uTrada

Founded in 2018, uTrada is a forex broker registered in Hong Kong, China, offering more than 2100 market products, such as FX, commodities, indices, energy, shares, and cryptocurrencies, with leverage up to 1:500 and variable spreads from 0 pips via the MT4, MT5, and UT App platform. Demo accounts are available and the minimum deposit requirement to open a live account is $50.

Pros and Cons

Is uTrada Legit?

No, uTrada currently operates under the Labuan Financial Services Authority (LFSA), holding a Straight Through Processing (STP) (No.MB/19/0042).

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License Number
	Labuan Financial Services Authority (LFSA)	Regulated	uTrada Limited	Straight Through Processing (STP)	MB/19/0042

What Can I Trade on uTrada?

uTrada asserts to provide more than 2100 tradable products including forex, commodities, indices, energies, shares, and cryptocurrencies.

Account Type

For consumers who wish to try its platform without having to risk any money, uTrada provides a free demo account.

Besides, uTrada provides three different live trading account kinds with distinct features: Ultra, Premium, and Standard.

Leverage

uTrada offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Fees

Trading Platform

uTrada offers top-ranked MT4 and MT5platforms. In addition, uTrada also offers an incoming application called UT App which is available to download on both Apple Store and Google Play.

Deposit and Withdrawal

uTrada doesn't openly reveal any info on payment methods. We only know that they seem to charge no deposit and withdrawal fees.