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UMOFX Broker: Reviews and Specifications

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UMOFX Discussion

UMOFX
  • Website: www.umofx.com
  • Founded: 2010
  • Company: United Market Oracle International Limited
  • Headquarter: Level 10, 17 Albert St, Auckland Central, Auckland, 1010 , New Zealand
  • Regulation: no

International offices Pakistan
Broker Type ECN/STP
Broker Status Independent Broker
Accept U.S Clients Yes
Live Chat Yes
Phone +64 9 889 878
Fax –
Email [email protected]
Website Languages Chinese, English, Indonesian, Malay, Vietnam

 

Account Information

Free Demo Account Yes
Min. Deposit $1
ECN account Yes
Account Currencies USD • EUR
Maximum Leverage 1000:1
Minimal Order Volume 0.01
Segregated accounts No
Swap-free Accounts Yes
MAM/PAMM accounts MAM
Managed account No
Interest on margin No
Deposit/ Withdraw Options WebMoney • Skrill (Moneybookers) • Perfect Money • Bank Wire • Visa/ Mastercard • cashU

 

Trading Terms

Trading Platforms MetaTrader 4
Precision pricing 4/5 digits
Type of Spread Fixed/Floating
Commission $2.7 – $3.5: standard, ECN account
Lowest spread on EURUSD 2 pips
Scalping Yes
Hedging Yes
Expert Advisors Yes
One-click execution No
OCO orders No
Mobile Trading Yes
Web Trading No
Gold, Silver Yes
CFDs No
Other Trading Instruments No
Promotion Yes UMOFX bonus
Trading Contests Yes UMOFX contest

 

What’s new

May 16, 2013:  updated account information and trading terms.

Reader Interactions

Comments

  1. VO HOANG PHI PHUNG says

    June 13, 2015 at 3:29 am

    This is a scam broker. I do not understand why management agency broker licensed to operate in order to steal money from customers. I opened a new account with this broker, I deposited $ 300 amount. I conducted the transaction and incurred losses. The remaining money in my trading account is $ 287 and I withdraw this money. But they deliberately did not handle my withdrawal order. I send a lot of email to the finance department and support but they did not answer me. This is a scam broker. I look forward to authorities and agencies have licensed broker activity investigate and revoke its business license so that it has no chance of defrauding money to other investors. Stay away from this broker. It is very bad and very bad …!

    Reply
  2. Mohd raez says

    December 30, 2013 at 1:17 pm

    http://www.umofx.com Live chat and Technical Support is very bad. if we ask something thy are delay, can’t get any useful information. And maximum time live chat show offline.

    Reply
    • SUPARMAN says

      January 2, 2014 at 2:14 pm

      You can check your personal Manager. As i know umofx offer personal manager. Check your personal manager tab. My manager skype id : sh.umofx maybe you can contact with him.

      Reply
  3. Ashish says

    July 9, 2013 at 1:47 am

    They have a very simple and clean client are in the website. verification process is also nice and hassle free. they though dont have any contests or offers running, but i think they should have some contests in near future.

    Other than that, there is nothing more i have to complain about this broker. A regulated broker with low minimum deposit and high leverage, just the spreads are somewhat higher than the other brokers.

    Reply
  4. Leong says

    May 15, 2013 at 6:42 pm

    I have trading with them about 3 months and quite satisfied with them. They offer small trader like me to trading with them with small amount orders and their support also very friendly. Nice using their services.

    Reply

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