uTrader Broker Review

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uTrader Review

uTrader

Broker uTrader
US Traders Accepted
Company Name Day Dreams Investements
Headquarters Riga, Latvia
Regulation No
Bonus Type Deposit bonus
Bonus Size 120%
Max Payout 85%
Out-of-Money Reward 0%
Trading Platform SpotOption
Deposit Options Credit/debit cards, wire transfer, OKPAY, Neteller
Deposit Currencies US dollar, euro, Great Britain pound, Polish zloty, Russian ruble
Minimum Deposit $200
Minimum Trade $20
Maximum Trade $5,000
Online Since 2020
Trading Instruments Forex, Commodities, Stocks, Indexes
Number of Trading Instruments 154
Binary Option Types High/Low, Turbo Options, Long Term, Pairs, One Touch.
Customer Support Types Email, live chat, Skype, telephone
Education Offered Videos, eBooks, daily market reviews, trading strategies, technical and fundamental analysis education, personal finance analyst
Tools Offered Early close, double up, rollover
Commission First monthly withdrawal is free, additional withdrawals cost $12. Wire transfers cost $25. $25 minimum for withdrawals.
Languages English, Russian, Dutch, Polish
Demo Account Risk-free trades after deposit

If you are looking for a broker that serves customers around the world, including in the USA, you may be interested in uTrader. This website is operated by a company called uTrader Day Dream Investments Ltd. As the company is based in Riga, Latvia, they are aiming their services largely at Eastern European customers, but they do take traders from everywhere. Having taken a close look at their features and benefits, they appear to offer a lot of flexibility and great features. The company has been in business since 2020, which means they have more experience than a lot of their competitors.

Please note that while their terms and conditions page says, “uTrader.com is regulated and operates under the regulations and local laws,” they are not a regulated broker. This is why they accept USA customers. Presumably the word they meant to type was “registered.”

uTrader Account Types, Deposits and Withdrawals

If you decide to open an account on uTrader, you must deposit a minimum of $200, or the equivalent in your currency. uTrader accepts not only the standard US Dollar, Euro, and British Pound transactions, but also allows you to open an account in Russian Ruble or Polish Zloty. You may use credit or debit card, wire transfer, Neteller, or OKPAY to deposit and withdraw money. Right now, the deposit form only seems to support OKPAY, though these other payment methods are all listed as acceptable.

It is a good idea to deposit at least $301, because this will get you a Start Account. For $1,001 or more, you may open a Silver account. If you deposit $5,001, you get a Gold account. Each tier comes with a bonus—50%, 100%, or 120% respectively. The Start level also includes an introductory video and daily market reviews along with other educational videos. At the Silver level, you add a personal finance analyst and two trading strategies. The Gold level includes an enhanced account review with an analyst and more technical and fundamental analysis education. Keep in mind many educational resources that uTrader provides are free and accessible to all.

Glancing at the Education center, where you can find the FAQ and glossary, I see a pretty standard selection of beginning and advanced eBooks and videos available for free. The resources are not really comprehensive, but they are reasonably complete for a binary options broker.

What happens when you need to make a withdrawal from your account? Your first monthly withdrawal is always free, unless it is a wire transfer, which carries a $25 fee (a typical fee amount). Subsequent withdrawals carry a $12 fee. You must withdraw $25 minimum. While no threshold and no fees would of course be preferable, these are both very reasonable amounts. A lot of brokers will charge you fees of $30+ and will also require you withdraw at least $100 or more, so this is really quite flexible!

Trading on uTrader

uTrader uses the popular SpotOption platform, which you may be familiar with since it is pretty ubiquitous. The platform is designed to offer great ease-of-use and functionality.

You can trade as much as $5,000 and as little as $5 (Turbo Options). $20 is the minimum investment amount for all other trade types. Trade types include High/Low, Turbo Options (fast trades like 60 Second trades), Long Term Options, Pairs, and One Touch. This is neither the biggest nor smallest selection I have seen, but it is reasonably diverse. There are 154 assets to trade, including stocks, indices, commodities, and currencies. This is quite a lot of assets, and more than you probably will ever need to use.

Risk-Free Trades

While uTrader does not offer a demo account, there is a practice feature which you will find listed under the Promotions tab at the top of the page. This feature is labeled as “Insurance,” and essentially takes the form of risk-free trades. The only restrictions mentioned are the types of options you can use the insurance for (High/Low and Turbo), and that you only take one risk-free trade at a time.

From the looks of things, lost trades will be docked from your account, but the money will be refunded within one working day of the trade. Assuming there are no other limitations, this looks like a pretty good alternative to a demo account, and far better than nothing at all. I recommend that you talk to an account manager about this, because this is a feature that is well worth taking advantage of before you start trading live with real money.

