Umarkets: cheating users. Umarkets scam reviews
Companies providing brokerage services in the Forex financial market appear regularly. To let customers know who they can trust, our experts have prepared a review of Umarkets, which offers services in the UK.
Our employees have reviewed the umarkets.biz website, information from open sources.
Site umarkets.biz - overview
umarkets.biz is a standard web site with minimal data. The visitor is immediately offered to get acquainted with the tariff scale, register a personal account and “trade on Forex”.
Contact details - phone number and legal address.
There is no information about the experience of providing services, available permits and official documents, algorithms for cooperation with the user.
In addition, for the review of umarkets.biz, our experts studied the information about the domain name. We found that it has been registered for less than a month.
More information can be found only in your account.
Because of this, it can be firmly argued that very little information is published on the umarkets.biz website, which of course causes concern.
Umarkets overview - official company address
After analyzing the specified address, written on the umarkets.biz website, our experts found a large number of references to illegal activities, including those related to scams in the Forex market.
Our specialists did not find evidence that there is an official company at the address with umarkets.biz.
It is additionally annoying that the official address of Umarkets is not in the UK, where the company operates, but in another country.
Umarkets.biz overview - phone number
After checking the phone, our experts found evidence of its use in fraudulent activities. Previously, he was also associated with scammers trying to pose as online Forex brokers.
Umarkets review - reviews
An important part of the umarkets.biz review is the study of mentions on the Internet. On the umarkets.biz website, we found several standard, false reviews with fake photos and made up names.
In the search, the results showed us a significant number of negative reviews and reviews from Umarkets.
Mostly, people mention the inability to receive their investments, the poor performance of the service, the boorish behavior of managers.
That is, if you look at the reviews on the Umarkets network, they are scammers.
Gifts for creating an account from Umarkets
Mostly, newly formed Forex firms offer new users bonuses for creating an account. Basically, these are some positive little things, such as advice from experienced analysts. However, on the Umarkets website and in advertisements, we found references to bonuses in the amount of the initial deposit. You need to understand that these are investments that an online broker provides users with for trading on the Forex market, and not some coins that do not go beyond the system.
This is very suspicious due to the fact that with such bonuses, the time for making a profit from a trader is delayed, with significant expenses.
Theoretically, you might think that the reason is the amazing generosity of umarkets.biz, but in fact everything is much simpler. Investments are not withdrawn outside the service, since all Umarkets activities are a scam.
Account types for umarkets.biz
On the Umarkets website, you can actually find many types of accounts that differ not only in the rules of work, but also in the size of the initial deposits. This is a common technique for pushing people into significant investments, buying an expensive type of account.
Clients can be offered individual assistance from experts, guaranteed profitable operations, access to insider information. However, all this is manipulation, necessary only to lure funds.
It should be remembered that no matter how much money you transfer, it will go to the criminals, since umarkets.biz are criminals.
Leverage is a standard Forex trading tool that allows you to conduct transactions for an amount significantly larger than the trader has. The missing investments are taken on credit from an Internet broker. Firms that offer their traders the opportunity to make trades with high leverage take a serious risk, and accordingly provide this option only to proven players. But Umarkets are scammers, so they use leverage to drive their customers into loans and force repayments on a fake loan.
Deposit return time
Traders conduct operations on Forex to earn income. Naturally, this is unrealistic without the possibility of withdrawing funds. So the question arises: "Does Umarkets have terms for receiving deposits"? On the official website, our experts found data that the withdrawal of funds is carried out instantly and without commissions. In practice, even large, legal online brokers do not always provide such conditions. What is the setup?
The fact is that Umarkets are scammers and do not plan to give people the opportunity to receive funds. Therefore, Umarkets are ready to offer attractive conditions. But all their promises are lies.
Reviews appeared before Umarkets started working
As our employees wrote earlier, the umarkets.biz website was created in less than thirty days. However, on well-known portals, you can find references three months ago.
Most likely, Umarkets employees, before launching the scam, ordered fake reviews on popular sites so that users get the feeling that the brand has existed for a long time.
Some reviews about Umarkets:
- Have you met free cheese? These are definitely scammers, umarkets.biz promise good income and excellent conditions, and as a result, they will undress you and run away with your finances.
- Have you studied umarkets.biz history? As soon as you start to delve into their assessments, it becomes obvious that Umarkets are bandits. Do not count on contacting umarkets.biz.
- I was looking for where it is possible to check the honesty of brokerage work in the Forex market. Umarkets pushed me to work together on excellent conditions, and I was very afraid until I found the comments, I'm sure I'm not going to contact Umarkets.
- I blew 100 € here, consider it bullshit, nevertheless, one way or another, a nasty experience. For some, this is loot, my lesson to you is do not cooperate with the Umarkets broker.
- Shortly after registration, I realized that the online service is fictitious, numerous standard elements are not indicated in my account and by eye. The inexperienced are easier to deceive, but I have not been an inexperienced trader for many years.
Umarkets review - trial period
On the umarkets.biz website, there is no trial access to a service that allows you to understand the level of services.
Umarkets employees want the trader to quickly give them their personal data and transfer the smallest payment.
Umarkets overview - financial withdrawal
From a formal point of view, the withdrawal of the user's money occurs using a form on the Umarkets website. It is doubtful that anyone can use it, without an account. Therefore, the appeal will be considered manually, which is unrealistic with a large number of clients.
Our staff concluded that this form is only intended to show future victims the opportunity to receive finance, but in reality this will not work.