Profile
Umarkets is an offshore forex and CFD broker that has historically targeted retail traders with high leverage, MT4 support, and a range of tradable instruments. Operated by Market Solutions Ltd and registered in Saint Vincent and the Grenadines, the broker has generated controversy due to regulatory warnings and operational opacity. This Umarkets review provides a critical assessment of its status as of 2025, including trading conditions, platforms, and client protections.
Regulation and Security
Umarkets is incorporated under Market Solutions Ltd in Saint Vincent and the Grenadines (SVG), a jurisdiction that does not regulate or license forex brokers. As such, Umarkets is an unregulated offshore broker.
Several financial authorities, including Spain’s CNMV and Italy’s CONSOB, have issued warnings about Umarkets for operating without authorisation. Clients are not protected by compensation schemes, capital adequacy requirements, or negative balance guarantees. Fund safety is not independently assured.
Execution Model
Umarkets does not disclose full details about its execution model. Based on platform behaviour and pricing, it operates as a market maker. There is no public evidence of ECN, STP, or DMA routing. Slippage, requotes, and trade rejections are possible under this model.
No independent execution audits or latency disclosures are provided, and spreads are typically fixed or widened during volatility.
Trading Platforms
Umarkets previously supported the following platforms:
- MetaTrader 4 (MT4): The primary platform with full EA support
- WebTrader: A lightweight browser-based platform with basic charting
- Mobile Apps: Available on iOS and Android
As of 2025, platform access is intermittent due to regional blocks and domain issues. Users report login issues and broken links across various territories.
Supported Markets
Umarkets offers CFD trading in five core asset classes:
- Forex: 50+ pairs including majors, minors, and exotics
- Indices: US, Europe, and Asia benchmarks
- Commodities: Gold, oil, natural gas
- Stocks: US and European company shares (CFD only)
- Cryptocurrencies: BTC, ETH, LTC, XRP (via CFDs)
There is no access to underlying instruments or spot trading. All positions are synthetic contracts settled internally.
Account Types and Trading Conditions
Umarkets has offered tiered account structures, typically including:
- Mini Account: Low minimum deposit, fixed spreads
- Standard Account: Wider market access, lower spreads
- Gold/VIP Accounts: Premium service, educational support
Trading conditions reported by users include:
- Leverage: Up to 1:400 (varies by asset)
- Spreads: Typically fixed, starting from 2 pips
- Commission: Generally included in spreads
- Minimum deposit: From $250
Terms may vary without notice, and there are multiple reports of withdrawal delays and deposit issues.
Retail and Institutional Features
Umarkets markets itself toward retail traders, particularly beginners. Features include:
- Basic economic calendar and market news
- Personal account managers (optional)
- Webinars and strategy guides
There are no institutional tools such as API access, MAM/PAMM services, FIX integration, or custom liquidity solutions.
Client Protection and Transparency
Client protection at Umarkets is minimal due to its offshore status and lack of regulation. Key concerns include:
- No fund segregation requirements
- No negative balance protection
- No compensation fund
- Regulatory warnings in multiple EU jurisdictions
Clients have limited legal recourse in the event of disputes. Transparency regarding pricing, execution, and financials is absent.
Base Currencies, Order Types, and API Access
Supported base currencies include USD, EUR, and GBP. Available order types include:
- Market, limit, stop-loss, take-profit
- Trailing stops and pending orders
There is no access to FIX API, RESTful API, or advanced trading integrations. Automation is possible only through MT4 EAs.
Pros and Cons
- Pros:
- MT4 support for desktop and mobile
- Diversified CFD offering (forex, crypto, indices)
- Simple account structure for beginners
- Cons:
- Unregulated broker with regulatory warnings
- Opaque execution model and pricing
- Reports of delayed withdrawals and poor support
- No institutional features or transparency
Frequently Asked Questions
Is Umarkets a regulated broker?
No. Umarkets is registered offshore in Saint Vincent and the Grenadines and operates without formal regulation.
What platform does Umarkets offer?
Umarkets primarily offers MetaTrader 4 and a proprietary web-based platform, though access may be restricted in some regions.
What is the minimum deposit at Umarkets?
The minimum deposit to open an account is $250 for the entry-level account type.
Are there regulatory warnings against Umarkets?
Yes. Umarkets has been flagged by CNMV, CONSOB, and other authorities for operating without a license.
Does Umarkets offer negative balance protection?
No. As an unregulated broker, Umarkets does not guarantee negative balance protection.
