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1.6

Bad

TrustScore 1.5 out of 5

27 reviews

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1.6

All reviews

(27)

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Rated 1 out of 5 stars

They are a fraud

They are a fraud. Here is there strategy:
They will make you start with small amounts and then make you invest big amounts promising you false big money in a short period of time. Once you make the deposit, suddenly their will be a server down. Once you request for the withdrawal they will give you 101 reasons why you cannot withdraw.

Even if you complain to the regulator body, they too are a fake. All you will receive are automated emails.

If you want to save you hard earned money, have nothing to do with these crooks.

September 12, 2022
Unprompted review
Rated 1 out of 5 stars

Terrible overral experience

Terrible overral experience
- Good initial experience with an advisor giving an overall overview of the markets and investment strategies
- After investing an initial small amount of money, started to realise that withdraw operation was manual and depending on approval of umarkets
- Too many changes on the advisor that was assigned to me
Some of them after a few contacts were.not reachable anymore and some left umarkets
- In the end I was not able to withdraw my money. They kept insisting I need to transact. I did that and because of a bad explanation I lost all my money

These finantial platforms need to be trusworthy and unfortunatly, after a few time I realized too late that I could not trust on umarkets

May 26, 2022
Unprompted review
Rated 1 out of 5 stars

BE CAREFUL AND STAY AWAY!

BE CAREFUL AND STAY AWAY!
Umarkets took my money yesterday and now refusing to give it back to me as I am not happy with their programme. Their trick is to offer you bonuses and recover them from you without letting you know. You will not get support or guidance and they will keep asking you to add money into your account and they are good at it. DO NOT WASTE YOUR HARD-EARNED MONEY. STAY AWAY FROM THIS UNREGULATED COMPANY. Find a better one.

February 3, 2022
Unprompted review
Rated 1 out of 5 stars

I joined umarkets with $400 after…

I joined umarkets with $400 after someone by the name of Pierre and Dennis Alan kept calling me saying they had new extrategy and always asking me for more money. In total there were 1000 dollars of deposit, but they call us, open like salt and the money loses its value. What's more, we can't make retirees, they pass it on to other people saying they will solve our problem, but they never do. So they don't talk to me anymore, since the day I tried to withdraw some value 😞! Pierre and Alan Dennis, take care!

September 2, 2021
Unprompted review
Rated 1 out of 5 stars

Never ever trade with Umarkets

A broker by the name of Dylan Morris from Umarkets had originally lost my initial funds of 500$. He then claimed that I transfer 1000$ as there was some sort of promotion or bonus that could recoup my losses and result in some profits. Dylan Morris had made a few good trades but due to indecisive trading and inconsistency he had lost half of the 1000$ within 1 month. Dylan Morris then went on to lend money from Umarkets into my account and again lost nearly all of it and now I have a free balance of 616$ left in my account. I’m trying to withdraw this amount but I am unable to cause I need to make an unspecified “turnover” according to Dylan Morris. I have tried asking him how much exactly but he keeps avoiding the question and as of now he has assigned another person, Adam Smith to “help” me make the “turnover” which is basically just Dylan Morris avoiding my questions and his responsibilities of my money lost due to his reckless, indecisive trading. Another issue is that all my trades were only valid for a total of 3 weeks according to Dylan Morris which is not only illegal but unheard of as well across any trading platform.
Please stay away from this company and Dylan Morris

July 26, 2021
Unprompted review
Rated 1 out of 5 stars

Umarkets' are cheat, never fall a prey to them

Umarkets' consultant first showed good profits on one platform, then advised for another platform promising sure and bigger profits. It happened couple of times, then he asked to deposit more as insurance cover. Despite insurance cover and his repeated assurances, all amount was lost. Later on I refused to invest more. though continued on one platform with a remainder of amount. One day whole of that amount was also lost.
I am sure they manipulate the trading and make money by making investors losing the deals.
They also restrict the transactions specially withdrawals.
In the nut shell, they are cheat and must be punished for their malpractices.
Best regards

June 18, 2021
Unprompted review
Rated 1 out of 5 stars

scam company of the year

scam company..! Don't put your money here. Today one of their accounts manager approached me and talked in a bad way when i asked further information's. All the trust pilot reviews also bad. I have screen shots for further details to review. If anyone need further proof information on he sent emails or chats. you can reach to me. Too bad to see this kind of scam companies.

June 1, 2021
Unprompted review
Rated 1 out of 5 stars

UMARKETS are 100% scammers

UMARKETS are 1010% scammers, Please stay away from them or you will not see again what you deposited with them.
These are 100% scammers. They betrayed me. I deposited with them 17000$ and 3800€ as insurance. When I would be prepared to withdraw my money 💰, they asked me to pay 1300€ separately to the Bank which is 5% of my withdrawal, I paid it. Then my account manager named SAM Matthews, told me that I will receive my money within 5 working days. And he disappeared and another scammer with the same company named Fabian Fontas contacted me to start working with him but I refused and I told him to solve this issue, but he asked me to pay more money to solve the issue. In addition to that, they also scammed 2 of my colleagues. UMARKETS 100% ARE SCAMMERS AND ARE THIEVES. Please stay away from them.

