Did anyone hear of UTMarkets forex broker in London?

oscarra

2nd Lieutenant
Messages
1,241
Well, unless you don’t mind taking the risk of opening a court case here in a few weeks, you might stick to a FCA regulated “authorized firm”, certainly providing the best consumer protection around. (especially if you are UK resident)

Make sure you don’t fall for some clone Firm
 

AdamHola82

Recruit
Messages
9
Did anyone hear about a forex broker called UTMarkets in the UK?

I recently was told about this company through a friend that's interested in investing with them, I have been looking around for a week or so.. but not getting much really. I talked with a guy that has an account with utmarkets and been with them 2 months now and is happy, I can share the information that was shared with me from him. if you find anything further please let me know
 

AdamHola82

Recruit
Messages
9
Here below is my conversatione with the guy that has the utmarkets account he used to be with exential group. I'm currently a exential group account holder.
Here's our conversation:

[10/10, 8:45 PM] Adam Hola: And I'm with exential too
[10/10, 8:45 PM] Jonathan P Ek Ut Markets: Ah cool
[10/10, 8:45 PM] Adam Hola: And she told me u left exential for UT
[10/10, 8:45 PM] Jonathan P Ek Ut Markets: I pulled out mine
[10/10, 8:45 PM] Jonathan P Ek Ut Markets: Yes that's correct
[10/10, 8:46 PM] Jonathan P Ek Ut Markets: I'm very new to utmarkets
[10/10, 8:46 PM] Jonathan P Ek Ut Markets: But there policy is much better than exential
[10/10, 8:46 PM] Adam Hola: So how long were u with exential
[10/10, 8:47 PM] Jonathan P Ek Ut Markets: 7 mons only
[10/10, 8:47 PM] Adam Hola: And Wat do u know about ut
[10/10, 8:47 PM] Adam Hola: Any office in Dubai
[10/10, 8:47 PM] Adam Hola: Or uae
[10/10, 8:47 PM] Jonathan P Ek Ut Markets: But no regrets of being part of tadawul before
[10/10, 8:47 PM] Jonathan P Ek Ut Markets: No they are based in uk
[10/10, 8:47 PM] Adam Hola: Have u been to their office
[10/10, 8:48 PM] Jonathan P Ek Ut Markets: No honestly just like tadawul I entered just trusting the word of mouth from 1 purser who is with ut for 8 months now
[10/10, 8:49 PM] Adam Hola: Oh so did he give u any info on it
[10/10, 8:49 PM] Adam Hola: Or how he knew of the company
[10/10, 8:49 PM] Jonathan P Ek Ut Markets: And of course I studied their profile
[10/10, 8:49 PM] Jonathan P Ek Ut Markets: Their performance
[10/10, 8:49 PM] Jonathan P Ek Ut Markets: He was also referred by someone
[10/10, 8:50 PM] Jonathan P Ek Ut Markets: The profile and performance was really good
[10/10, 8:50 PM] Adam Hola: I can see higher gains and no charges for opening ur account or maintenance fee
[10/10, 8:50 PM] Jonathan P Ek Ut Markets: Yea that's true
[10/10, 8:50 PM] Adam Hola: Just have to keep the min amount agreed apon
[10/10, 8:50 PM] Adam Hola: Is the money insured
[10/10, 8:51 PM] Jonathan P Ek Ut Markets: But might change next year
[10/10, 8:51 PM] Jonathan P Ek Ut Markets: They are growing
[10/10, 8:51 PM] Jonathan P Ek Ut Markets: But I told the agent not to do the same as tadawul
[10/10, 8:51 PM] Jonathan P Ek Ut Markets: Because the reason why I moved with them is because of their nice policy
[10/10, 8:52 PM] Jonathan P Ek Ut Markets: Opening of account is like 2 days only
[10/10, 8:52 PM] Jonathan P Ek Ut Markets: Transfer fee is 15 usd
[10/10, 8:52 PM] Adam Hola: Ya and withdrawal is a few working days not 21
[10/10, 8:52 PM] Adam Hola: But Wat is their gain and profit
[10/10, 8:53 PM] Jonathan P Ek Ut Markets: Withdrawal with this one is 3 days only
[10/10, 8:53 PM] Adam Hola: Cant just be all good for us
[10/10, 8:53 PM] Adam Hola: They have to make money off this forex app trades or have some charges
