VEMarkets Review is Vemarkets.com a Scam or Legit Broker

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Stox Market

Overview

StoxMarket Broker – Making Trading Simple –
Is it True or StoxMarket is a Scam to Avoid?
Check This 100% Full & Honest StoxMarket Review
Demo Account + Minimum Deposit – See Below!

Details

Broker Stox Market
Official Website URL www.stoxmarket.com
Support Types Live Chat, Phone, E-mail
Payout 84%
Demo Account Open FREE Demo NOW
Deposit & Withdrawal Methods VISA, Mater Card, Maestro, OK Pay, Neteller
Number of Assets 60+
Overall Score 6.7/10

Full Review

StoxMarket is an innovative and superior online trading solution that has recently started its operational process and is now available for all the online investors who are willing to try something fresh, professional and highly profitable. Of course, when there are only promises and statements we have to investigate in specifics all the advantages and disadvantages of the product in order to give you the best final verdict, regarding its scam/legit status.

Therefore, the following review is all about this specific broker, that trades on the Forex market as well. Make sure to read the whole text in order to get informed on whether you should opt for this platform or stay away from it.

Table of Contents

First Look at StoxMarket

At first look at the official website of the trading solution, it seems like it does offer a significant number of tradable assets for the customer. The wide range of possibilities includes many commodities, indices, stocks and currency pairs. In addition, people can also place trades on the Forex market or deal with CFD’s which are more specific and require deeper knowledge and significant former trading experience.

Review Verdict: StoxMarket is NOT a Scam

The interface of the brokerage is simple, user-friendly, flexible and there are more than enough sections where you can get all the needed information about any service or trading option. There is also a substantial educational center where newbies can improve their trading strategy by gaining more experience and learning important and useful information.

Stox Market Broker – Is It a Scam or Not?

According to us, this online trading platform is already proven to be highly reliable, authentic and legit income-generating solution that could help any trader improve their lifestyle and financial status. The numerous positive users’ testimonials confirm that as well as all the available positive reviews that seem to be pleased with what they have found about the broker, too.

As a result, we would advise you to try dealing with it. Our team of specialists is confident that you won’t regret your choice. On the contrary, we believe that registering with StoxMarket brokerage will make you feel very successful and pleased with your trading results.

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StoxMarket – Trading Platforms

One of the biggest advantages of this Forex trading broker is the fact that it is highly flexible when it comes to offering trades the comfort to perform their transactions they way they want. In this line of thinking there is a short description of the 4 available trading platforms that provide trades with amazing features.

  • StoxMarket Webtrader – this amazing trading platform allows traders to experience a desktop trading journey conducted via web browser. The ease of access is especially useful for traders logging in to their account from different locations and devices. The Webtrader handles a high volume of live data with updates in real-time.
  • Tablet Trader – this is a smart trading solution in case you are on the go and don’t have access to a desktop machine. Basically, this is the MT4 platform developed for both Android and Apple devices. This means that you can still benefit with all the features of the web based MT4 platform.
  • Mobile Trading Platform – it seems like the developing team of Stox Market knows that it is important for people to receive real-time information as markets are dynamic and constantly changing. So, this platform allows you to trade on the go. Again, it doesn’t matter whether your phone is based on Android or iOS.
  • Metatrader 4 – as you may already know this is the most popular and appraised Forex trading platform on the market. It has the unique ability to bring different trading options together by uniting them upon a leading trading technology. In fact, this platform has a basic interface and advanced features.

Account Types at StoxMarket

This online trading broker platform offers 3 main account types. Their main features are described as follows:

  • Silver – you need at least $1,000 in order to open this account. In addition, you get access to many different educational materials.
  • Gold – with the initial deposit of $5,000 users get all the features form the Silver account plus some additional tools such as: Daily market analysis and Trading signals.
  • VIP – you will need over $20, in order to get this account type. It is the most professional tier and all the features are unlocked and usable with it.

There is also a Demo Account feature which offers to newbie traders the chance to improve their trading strategy and success rate without losing real investments.

Conclusion

Stocks Market’s outstanding special features, along with the account types who have excellent bonuses, make it a truly remarkable and legit Forex investment broker. Its 24/7 customer support service is reported to be one of the best in the online financial industry applying responsiveness, niceness and helpfulness as their core values and principles.

Traders are recommended to proceed and get started with this brokerage platform as they will seldom find a more reliable and trustworthy one. They will enjoy a safe and secure investment experience.

Exness Review – Is this Forex broker scam or legit?

My personal experience with Exness

I would like to base this review on my personal experience of trading with Exness. I want to share my experience with you.

Finding a legitimate forex broker is not a big issue as there are many trusted brokers in this industry, but finding one that suits your trading strategy best, can be a difficult task. You can read all the reviews you want, about a broker; it simply can’t tell you everything that you need to know.

