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uTrader Broker Review

Details

Broker uTrader
Website URL https://uTrader.com
Founded 2011
Headquarters Ajeltake Road, Majuro, Marshall Islands,
Trading Platform Inbuilt high/low binary
Minimum 1st Deposit $300
Bonus Bonus
Payout 85%
Free Demo Account Yes
Regulated Yes
Regulation FMRRC (certificate number RU 0395 AA Vv0119).
Withdrawal Methods Credit/debt card, neteller, skrill,
Expiry Times 30 seconds to 1hour
Option Types High/Low
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Pros

  • Risk Free Trades Profitability: starting from 85% Regulation: FMRRC Bonuses: up to 150%

Cons

  • Low customer service No Demo Account High minimum deposit No Education
Utrader Review 2021. Should open account with the broker? Is uTrader legit or scam? Finding might help you reach you goal.

uTrader Review 2021

uTrader Review
uTrader was established in 2011 and belongs to the international financial holding Day Dream Investments ltd., registered at the address: Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960. The international activity of the company is regulated by the FMRRC (certificate number RU 0395 AA Vv0119).
uTrader is a popular binary options broker that offers favorable trading conditions through the built-in online terminal. The goal of the company is to create the most comfortable and reliable environment for entering the financial markets. For uTrader, it does not matter if you are a novice in the market of binary options or an experienced trader with many years of experience – you can always count on help and will feel supported by the broker.

Trading platform:

The company offers its clients its own online trading terminal, developed by the broker’s specialists. This is a modified and improved version of the standard trading platform. However you  can see it in many other binary brokers. It provides a wide range (more than 170) of trading instruments, including currencies, raw materials, stocks, indices and 15 cryptocurrencies.
More than 20 indicators for technical analysis of the market are embedded into the terminal. Many traders will also like the possibilities of graphical study of the markets – there are tools for drawing patterns and various figures.
In total, there are three types of binary options: classic, 60 seconds and long-term. These, crucially different options, easily satisfy the needs of the company’s clients, depending on the style and strategy of trading.

Is uTrader Legit Or Scam?

uTrader seems to be legit and reliable, however we do not recommend this platform. Thus our reason for not recommending them are:  The platform is difficult in opening and can cause serious harm to your strategy. More-so it will be very bad to trade with a broker that have a minimum deposit of €300. However in the process of our uTrader review, we noticed that the customer support is very poor. Therefore uTrader broker is not legit and cannot be trusted. Compare uTrader with Iqcent broker.

Deposits and withdrawals

uTrader payment method
uTrader suggests several ways of making a deposit:
– debit/credit cards (Visa, MasterCard, Maestro) and bank transfers;
– popular electronic wallets, such as Skrill, WebMoney, Qiwi and Neteller;
– depositing with the help of cryptocurrency, namely Ethereum and Bitcoin.
If necessary, the broker’s support service will help in matters of financing and money transactions. During the first withdrawal of funds, the client will need to undergo a verification process. This precaution makes it possible to avoid delays and financial disputes in the future. Depending on the type of withdrawal, the transfer can take from several minutes to several days.

Training with uTrader

The training section on the uTrader website consists of a number of universal trade advices. It equally  include recommendations for choosing and creating a strategy. Also, there is a self-instruction manual on the trading platform – it is useful for self-study of the world of trading. All educational resources of the company are provided free of charge. Each uTrader client is assigned his own personal analyst who will accompany him in the process of trading.
uTrader webinars are also worth attention . This is a unique opportunity to observe how the professionals analyze the market, open deals and make profits. At the webinars, the leading experts of the company answer various questions; Share experience and help listeners choose a trading strategy.

uTrader platform Risk-Free Trades

Since uTrader platform 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. They label this feature 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. You can use it for (High/Low and Turbo), and that you only take one risk-free trade at a time.

After the 3 risk free trade, lost trades will be docked from your account. However 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. Another risk free trade is finmax but we recommend videforex.

Portfolio trading from uTrader

For those who understand how the world of binary options works. But they are afraid to take risks or do not have enough experience or free time for successful trading. uTrader has organized a possibility of portfolio investment. Its essence lies in the creation of an individual strategic trading plan. Each portfolio consists of shares, currency, raw materials and indices. The trade itself occurs at varied intervals and with different types of options.
Such a portfolio protects novice traders from losses with the help of competent risk management. However it helps creates opportunities for passive investment for experienced exchange participants. The yield of such a portfolio can reach 36% per month.
uTrader Review Conclusion
Finally we will complete our uTrader review by telling you to avoid the platform. uTrader is not complete reliable binary options broker. Therefore we strongly prefer you trading with binarycent. Binarycent gives its clients profitable advantages for earnings. If you insist in trading with this platform then you are on your own.
Risk warning: binary option or otc trading involve risk and can lead to you losing all your investment. Please invest what you can afford to lose. Check the best techniques for using technical analysis.
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