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UM Capitals

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://umcapitals.com/

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Contact

+44 1225417015
support@umcapitals.com
https://umcapitals.com/
1 Canada Square Canary Wharf, London E14 5AB, UK

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

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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UM Capitals · Company Summary

Aspect Information
Company Name UM Capitals
Registered Country/Area United Kingdom
Founded Year 2021
Regulation Unregulated
Minimum Deposit Starter account:$250,others:personalized
Market Instruments Forex,Commodities,Indices,Online Trading
Leverage up to 1:500
Account Types Starter Account,Advanced Account,Expert Account,Fusion Account
Spreads&commissions Spreads:From 0 pips to 2 pips,commissions:form 0 to $7 per lot
Trading Platforms MT4,MT5,web-based platform
Demo Account Available
Customer Support Email:support@umcapitals.com,Phone:+441-302246614
Deposit & Withdrawal Bank transfer,credit/debit card
Educational resource Market calendar

Overview of UM Capitals

UM Capitals, founded in 2021 and based in the United Kingdom, is an unregulated trading platform offering a variety of market instruments including Forex, commodities, indices, and online trading.

The platform provides multiple account types tailored to different trader levels: Starter, Advanced, Expert, and Fusion, with a minimum deposit of $250 for the Starter account and personalized terms for others. UM Capitals offers competitive trading conditions with leverage up to 1:500, spreads ranging from 0 to 2 pips, and commissions from 0 to $7 per lot.

It supports the renowned MT4 and MT5 trading platforms and provides a demo account for practice trading. Customer support is accessible via email at support@umcapitals.com and phone at +441-302246614.

Financial transactions can be made through bank transfers and credit/debit cards. Additionally, the platform offers an educational resource in the form of a market calendar, aiding traders in staying informed about market movements.

Overview of UM Capitals

Is UM Capitals Legit or a Scam?

UM Capitals, based in the United Kingdom and established in 2021, operates as an unregulated trading platform.

This lack of regulation means it does not fall under the oversight of financial regulatory authorities, which could imply greater risks for traders due to potential lesser transparency and fewer protections in place.

Clients should be aware of these risks and exercise caution, especially since regulatory bodies typically enforce standards to protect investors.

Pros and Cons

Pros Cons
Variety of Market Instruments Unregulated Platform
Multiple Account Types Variable Spreads and Commissions
Competitive Trading Conditions Limited Customer Support Channels
Access to MT4 and MT5 Platforms Minimum Deposit for Starter Account
Demo Account Availability Lack of Comprehensive Educational Resources

Pros of UM Capitals:

  1. Variety of Market Instruments: UM Capitals offers a diverse range of trading options including Forex, commodities, indices, and online trading, catering to different investment preferences.

  2. Multiple Account Types: The platform provides various account types (Starter, Advanced, Expert, Fusion), allowing traders to choose one that best fits their experience and trading goals.

  3. Competitive Trading Conditions: With leverage up to 1:500 and spreads starting from as low as 0 pips, UM Capitals offers attractive conditions for traders looking to maximize their trading strategies.

  4. Access to MT4 and MT5 Platforms: The support for popular and advanced trading platforms like MT4 and MT5 enhances the trading experience with robust tools and features.

  5. Demo Account Availability: UM Capitals provides a demo account option, enabling new traders to practice and get familiar with trading without financial risk.

Cons of UM Capitals:

  1. Unregulated Platform: Being unregulated, UM Capitals lacks oversight by financial regulatory bodies, which could lead to higher risks and less protection for traders.

  2. Variable Spreads and Commissions: The platform's spreads and commissions vary, which could be a disadvantage for traders preferring consistent trading costs.

  3. Limited Customer Support Channels: While offering email and phone support, the absence of instant support options like live chat might result in slower response times.

  4. Minimum Deposit for Starter Account: A minimum deposit of $250 for the Starter account might be high for beginners or small-scale traders.

  5. Lack of Comprehensive Educational Resources: Aside from a market calendar, the platform seems to have limited educational materials, which might not adequately support beginner traders' learning needs.

Market Instruments

UM Capitals offers a diverse selection of market instruments, catering to various trading preferences and strategies:

  1. Forex (Foreign Exchange):

    1. Forex trading is a prominent feature of UM Capitals, providing traders the opportunity to trade in various currency pairs. This includes major, minor, and possibly exotic pairs, appealing to those interested in the dynamic and often volatile forex market.

  2. Commodities:

    1. The platform allows trading in a range of commodities. This could include energy commodities like oil and gas, metals such as gold and silver, and possibly agricultural products. Commodity trading is a way for traders to diversify their portfolios and hedge against market volatility.

  3. Indices:

    1. UM Capitals provides access to trading in indices, which represent different segments of the financial markets. This includes major global indices, allowing traders to speculate on or invest in overall market trends and sectors.

