March 28, 2023

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UMarkets Review

Anyone who wants to start a career in the financial markets would require a broker. Even if you don’t intend to trade full-time and are just looking for a way to supplement your existing income, you still require their services because they will provide you with the platform and other tools that are essential to the process.

Since online trading has drawn the attention of millions of people all over the globe, a large number of companies have been established for offering their services. Nevertheless, you should bear in mind that quantity does not promise quality, which means there is no guarantee that all of the options can be trusted.

You need to proceed with caution and choose a broker that is reliable and capable of offering you the trading services you need. You shouldn’t just select one without doing any research or understanding what they can offer to you. In fact, it is essential to take a close look at their offerings before making your decision or else you may have to look for another company when they are unable to fulfill your needs. One of the choices you will come across is UMarkets, which is based in Belgrade, Serbia.

What does it offer to you? Let’s take a close look:

Asset Index of UMarkets

It is a good idea to begin with the asset offerings of a broker when you decide to assess their capabilities. UMarkets has an extensive range of assets to offer to its clients, as you will be able to trade more than 360 instruments on their trading platform. These belong to different financial markets and the variety allows you to diversify according to your needs. You can trade forex currency pairs, including EUR/USD, USD/JPY, GBP/USD and USD/CHF, amongst other options. There are also indices that can be traded, including prominent ones like FTSE 100, NASDAQ 100 and the S&P 500.

The stock market is also another category that traders can explore on UMarkets, where stocks of companies like Apple, Amazon, Netflix and Fiat can be traded. Commodities including precious metals like gold and silver, agricultural items like wheat, sugar and rice and energies like crude oil. One of the biggest additions that have been made to the asset index is that of cryptocurrencies. You can trade some leading ones like Bitcoin, Litecoin and Ethereum.

Trading Platforms at UMarkets

The next aspect of a brokerage that you need to check out is their trading platform because this is the primary tool you will use for trade execution. UMarkets offers you the 3 trading platforms and they have added the most in-demand platform in the market i.e. the MetaTrader4. It has received the approval of experts and professionals and is a powerful and cutting-edge solution that can be downloaded on your desktop. They have also provided you with the WebTrader, which is simple yet advanced and can be accessed via the browser, eliminating the need for downloading.

Keeping the new trends in mind, UMarkets has also provided their clients with the option of using mobile MT4 apps that are available for Android and iOS and can be downloaded easily. They are great for trading on the move and give you access to your account 24/7.

Account Options at UMarkets

It is also important to know what account options are provided by a broker because this will tell you if they can accommodate your needs or not. UMarkets offers three account choices; Beginner, Intermediate and Expert and the titles indicate exactly who they are for. The deposit requirements start with €250 for Beginner, $5,000 for Intermediate and $20,000 for Expert. The features also vary for every account, including bonus, account manager and access to learning materials and resources.

Along with these, UMarkets offers excellent security, tight spreads, top-notch customer support and detailed educational resources to facilitate all traders.

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