Umarkets Review - Does It Offer First Deposit Bonus? - WikiFX

WikiFX | 2025-04-27 14:50

Abstract：Umarkets offer a 30% first deposit bonus to attract new traders. However, it should be noted that this company is not regulated.

UmarketsReview Summary
Founded	2022
Registered Country/Region	Marshall Islands
Regulation	No regulation
Market Instruments	Shares, indices, commodities, forex, cryptocurrencies
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	From 1.6 pips
Trading Platform	xCritical
Minimum Deposit	$500
Bonus	✅
Customer Support	Contact form
	Tel: +442037697631; +442080773052; +442037697601
	Email: support@umarkets.vc; customers@umarkets.vc
	Skype: umarkets.com
Regional Restriction	UK

Umarkets was registered in 2022 in Marshall Islands, specializing in shares, indices, commodities, forex, and cryptocurrencies trading. It provides four types of accounts, with a minimum deposit of $500. Besides, promotions are also available. However, it should be noted that this company is not regulated, and potential risks cannot be ignored.

Pros and Cons

Pros	Cons
Diverse tradable assets	Lack of regulation
Demo accounts and Islamic account	Regional restrictions
Multiple channels for customer support	No MT4 or MT5
Promotion and bonus offered	High minimum deposit
Popular payment options
No depositing fees

Is Umarkets Legit?

No, Umarkets is not regulated by financial regulatory authorities in Marshall Islands, which means the company lacks regulation from its registration site. Please be aware of the potential risks!

What Can I Trade on Umarkets?

Umarkets offers different types of products, including shares, indices, commodities, forex, and cryptocurrencies.

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

Account Type

Umarkets provides four types of accounts: Mini Forex Account, Standard Forex Account, Gold Forex Account, and Platinum Forex Account. Besides, demo accounts and Islamic accounts are also available.

Account Type	Minimum Deposit
Mini Forex Account	$500
Standard Forex Account	$5,000
Gold Forex Account	$10,000
Platinum Forex Account	$150,000

Leverage

The leverage can be up to 1:200. Traders need to consider carefully before investing and should bear in mind that high leverage is likely to bring high potential risks.

Umarkets Spreads

Asset	Spread
Asset	Mini	Standard	Silver	Gold	Platinum
EUR/USD	2.5	2	1.7	1.7	1
Aluminium	380	280	280	180	130
Brent Crude Oil	15	12	11	11	10

Trading Platform

Umarkets uses xCritical as its trading platform, and it does not support MT4 or MT5.

Trading Platform	Supported	Available Devices	Suitable for
xCritical	✔	Mobile, web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Umarkets accepts different types of payment options, such as MasterCard, VISA, Neteller, Skrill, OrangePay, AstroPay and so on. It also claims that no depositing fees are charged. However, other details such as the accepted currencies and the processing time are not clear.

Bonus & Promotion

Umarkets holds promoting activities. Traders can receive 30% bonus for their first deposit. Besides, people can also earn bonus by inviting friends.