BrokAIr Reviews

Umarkets Review

"Umarkets is offering investors an incredibly low trading fee which could be seen as a red flag for inexperienced traders." Is Umarkets too good to be true?

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Umarkets Review: Overview of the Online Brokerage

Umarkets is an online brokerage firm founded in 2016. It is regulated by the Financial Services Authority (FSA) and is a member of the Financial Commission, an independent dispute resolution organization. Umarkets offers access to Forex and CFDs trading for more than 100 financial instruments. It has a wide range of trading platforms including proprietary web-based and mobile platforms.

Pros & Cons of Umarkets

Founders & History of Umarkets

Umarkets was founded in 2016 by a team of experienced industry veterans. The company is headquartered in St. Vincent and the Grenadines and regulated by the Financial Services Authority (FSA). Umarkets is also a member of the Financial Commission, an independent dispute resolution organization. The company offers access to more than 100 financial instruments through its proprietary web-based and mobile trading platforms.

Public Opinion & Newsworthy Events Around Umarkets

Umarkets has generally received positive reviews from traders, with some noting that it offers good customer service, competitive spreads, and fast execution times. However, some users have reported that the spreads are a bit high compared to other brokers, and there is no stock or ETF trading available. In 2020, Umarkets was awarded the “Best Trading Platform” at the International Finance Awards. In 2021, Umarkets was also featured in a number of news outlets, including Finance Magnates, Forbes, and Investing.com.