Hi!
Yes, they mentioned about $250 bonus? Why?
But that was not added to my account yet since it is still not fully activated.
Yes they let me sign a document.
I am still about to submit one lacking document tat is why my account is still partially activated.
However, my friend already had a successful withdrawal from them.
Whats with the bonus anyway?
The bonus is a bad sign. If you look up on their terms and agreements you will notice something troubling - If you want to withdraw your funds then you have to "trade a certain number of lots" before you can have any withdrawal. This means that your money is locked up and
cannot be recovered. Some of these companies will disable the sever so that you cannot modify/close trades in profit. In doing so you will 'lose' (are make you think) all the money that was in your account. Agreeing to a bonus is always a bad move. Notice something. The vast majority of regulated, legal brokers will
never offer you a bonus as defensive mechanism for your money.
You signing a document is another bad sign, because no other reliable, legal and regulated broker would ask you to do that.
Why should they? You need to ask Umarkets for further information on why they asked you to sign that (
and record it). What exactly was that document that they made you sign?
You friend having "a successful withdrawal" is a
con or deception to get you to invest even bigger sums. They will initiate "a successful withdrawal" to
make you think that this is an honest, genuine broker (when they are
not). However, if you look at the experience of countless other innocent investors who have been scammed by them you'll see something worrying. These scammers
will often ask you or your friend
to invest again and this time with
more money. Once the larger sum has been invested then it will be nearly impossible to recover your funds.
I have spent about a year with this issue and it is in its final stages. Hopefully in a couple of months things will finally end in my favour and my funds are recovered. However, I have learnt a lot from this experience and I approach everything regarding finance and money with clear eyes and a cautious/suspicious attitude