[10/10, 8:53 PM] Jonathan P Ek Ut Markets: So far from jan to sept 2015 for 10k usd profit average is 1900 usd
[10/10, 8:54 PM] Jonathan P Ek Ut Markets: 20k usd is 4000 usd
[10/10, 8:54 PM] Adam Hola: Yes I looked at their performance
[10/10, 8:54 PM] Adam Hola: U been one month now
[10/10, 8:54 PM] Adam Hola: Do they have an app
[10/10, 8:54 PM] Adam Hola: Or weblink like exential
[10/10, 8:54 PM] Jonathan P Ek Ut Markets: Yes they have also
[10/10, 8:54 PM] Adam Hola: Do u mind to share
[10/10, 8:55 PM] Jonathan P Ek Ut Markets: Mind is not working in my phone only in my desk top
[10/10, 8:55 PM] Adam Hola: So it same layout as exential
[10/10, 8:56 PM] Jonathan P Ek Ut Markets: At the end of the day it's like tadawul
[10/10, 8:56 PM] Jonathan P Ek Ut Markets: Almost
[10/10, 8:56 PM] Jonathan P Ek Ut Markets: Wait ill take a picture
[10/10, 8:56 PM] Adam Hola: Ok
[10/10, 8:57 PM] Jonathan P Ek Ut Markets: It's almost the same
[10/10, 8:58 PM] Adam Hola: So it shows ur trades live or like exential a few days later u see the actual trades
[10/10, 8:58 PM] Adam Hola: And they do block amount and available
[10/10, 8:59 PM] Jonathan P Ek Ut Markets: No its live
[10/10, 8:59 PM] Jonathan P Ek Ut Markets: Around 3 pm dubai time
[10/10, 8:59 PM] Jonathan P Ek Ut Markets: It's crazy live traiding
[10/10, 8:59 PM] Adam Hola: Ok so u did 20 k
[10/10, 8:59 PM] Jonathan P Ek Ut Markets: I don't even look at it
[10/10, 8:59 PM] Jonathan P Ek Ut Markets: I'm going to have heart attack
[10/10, 8:59 PM] Adam Hola: And this month trades u got 698
[10/10, 9:00 PM] Jonathan P Ek Ut Markets: Yes
[10/10, 9:00 PM] Jonathan P Ek Ut Markets: In couple of days
[10/10, 9:00 PM] Adam Hola: Is the 20 insurers
[10/10, 9:00 PM] Adam Hola: Insured
[10/10, 9:00 PM] Jonathan P Ek Ut Markets: I'm just keeping my fingers cross
[10/10, 9:00 PM] Jonathan P Ek Ut Markets: It's like tadawul
[10/10, 9:01 PM] Jonathan P Ek Ut Markets: They play maximum 15 percent of your total investment
[10/10, 9:03 PM] Jonathan P Ek Ut Markets: They only earn thru the money exchange rate
[10/10, 9:03 PM] Jonathan P Ek Ut Markets: Whatever is in excess of 20 k is the net profit
[10/10, 9:03 PM] Adam Hola: So how they calculate it
[10/10, 9:03 PM] Adam Hola: They have to take something
[10/10, 9:04 PM] Adam Hola: I can understand with ex that they take a 30% min
[10/10, 9:04 PM] Adam Hola: As to ut take Wat
[10/10, 9:04 PM] Adam Hola: Cz no business will just give us all the profits
[10/10, 9:07 PM] Adam Hola: Is there someone u met with
[10/10, 9:07 PM] Adam Hola: Or u just deposit in nbd
[10/10, 9:07 PM] Jonathan P Ek Ut Markets: Nope all agents are in UK
[10/10, 9:07 PM] Adam Hola: So u just do it all online
[10/10, 9:08 PM] Jonathan P Ek Ut Markets: And he send everything to me in my email
[10/10, 9:08 PM] Jonathan P Ek Ut Markets: And most of the time we communicate thru whatsapp
[10/10, 9:08 PM] Jonathan P Ek Ut Markets: Sometimes he called me
[10/10, 9:09 PM] Jonathan P Ek Ut Markets: I'd I ask him to do so
[10/10, 9:09 PM] Adam Hola: Ok
[10/10, 9:09 PM] Adam Hola: So Wat did u to know its legit
[10/10, 9:09 PM] Jonathan P Ek Ut Markets: But since somehow I know how the game work like tadawul
[10/10, 9:09 PM] Jonathan P Ek Ut Markets: My only concern is the profit in my account
[10/10, 9:10 PM] Adam Hola: I've been looking online
[10/10, 9:10 PM] Adam Hola: Can't find anything but their site
[10/10, 9:10 PM] Jonathan P Ek Ut Markets: Honestly men I just trust my instinct and gut feeling
[10/10, 9:11 PM] Jonathan P Ek Ut Markets: Even when I was with tadawul until now I was not convinced that they are legit too
[10/10, 9:12 PM] Jonathan P Ek Ut Markets: It's a big gumble....
One thing that convinced me too is the Purser name roland who is with them for 8 months
