In this review, we will describe why UM Capital is a scam that you should avoid at all cost !
Is UM Capital Legit?
Looking at UM Capital website, it shows that they are owned by PM INVEST CONSULT ltd. PM INVEST CONSULT ltd. is located in Bulgaria, a well-known offshore zone and a preferred location for shady brokerage. UM Capital is an unregulated broker. Problem with unregulated brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why UM Capital is a dangerous broker to deal with.
Are Funds Safe with UM Capital ?
With such lack of information and UM Capital being unregulated, funds are not safe. Security of funds is a huge problem with unregulated brokers. A red flag that we noticed is UM Capital is withholding vital information to users.
UM Capital could go bankrupt from one day to another since there are no banking information about this broker.
UM Capital Review: our Conclusion!
UM Capital is an unregulated broker to avoid at all cost. If you have been scammed, check out our ChargeBack process here or get a Free Consultation by a team of expert by clicking here.
UM Capital Scam Review
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Website URL : unitedmarketscapital.com
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Type of Scam : Unregulated Broker (CFDs, Forex)
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Regulation : None
Scammersss, do not deal with them or any company from Bulgaria. They try to convince you that they are based in luxembourg but they are thieves and liars.
Complete and utter frauds. You invest a small amount of money like £500.00 then a broker (all polite and helpful) will call you and increase the amount in your account as a means to impress you. They will then convince you to invest more and more money and you will continue to see gains until eventually the gains you make are lost. They will then come up with some excuse and try to convince you to invest even more money apparently as a means to recover the amount that was lost even if it means borrowing from a friend or a bank (noted that their tone changed and went from polite to more forceful). I refused to invest any more money and now all the investments I made have been lost. Warning to all do not trust them, do not conduct any dealings with them they are thieves and will not deliver any of the promises that they claim.
Adrian, Michael and Vincent was my so called financial advisers. Complete and utter frauds. You invest a small amount of money like £500.00 then a broker (all polite and helpful) will call you and increase the amount in your account as a means to impress you. They will then convince you to invest more and more money and you will continue to see gains until eventually the gains you make are lost. They will then come up with some excuse and try to convince you to invest even more money apparently as a means to recover the amount that was lost even if it means borrowing from a friend or a bank (noted that their tone changed and went from polite to more forceful).