  4. Online Trading:

    1. The platform also emphasizes online trading, which likely encompasses a broad range of tradable assets available via their digital platform. This may include various types of derivatives, CFDs (Contracts for Difference), and other financial instruments accessible through the internet.

These market instruments are designed to cater to a wide array of trading styles, from traditional forex and commodities trading to broader opportunities in indices and online trading markets.

Market Instruments

Leverage

At UM Capitals, traders have the flexibility to choose from four distinct account types, each with its own leverage settings to match their trading preferences and experience levels. The Starter Account provides a leverage of up to 1:100, ideal for newcomers or those seeking lower leverage.

The Advanced Account offers increased leverage of up to 1:200, catering to more experienced traders looking for greater market exposure. For seasoned traders, the Expert Account allows for high leverage of up to 1:500, enabling substantial position sizes.

Similarly, the Fusion Account also permits leverage as high as 1:500, providing experienced traders with the opportunity to manage significant trades. Each account type's leverage is designed to accommodate the varying needs and risk tolerances of different traders.

Leverage

Account Types

UM Capitals offers four distinct account types to cater to a range of traders from beginners to seasoned professionals:

  1. Starter Account:

    1. Designed for new traders, the Starter Account requires a minimum deposit of $250 and offers variable spreads from 1.6 pips. This account does not charge any commissions and provides leverage of up to 1:100, with lot sizes ranging from 0.01 to 250.

  2. Advanced Account:

    1. Targeted towards more experienced traders, the Advanced Account has personalized minimum deposit requirements, spreads from 2.0 pips, no commission fees, and leverage of up to 1:200. The lot size availability is the same as the Starter Account.

  3. Expert Account:

    1. Aimed at expert traders, this account type comes with personalized minimum deposits, spreads starting from 0.0 pips, and a commission of $7 per lot for Forex and metals trading. The leverage offered is up to 1:500, with lot sizes ranging from 0.01 to 250.

  4. Fusion Account:

    1. The Fusion Account is tailored for high-volume traders and also features personalized minimum deposits, spreads from 0.0 pips, and a lower commission rate of $5 per lot for Forex and metals. It provides the same high leverage of up to 1:500 and expands the lot size range up to 500.

These account options are designed to accommodate the varied needs and strategies of UM Capitals' clientele, allowing them to select the account that best suits their trading style and experience level. Each account type offers access to the Webtrader platform, ensuring that all traders have access to a consistent trading interface.

Account Type Minimum Deposit Spreads Commissions Leverage
Starter Account $250 From 1.6 pips $0 Up to 1:100
Advanced Account Personalized From 2.0 pips $0 Up to 1:200
Expert Account Personalized From 0.0 pips $7 per lot Up to 1:500
Fusion Account Personalized From 0.0 pips $5 per lot Up to 1:500
Account Types

How to Open an Account?

Opening an account with UM Capitals can be streamlined into the following four steps:

  1. Choose the Account Type:

    1. Begin by selecting the account type that best suits your trading needs and experience level. UM Capitals offers a range of accounts from Starter to Fusion, each with different features and requirements.

  2. Complete the Registration Process:

    1. Visit the UM Capitals website and fill out the registration form with your personal and financial details. Make sure to provide accurate information to ensure a smooth verification process.

  3. Verify Your Account:

    1. You may be required to verify your identity and address by submitting the necessary documents, such as a government-issued ID and a utility bill or bank statement.

  4. Fund Your Account:

    1. Once your account is verified, you can proceed to fund it using the accepted methods. The Starter Account requires a minimum deposit of $250, while other accounts have personalized deposit requirements.

After completing these steps, you'll be ready to start trading on the UM Capitals platform using the advanced tools and features provided by MT4 and MT5 trading platforms.

How to Open an Account?

Spreads & Commissions

UM Capitals offers a competitive range of spreads and commissions across its account types to accommodate the needs of various traders. The Starter Account features spreads starting from 1.6 pips and no commission charges, making it accessible for those new to trading.

The Advanced Account offers spreads from 2.0 pips, also without any commission fees, catering to more experienced traders who can benefit from slightly wider spreads with no additional cost per trade. For those looking for the tightest spreads, the Expert Account provides spreads from as low as 0.0 pips with a commission of $7 per lot, which is appealing to high-volume traders.

The Fusion Account similarly offers spreads from 0.0 pips but with a reduced commission of $5 per lot, optimizing trading costs for those trading Forex and metals. This structure allows traders to select an account type that aligns with their trading strategy and cost preferences.

Spreads & Commissions

Trading Platform

UM Capitals provides traders with a web-based trading platform known as Webtrader. This platform allows traders to access the financial markets directly from their web browsers without the need for downloading or installing any software.