[10/10, 9:12 PM] Jonathan P Ek Ut Markets: In 5 months time he got his money back
[10/10, 9:13 PM] Adam Hola: Hmm and no problems ever
[10/10, 9:13 PM] Jonathan P Ek Ut Markets: Yup
[10/10, 9:13 PM] Adam Hola: That's good
[10/10, 9:13 PM] Adam Hola: How long has this company be live
[10/10, 9:13 PM] Jonathan P Ek Ut Markets: 3 years
[10/10, 9:14 PM] Jonathan P Ek Ut Markets: Open their website
[10/10, 9:14 PM] Jonathan P Ek Ut Markets: Apparently they won numerous awards
[10/10, 9:14 PM] Jonathan P Ek Ut Markets: They are top 10 traiding company
[10/10, 9:15 PM] Adam Hola: Good stuff I'm just looking more in to it
[10/10, 9:15 PM] Jonathan P Ek Ut Markets: I'm just trusting the figures
[10/10, 9:16 PM] Jonathan P Ek Ut Markets: Because that's what my friend has received
[10/10, 9:16 PM] Adam Hola: Ya looks impressive
[10/10, 9:21 PM] Jonathan P Ek Ut Markets: They will only play maximum of 15 percent
[10/10, 9:21 PM] Adam Hola: Ya that's ok
[10/10, 9:21 PM] Adam Hola: Have u withdrawan yet
[10/10, 9:22 PM] Adam Hola: To test or waiting
[10/10, 9:22 PM] Jonathan P Ek Ut Markets: One thing I like about it is that it's new
[10/10, 9:22 PM] Adam Hola: Ya true
[10/10, 9:22 PM] Jonathan P Ek Ut Markets: Many people are into it
[10/10, 9:22 PM] Jonathan P Ek Ut Markets: It's growing
[10/10, 9:23 PM] Jonathan P Ek Ut Markets: One thing that made me withdraw my account of tadawul is the constant change
[10/10, 9:24 PM] Jonathan P Ek Ut Markets: *account to tadawul
[10/10, 9:24 PM] Jonathan P Ek Ut Markets: Even the last one i only managed to get the profit like 3 days ago
[10/10, 9:25 PM] Adam Hola: Dont get Wat u mean
[10/10, 9:25 PM] Adam Hola: 3 days profit
[10/10, 9:25 PM] Jonathan P Ek Ut Markets: Apparently they changed the bank
[10/10, 9:25 PM] Adam Hola: Ya
[10/10, 9:25 PM] Adam Hola: I got the email
[10/10, 9:25 PM] Jonathan P Ek Ut Markets: I only got it 3 days ago
[10/10, 9:25 PM] Adam Hola: Same hereb
[10/10, 9:25 PM] Jonathan P Ek Ut Markets: The profit for sept
[10/10, 9:26 PM] Adam Hola: Where u pulling every month
[10/10, 9:26 PM] Adam Hola: Or 2
[10/10, 9:26 PM] Adam Hola: I didn't pull this past month
[10/10, 9:26 PM] Jonathan P Ek Ut Markets: And apparently many people are removing their funds with tadawul
[10/10, 9:26 PM] Adam Hola: I take every 2 months
[10/10, 9:28 PM] Jonathan P Ek Ut Markets: Anyway men it's your decision
[10/10, 9:29 PM] Jonathan P Ek Ut Markets: If you like to join utmarkets
[10/10, 9:29 PM] Jonathan P Ek Ut Markets: The minimum is 10k usd
[10/10, 9:29 PM] Jonathan P Ek Ut Markets: You can put 11 12 13 or 14
[10/10, 9:30 PM] Jonathan P Ek Ut Markets: It's all up to you
[10/10, 9:30 PM] Adam Hola: I seen 5 k on their site
[10/10, 9:30 PM] Jonathan P Ek Ut Markets: They cancelled it last Oct 1
[10/10, 9:30 PM] Adam Hola: Any reason
[10/10, 9:30 PM] Jonathan P Ek Ut Markets: Becoming like tadawul
[10/10, 9:31 PM] Adam Hola: Pass me the contact from ut
[10/10, 9:31 PM] Jonathan P Ek Ut Markets: I think they are not earning well with that
[10/10, 9:31 PM] Jonathan P Ek Ut Markets: To manage that account for you
[10/10, 9:31 PM] Adam Hola: So I can get in touch and set one up
[10/10, 9:31 PM] Adam Hola: Test it out
[10/10, 9:31 PM] Jonathan P Ek Ut Markets: Ok cool
[10/10, 9:32 PM] Jonathan P Ek Ut Markets: Let's keep our fingers crossed
[10/10, 9:36 PM] Jonathan P Ek Ut Markets: I'll forward the contract to you
[10/10, 9:45 PM] Jonathan P Ek Ut Markets: Email sent
[10/10, 9:45 PM] Jonathan P Ek Ut Markets: +447780338021
[10/10, 9:46 PM] Jonathan P Ek Ut Markets: This is the whatsapp number of mohammad dahoud
[10/10, 9:47 PM] Jonathan P Ek Ut Markets:
Beneficiary Name:
Live Card And Payment Services LLC

