umarkets Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-02 16:07

Abstract：Umarkets, registered in the Marshall Islands in 2017, is unregulated. It supports four types of accounts, allowing for the registration of both demo and Islamic accounts with leverage up to 1:200 via the XCritical online platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as 500 USD.

umarkets Review Summary
Founded	2017
Registered Country/Region	Marshall Islands
Regulation	Unregulated
Market Instruments	Shares, Indices, Commodities, Forex, Cryptos
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:200
EUR/USD Spread	From 1.6 pips
Trading Platform	XCritical online platform
Min Deposit	$500
Customer Support	24/5 support
	Tel: +442037697631, +442080773052, +442037697601
	Email: support@umarkets.net, customers@umarkets.net
	Skype: umarkets.com
	Address: Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands
Restricted Region	The United Kingdom of Great Britain

　　Umarkets, registered in the Marshall Islands in 2017, is unregulated. It supports four types of accounts, allowing for the registration of both demo and Islamic accounts with leverage up to 1:200 via the XCritical online platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as 500 USD.

Pros and Cons

Pros	Cons
Various market instruments	UK clients are not accepted
Support demo and Islamic accounts	Unregulated status
Multiple account types	No MT4/5
Mini account offered	High minimum deposit
No deposit fees	Unknown payment methods

Is umarkets Legit?

　　No, umarkets is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on umarkets?

Tradable Instruments	Supported
Shares	✔
Indices	✔
Commodities	✔
Forex	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

Account Type	Min Deposit	Min Trading Size
Mini	$500	$10,000
Standard	$5,000
Gold	$50,000
Platinum	$35,000	$150,000

Leverage

　　umarkets offers leverage up to 1:500, which can potentially bring high returns, but it also comes with high risks.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
XCritical Online Platform	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders