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UMB -

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

UMB

Ghana | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.myumbbank.com/

Website
Time Machine

Rating Index

Influence

Influence

C

Influence index NO.1

Ghana 3.34
Surpassed 15.20% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

0302 666 331
info@myumbbank.com
https://www.myumbbank.com/
Street Address: SSNIT Emporium Building, Liberation Road, Airport City Accra, Ghana Postal Address: P.O. Box GP 401, Accra, Ghana

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Ghana
Operating Period
5-10 years
Company Name
Universal Merchant Bank
Customer Service Email Address
info@myumbbank.com
Contact Number
0302 666 331
Company Website
https://www.myumbbank.com/
Biz Area
Website
Company Summary
Wiki Q&A
Comment

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Details
Official website

Website

myumbbank.com
45.40.137.236
Server Location
United States
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2014-03-11
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC

Company Summary

UMBReview Summary
Founded2014-03-11
Registered Country/RegionGhana
RegulationUnregulated
Financial ServicesPersonal Banking, Commercial Banking, and Corporate Banking Solutions
Trading PlatformUMB SpeedApp(Android/Windows)
Customer SupportTelephone: 0302 666 331
Email Address: info@myumbbank.com
Toll-Free Lines: MTN, AirtelTigo and Vodafone 0800-100880; Other Lines 0302 633 988
Email address: registrar.services@myumbbank.com
Telephone: 0302 220 952, 0302 226 112, 0302 237 502, 0289 779 802
Facebook/Twitter/LinkedIn
Live chat

UMB Information

UMB Bank operates in Ghana and provides diversified financial services. The bank offers personal banking, commercial banking, and corporate banking solutions. In addition, the bank provides various contact methods, including multiple phone numbers, email addresses, and physical branches, which makes it convenient for customers across the country to access its services.

UMB

Pros and Cons

Pros Cons
24/7 customer supportUnregulated
Various financial productsLimited information on fees
Multiple contact channelsLack of clarity on some product features

Is UMB Legit?

UMB Bank has not provided evidence to demonstrate that it is regulated, which makes traders worried.

UMB
UMB

Account Type

UMB offers personal banking accounts with features designed for flexibility and convenience. One notable account is the Lock Saver Account, which allows workers to save money at their own pace with an 8% interest rate (terms and conditions apply).

Trading Platform

The UMB provides a proprietary UMB SpeedApp downloaded through Android and Windows to trade.

Trading PlatformSupported Available Devices Suitable for
UMB SpeedApp✔Android/WindowsAll traders
UMB

Deposit and Withdrawal

UMB accepts Ria Financial Services, Vigo, Western Union, Sigue, Money Exchange, JN Money, IMT, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

UMB
UMB

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Vahid
Within 1 year

What are the pros of using UMB Bank?

WikiFX Reply
One of the main advantages of UMB Bank is its 24/7 customer support, available through various channels such as phone, email, and live chat. This allows customers to reach out at any time, providing convenience and accessibility. Additionally, UMB offers a wide range of financial products, from personal to commercial banking, catering to a diverse clientele. However, the unregulated status remains a major concern. While UMB offers useful services, the lack of clear fee structures and regulatory oversight makes it difficult to fully assess the costs involved. In my opinion, transparency is crucial when selecting a financial institution. I suggest reading UMB reviews to see if others have had positive or negative experiences with the bank, especially regarding its fees and customer service.
Broker Issues
UMB
Regulation
08-24
United States
S jonas
Within 1 year

Is UMB safe and legit for me to trade with?

WikiFX Reply
Given that UMB is unregulated, there are legitimate concerns about its safety for traders. While the bank offers a range of financial services, its lack of regulatory oversight means there is no external authority ensuring compliance with industry standards. This could expose traders to risks such as improper handling of funds or lack of transparency. For traders seeking security and protection, it’s essential to consider whether the lack of regulation outweighs the convenience of their services. Personally, I recommend being cautious and ensuring that the services offered align with your risk tolerance. If you are unsure, it may be helpful to consult UMB reviews from other customers to gauge the level of safety others have experienced.
Broker Issues
UMB
Regulation
07-29
United States
Sanjay sirohi
Within 1 year

Is UMB legit?

WikiFX Reply
UMB has not provided any evidence of being regulated, which raises questions about its legitimacy. The lack of regulatory oversight means there is no third-party verification of the bank’s practices, which could be a red flag for potential traders. While the bank does offer a variety of services, its unregulated status makes it difficult to assess the safety of your funds. In my opinion, it is safer to work with a regulated institution that is subject to external audits and consumer protection regulations. If you’re still considering UMB, you may want to read UMB reviews from other users to gather more perspectives on its legitimacy and overall performance.
Broker Issues
UMB
Regulation
07-12
United States
Mansuber007
Within 1 year

Can I open a demo account with UMB?

WikiFX Reply
Unfortunately, UMB does not offer a demo account. This is a major limitation for traders who want to practice and familiarize themselves with the platform before committing real funds. A demo account is essential for traders to test strategies and get comfortable with the platform’s features. From my perspective, UMB’s lack of a demo account could deter many potential users, especially beginners. If you’re unsure about whether to try UMB, UMB reviews from other traders might offer additional insights into the platform’s usability.
Broker Issues
UMB
Account
Leverage
Platform
Instruments
06-24
United States
View More

User Reviews 2

All (2) Neutral (2)
Nikolay_M
Within 1 year
Neutral
I have been using UMB for some time. Although the login process is very convenient, the lack of clear comparisons between the accounts is really a headache.
06-09

Hong Kong
Ross
Within 1 year
Neutral
As an active trader, I have been using this broker for several months. I've noticed that this broker offers a variety of account options, but UMB hasn't explained the differences among them.
06-09

Hong Kong
No more
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