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Kristian Wright 16 / June / 22

Umarkets honest reviews - umarkets.biz SCAMMERS!


Umarkets review. Scam, cheating users.
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From time to time there are firms offering intermediary services in the Forex market. In order for you to understand who you can trust, our specialists made an overview of Umarkets, which offers services in the UK.

Our employees have analyzed the umarkets.biz website, information from official sources of information.

Site umarkets.biz - overview

umarkets.biz is a normal web site with minimal data. A potential client is immediately given the opportunity to get acquainted with the tariffs, register and “start earning”.

Contact details - telephone number and legal address.

No data found about work experience, valid contracts and certified documents, ways of cooperation with the user.

Also, for the review of umarkets.biz, our experts studied the data about the domain. We found that the domain name was registered for less than thirty days.

More information can actually be obtained by registering.

Accordingly, we can confidently assert that the umarkets.biz website contains very little information, which certainly creates suspicion.

Umarkets.biz overview - organization address

Having studied the legal address indicated on the umarkets.biz website, our experts found a large number of references to fraudulent activities, including those related to Forex fraud.

Our employees did not find confirmation that the official address published on umarkets.biz is a legitimate company.

It also raises concerns that the legal address of Umarkets is located not in the UK, where the organization operates, but in another country.

Umarkets.biz overview - phone number

After examining the phone number, our staff found evidence of its use in shady activities. Previously, the phone number was also used by scammers trying to pose as Forex brokers.

Umarkets review - reviews

A very important part of the umarkets.biz review is the study of reviews on the Internet. On the official website umarkets.biz, we found a small number of standard, false reviews with fake photos and non-existent personalities.

In the search engines, the results showed our experts a large number of negative reviews and reviews of umarkets.biz.

As a rule, traders write about the impossibility of returning finances, the poor performance of software, and the repulsive behavior of employees.

Therefore, judging by the reviews on the Internet, Umarkets are scammers.

Gifts for account registration from Umarkets

Usually, start-up Forex brands offer freebies to newly registered traders for creating an account. As a rule, these are various positive trifles, for example, recommendations from analysts. And yet, on the official website of Umarkets and in advertising, we found information about gifts in the amount of the initial deposit. It must be kept in mind that these are investments that the broker provides to users for working in the Forex financial market, and not some coins that do not go beyond the service.

This is very suspicious due to the fact that with such gifts, the time to receive profit from the trader is delayed, at a significant cost.

Theoretically, you might think that the reason is the amazing kindness of umarkets.biz, but in fact, everything is much simpler. Money can't get out of the system, because the whole operation of umarkets.biz is a scam.

Account types for umarkets.biz

On the official website of umarkets.biz, you can actually find many types of accounts that differ not only in trading rules, but also in the size of the minimum deposits. This is a common technique for pushing people to spend more, get a premium account.

Traders can be offered individual assistance from specialists, guaranteed profitable trades, access to exclusive information. However, this is all a scam, only needed to lure out deposits.

You need to know that no matter how much money you invest, it will go to criminals, since umarkets.biz are scammers.

Leverage

Leverage is a widespread tool for making money on the Forex financial market, which allows you to trade for an amount significantly larger than the trader has. The missing deposits are dealt with by the broker. Companies that offer their people the opportunity to trade with high leverage are taking a serious risk, so they only allow this option to verified players. But Umarkets are scammers, so they use leverage to drive their people into debt and demand payment of a fake debt.

Deposit return time

Users trade on the Forex financial market to earn money. Of course, this is not feasible without investment. Therefore, the question arises: "Does Umarkets have terms for receiving deposits"? On the site, we found information that the withdrawal of investments is carried out without delay and without commissions. In practice, such conditions are not always given even by large, registered brokers. What is the setup?

The fact is that Umarkets are criminals and do not plan to give customers the opportunity to withdraw money. Therefore, Umarkets are ready to promise attractive working conditions. But all their promises are lies.

Reviews were written before Umarkets started working

As our experts reported earlier, the umarkets.biz website has been up and running for less than a month. However, on popular portals, you can find references three months ago.

Most likely, before the start of the scam, Umarkets employees paid for fake reviews on popular resources so that users would get the impression that the company had been around for a long time.

Examples of reviews about Umarkets:

Umarkets review - demo period

On the umarkets.biz website, there is no test access to software that makes it possible to understand the level of services provided.

Umarkets employees want the user to immediately transfer confidential data to them and pay the minimum payment.

Umarkets overview - withdrawal

Theoretically, the withdrawal of a user's investment occurs using a form on the Umarkets website. It is doubtful that a person is able to use it, without a personal account. Accordingly, the application will be considered manually, which is impossible with a large number of users.

Our experts concluded that this form is only intended to show future victims that it is possible to withdraw funds, but in practice this will not work.


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