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UMDY TRADE

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.umdytrade.com/

Website

Rating Index

Contact

+90 312 518 1699
info@umdytrade.com
https://www.umdytrade.com/
SUITE 305, GRIFFITH CORPORATE CENTRE, BEACHMONT, KINGSTOWN, SAINT VINCENT AND THE GRENADINES

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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UMDY TRADE · Company Summary

Basic Information
Registered Countries Saint Vincent and the Grenadines
Regulation No License
Minimum Deposit N/A
Maximum Leverage 1:500
Minimum Spread N/A
Trading Platform From 0.8 pips
Trading Assets Forex, Stock Indices, Commodities
Payment Methods N/A
Customer Support Email

General Information

UMDY TRADE is an offshore broker registered in Saint Vincent and the Grenadines, providing a series of trading instruments, including Stock Indices, Commodities, and Forex. Due to the lack of sufficient contents on this broker‘s official website, we were struggled to present a comprehensive picture of this broker’ activities.

UMDY TRADE is the trading name of UMDY TRADE LLC, and it is not authorized or regulated by any regulators to support its operation. Here we can see that WikiFX has given it a very low score of 1.19/10. Please be aware of the risk involved.

wikifx-score

Instruments Markets

UMDY TRADE provides limited trading assets, only three classes of trading instruments available, including Forex, Stock Indices, Commodities.

Commissions

Spreads are not disclosed, and commissions from 0.08%, according to UMDY TRADE.

Leverage

When it comes to leverage, UMDY TRADE enables its clients to use the maximum trading leverage up to 1:500, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

The trading platform provided is a piece of missing information on the UMDY TRADE website.

Customer Support

UMDY TRADE is not easily reached and clients with any inquiry or trading-related issues can only get in touch with this broker through an email: info@umdytrade.com.

Company Address: REGISTER ADDRESS : SUITE 305, GRIFFITH CORPORATE CENTRE, BEACHMONT, KINGSTOWN, SAINT VINCENT AND THE GRENADINES

Alternatively, you can also follow this broker on some social media platforms, such as Youtube, Facebook, Instagram, and Twitter.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Generous leverage up to 1:500 No regulation
Lacking of company information
No trading platform information

Frequently Asked Questions

What trading instruments can I trade with on UMDY TRADE

UMDY TRADE offers access to Forex trading, Stock Indices trading, as well as Commodities trading.

What is the minimum deposit required by UMDY TRADE?

The minimum deposit required by UMDY TRADE is not disclosed.

What is the maximum leverage available?

The maximum trading leverage that is available on the UMDY TRADE platform is up to 1:500.

Broker Information

Company Name

UMDY TRADE LLC

Company Abbreviation

UMDY TRADE

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Phone of the company
  • +90 312 518 1699

Twitter

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Facebook

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Instagram

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YouTube

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Company address
  • SUITE 305, GRIFFITH CORPORATE CENTRE, BEACHMONT, KINGSTOWN, SAINT VINCENT AND THE GRENADINES

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • info@umdytrade.com

Company Summary

User Reviews

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User comment

3

Comments

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amir j
more than one year
SCAM!! PLEASE DON'T put your money into this fraud broker, they block you after you deposit and they don't pay you back your own money, please tell everybody that they are SCAM personally I lost my 5,000 Dollars and they're not paying back
2023-01-17 01:44
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0
0
FX1125870032
more than one year
Explaining everything in a clear, concise way so that even a novice like me can understand the process. If I get the chance I will recommend UMDY TRADE to other people.
2022-12-11 11:54
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0
0
月伴影
more than one year
They use fake profits to induce you to make deposits and when you wanted to made a withdrawal, they asked for extra withdrawal fees. They manipulated spreads to make you lose your money. So shameless!!!
2022-12-06 18:57
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0
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