General Information
UMDY TRADE is an offshore broker registered in Saint Vincent and the Grenadines, providing a series of trading instruments, including Stock Indices, Commodities, and Forex. Due to the lack of sufficient contents on this broker‘s official website, we were struggled to present a comprehensive picture of this broker’ activities.
UMDY TRADE is the trading name of UMDY TRADE LLC, and it is not authorized or regulated by any regulators to support its operation. Here we can see that WikiFX has given it a very low score of 1.19/10. Please be aware of the risk involved.
Instruments Markets
UMDY TRADE provides limited trading assets, only three classes of trading instruments available, including Forex, Stock Indices, Commodities.
Commissions
Spreads are not disclosed, and commissions from 0.08%, according to UMDY TRADE.
Leverage
When it comes to leverage, UMDY TRADE enables its clients to use the maximum trading leverage up to 1:500, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
The trading platform provided is a piece of missing information on the UMDY TRADE website.
Customer Support
UMDY TRADE is not easily reached and clients with any inquiry or trading-related issues can only get in touch with this broker through an email: info@umdytrade.com.
Company Address: REGISTER ADDRESS : SUITE 305, GRIFFITH CORPORATE CENTRE, BEACHMONT, KINGSTOWN, SAINT VINCENT AND THE GRENADINES
Alternatively, you can also follow this broker on some social media platforms, such as Youtube, Facebook, Instagram, and Twitter.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
What trading instruments can I trade with on UMDY TRADE？
UMDY TRADE offers access to Forex trading, Stock Indices trading, as well as Commodities trading.
What is the minimum deposit required by UMDY TRADE？
The minimum deposit required by UMDY TRADE is not disclosed.
What is the maximum leverage available？
The maximum trading leverage that is available on the UMDY TRADE platform is up to 1:500.