It's designed to offer a convenient and flexible trading experience, with robust features and tools that can be accessed from any computer or device connected to the internet. Webtrader typically includes a range of functionalities such as real-time quotes, advanced charting tools, a suite of technical indicators, and trade execution capabilities.

The platform may also support one-click trading and provide access to trading history, account analytics, and more, ensuring that traders at UM Capitals can manage their trades efficiently and effectively from anywhere at any time.

Trading Platform

Deposit & Withdrawal

UM Capitals facilitates client transactions with options for both deposits and withdrawals through bank transfers and credit/debit cards.

The minimum deposit required to open a Starter Account is $250, which allows accessibility for those who may not be willing to commit a large sum initially. For the Advanced, Expert, and Fusion accounts, the minimum deposit is personalized and may vary depending on the account's specifications and the trader's requirements.

When conducting these transactions, clients should remain cognizant of potential fees and processing times, which can vary depending on their chosen method and financial institutions involved.

It's also important for clients to follow any verification processes set by UM Capitals to secure their transactions and comply with financial regulations.

Deposit & Withdrawal

Customer Support

UM Capitals places a high emphasis on customer support, ensuring that their clients' needs and inquiries are addressed promptly and effectively.

The dedicated support team at UM Capitals is available 24/5, providing assistance throughout the trading week. Clients can reach out for support or with questions via various channels. For immediate assistance or direct inquiries, clients can contact UM Capitals by phone at +44 1225417015.

Additionally, for less urgent matters or detailed inquiries, clients can communicate via email at support@umcapitals.com. The company also offers a contact form on their website where clients can submit their full name, email, subject, phone number, and message.

This multi-channel approach to customer support ensures that clients have access to help whenever they need it, aligning with UM Capitals' commitment to prioritizing their clients' trading experience.

Customer Support

Educational Resources

UM Capitals enhances the trading experience for its clients by providing an educational resource in the form of a market calendar. This tool is invaluable for traders of all levels, offering insights into important market events, economic announcements, and potential market-moving news.

The market calendar helps traders stay informed about upcoming events that could impact their trading strategies, enabling them to make more educated decisions.

By integrating this calendar into their trading routine, UM Capitals' clients can better anticipate market volatility, plan their trades more effectively, and potentially improve their overall trading performance.

This educational resource underscores UM Capitals' commitment to supporting its clients through not only tools for executing trades but also through resources that aid in developing a deeper understanding of the financial markets.

Educational Resources

Conclusion

IIn summary, UM Capitals, a UK-based trading platform established in 2021, offers a range of market instruments with flexible account types and competitive trading conditions.

Despite being unregulated, it provides leverage up to 1:500, spreads from 0 pips, and supports MT4 and MT5 platforms. The platform requires a $250 minimum deposit for the Starter Account and offers various deposit and withdrawal methods, including bank transfers and credit/debit cards.

UM Capitals emphasizes customer support with a 24/5 availability and educational resources like a market calendar, catering to both new and experienced traders. However, its unregulated status warrants cautious consideration from potential clients.

FAQs

Q:Is UM Capitals regulated?

A:No, UM Capitals is an unregulated trading platform, meaning it does not fall under the supervision of any financial regulatory authority.

Q:What is the minimum deposit required to start trading?

A:The minimum deposit for a Starter Account at UM Capitals is $250, while the minimum deposits for Advanced, Expert, and Fusion accounts are personalized.

Q:What types of accounts does UM Capitals offer?

A:UM Capitals offers four account types: Starter, Advanced, Expert, and Fusion, each with different features and requirements.

Q:What trading platforms are available at UM Capitals?

A:UM Capitals supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Q:Does UM Capitals offer a demo account?

A:Yes, UM Capitals provides a demo account for clients to practice trading without risking real money.

Q:How can I contact UM Capitals customer support?

A:UM Capitals customer support can be reached at +44 1225417015 or via email at support@umcapitals.com.

Q:What educational resources does UM Capitals provide?

A:UM Capitals offers a market calendar as an educational resource to help traders stay informed about important market events and economic announcements.

Broker Information

Company Name

UM Capitals

Company Abbreviation

UM Capitals

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 1225417015

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Company address
  • 1 Canada Square Canary Wharf, London E14 5AB, UK

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Customer Service Email Address
  • support@umcapitals.com

Company Summary

User Reviews

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FX1566795049
more than one year
UM Capitals is not the worst, but certainly not the best trading platform out there. The interface is somewhat clunky, making navigation a bit of a hassle. I've experienced occasional delays in order execution, which can be frustrating, especially in fast-paced markets. The range of available assets is decent, but there's room for improvement in terms of diversity.
2023-12-20 22:44
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咱叫、豬堅强
more than one year
Very bad trading experience, always encountered technical issues during login process. UM capital’s customer support staff cannot do anything about this problem. I had that enough, and I suggest that you guys don’t trade with this broker, either.
2023-03-13 11:44
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