I have joined several forex brokers, some of them are the biggest brands in this industry; and off course, I did my research before opening accounts with them. With every broker, I found something to be missing. I use different strategies in trading; one requires tight spreads, another one works only with 1:1000 or more leverage [using too much leverage can wipeout your whole account, but if you have a good strategy, you can use it to squeeze maximum profit from a trade while risking only small amount of money.] Anyway, my point is that I need certain features to use each of my trading strategies; for instance, I need fast-trade-execution for one of my scalping trading strategies.

After trying several brokers, I finally tried Exness and I am glad to have found this broker as it offers everything that I need. Following is a list of features I was looking for in a forex broker:

  1. Tight spread
  2. ECN account
  3. High leverage
  4. Supports multiple deposit/withdrawal options including Skrill
  5. Does not disallow any trading strategies
  6. Fast trade execution
  7. Good client area
  8. Fast withdrawal process
  9. Small fee
  10. Offer different types of accounts
  11. Customer Service/Support

Tight Spreads

Exness is offering fairly tight spreads in all types of accounts. I wouldn’t call these spreads the best, but they are better than what many other brokers are offering. I would give Exness 8/10 for the spreads it offers.

ECN account

The ECN account at Exness is very good. The max leverage is 1:200. Spreads are very good. Exness deduct small commission on each trade. This account is very good for using scalping strategies. 9/10

High leverage

Official MAX leverage advertised at Exness is 1:Unlimited, but this there are certain conditions to meet if you want to use it. The feasible option is to choose 1:1000 if you have a strategy that requires using such high leverage! 10/10

Deposit/withdrawal options

Exness currently supports eight different methods [including Skrill, formerly MoneyBookers] for depositing and withdrawing funds. These include WebMoney, Wire Transfer, CASHU, Excard, NETELLER, and more… 10/10

Trading Strategies

As far as I know, Exness does not block the use of any legitimate strategies. 10/10

Fast Trade Execution

One of the reasons why I left several forex brokers is slow trade execution in their trading platform. If you are using a scalping or any other similar strategy, then you need fast trade execution. Exness trade execution is very good; it is much faster than many brokers I used. 9/10

Client Area

Out of all forex brokers I have used, Exness has the best features in client area. You can easily create multiple trading accounts, change leverage for any account, request withdrawal, and there are many other features! 10/10

Withdrawal

Exness is one of few forex brokers who offer Instant-Withdrawal options. You can receive funds in seconds, literally! Exness processes most withdrawal requests automatically. 10/10

Fee

Exness charges small fee, or commission, on trades you execute in an ECN account. Their fee is much smaller than what many other brokers are charging. 10/10

Account types

Exness is offering several different types of accounts. Each account has a different set of specifications. 10/10

Customer Support

Exness provide 24/7 support. Their live-chat representatives are very helpful. 10/10

As you can see, Exness has everything that I was looking for in a broker. It took me a while to find the perfect broker for myself, but I am glad I finally found one, namely Exness. However, it doesn’t mean that this broker is perfect for everybody; perhaps another broker will suit all your needs. It depends on what your trading strategies are and what features you are looking for in a forex broker.

My overall score for Exness is 9/10 .

Before joining any forex broker, do a thorough research; find the broker that is offering best trading conditions that suit your trading style/strategies.

There are some other features that you may find interesting; for instance, Exness, like many other brokers, is offering trading contests from time to time.

Scam or Legitimate?

You should not worry about the legitimacy of Exness. This forex broker is 100% legitimate; they can’t get more legit then this! I mean, Exness is a legit forex broker who will always pay you your own money as well as the profits you make. You should not worry about Exness scamming you as that is not even remotely possible. It is a trusted and registered forex broker.

Update: I forgot to mention the online reputation Exness have. ForexPeaceArmy is a website that I trust. If you are worried about the legitimacy of a Forex broker, then head straight to FPA. I am not asking you to blindly trust all reviews at FPA; however, they can hugely help you in your online research. Below is a screenshot of current rating of Exness at FPA:

Umarkets Review

Umarkets

Reason to avoid: Offshore license

Listed Date: July 26, 2020

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Beware Umarkets is a Non-Reg ulated broker. It is NOT SAFE to trade.

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Is Umarkets a scam or legit broker?

No, it is not safe to trade with Umarkets. Umarkets is own by Market Solutions Ltd. which is an offshore company registered in St. Vincent and the Grenadines.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Millennium FX, Brokerz and more.

According to the Umarkets website, the broker is registered with the Financial Commission under the number 24310 IBC 2020. Even though the FinaCom is a well-respected organization, it is a self-regulatory organization which cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

From our source, it costs €24,000 per year to become a member. However, and there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

According to the website, “Umarkets was established in 2008 and is a rapidly growing brokerage house that enables retail and institutional investors (banks, hedge funds, high-frequency traders, brokerage companies) to trade Indices, Commodities and Forex. Umarkets has enjoyed a huge success in the European markets and it is now focusing on the expansion into the Latin America and Asian markets.” In fact, we haven’t found any information about Umarkets being regulated in either Europe, Asia or latin America, which means the broker has been illegally offering its services.

We advise all investors and traders to avoid Umarkets and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and Plus500.

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