Umarkets-Overview of Minimum Deposit, Spreads & Leverage
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 |
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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