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UM Capital Review: Unitedmarketscapital.com Forex Scam

UM Capital Review: Unitedmarketscapital.com Forex Scam

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UM Capital (Unitedmarketscapital.com) is another crude CFDs, Crypto Currency, and Forex scam platform stealing from online investors. UMCapital is asserting to offer competitive spreads and best commissions the market has ever seen. Make sure to stay away from this broker or any other who offers insane claims. Stay notified by reading this detailed review in order to stay protected. This review will expose all dirty tricks used by UM CAPITAL.

UM Capital Review

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UM Capital Review:

In order to understand the pain of losing money, you have to know some of these members. Abigail lost over $9,000 with this platform and is wondering what her next move will be. Another member who lost big is John Vulentich who lost over $5,000 in a matter of minutes. Doesn’t UM Capital protect users from making such huge loses. A real broker will offer stop loss services to anyone who signs up. Sadly, UM Capital is a fake broker who has no such intentions.

After landing on their homepage, it’s clear why so many people have fallen for this trap. This is because they have created a compelling website. Their website almost looks real and this is why most users fell for it. By first glance, this homepage looks real and as a genuine trading platform. And this is what these scam artists are after, a platform which easily entices the eye. Don’t be fooled by the homepage, there’s more than meets the eye. Continue reading to find out!

About UM Capital

PM INVEST Consult LTD is the company claiming to be behind this platform. According to the disclaimer at the footer of the homepage, this company claims to be based in Bulgaria. After contacting the registrar of companies, no such name popped up. This means we are dealing with a broker who offers fake trading signals. UM Capital is operating under false pretense which is an offense by itself. This is why every online investor must be made aware of UM Capital.

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Who is the actual owner of this platform or the company behind it? There’s no actual information of anyone who is running this platform. And this makes UMCAPITAL a dangerous platform due to its anonymous nature. No investor should ever sign up with an anonymous platform. There’s a good reason this broker fails to give out their real names. UM Capital  simply doesn’t want to face any backlash from authorities and victims. Now you know why they remain anonymous.

Is UM Capital Licensed?

A good reason why this broker claims to be registered in Bulgaria is to fool users they are based in EU. After all, EU brokers are dully registered and follow strict set regulations and guides. In order to test whether this broker is dully registered, we contacted a few regulatory bodies. None of the regulatory bodies we contacted have any knowledge of this platform. From CySEC, FCA, and NFA which means we are dealing with an unlicensed entity. Stay away from this broker.

A true and well licensed broker will easily post details of their registration. Why hasn’t UM Capital posted copies of their license and registration documents? This is proof we are dealing with a scam platform. Lack of these vital documents is proof we are dealing with a rogue broker. Whoever deposits money with this broker is not protected by the set laws. After all, you are depositing funds with an unknown third party. Watch out for similar scams like this one.

Account Funding

When it comes to depositing funds, this broker has made sure depository channels are well available. Depository channels included in this platform include Maestro, MasterCard, Visa, Bitcoin, Visa, and others. A possible reason why making depositing is easy and fast is trapping many investors at once. Why would anyone sign up with an unknown entity? This beats us. Make sure to stay away from this broker and any other who shares similar characteristics.

When it comes to withdrawing funds with UM Capital, this is where the headache starts. And this is what makes UMCAPITAL a sleazy brokerage firm. Refusing to allow members to withdraw their own funds is tantamount to fraud. Make sure to stay away from this platform and make a better choice. This broker is simply out to line their own pockets with your funds. Don’t be their next potential victim.

UM Capital Broker Review

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Account Types

UM Capital is trapping investors by using six different account types to choose from. These account types include Basic, Bronze, Silver, Gold, Platinum, and Diamond club. These accounts come with a senior account manager and a 24/7 trading feature. Does this mean we are dealing with a broker whose market never close? A broker who offers 24/7 trading is most likely telling lies. How are they doing this when most markets are closed?

Offering insane claims and promises using their account is what scammers do. This is what most people should know about their account types. Once you deposit money, these senior account managers will disappear. Stay away from this broker and ensure to trade safely with original and trusted brokers. Their accounts have the same advantages and features which make us question their goal. Don’t sign up with any broker who offers insane profit margins and fake claims.

Are funds safe with UM Capital?

Your funds will never be safe from a broker who is anonymous and is probably offshore based. How do they even handle funds deposited by members? Why have they failed to inform members the procedure of handling funds? Is it possible users are depositing funds straight to owner’s personal bank account? . Make sure to stay away from this broker and sign up with regular and honest brokers.

Segregation of accounts is not done by this broker. This means we are dealing with a broker who is pooling funds in one account. In case this platform faces insolvency, all funds will be lost. This is why signing up with this broker should not cross your mind. Another disturbing feature with this broker is openly breaking set rules.This means whoever signs up should not expect any compensation.

Is UM Capital a Scam?

Evidence we produced clearly reveal there’s something sinister going on with this platform. Whoever signs up with this platform should be made aware if what to expect, a lousy time! Mark all their emails as Spam and never click on any links sent by this broker. Ignore calls from their call agents as they are simply gathering your personal details. We are afraid this broker is in league with identity hackers.

UM Capital Bottom Line

UM Capital Forex Review

With this broker turning out to be a real pain in the neck we have to protect our readers. This is why we have to add this broker to our scam blacklist. This will prompt relevant authorities to take a look and shut down this website. Warn your family and friends from signing up with this broker today.

For a guaranteed safe trading experience, sign up with industry approved and authentic experts. With a professional by your side, trading will become comfortable and easy. Sign up with genuine and trusted Forex brokers at all times. This is your time to make money with Forex trading robots at all times.

Lastly, we wish you all the best in your Forex trading experience.

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