Umarkets is cheating honest users. umarkets.biz scam reviewsJulius Conley 01 / June / 22 Visitors: 366
There are constantly emerging brands offering intermediary services in the Forex market. To let users know who they can trust, our experts have prepared an overview of Umarkets operating in the UK.
Our experts have studied the umarkets.biz website, data from official databases.
Site umarkets.biz - overview
umarkets.biz is an ordinary web site with a minimal amount of information. A potential client is immediately given the opportunity to get acquainted with the tariffs, register and “trade on Forex”.
Contact details - phone number and address.
Lack of information about work experience, valid permits and official documents, programs of work with traders.
In addition, for the review of umarkets.biz, our experts checked the data on the domain name. It turned out that the domain name was registered for less than a month.
More information can be obtained by registering an account.
Accordingly, we can firmly state that very little information is published on the umarkets.biz website, which of course raises doubts.
Umarkets.biz overview - brand's legal address
Having studied the official address indicated on the umarkets.biz website, our experts have identified many publications about fraudulent transactions, including those related to scams in the Forex market.
We did not find any facts indicating that a legitimate company is located at the official address on umarkets.biz.
In addition, it is alarming that the legal address of Umarkets is not located in the UK, where the brand operates, but in another country.
Umarkets.biz overview - phone number
After examining the phone number, our employees found references to its use in fraudulent transactions. Previously, the phone was also used by scammers pretending to be online brokers in the Forex market.
Umarkets review - reviews from users
An important component of the Umarkets review is the analysis of mentions on the Internet. On the umarkets.biz website, our employees have identified a small number of standard, unreliable reviews with fake faces and fictitious names.
In search services, the results showed our specialists a large number of negative mentions and reviews of umarkets.biz.
Mostly, people talk about the lack of the ability to return funds, the strange work of the software, the boorish behavior of employees.
Therefore, judging by the mentions on the Internet, Umarkets are deceivers.
Gifts for creating an account from umarkets.biz
Most often, start-up companies selling Forex services give new clients gifts for registration. Most often, these are some positive little things, such as consultations of analysts. However, on the umarkets.biz website and in advertising, our employees revealed information about bonuses in the amount of the first deposit. You need to understand that this is the money that the online broker gives to clients for trading on Forex, and not invented coins that do not go beyond the service.
This is quite suspicious due to the fact that with such gifts, the time to receive income from the client is delayed, with significant expenses.
In principle, we can assume that the reason is the unusual kindness of umarkets.biz, but in practice everything is much simpler. Money does not go beyond the service, since all Umarkets activities are fraud.
Account types for Umarkets
It is possible to find several types of accounts on the official website of Umarkets, which differ not only in the rules of operation, but also in the size of the minimum deposits. This is a common technique to motivate people to make significant investments, to acquire a more expensive account.
Users can sell personal assistance from analysts, insured trades, access to exclusive information. However, all this is a scam, used only to lure investments.
It should be understood that no matter how much money you invest, it will go to criminals, since umarkets.biz are scammers.
Leverage is a standard trading tool in the Forex financial market, which allows you to conduct transactions for an amount significantly larger than the trader has. The missing deposits are dealt with by the broker. Brands that provide their clients with the opportunity to trade with significant leverage take a serious risk, and therefore only allow this option to experienced traders. But umarkets.biz are criminals, so they use leverage to drive their users into debt and seek payment for a fake loan.
Time to refund
People trade Forex to earn income. Of course, this is impossible without the possibility of withdrawing deposits. Therefore, the question arises: "does umarkets.biz have terms for withdrawing money"? On the official website, our experts have identified references to the fact that the withdrawal of money is made instantly and without deductions. In practice, even large, official online brokers do not always offer such working conditions. What is the setup?
The fact is that umarkets.biz are criminals and are not going to give customers the opportunity to receive funds. Therefore, they are ready to offer the best working conditions. But all their oaths are empty words.
The reviews were written before umarkets.biz appeared
As our experts said earlier, the umarkets.biz website is less than 30 days old. However, on popular resources, you can find reviews two months ago.
Most likely, before the start of the fraud, Umarkets specialists ordered fake reviews on well-known resources so that traders would get the impression that the company had been operating for many months.
Examples of mentions about umarkets.biz:
- Where did you see free cheese? These are full-fledged swindlers, umarkets.biz promise good earnings and excellent conditions, but in the end they will cheat you and then run away with your currency.
- Have you delved into their reviews? If you start to delve into their estimates, it will be clear that they are scammers. Do not try to interact with umarkets.biz.
- I was looking for how to really study the openness of Forex brokerage. The broker offered me cooperation on excellent conditions, and I was very worried until I came across reviews, I definitely don’t want to contact scammers.
- I lost here 200 €, it would seem not much, nevertheless, in any case, an unpleasant aftertaste. For part of the population and this is money, my advice to you is do not mess with this broker.
Umarkets review - trial period
There is no test access to programs on the umarkets.biz website that allows you to understand the level of paid services.
Umarkets employees want the trader to immediately transfer their personal information to them and transfer the smallest payment.
Umarkets review - withdrawal
From a formal point of view, the withdrawal of a trader's money occurs using a form on the Umarkets website. It is feared that a user can use it without a registered account. Therefore, the application will be checked manually, which is unrealistic with a significant number of users.
Our experts concluded that this form was created only to show potential victims that it is possible to withdraw the investment, but in practice this is not the case.
We have compiled a list of brokers, that we recommend avoiding.