umarkets Spreads, leverage, minimum deposit Revealed
WikiFX | 2025-01-02 16:07Abstract：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 |
Deposit and Withdrawal
Umarkets claims to charge no deposit fees, but it doesn't openly reveal accepted payment methods on its official website.
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