Warning: Low score, please stay away!
It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
UM Capitals unconvincingly claims to be a “world-leading broker” with years of experience and numerous awards. The low quality of the website, the conflicting information and the missing credentials suggest that these boasts cannot be true. Fact-checking quickly reveals that UM Capitalsx is indeed just another scam website trying to cash in on the hype around cryptocurrencies and the general public’s ignorance about financial markets.
|Broker name||UM Capitals|
|TRUSTED?||UNREGULATED SCAM BROKER 100%|
|Available assets||forex, indices, shares, bonds, energies|
CUSTOMER REVIEW – Identity Hidden
UM Capitals is a scam broker, I have deposited 500 USD and made a profit of 4000 USD in a day. this scam broker is not giving me withdrawal and today dated 27.04.2021 they have blown my account intentionally so cannot ask for a withdrawal. this totally B Book broker without liquidity bridging( there is no bank with this broker)
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
HOW DOES THE SCAM WORK
The idea of passive income is increasingly attractive to more and more people. The Internet gives the impression that making money through investments in the financial markets is more accessible than ever to non-experts. But the online space is full of scammers who lure inexperienced wannabe traders through flashy advertisements and fake testimonials from satisfied clients. However, these fake brokers don’t really invest the money you give them – even though they very confidently assure you that you are generating great profits and should invest even more.
But when you try to withdraw some of your supposed winnings or deposit, it turns out to be impossible. Scammers will tell you that a sudden change in the market has wiped out all your money, or point you to vague clauses in the Terms and Conditions that require a huge minimum volume traded. The victim of such a scam may also be surprised with hidden fees and taxes amounting to tens of percentages of their funds.
Holding fraudsters accountable is difficult because they operate through offshore companies that are uncontrolled and unregulated. In addition, scammers require that you provide them with a copy of your ID and proof of address so that they can claim that all transactions were voluntary and agreed upon by both parties.
REASONS WHY UM Capitals is a completely Fake, Unreliable and scam forex broker?
1. A guarantee of success and/or large profits – UM Capitals scam broker
Nothing about the market, specifically the forex market, can be guaranteed. This market is influenced by too many factors that can change at any moment. So if someone is boasting guaranteed profits or specific results, they are peddling a scam.
2. No substantial proof or background information on UM Capitals
It’s very easy to come across pictures of charts showing profits. Scammers are savvy and they will only show profits and not losses within a period of time. In worse cases, they may even show charts from demo trading accounts that aren’t even a reflection of real trading. Do not base your decision to work with someone or purchase a product based on this or any other limited information. Ask for background information and full disclosure of the profits and losses. If they refuse or remain vague, it’s probably a scam.
3. Unsolicited marketing techniques
Unsolicited and persistent marketing is typically a sign of fraudulent behavior. If you find yourself being pushed to purchase a product or service with little information and time, it may be an attempt to scam you. Be particularly cautious if they begin to ask for personal information that can be used for things like identity theft. If it feels uncomfortable and pushy, avoid it.
Final thoughts on UM Capitals Scam trading broker.
In your pursuit to find ways to earn extra money with forex trading, you may run into your fair share of scams. So, it’s important to do your due diligence and research before engaging in the market. Remember, if it seems too good to be true, it probably is