Website URL: https://unitedmarketscapital.com/
Deposit Methods: credit and debit cards, Bitcoin
Minimum Deposit: $250
Free Demo Account: no
Types of Assets: stocks, Forex, cryptocurrencies
Not only is this company not regulated, but it is also listed as possible dangerous on the most reputable regulatory websites, including Financial Conduct Authority (FCA) and the Financial Service and Markets Authority (FSMA). Namely, these regulatory bodies are claiming that the company does not have any licencing information. This is particularly suspicious considering that they claim to be providing services in the UK. However, digging deeper we found that United Markets Capital is actually based in Bulgaria, and it does not have any type of licence. Therefore, it would be impossible for them to operate in the UK.
The United Markets Capital is not regulated, which means that they also cannot follow with the latest advantages and innovations in the trading industry. That is evident in many areas of the website, particularly their trading platform. This platform is web-based and is lacking many features that could be used to improve your experience, as well as protect your data and your funds.
In addition, the platform takes ages to load, which is quite discouraging, to say the least. In today’s fast-paced trading environment this is a major downside, not to mention that the clients will most likely just move on to other, more suitable and faster platforms.
When it comes to the assets, there isn’t a particularly great choice of them for trading. The leverage is at 1:30 which is the European standard, but they also promise a ridiculous 1:200 leverage for premium clients, which is highly unlikely to go in your favour.
At the United Market Capitals, there are 6 different account types you can choose from. The basic one requires a deposit of $250, while the gold one can be yours with a deposit of $25.000. However, the gold account is not even the highest one. Rather, there are two more above it – Platinum and Diamond Club. If you wish to find out more about them, sorry to break it to you, but these accounts are restricted. You cannot find out anything useful about them, which is quite discouraging.
The educational section at this website is quite promising and detailed, to our surprise. There are different levels of educational tools and instruments that will be introduced to you as you progress. This part is fully optimized for both first-time visitors and pro traders, which shows their dedication, at least in this area. Education is key when it comes to trading, since things are changing, evolving, and new things are being introduced more often than ever.
On each step, you will receive helpful tips and other info to get you on the right track. The section that is particularly important is the one with the latest market news and data. It contains regular updates and helpful information that can sometimes be hard to keep track of. On the other hand, United Markets Capital has made sure to create this process as a fun and educational experience, and not a huge hassle. This is a big advantage for the company, maybe one of the most beneficial ones to date.
Deposits and Withdrawals
The payment options for depositing and withdrawing your money from the account are quite modest and take a lot of time to process. You can use your credit or debit card, or Bitcoin. We should also point out that you cannot open your e-wallet with this company. Rather, you can do so anywhere else online where you find safe and encouraging. Still, this is another downside for the company that proves their lack of effort.
Furthermore, the times for processing can go up to several business days, which is ridiculous, especially when it comes to Bitcoin option for depositing and withdrawing. The usual wait is around a couple of minutes to couple of hours in some cases, so it is astonishing how they could have afforded such a mishap.