Universal Markets is a new offshore Forex broker that is owned and operated by UM Media LLC, 240LLL2020.
Their mailing address is at: Suite 305 Griffith Corporate Center Beachmont, Kingstown, Saint Vincent and Grenadines. They list a contact phone number in Switzerland at: +41 315087419. Their email address is: [email protected] Official website is at: https://www.umarketspro.com/.
For withdrawal issues or broker complaints, read this.
Universal Markets Review
A review of the trading software that Universal Markets offers their investors shows that it is the Sirix web trader, from Leverate. It is available as a web-based version or you can download the mobile apps for Android and Apple devices. During our review we did not find MT4 or MT5 available.
Universal Markets lists a wide variety of underlying assets for CFD trading including; Major and Minor Forex Pairs, Market Indexes, Shares, Commodities, Crypto Currency and Metals. The minimum deposit requirement for a new trading account is typically $250, and this broker accepts deposit via credit card. This broker offers your Bonus Money, which sounds very appealing, but leads to many complaints by new investors who do not understand how it works, read this.
Automated trading robots are very popular now, and that is how we ended up finding this broker. You should know, that most trading apps you received an email about are total scams. If you are interested in using a trading app, look at some popular apps listed here.
Is Universal Markets a Licensed Broker?
No, Universal Markets is not licensed or regulated, and since they list an address of St Vincent and Grenadines, that makes them an offshore broker.
The way a sophisticated investors researches their online broker, is by checking for a valid brokerage firm license. And the reason for that, is in the event that the broker goes out of business, their money is protected by the government. There are many licensed Forex brokers who you can trade with, see here. In the United Kingdom, Forex brokers are licensed and regulated by the FCA, and in Australia by ASIC.
Compare Your Brokers
Smart investors always test drive a couple of Forex CFD brokers, before activating their live trading account.
ForTrade is the fastest growing broker on this website. They are a legal Forex broker, because they are licensed in Canada, Australia and United Kingdom, see here.
Register a Free Demo Account, on their awesome trading platform, signup here.
What was your experience investing at UMarketsPro ? Please share your experience with others, in the comments section below.