USTmarkets Review – 5 things you should know about ustmarkets.com

Beware! USTmarkets is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

USTmarkets is nothing more than another shady broker that asks for your money but provides nothing in return – certainly not safety and reliability. This shady company does not even allow clients to open accounts at the present moment which means we are not sure that they even provide access to a functional platform, or to decent trading conditions. Our suggestion is to avoid such shady enterpises because they will certainly land you in trouble.

USTmarkets Regulation and Safety of Funds

USTmarkets did not provide an address and would not say where it is based, let alone licensed. More often than not, this means that the broker is not, in fact, regulated. Legitimate brokers always make sure to provide a lot of company information – including license numbers you could check in registers yourself – to convince you of their legitimacy. Scam brokers, on the other hand, prefer to remain as anonymous as possible.

Another thing USTmarkets did not provide was any sort of legal documentation. This is a huge red flad – you would not have any guarantees that this broker has not added all sorts of crazy clauses to its Terms and Conditions.

The fact that a broker is unregulated means that you can forget all about the protections a solid license guarantees. Licensed brokers have to meet many requirments in order to prove their financial stability and long-term approach. They have to answer to strict authorities which ensures that thye are following all laws and treatin clients in a fair manner. This is especially true for brokers regulated in strict jurisdicitons such as the UK, the EU, Australia and the US. Working with such a broker ensures a certain degree of safety you simply would not get with unregulated, anonymous brokers like USTmarkets.

USTmarkets Trading Software

USTmarkets promised access to a web-based trading platform. We were, however, not able to try that platform and see what it had to offer. We were simply not given the chance to open an account since the broker’s website malfunctioned when we tried to do so and would not allow us to procees. As a result, we are unable to say anything about the qualities of the software USTmarkets offers – or if they offer any sort of functional software at all.

Check out brokers that offer highly functional platforms such as MetaTrader 4, MetaTrader 5, and cTrader instead. These platforms have been the most popular in the industry for ages due to their high level of efficiency. They offer not only impressive charting and analysis packages but also impressive additional features – which is why they are definetly worth your attention.

USTmarkets Trading instruments

USTmarkets promised access to a variety of markets – forex, commodities, metals, indices, shares, and crypto. However, since we were unable to access a platform, we are unable to confirm the accuracy of the broker’s claims.

USTmarkets Spreads and cost of trading

We cannot say anything about the sort of spreads USTmarkets offers without access to a trading platform. Most legitimate brokers try to keep their spreads around 1.5 pips but there are plenty of companies that can offer even better conditions – around 1 pip or even lower.

USTmarkets Maximum leverage

USTmarkets claimed to offer maximum leverage of 1:150 which is actually pretty high. Trading with high leverage might seem tempting because it might result in bigger, faster losses. However, the likelihood of you suffering bigger losses is not to be underestimated. This is especially dangerous in volatile market conditions or if you are an inexperienced new trader. Whatever the case, be careful with your leverage settings and only choose rates you are sure you can handle.

USTmarkets Deposit and withdrawal methods

USTmarkets claimed that “you can fund your trading account using one of our versatile deposit methods, such as Credit/Debit card, Bank wire transfer, SOFORT Banking, Giropay, Skrill, Neteller and more” . Since we were unable to open an account, however, we are unable to confirm the accuracy of these claims. Whatever the case, we advise caution – do not deposit with shady scam brokers under any circumstances.

USTmarkets Minimum deposit

USTmarkets stated that the minimum amount of money you could deposit is $250. However, opening an account required a lot more money. The prices of basic accounts started from €10 001. This is an outrageous amount of money to pay for a basic account – especially considering the fact that most legitimate brokers would allow you to start with much less, even with as little as $10.

USTmarkets Withdrawal requirements

USTmarkets did not provide any specific information about its withdrawal requirments but you should keep in mind that most scam brokers usually have such. They might, for example, ask you to reach insane trading volume thresholds before allowing any withdraws – thus preventing you from withdrawing your own deposits and profits. Some scammers tend to charge very high withdrawal fees – up to 20% on some ocassions. That is why we would usually recommend that you read the Terms and Conditions carefully before opening an account – but that is something this broker did not provide.