AI Review analysis

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Crypto

Broker

Umarkets

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Unproved

Unproved

Umarkets

Founded in :

N/A

2008 (17 Years)

83 Reviews

Safe

3.36/5

Provided by TrustFinance

Security Information

0.00

Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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Security Information

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Security Information

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

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.