Umarkets Review

Umarkets wants you to deposit as large a sum as possible into your account, but you cannot withdraw, not only what you earn, but even your own money. Do not contact Umarkets! Here, you will lose all your money. And you can't do anything. Everything is thought out to the end!

I realized too late - the Umarkets broker does not really welcome scalper traders, especially if the trading robot works on VPS. I have five robots on the hosting, and when I decided to trade through Umarkets, I did not even imagine that such a problem would emerge. Moreover, on the official website of Umarkets, I did not find information about special conditions for scalpers, but they magically appear when you start using HFT. If I knew that there would be problems, then I would not put $ 1000 on the deposit. In the month of May, the robots opened only seven trades for me and all of them were unprofitable. The broker forbade opening all other trades - either too close to the ask or bid level, or it is impossible to open an order due to slippage, or there is not enough margin to open an order (they, you see, reduce the leverage if the market starts to feel very feverish). Umarkets ruined the whole of May for me on EURUSD, the deposit decreased by 4.5%, in July I had to restore the account and then withdraw the deposit. Perhaps for traders who like to sit for days in anticipation of a long-term trend, Umarkets is ideal, but scalpers are better off trading through less capricious brokers.