evaluate if traders should trust this broker and if the XCritical trading platform warrants the requested high minimum deposit. Should you trade at Umarkets?
Umarkets relaunched in the Marshall Islands as an unregulated broker offering traders three trading platforms, services by Autochartist, and maximum leverage of 1:200. The minimum deposit is a high $500, and trading costs are expensive. I conducted an in-depth review to evaluate if traders should trust this broker and if the XCritical trading platform warrants the requested high minimum deposit. Should you trade at Umarkets?
Broker Details
- Headquarters
- Belize
- Established
- 2010
- Min Deposit
- None
- Execution
- ECN/STP
- Regulators
- FSC Belize
Platform & Features
- Trading Platforms
- MetaTrader 4, Web-based
Pros
- Regulated
- Demo and Islamic Accounts
- Selection of Bonuses
Cons
- Little Educational Material
- Only One Standard Account
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