IBAN (AED):
AE63 0260 0010 1136 6349 601


Swift:
EBILAEAD

Bank:
Emirates NBD Bank

Address:
Al Wasl Road, Jumeriah, 2923 Dubai, United Arab Emirates

[10/10, 9:47 PM] Jonathan P Ek Ut Markets: And this is their account details here
[10/10, 9:48 PM] Jonathan P Ek Ut Markets: By the way this is the step by step procedure in opening your account

1. Visit the website utmarkets.comclick new user
2. Fill up the questionnaires
Upload documents needed
3. Please take note of your account number generated by the system as this will be needed when you are filling up the contract
*regarding the payment skip it as you have to transfer the funds thru bank to bank
4. Fill up the contract once everything is signed scan it and sent it to your account manager (Mohammad Dahoud)
5. Arrange the transfer of funds. I'm recommending deposit aed currency it's quicker to be credited to the
beneficiary
6. Send/screen copy the receipt to Mohammad so your account will get deactivated
7. Once account is activated then it is ready for traiding.

Thanks jonathan
[10/10, 9:48 PM] Jonathan P Ek Ut Markets: * 6. Send/screen shot copy of the receipt to Mohammad so your account will get activated
[10/10, 9:52 PM] Jonathan P Ek Ut Markets: Just tell him that I refer you. Thanks have a good night and best of luck and hoping the profit remain the same for the next 3 years
[10/10, 10:37 PM] Jonathan P Ek Ut Markets: This is the answer from the agent regarding how they get the profit... His explanation is too technical for me.... I'm passing it to you.
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: Once we open a trade the trade goes into minus
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: This minus is our profit
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: The balance u see in ur acc
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: Once we close a postion another small commission will be taken
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: So
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: Is the net balance
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: We prefer to work like this and not charge u a commission
[10/10, 10:38 PM] Jonathan P Ek Ut Markets: According to UT senior manger

So this is the information I got through him and he sent me some pictures of his account and it's balance .
 

Pharaoh

Colonel
Messages
20,046
UTMarkets.com appears to be a broker. Are they offering a managed account option with excessively large claimed rates of return?

Speaking of excessive claims, the website says Copyright 2011-2015, but the domain was first registered in 2013. I wonder if there's an explanation for this?
 
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