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UM Capital Review - is it scam or safe?

UM Capital Review - is scam or good forex broker?

RATING: 1 / 7 REVIEWS ForexBrokerz UM Capital
UM Capital is an offshore broker. Your money is not safe.


Trading Accounts and Conditions


Trading account Min. deposit Max. leverage Spread
Basic €250 1:200 N/A
Bronze  €5 000 1:200 N/A
Silver  €10 000 1:200 N/A
Gold  €25 000 1:200 N/A
Platinum  N/A 1:200 N/A
Diamond  N/A 1:200 N/A


United Markets Capital (UM Capital) is a Bulgaria-based forex and CFD broker that offers as many as six account types, however it remains unclear how and whether the trading conditions for each of them differ. Apart from their account type and trading conditions, we have serious concerns about this broker and the details will be highlighted below in this review.



UM Capital Advantages


Huge selection of assets

The broker offers trading in wide range of financial instruments, covering various asset classes such as forex, indices, commodities, precious metals, stocks, and some of the most popular cryptocurrencies.


That being said, we always urge our readers to invest only in well-regulated companies. As this is not the case with UM Capital, you’d better select among the brokers from the below link, all of which are reliable and offer trading in a variety of CFDs, including on cryptocurrencies like Bitcoin.


>> Regulated forex brokers offering crypto CFDs <<



Generous leverage

On its website, UM Capital claims to offer leverage up to 1:200 only to professional traders, but when we logged into its platform, we were offered leverage of up to 1:400.  We consider the availability of leverage ratios that high as an advantage, as they will suit all trading styles. However, keep in mind that a higher leverage ratio isn’t always beneficial – it only allows you to take a greater level of risk, which can lead to quick and serious losses.



UM Capital Disadvantages


Not regulated

UM Capital is allegedly a trading name of PM INVEST CONSULT ltd., a company with registered address in Sofia, Bulgaria. CFD providers in Bulgaria have to be licensed by the local Financial Supervision Commission (FSC) or by similar financial authority of any EU Member State. Unfortunately, this is not the case with UM Capital, which means that potential clients of this broker have no assurance whatsoever for the security of their funds.


Furthermore, unregulated brokerages are not authorized to do business on any regulated financial market, such as the EU, Australia, USA, etc. 


Lack of transparent pricing. Ridiculous spreads

The website of UM Capital lacks information on the most important details of its offer - the spreads, and demo accounts are not available either. This is another negative of this broker, as it shows lack of transparency and commitment.


So, we had to open a real account with UM Capital (without depositing any money) in order to log into their platform and see the spreads. In forex, the spreads are measured by the fourth digit, however, this is not the case with this broker. So, the EUR/USD spread is 45 pips, which is ridiculous.



UM Capital `s web platform. Click on the image to view larger



>> Lowest spread forex brokers<<



No access to MetaTrader

Another downside of UM Capital is that the broker does not provide access to the industry leading MetaTrader4 (MT4) platform. Instead, it offers its services on a simple web-based trading platform that lacks many of the advanced features of the popular MT4.


The MT4 is user-friendly, easily customizable, has great charting options, and is especially popular for its automated trading bots (Expert Advisors). This is the reason why most traders know well and enjoy using this trading terminal.


>> Choose a MT4 broker instead <<





We cannot recommend United Markets Capital (UM Capital) for several important reasons. First of all, the broker does not hold a legit license, which means that its clients are open to a number of risks, as most unrefuted financial services providers turn out to be scammers. Second, UM Capital is not transparent with its pricing, but our investigation on the matter revealed that the broker’s spreads are actually ridiculously high.


As usual, our best advice to investors is to deal only with brokerages licensed by reputable financial agencies like CySEC in Cyprus or ASIC in Australia. These companies are subjected to a number of requirements and strict supervision, which provide significant assurance and guarantees to their clients.



>> Trade with a CySEC-regulated broker <<



And finally, here are the highlights of the present review of UM Capital:


Pros Cons
Huge selection of assets No financial regulation
Generous leverage Spreads not disclosed, those on the platform too high
  No access to MT4


Latest news about UM Capital
No news about UM Capital. Check back later.
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Traders` reviews for UM Capital
















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Customer service










I have no option to withdraw

Hello, I lost over 3000 £ in this company, suddenly everything turned out and I made 3.445,000.00 on this platform. pounds and I have no option to withdraw this money Help me please

Arkadiusz Sliwka 11/27/2019

United Markets Capital fake website and scammers

Opened basic account with 500 US. realized it was a big mistake.
Attempted to withdraw funds. Only see message. An agent will contact you.
If they do contact you, it will only be to give excuses.
Your money is locked in trading.
You need to trade for 30 days.
Blah blah blah.... Then your account disappears....
Some of the names, I am sure are all fake, include:
Dean Goodman,, +(44) 203 807 7694
Dean Coleman,, +352 (0) 20 880 721
Philippe Majer,, +352 (0) 20 880 721
Jordan Miller, +352 (0) 28480898
Adam Lax,
Support, +(352) 284 87 449

RB 11/21/2019

No refund for Deposit

I made a mistake and enter my card details on their website to open an account. After seeing that they are not registered with the Financial Conduct Authority, I decided to cancel. They told me I cannot cancel unless I trade for 30 months. This is a breach of the Unfair Contract Terms Act in the UK. After speaking with someone on the phone that was shouting to me unprofessionally, I came to the conclusion this is not a good company to do business with. This company may be fraudulent. I contacted the police and my bank, hoping to get this issue resolved.

T Silcott 11/04/2019

scammed - United Markets Capital

I was never told that I would need to wait 30 days before I could withdraw my EUR250 .... I have now waited to do so and can no longer log into their account and, in thinking I might just have forgotten my password I have not even been able to reset my password - it seems my email address has been disassociated with my money. Thoroughly upset and wish there were some recourse I could follow....

Sydney Australia

Clayton Hairs 10/25/2019

UMC are definately scammers

I studidly got talked into investing 32,000 euros, ($50,000aud), and was told to leave the rest up to them to trade for me.
They claimed I messed with their system,and promptly lost half of my money in minutes. I hadn't.
I was told to invest another $10,000aud to "hedge my bets", to recover the loss.
I said OK, but then changed my mind.
I was greeted with abuse and was told it was not possible to have my remaining 12,000 euros returned to my bank account.
Stay well clear of these minipulating thieves.

Sally burnes 09/23/2019


I had deposited Eu$10,000 but it’s not clearly stated in my account. I couldn’t reach the person which I can get more information. Please help

Kelvin KwokHing Wing 09/14/2019

UM Capital Scammerssssss

Since BTC kingdom has been blacklisted, those thieves change website to UM Capital. They pretend you many things to deal with. They are thieves and liars. Look to their address in Bulgaria, it doesn’t even exist. Al your miney goes to the Russian banks, check the transfers you did and see. Do not deal with them and my advice for you all, do not invest in cryptocurrency, oneday it will fall.

David jacobs 08/21/2019

rip of

they are nothing but robbers lead you on spin a load of bull shit and when you wanna cash in they dont let you and eventually when you do they tell you you lost all your money thiefs

p bottomley 08/20/2019
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