What if you need assistance while you are trading, or with your account? uTrader offers access to their customer service team via email, live chat on the website, Skype, or telephone. No one was in attendance at the live chat desk when I checked, but as it was a Sunday, this is not at all surprising.

Conclusion: Worth Your Consideration

If you are anywhere in the world looking for a good binary options trader, uTrader may be a great choice. This company is willing to accept customers from the USA, which is great news if you are located in America and want to trade with a quality broker. If you are in Eastern Europe, uTrader would also be a particularly good choice.

While uTrader could improve their services by offering a full-fledged demo account, their risk-free trades appear more useful than the overly restrictive versions offered by other brokers. Likewise, no fees or minimum withdrawal thresholds would be preferable, but those the company has opted to set are far from unreasonable. The trading resources are handy, there are a good variety of trade types, and the interface and the website are both easy to use and navigate. This looks to be a promising broker which may very well deserve your business.

uTrader , 8.5 out of 10 based on 11 ratings

UTrader

Overview

UTrader Offers Online Forex & CFDs Trading Platform
But is This Broker Scam or Utrader Can Be Trusted?
UTrader’s Account Types, Bonuses + Deposit – See Below!

Details

Broker UTrader
Official Website URL www.utrader.com
Headquarters 106 premier building, Mahe, Victoria, Seychelles
Support Number 883 51000 8211 639
Support Types Live Chat, Phone, Contact Form, E-mail
Trading Platform $200
Minimum Account Size $25
Payout 85%
Demo Account Open FREE Demo NOW
Account Types Start, Silver, Gold, VIP
Deposit & Withdrawal Methods VISA, Mater Card, Maestro, OK Pay, Neteller
Number of Assets 150+
Account Currency USD, EUR, RUB, GBP, PLN
Overall Score 7.8/10

Full Review

uTrader is a renown and well-reputed Forex, CFD trading, and cryptocurrency exchange broker. It is still pending its CySEC approval certificate but the latter is due pretty soon. Nonetheless, it is widely regarded as a Forex and crypto investment platform that is capable to deliver the promised and satisfy users’ needs and requirements.

Its ability to provide users with some of the top trading conditions, available on the Internet. All existing user feedback suggests that this is true and that the CFD broker is not involved in any undermining practices.

Forex and crypto brokers are more often regulated and supervised than systems. This does not mean that every single one of them is legit. This cryptocurrency investment platform is created by a group of experienced software developers, programmers, and technical experts.

If you would like to find out all the reasons why we consider the crypto broker to be a safe and trustworthy choice for novices and sophisticated users alike, continue reading the review that follows.

SpotOption Crypto & Multi-Market CFD Trading Platform

This crypto mining alternative provides a wide variety of special features and tools which could help the user achieve financially prosperous results. Above all, we have to mention that it utilizes the SpotOption platform as it is a product of its development team.

uTrader cryptocurrency investment broker operates in several different markets. It works with over 150 different assets from the main Forex categories and with all of the main cryptocurrencies. The best part is that it also offers CFD trading for both of them.

Review Verdict: UTrader is Not a Scam
Visit UTrader Official Website

Users are free to keep their funds secure even in the event of a cryptopocalypse or when the exchange markets are crashing. Traders can achieve good daily results regardless of whether or not the Bitcoin value or that of other Altcoins is on an upward or downward trend.

The best professional Forex and cryptocurrency traders in the world pay more attention to the financial news than to charts analysis. Not that the latter is not important but an unexpected event can entirely change a particular asset price’s direction.

Special Features of the Forex & Crypto Trading Broker

Every legit and genuine cryptocurrency trading platform has to offer its users stable investment conditions and an abundance of special features if it wishes to keep clients satisfied. uTrader Forex broker does just that, meeting the needs and requirements of users who prefer to invest in different platforms.

Let us take a look at what they are:

  • No Additional Downloads: One of the best sides to the fiat and digital currency broker is that it is completely browser-based. It can operate just fine without a view of the utilized device or operational system.
  • Completely Browser-Friendly: Users can also invest on the go as it can be streamed on a tablet or smartphone. The only thing that is required out of the trader is to have a stable Internet connection. From thereon, everything lies in the crypto broker platform’s programming algorithm and its proven capacity to analyze data and forecast market movements correctly.
  • Lots of Learning Opportunities: One of the main reasons why newcomers can make such good use of the brokerage is that presents them with several opportunities for free training while they carry out their first investments. The cryptocurrency investment platform has an expanded Educational Center, which has Beginner and Advanced sections intended for the different types of traders. It also has a platform eBook, Glossary, daily market reviews, global news analyses and an Economic Calendar so that users do not miss out on any important financial events.
  • Reliable Customer Support Care: The customer care service of this currency trading broker is considered to be one of the best in the online investment industry. Commentaries about the support team generally agree that it readily provides useful advice and guidance. One can reach them via live chat, Skype, email, and telephone 24/7 from any country in the world.

