UMarkets - pros and cons

Well, crypto doesn’t always fall. Sometimes it grows.

Ir does, but these periods are short-lived. On the other hand, when working with a broker, we can bet on both, growth and decline, and get profit from all operations without wasting time on waiting. Besides, we can work with other assets, shorten the same shares, which have also been falling pretty strongly recently. Clients of exchanges are deprived of these privileges.

Lightcoin is growing for the second month . It doesn’t seem to be a short-term phenomenon.

Lightcoin has recently developed a good fundamental component, although if you look at the history for at least six months, you will see that this increase is nothing more than a rebound from the lows. Until the price returns to autumn levels, it’s too early to talk about recovery, especially about growth.

I gave lightcoin as an example. Crypto-exchange has its own undeniable advantages. The assets have already been mentioned, and anonymity, of course, now even loans are offered at ridiculous interest rates.

You probably have long been registered. Anonymity is in the past. Now any serious exchange requires verification to be enforced. Passport photo, ID, license,and I’m not talking about the phone number.

Loans on a crypto-exchange is an analogue of leverage – they’re provided purely for trading. The volume is fixed and very small, as a rule. Using these loans is inconvenient. Using broker’s leverage is much more convenient, since it’s provided automatically for any volume of orders.

Has anyone managed to fulfill the bonuses offered by the broker? If yes, tell us how you managed it on practice, please. I didn’t really understand the conditions, could you clarify this moment for me please?

When fulfilling Umarkets bonuses, you need to bear in mind that each $1000 bonuses require 100 turnover lots. The main disadvantage of bonuses is that the deposit becomes frozen. The option for withdrawing funds for the period of fulfilling is not provided. On the other hand, the good thing is that fulfillment terms aren’t time-limited, as some brokers actually limit by very narrow time frames, which causes psychological discomfort and reduces the chances that you will withdraw these bonuses from your account in the future.

I see. And if I decide to give up bonuses, I lose the earned profit, as I understand. Not very fair terms. And the amount you have to fulfill seems to me very large, too.

After the bonus charge, trading is carried out at the expense of bonuses, because bonuses maintain the margin all this time, so the profit withdrawal by the broker in case of refusal of bonuses is quite fair.

If you count, the deposit worth 1000 is worth $300 welcome bonuses. 30 lots is quite feasible volume for a deposit of 1300 dollars. For a couple of months you can cope. And even if the total profit from transactions for the entire period is small, the reward of 30% of the deposit after two months is quite really good!

I want to deposit no more than the minimum amount for opening an account. I’m thinking about opening an account for money earned on the demo. Umarkets offers demo real, doesn’t it? The broker promises to transfer all earnings on the demo to a real account. Then the only thing I need will be adding the remaining amount to the minimum deposit sum and it’s as good as done.