Financial Commission Adds UMarketz to Its Warning List

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, announced recently the addition of the trading platform UMarketz to its Warning List.

According to the official press release, the Financial Commission has been notified by concerned traders regarding the company UMarketz and its associated websites (https://umarketz.com/). Upon reviewing the submitted information, it has determined that the indicated company and associated website were suspicious of being used to defraud and scam traders and investors.

In view of that, the Commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

Shortly before, Fazzaco reported that the Financial Commission has reported the amounts of submitted complaints​ and other key metrics for October 2021​, showing an increases in amounts awarded to traders.