Matthew Chandler 20 / June / 22

Umarkets is cheating honest users. umarkets.biz broker reviews

What is umarkets.biz? Scam, cheating users.

Regularly there are companies selling brokerage services in the Forex financial market. To let traders know who they can trust, our experts reviewed Umarkets operating in the UK.

Our experts have read the official website umarkets.biz, information from available databases.

Official site umarkets.biz - overview

umarkets.biz is a standard website with very little information. We are immediately given the opportunity to familiarize ourselves with the tariffs, register and “start earning”.

Contact information - phone number and address.

There is no information about work experience, existing licenses and official papers, algorithms for cooperation with clients.

In addition, for the review of umarkets.biz, our experts analyzed the information about the domain. It turned out that it exists less than 30 days.

More data can be obtained by registering.

Accordingly, we can safely say that too little information is presented on the umarkets.biz website, which accordingly creates doubts.

Umarkets overview - specified company address

After analyzing the official address published on the umarkets.biz website, our experts found a significant number of references to illegal actions related to scams in the Forex financial market.

Our employees did not reveal any facts indicating that there is an operating company at the specified address published on umarkets.biz.

It is also alarming that the official address of Umarkets is not located in the UK, where the company operates, but in another country.

Umarkets overview - phone

After checking the phone number, our experts found evidence of its use in illegal fraud. Previously, the phone number was also used by scammers pretending to be intermediaries in the Forex financial market.

Umarkets review - reviews from users

An important component of the umarkets.biz review is the analysis of online reviews. On the umarkets.biz website, our experts found a number of similar, fake reviews with fake photos and invented identities.

In the search, the issue showed our specialists a lot of bad reviews and reviews of umarkets.biz.

Mostly, clients write about the impossibility of returning finances, the incomprehensible operation of the software, and the boorish behavior of employees.

Therefore, if you look at the mentions on the Internet, Umarkets are deceivers.

Bonuses for registering an account from umarkets.biz

As a rule, young brands offering services in the Forex market offer new people bonuses for creating an account. Most often, these are various pleasant gifts, namely, consultations of analytics specialists. However, on the official website umarkets.biz and in promotional materials, we found data on bonuses in the amount of the first deposit. You must be aware that these are investments that the broker gives to clients for Forex trading, and not invented coins that do not go beyond the service.

This is very suspicious because with such gifts, the period of receiving income from people is extended, with serious expenses.

Theoretically, we can conclude that the reason is the unusual kindness of umarkets.biz, but in fact everything is much simpler. Investments do not go beyond the scope of the service, since all the activities of Umarkets are a scam.

Account types for Umarkets

On the umarkets.biz website, you can find several types of accounts that differ not only in trading rules, but also in the size of initial deposits. This is a standard technique for motivating users to make significant contributions, to create a more expensive account.

Clients can sell individual expert assistance, insured trades, access to exclusive information. However, all this is manipulation, necessary only to lure funds.

You need to know that no matter how many deposits you transfer, they will go to criminals, since umarkets.biz are scammers.

Leverage

Leverage is a widely used tool for making money on the Forex market, which allows you to make transactions for an amount significantly larger than the user has. The missing money is taken on credit from the broker. Organizations that offer their users the opportunity to make transactions with a large leverage are at great risk, respectively, they give this option only to experienced traders. But Umarkets are criminals, so they use leverage to drive their people into the red and get paid for a fake loan.

Refund Time

Traders trade on Forex to earn money. Of course, this is impossible without receiving money. Therefore, the question arises: "what are the terms for receiving money from umarkets.biz"? On the website, our experts have identified information that the withdrawal of money occurs instantly and without deductions. In fact, even serious, legal Internet brokers do not always give such conditions. What is the setup?

The fact that umarkets.biz are criminals and are not going to provide customers with the ability to withdraw funds. Therefore, umarkets.biz are ready to offer the best working conditions. But all their oaths are lies.

Reviews appeared before Umarkets appeared

As we said earlier, the Umarkets website was created in less than 30 days. However, on well-known sites, you can find reviews that are three months old.

Most likely, umarkets.biz employees paid for fake mentions on well-known portals before the start of fraudulent activities, so that traders get the impression that the brand has been operating for a long time.

Some reviews about umarkets.biz:

Umarkets review - test period

There is no demo access to programs on the umarkets.biz website that allows you to evaluate the quality of paid services.

Umarkets employees want the client to immediately transfer confidential data to them and make the lowest payment.

Umarkets overview - withdrawal of investments

From a formal point of view, the withdrawal of a user's investment occurs through a form on the Umarkets website. It causes concern that the user can use it without a personal account. Therefore, the appeal will be checked manually, which is unrealistic with a serious number of users.

Our experts concluded that this form is only used to demonstrate to future victims the ability to withdraw funds, but it doesn't actually work.


For your peace of mind, we have compiled a complete list of unscrupulous brokers.


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Matthew Chandler
Matthew Chandler
Matthew Chandler 33 years old Born in Edinburgh. Married with one child. Graduate University of Cambridge, Psychology course 2011. Works at Acclaim Studios London.

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