May 21, 2021
Unprompted review
Rated 5 out of 5 stars

I wish I knew there was nothing like…

I wish I knew there was nothing like withdrawal fees before sending my money to this heartless company. Now I lost the money I invested and foolishly sent more. I was angry and depressed, thanks to a friend who introduced me to ThisContacte.mailaddress-( getrefund@ consultant. c○m), and their cyber team tracked my funds.
Never knew I could recover money lost to unregulated brokers. Well,

April 13, 2021
Unprompted review
Rated 1 out of 5 stars

Scam, Disrepsectful Support and constant spamming my phone.

Stay away from this company, they will steal your money. You won't be able to withdraw, all of the other fake reviews on this page is true. The site hardly has any members, so recommend you seek for better alternatives that are bigger and much more established. You can loose your money at any time, the company can get shut down for scamming people, so don't leave them before it's too late. They are also very rude in emails, swearing and being very disrepectful.

April 8, 2021
Unprompted review
Rated 1 out of 5 stars

Very bad

Very bad, don't trust them !!! I thought I was the only one. I have the same problem with trading companies. Everyone disagrees on withdrawals and wants to take more from you. All of my withdrawals have been canceled with various excuses. I never got a dime until I realized they wouldn't want to return my deposit. I kept ringing the doorbell and sent several emails, but I didn't get anything back from them. Another tactic they use is that they keep convincing you to invest more money. Don't fall for it. I was at the hospital diagnosed with Covid-19 and I was unable to pursue the case until I was released. After I left the hospital and contacted my attorney about possible ways to get my money back, I was referred to a litigation company that I will refer to anyone in the same box with that company. Www Recovery-agencyc ,om, they were very effective my money back. Some people are still calling me from Brokerunity to help me get my money back but they are all liars.

Umarkets is a Ponzi program !!!

March 9, 2021
Unprompted review
Rated 1 out of 5 stars

LOST 70KEuro DO NOT TRUST THEM

I LOST 70KEuro! DO NOT TRUST THEM.

It is scam. DO NOT TRUST THEM. I lost all money more than 70KEuro.

I start know this company when i registered for free online trading class. But then, they call me to for 1 hour to familier with the platform. I did open the account with them start 500USD. Then, offer me to have trading consulting. I invested at the certain amount to have consulting (Fabian Fontas). He always ask me for more deposit and come with varous reason such as US election...but he never ask me to open the stock. Then i tried to schedule my withdraw but he always come up with excuse that he put wrong amount 350KUSD rather than 35KUSD as i requested, then ask me to put more deposit and promising that he could reach the target.

Then, when it almost reach target time, another broker (Sam) contacted me told me that he will taking care of my account while Fabian had accident. Then, he ruined all my trading within 2 days from more than 250KUSD to 20KUSD, and then all deal automatically closed due to low equity. I can not contact him. Then, A day later, Fabian come back from and told me why i trust another broker! and only give me 2 choices -Lost all or put more deposit 20KUSD to recover.

He told me that he can contact international bank to check if my deals still open in the market? Then, he reopened the deal that closed. But i cann't active my account unless I put more 20KUSD deposit.

The certificate the UMARKETS has with IFMRRCC is also not rigid. Even the weblink that Fabain gave me is also made by them. The contact link is not available.

Since i notices, Fabian avoid contact me by text to have evidence. Only wants to call via skype. His number and contact number in the website is not reachable. Only put you on a waiting list but never pick up.

I contact Belgium Financial Services and Markets Authority (FSMA), they also told the same that it is Umarkets is scam and has received many claims from victims.

February 16, 2021
Unprompted review
Rated 1 out of 5 stars

DON'T TRUST THIS SITE!!

DON'T TRUST THIS SITE!!! Because of Fabian cost me 20.000€ because of his lies!!! Very bad for this world even earthquakes happend because of lies!

December 31, 2020
Unprompted review
Rated 1 out of 5 stars

Run!

If I could chose no stars, I would have chosen it. Somehow I have been ignoring all the signs for what scam this is and end up stripped with big amount of money. They just want your money, will promise you everything until it comes time to withdraw, then the show ends. Never contact them, never allow them to control anything trough Anydesk on your computer. Never give them any money!

November 6, 2020
Unprompted review
Rated 1 out of 5 stars

Same scam company with different domain

This is the same scam company as UMARKETS.COM.
they have changed their domain.
They always ask you to put money. they sell you insurance, they promise everything.
They stole 20000 usd from me. I traded and made a profit of 38000 USD. they never let me withdraw my money. And by promising to me to be able to withdraw I had to trade something they told me to trade. With that trade he made me lose all my money in 1hour.
SCAM SCAM SCAM. Don't trust this company.

September 6, 2020
Unprompted review
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