Score

1.47 /10
Danger

UTrader

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.70

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

UTrader

Company Abbreviation

UTrader

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

UTrader · Company summary

UTrader Information

UTrader is a Russian forex broker, but its official website is difficult to access, and information is scarce, making it hard to find relevant details.

Pros and Cons

Pros Cons
Multiple deposit and withdrawal methodsUnavailable website
Lack of transparency
Regulatory concerns
High minimum deposit threshold

Is UTrader Legit?

Try to avoid using UTrader as it is not regulated at all and carries some risk. Be cautious and only work with trusted brokers.

Is UTrader Legit?
Is UTrader Legit?

What Can I Trade on UTrader?

UTrader provides investors with more than 100 financial tradable instruments, including currency pairs, options, stocks, commodities, and indices, which users can choose flexibly according to their investment needs.

Tradable Instruments Supported
Currency pairs
Options
Stocks
Commodities
Indices
ETF
Fetures
Bonds

Account Types

The platform offers 4 types of accounts - Platinum account, Gold account, Bronze account and New account. The minimum deposit for each account ranges from $200 to $5,000.

Account Types Platinum accountGold accountBronze accountNew account
Minimum Deposit$2000 - $5000$1500 - $1999$200 - $1499

Trading Platforms

According to UTrader, it offers traders desktop and mobile trading tools that allow traders to trade anytime, anywhere, with very detailed and real-time updated data reports that allow traders to easily track their trading status.

Deposit and Withdrawal

UTrader supports a wide range of convenient deposit and withdrawal methods, mainly Visa, MasterCard, Payoneer, NETELLER, Skrill, Wire Transfer, OKPay, WebMoney, and traders can choose flexibly according to their needs.

Options
Visa
MasterCard
Payoneer
NETELLER
Skrill
Wire Transfer
OKPay
WebMoney

Customer Service

Feedback and suggestions can be received by calling +44-2035192532 or support@utrader.cc.

Contact Options Details
Phone+44-2035192532
Emailsupport@utrader.cc
Physical Addressthe Grenadines, Suite 3, Beachmont Business Centre, Kingstown

The Bottom Line

UTrader has a variety of deposit and withdrawal options, which is probably its biggest advantage. But its major drawback is a lack of regulation, which ultimately leads to a worryingly low level of safety for its users.

FAQs

Is it safe to trade with UTrader?

No, it's not safe. Investors are not advised to trade with UTrader as some of the issues exposed by this broker together constitute a high risk environment.

Is UTrader good for beginners?

It's not suitable. Beginners often lack experience and knowledge in the trading field and need a safe, stable and regulated learning environment.

Is UTrader good for day trading?

No.

User Reviews

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User comment

2

Comments

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离愁
more than one year
Avoid at all Costs. I am sorry to hear about other traders’ terrible experiences of losing money on this platform. Although I didn't get to prove it was a scam it was at all the signs to suggest it was. The agents were rude and aggressive however I proved them to be knowledgeable. And now they have closed their site.
Avoid at all Costs. I am sorry to hear about other traders’ terrible experiences of losing money on this platform. Although I didn't get to prove it was a scam it was at all the signs to suggest it was. The agents were rude and aggressive however I proved them to be knowledgeable. And now they have closed their site.
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2023-03-22 18:31
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滉岳
more than one year
I hate these offshore brokers, they are heatless, and all they want is your hard-earn money, high minimum deposit, vague information, high profits promise, go to hell!
I hate these offshore brokers, they are heatless, and all they want is your hard-earn money, high minimum deposit, vague information, high profits promise, go to hell!
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2023-02-14 18:25
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