UMarkets Review – What Makes it a Good Broker?

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UMarkets Review

In the last few years, the financial markets have attracted a great deal of attention, primarily due to the popularity of cryptocurrencies. Therefore, the markets are now teeming with brokerages that are ready to offer trading services to those who want to try their luck. But, it is important to remember that not all of these companies can be considered good.

There are some shady ones as well, and there have been talks of scams as well, which are quite rampant on the internet. When you decide to dip your toes into this space, you certainly don’t want to end up with the wrong broker.

However, the real dilemma is being able to choose the right one because most people don’t know what to look for. You will come across plenty of options, but how do you decide which one is good? Most people are not aware of this and so, they are unable to make up their mind. Based in Belgrade, UMarkets is a forex and CFD (Contract for Difference) broker, which has a solid reputation in the market. But, what makes it a good one? Check its features below:

Security Measures

The first thing that makes a broker reliable is their security measures. The internet is not exactly safe and when you are trading online, your personal information and your money is at risk. UMarkets is aware of this and they have taken steps to provide a safe trading environment to their clients. They comply with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies, which require traders to provide proof if identity, address and payment in order to use their trading services. They also maintain segregated accounts with leading financial institutions for keeping client deposits safe. Plus, they have implemented state-of-the-art encryption for protecting all sensitive data.

Trading Platforms

The most vital feature of any broker is their trading platform and if it doesn’t deliver the right performance, it can ruin your trading experience. UMarkets hasn’t gone wrong here because they have opted to offer the MT4 (MetaTrader4), one of the most renowned trading platforms in the market. As a matter of fact, they have given their clients room to decide which version of the MT4 they are comfortable with. You will find the desktop client for download, WebTrader to use via the browser and mobile trading apps for Android and iOS to enjoy trading on the go. Not many companies can offer the same level of flexibility.

Signup and Accounts

Another appealing feature of UMarkets is that they have kept their signup process quick and easy for everyone. You only need to complete an online form for registration and this doesn’t take more than a few minutes. There is no approval needed, so you can immediately jump to checking out their account options. There are 3 choices provided for facilitating different categories of trader, which are indicated through the account names. The options are Beginner, Intermediate and Expert, requiring minimum deposits of €250, €5,000 and €20,000, respectively.

Every account offers some additional features and services and UMarkets ensures that traders can find everything they need. A dedicated account manager, access to the Online Academy and the educational resources it offers, sessions with expert advisors, live webinars and market research reports are just a few of the offerings that you will find.

Customer Support

Understanding the fact that traders may have queries or complaints, you will come across proper customer support channels offered by UMarkets. Their agents are available 24/5 and you can decide what channel to use for getting in touch with them. Traders can fill out the online contact form for scheduling a callback, send in an email, or simply give them a call. They are friendly and responsive and will resolve your problem as quickly as possible.

You can also trade more than 360 financial instruments with UMarkets and enjoy excellent and competitive trading conditions, allowing for a profitable experience.