Detailed review of the Umarkets brokerage platform: authentic feedback from former clients.
The brokerage platform umarkets.com is a website with an interesting design and informative infographics. Xcritical and MetaTrader4 platforms are provided for trading. Clients have access to an educational center with webinars, articles, and lessons. However, there is a lack of information on the website.
Important Information about Umarkets Company
The main website lacks an “About Us” page, which is disappointing. The only information available pertains to the company’s address and claims of regulating financial structures.
The Financial Services Authority of Saint Vincent and the Grenadines does not take responsibility for the activities of companies outside the island.
The company’s Facebook page lists a phone number with a Moscow area code. After calling this number, we were offered services by a European broker, but no information about the company’s location and documents was provided.
The domain was registered in 2011, but there was no activity until 2015. The website peaked in popularity in 2017-2018, and currently, a decline in activity is observed.
Analysis of the Company’s Educational Center
The learning center contains a lot of materials on various topics, although registration on the website is required to access them.
It is noted that the company positions itself as the author of articles and lessons, but the content is simply copied from the internet without any changes.
The lessons may be useful for beginners, but professionals have nothing to do here due to the lack of analytical information and strategies.
Company’s Customer Policy
According to the information on the company’s website:
– The provision of services may be terminated at the company’s discretion without explanation.
– The right to use the service may be terminated at the company’s request in case of contract violations or other circumstances.
The company reserves the right to make changes to the service policy without explanations.
Reviews about Umarkets Company
The reviews on the website are aimed at attracting clients, but independent sources contain critical comments.
User Vladimir notes discrepancies in information about the company’s domain and phone number. Olga complains about unwanted offers and dishonest actions by employees.
Summary of Umarkets Platform Review
Pros:
– Interactive website.
– Educational center.
Cons:
– Concealment of company information.
– Lack of technical support.
– Decrease in service activity.
– Client agreement unfavorable to clients.
– Negative reputation.
Recommendation
It is not recommended to use the umarkets.com platform due to its questionable reputation and connections with dishonest organizations. The possibilities of refund through legal action are limited.