Table of Contents

How to Sign Up for uTrader Crypto Trading Platform?

uTrader is a cryptocurrency investment broker platform which features over 200 assets from all the four main investment categories. Live news feeds will keep clients informed about recent movements in the Bitcoin trading, Altcoin investment, and Forex spheres.

Users can get started by simply filling in a short form. They have to give a current phone number and email address. A Personal Account Manager will get in touch with them in order to help them set-up a trading account and customize the details. An email notification, containing a link to the said, will be sent to traders shortly after registration.

The average daily results are good and consistent. It can be utilized to achieve a favorable financial condition. Another great bonus is that the CFD investment broker has a risk management program and offers free training to investors.

There is nothing hard in getting started with the Forex broker, all that one has to do is complete the following easy steps:

2. Open Account & Place Deposit

Solid & Consistent Daily Results

Thanks to its intelligent and sophisticated SpotOption platform, this crypto trading broker can accumulate above the promised average results on the initial investment. The current number of clients who have signed-up with the crypto trading platform exceeds 1,000,000.

The brokerage operates according to the schedule of the five main stock exchanges around the world – the ones in Tokyo, New York, London Shanghai, and Hong Kong. This makes its provided services 24/7. Cryptocurrencies can be traded around-the-clock.

Review Verdict: UTrader is Not a Scam
Visit UTrader Official Website

Low Minimum Deposit Rate

Clients can choose from a vast range of unique tools and account types. One would have to place a minimum required deposit of $300 in order to set up his trading account and begin acquiring earnings. This monetary amount is utilized for investment purposes only and can be withdrawn at any given time. There have been no reported delays of the said procedure. Users have issued only positive feedback in their crypto trading reviews.

Fully Legit & Genuine Crypto Investment Broker

Based on all our findings, our uTrader cryptocurrency exchange verdict would be that it is a legitimate and trustworthy Altcoin trading broker platform. It has a wonderful Education Center and Financial News section which help traders stay up to date with the latest happenings on the market which could trigger a shift in assets’ price.

The crypto broker’s CySEC approval certificate is still pending but it should be displayed on the official website of the brokerage pretty soon. User feedback has been more than positive and lots of people proceed to open an account on the platform. It complies with the best-established SSL 256-bit encryption protocols.

uTrader Offers a Wide Variety of Account Types

This cryptocurrency exchange platform lets users pick from five different account types. One can decide whether to start at the lowest possible and work his or her way up or start and the highest. The latter are best-suitable for more experienced investors.

Every higher account type includes the special features of the previous ones and builds on top of them. Let’s find out what they are:

  • Start Account: This is the lowest account type. The initial deposit ranges between $300 and $3,000. Users are entitled to standard withdrawals, market analysis materials, access to the Education Center, and an introductory course to the crypto investment platform.
  • Silver Account: Minimum investments can be anywhere between $3,001 and $10,000. A newly-added cryptocurrency trading tools are the Personal Financial Analyst and two learning sessions for trading strategies.
  • Gold Account: The most popular account type. One has to invest from $10,001 to $50,000 to open it. Additional features include the once-a-week individual review of the trading account with financial analyst and four investment strategies learning sessions.
  • Platinum Account: Initial deposits can be anywhere between $50,001 and $100,000. Advanced tools include a quarterly trading plan and individual lessons on the developing of a personal trading strategy.
  • VIP Account: Reserved for exclusive and long-term traders, one has to invest at least $100,000 in order to open this account tier. Users gain access to all of the lower ones’ special features and the additional screen demonstration of real-time trading, highest priority to invest online with a financial analyst, and VIP hedging tools.

User Testimonial

‘I opened an account with this cryptocurrency and Forex trading platform about two months ago and have experienced no troubles when trying to withdraw my earnings. All of the available account types present the user with great possibilities to have multiple income streams. I am even beginning to consider whether or not to quit my day job and dedicate my full attention to my family, friends and the many hobbies I have acquired.

This crypto broker provides wonderful grounds on which one can generate good and consistent daily results and deserves your full attention.’

Agnes Soerenson, 39, Sweden

Authentic & Reliable Currency Trading Opportunities!

uTrader is a reliable and legitimate crypto broker choice for both beginners and experienced traders. The interface is easily-customizable and users who open an account are granted a professional analysis, an opportunity to acquire further financial knowledge and insight for free, as well as risk management strategies, and comprehensive guidance in the cryptocurrency world.

The uTrader crypto trading platform is one of the best new additions to the online crypto investment and Forex spheres. One should not hesitate but make good use of it by signing up and beginning to trade. Generated daily results are not only satisfactory and consistent but often very impressive if one trades smart.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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