Umarkets is a scam of honest people. umarkets.biz scam reviews
By The Forex Review - 20 / June / 22 1130
Dominick Bell
Companies providing intermediary services in Forex are constantly emerging. To let you know who you can trust, we made a review of Umarkets, which offers services in the UK.
Our employees have read the umarkets.biz website, information from official data sources.
Umarkets.biz website - overview
umarkets.biz is a standard web site with minimal information. We are immediately offered to get acquainted with the tariffs, register and “earn”.
Contact details - phone number and address.
Lack of information about work experience, obtained licenses and regulatory papers, cooperation programs with traders.
In addition, for the review of umarkets.biz, we examined the details of the domain name. It turned out that the domain name has been around for less than 30 days.
More information can only be obtained by registering.
Thus, it can be firmly stated that very little data has been published on the umarkets.biz website, which certainly creates concern.
Umarkets.biz overview - company address
After analyzing the address indicated on the umarkets.biz website, our experts have identified a large number of references to illegal fraud, also related to scams in the Forex financial market.
Our experts have not found evidence that a real company is located at the address with umarkets.biz.
It also raises concerns that the official address of Umarkets is located not in the UK, where the organization operates, but in another country.
Umarkets.biz overview - phone
After examining the phone number, our experts have identified evidence of its use in fraudulent activities. Previously, the phone number was also used by scammers pretending to be intermediaries in the Forex market.
Umarkets review - online reviews
An extremely important part of the umarkets.biz review is the study of references on the Internet. On the umarkets.biz website, our experts found several formulaic, false reviews with fake faces and non-existent identities.
In the search, the results showed our experts a large number of negative mentions and reviews of umarkets.biz.
As a rule, traders mention the impossibility of returning investments, the strange operation of programs, and the boorish behavior of employees.
That is, if you look at the mentions on the Internet, Umarkets are scammers.
Bonuses for creating an account from umarkets.biz
Usually, young organizations offering Forex services give registered traders gifts for registration. As a rule, these are various pleasing gifts, for example, analysts' advice. However, on the umarkets.biz website and in promotional materials, our experts found references to bonuses in the amount of the initial deposit. It is necessary to keep in mind that these are investments that an Internet broker provides to clients for earning on Forex, and not some coins that do not go beyond the service.
This is very suspicious due to the fact that with such bonuses the period of receipt of income from the trader is delayed, with significant spending.
We can conclude that the reason is the unusual kindness of umarkets.biz, but in fact everything is much simpler. Investments cannot go beyond the boundaries of the service, since all the work of umarkets.biz is a scam.
Account types for Umarkets
It is possible to find several types of accounts on the official website umarkets.biz, which differ not only in the features of work, but also in the size of the initial deposits. This is a common technique to motivate traders to spend more, to buy a more expensive account.
Traders can be promised individual advice from experts, guaranteed profitable trades, and access to insider information. However, all this is a lie, necessary only to knock out deposits.
You need to know that no matter how much money you invest, they will go to scammers, since umarkets.biz are scammers.
Leverage
Leverage is a standard trading tool on the Forex financial market, which allows you to trade for an amount greater than the client has. The missing deposits are taken on credit from an Internet broker. Companies that offer their clients the opportunity to close deals with high leverage are at serious risk, and therefore allow this option only to skilled traders. But Umarkets are scammers, therefore they use leverage to drive their people into debt and seek repayment of a non-existent loan.
Time to refund
Traders trade Forex to make a profit. Naturally, this is impossible without receiving funds. Therefore, the question arises: "what are the terms for receiving deposits from umarkets.biz"? On the official website, our employees found references to the fact that the withdrawal of investments occurs instantly and without commissions. In practice, even reputable, official brokers do not always provide such conditions. What's the catch?
The fact is that umarkets.biz are scammers and are not going to give people the opportunity to receive deposits. Therefore, Umarkets will promise the best working conditions. But all their promises are lies.
Reviews appeared before Umarkets started working
As our staff has written before, the Umarkets website has been registered for less than thirty days. However, on well-known resources, you can find reviews that are two months old.
Most likely, before the start of the scam, Umarkets employees paid for fake reviews on well-known resources so that users would get the impression that the organization had existed for a long time.
Part of mentions about Umarkets:
- Have you seen free cheese? They are full-fledged swindlers, umarkets.biz guarantee good earnings and excellent conditions, but in the end they will cheat you and run away with all the investments.
- Have you delved into the history of umarkets.biz? It is worth starting to study their history, it will become clear that umarkets.biz are scammers. Do not count on contacting umarkets.biz.
- I thought where to really check the openness of their Umarkets work on the Forex market. umarkets.biz pushed me to work together on wonderful conditions, I was very careful, until I stumbled upon stories, I am sure I will not mess with criminals.
- He pissed away 500 € here, it would seem garbage, however, in any case, a nasty sediment. For some, this is money, my advice to you is not to cooperate with umarkets.biz.
Umarkets review - trial period
There is no trial access to software on the umarkets.biz website, which allows you to understand the level of services provided.
Umarkets managers want the user to immediately give them personal data and pay the minimum payment.
Umarkets overview - financial withdrawal
From a formal point of view, the user's withdrawal of money is carried out using a form on the umarkets.biz website. It makes one doubt that any visitor can use it, without a personal account. Therefore, the appeal will be studied manually, which is unrealistic with a large number of clients.
Our staff have come to the conclusion that this form is only intended to demonstrate to potential victims that it is possible to withdraw money, but in fact it is not.
For your safety, we have compiled a blacklist of brokers.
