tastyworks
umarkets
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Overview
tastyworks was founded in 2014 and is headquartered in Belize, while umarkets was established in 2018 and is based in Bulgaria. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. tastyworks serves 150,000+ clients worldwide; umarkets has 10,000+. Both brokers share the same minimum deposit of $250.
| Feature | tastyworks | umarkets |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F333 |
| Founded | 2014 | 2018 |
| Country | Belize | Bulgaria |
| Clients | 150,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between tastyworks and umarkets, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. Both brokers charge withdrawal fees. umarkets applies inactivity fees on dormant accounts; tastyworks does not. The two brokers are broadly comparable on fee structure.
| Feature | tastyworks | umarkets |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
tastyworks offers MT5, cTrader, while umarkets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. umarkets supports social and copy trading features, which tastyworks does not offer. umarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | tastyworks | umarkets |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how tastyworks and umarkets compare. tastyworks runs regular live webinars; umarkets does not. Both provide video tutorials. tastyworks publishes daily market commentary; umarkets does not. Both integrate third-party research tools. tastyworks maintains an archive of past webinars for on-demand viewing. tastyworks scores higher overall in education and research.
| Feature | tastyworks | umarkets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. tastyworks accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while umarkets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | tastyworks | umarkets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both tastyworks and umarkets offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 8 languages. Both brokers are comparable on support quality.
| Feature | tastyworks | umarkets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |