UTrader
abstrak：UTrader is a leading binary futures broker in today's financial markets, founded by a group of professionals with extensive experience in foreign exchange, derivatives, risk management, payment processing, and international laws and regulations. Utrader is committed to providing excellent trading services and the most user-friendly trading platform to all its clients. Utrader is currently not subject to any effective regulation.
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 methods | Unavailable 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.
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 account | Gold account | Bronze account | New 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 |
| support@utrader.cc | |
| Physical Address | the 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.
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