Warning: We advice all clients to use regulated brokers. UTRADER is an unregulated and unsafe broker.
UTrader is a binary options broker offering its services to traders across the globe through an online platform. It was established in 2011 by Day Dream Investment Ltd and is located in the Marshall Islands. It is one of the few binary options brokers that provide traders with an extensive list of financial tools. The company provides an ROI of 85% as the maximum payout for its financial instruments.
The various markets covered include Forex, commodities, indices and stocks, and the website is available in four languages including English and Russian. Even though most of its features resemble other binary brokers, it has a slightly higher minimum investment amount.
Traders are required to invest at least $10 per trade. Unlike many other brokers, the company does not provide a UTrader demo account, but there is a beginner’s education program available to equip new traders with the basics. Additionally, this has been designed to help beginners understand the market psychology as well as market trading analysis. Traders can contact the broker via channels including Skype, live chat, telephone and email. Read on in this UTrader Review to find out if it is a good choice for you.
Find the best trading platform. You capital is at risk when trading. Be careful.
Is UTrader A scam? Is UTrader Regulated?
The Forex trading world is largely unregulated hence many scams exist. However, UTrader has been popular among a vast number of traders, particularly in Russia. It relies on the SpotOtion platform, a leading software developer, and the entire platform is modern and simple to navigate. The interface is also user-friendly, offering traders a variety of tools for a successful trading experience.
You can select from Binary Options, 60 second Speed Trading, Ladder and Pairs Trading, or Long Term. Additionally, the broker is also available on the Binary Options Robot, one of the most powerful editions of binary trading software. Even though the company is not yet licenced by CySEC, it currently has a licence in Russia.
The SpotOption software and the broker itself has received a good market response. There is no evidence of any UTrader scam, however, there are two main issues of concern with this broker. Firstly the company is not yet regulated, so there is a risk involved that we would not recommend. Secondly, the demo account is only availed on traders who make their deposits. There are many other brokers to choose from, and it always advised to stick with CFD, stock and Forex brokers.
We always advise you to use a regulated CFD broker
Alternatives To UTrader
Online trading is growing in popularity while the number of brokers is consistently increasing. Just like UTrader, IQ Option is a binary trading company providing both long and short-term trading, various investment types, and fast withdrawals. Libertex also provides a comprehensive web-based trading platform, with multiple assets such as precious metals, energies, stocks and market indices.
Despite being a newly established trading platform, any Libertex Review will indicate that the broker has gained legitimacy over a short period. Due to their reliability and compliance with regulatory standards, these two companies can be rendered good alternative trading platforms to check out.