What is UMO Markets?
Broker overviewUMO Markets is an ECN / STP forex broker founded in 2019 and based in Hong Kong. It offers forex currencies, cryptocurrency, commodities, indices, stocks, bonds, futures on MT5 For Desktop, MT5 For Android, MT5 for iOS.
UMO Markets is regulated by St. Vincent & the Grenadines as an Business Company with the registration number 25600 BC 2019.. Its listed office is 15F, Hillier Commercial Building 65-67, Bonham Strand East, Sheung Wan Hong Kong.
This review explains what you actually get: how safe the broker is, what trading costs look like, how deposits and withdrawals work, what the UMO Markets bonus offers, and who the broker suits best.
- ✓Regulated since 2019 by St. Vincent & the Grenadines as an Business Company with the registration number 25600 BC 2019., with segregated client funds.
- $Cost to start: $10 minimum deposit and spreads from Spreads From 0.2 Pips.
- ⚡Flexible trading: leverage up to 1:300, hedging, scalping and news trading allowed.
- %Bonus: Yes, no no-deposit bonus.
Our short verdict
UMO Markets stands out for its St. Vincent & the Grenadines as an Business Company with the registration number 25600 BC 2019. licence, a very low $10 minimum deposit and tight spreads from Spreads From 0.2 Pips. The main thing to watch: no no-deposit bonus.
More about UMO Markets
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Is UMO Markets safe and regulated?
UMO Markets is supervised by 1 authority. Our listing shows these licences:
| Regulator | Region | What it means for you |
|---|---|---|
| St. Vincent & the Grenadines as an Business Company with the registration number 25600 BC 2019. | — | Licence listed for this broker. |
Client money is held in segregated accounts, separate from the company's own funds. Before you sign up, check which UMO Markets company will hold your account, because protection levels can differ between regions.
UMO Markets account types and trading conditions
These are the main trading conditions listed for UMO Markets. It offers Islamic, mini, VIP, managed accounts.
| Feature | UMO Markets |
|---|---|
| Minimum deposit | $10 |
| Minimum spreads | Spreads From 0.2 Pips |
| Max leverage | 1:300 |
| Execution | ECN / STP |
| VIP accounts | Yes |
| Mini accounts | Yes |
| Swap-free (Islamic) | Yes |
| Managed accounts | Yes |
| Free demo account | Yes |
| Strategies allowed | Hedging, scalping, news trading |
UMO Markets trading platforms
UMO Markets supports MT5 For Desktop, MT5 For Android, MT5 for iOS. MetaTrader 5 adds more timeframes and better access to stocks and other non-forex markets.
Web and mobile trading
Web trading: Yes. Mobile trading: Yes. Markets available: Forex Currencies, Cryptocurrency, Commodities, Indices, Stocks, Bonds, Futures. The website is available in English, Indonesian, Malay, Thai.
UMO Markets deposit and withdrawal methods
UMO Markets accepts these deposit methods:
- Mastercard/Visa
- Neteller
- Skrill
- Bank Transfer
Withdrawals use the same methods as deposits.
Accounts can be held in USD, JPY, EUR, GBP. Choosing the currency you deposit in avoids conversion fees. Your account must be verified (ID and proof of address) before the first withdrawal.
UMO Markets bonus and promotions
These are the promotions listed for UMO Markets:
UMO Markets's welcome offer for new clients. Check the broker's terms for trading volume and withdrawal conditions.
UMO Markets no deposit bonus: UMO Markets does not offer a no deposit bonus. See our up-to-date list of forex no deposit bonus offers. Every offer has volume and time conditions, so read the terms first.
UMO Markets pros and cons
Pros
- Regulated by St. Vincent & the Grenadines as an Business Company with the registration number 25600 BC 2019. (since 2019)
- Very low $10 minimum deposit
- Spreads from Spreads From 0.2 Pips
- MT5 trading
- Hedging and scalping allowed
- News trading allowed
- Islamic, mini, VIP, managed accounts
Cons
- No no-deposit bonus
- Trading terms can differ by region and group entity
- CFD trading carries a high risk of losing money
How to open an UMO Markets account
- RegisterClick "Visit Broker" and fill in your name, email, country and password.
- Verify your profileUpload a passport or ID card and a recent utility bill or bank statement.
- Choose an accountPick the account type, base currency and leverage that suit you.
- Fund and claim the bonusDeposit from $10 and opt in to the promotion if your region qualifies.
- Start tradingLog in to MT5. Practise first on a free demo account.
UMO Markets customer support and contact
These are the contact details we have on file for UMO Markets:
UMO Markets review FAQ
Is UMO Markets a regulated broker?
What is the UMO Markets minimum deposit?
Does UMO Markets offer a no deposit bonus?
What is the maximum leverage at UMO Markets?
Which platforms does UMO Markets support?
Is UMO Markets good for beginners?
Final verdict: should you trade with UMO Markets?
UMO Markets scores 4.1 out of 5 in our review. Its strongest points are its St. Vincent & the Grenadines as an Business Company with the registration number 25600 BC 2019. licence, a very low $10 minimum deposit and tight spreads from Spreads From 0.2 Pips. Keep in mind: no no-deposit bonus; trading terms can differ by region and group entity.
If your main goal is a free no-deposit bonus, UMO Markets is not the right fit. Compare it with other options on our best forex brokers page before deciding.