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Crypto

Broker

Umarkets

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Unproved

Unproved

Umarkets

Founded in :

N/A

2008 (16 Years)

83 Reviews

Please carefully consider your options and choose the service that best meets your needs.

Beware

2.74/5

Provided by TrustFinance

License

0.00

Verification on TrustFinance

0.00

Traffic & Engagement

1.67

Provided by TrustFinance

License

Warning

This broker is currently unregulated. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Both institutions and consumers highly trust the license in grade A. They operate more extended and are more challenging to hold than others. They have strict rules which the company needs to comply with. Just one point was deducted from grade A.

B Grade License

The license in grade B is also trusted, but the difference between them is it will slightly get less complicated than in grade A.

C Grade License

The license in grade C is also safe to rely on, but we recommend that you be careful with your chosen company. You should inspect the company information before investing.

D Grade License

The license in grade D is easily held and has yet to become widespread. If your chosen company holds a license in this grade, you should carefully contemplate it.

License

Warning

This broker is currently unregulated.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

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News

TrustFinance Intelligence Agency

Research date: Thg 08 14, 2024

The Malta Financial Services Authority (MFSA) warns of an unlicensed exchange named UMarkets, operating under the name of Market Solutions Limited. The entity claims to offer FX, commodities, CFDs, and indices, but is not registered or authorized by the MFSA. Several foreign regulatory authorities have also issued warnings against UMarkets and Market Solutions Ltd. Investors are advised to be cautious and only engage with entities authorized by reputable financial services regulators. The MFSA emphasizes the importance of verifying the authorization of entities offering financial services before engaging with them.

The Malta Financial Services Authority (MFSA) warns of an unlicensed exchange named UMarkets, operating under the name of Market Solutions Limited. The entity claims to offer FX, commodities, CFDs, and indices, but is not registered or authorized by the MFSA. Several foreign regulatory authorities have also issued warnings against UMarkets and Market Solutions Ltd. Investors are advised to be cautious and only engage with entities authorized by reputable financial services regulators. The MFSA emphasizes the importance of verifying the authorization of entities offering financial services before engaging with them.

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Reviews

Highlight Review

loroma8335

Direct review

Bad

Overall Thought

I am very frustrated trading with Umarkets broker. Too much requote and slow execution on their platform. The real account prices are manipulated. The price quotes do not seem to match the market. Many times they will be off as many as 2-3 pips. I earn very well from other platforms(benarmstrong-trades) without having these problems. It's very hard to make a deposit, and also hard to make withdrawals. My last withdrawal was processed 28 days later. Their customer services are very rude and unprofessional.

Thg 04 18, 2023

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Umarkets

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