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umarkets

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ANSWER Umarkets is not a licensed or regulated broker even though it states offers that look good to be true. Umarkets claims it is regulated by the IFMRRC, but IFMRRC does neither issue licenses for forex trading nor regulate any financial derivatives services. What's more, the UK Financial Conduct Authority (FCA) issued a warning that this firm has not been authorized to provide financial services or products. You can check the full warning from here.The truth is, Umarkets is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Umarkets and trade with licensed brokers.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.