uTrader – Info in 2020, review and forum, alternatives

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uTrader

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

UTrader Review

Starting our UTrader review, we can say that it is one of the most prominent brokers to trade binary options, which launched in 2020 and from that moment it became really very popular among traders. Now it is a leading force in Eastern European market, because now everyone has an opportunity of trading digital options and make a profit in a very simple format.

UTrader.com Review

Day Dream Investments company operates the broker. The company is headquartered in Riga. UTrader considers one of its main advantages is the presence of online support for an immediate solution to all problems. This is something that is a fundamental question for traders and greatly increases the popularity of the broker.

For new clients this company provides various education tools, such as articles in the education section, trade training and market analysis in the real time, so you can practice before investing your money. UTrader options can bring your life to a new stage of financial independence. One of the key advantages of the company is the ability of trading 24 hours a day, 7 days a week and reap the benefits of market volatility. With access to almost one hundred assets, trading with UTrader ygives you an opportunity to invest anywhere, on your taste. And most importantly is that with UTrader you can get withdrawal quickly and easily.

UTrader Minimum Deposit

Continuing our UTrader review, we should add that you will find many assets with which to start a trading career from scratch or continue the victorious conquest of the market, using all the benefits offered by the company. Any rumors about UTrader scam seems to be baseless. You can be fully confident in the integrity of the provider, because it is certified in the Russian Federation, the FMRRC. Trading with this provider is a simple choice, because it works with more than 250 000 active traders and its yields are up to 85% on High/Low trades and up to 650% on Оne Touch options.

UTrader minimum deposit is only $300, and UTrader minimum bid starts at $ 5 for a 60-second options and $ 20 for standard transactions. A large team of professionals UTrader always ready to help you in any situation and make your trading experience even more enjoyable.

Regulation
Minimum Deposit $300
Maximum Deposit Unlimited
Bonus Welcome Bonus
Minimum Trade Size $5
Trading Platform SpotOption
Account Types Gold, Silver, Start, VIP Account, Platinum
Demo Account
Islamic Account
Account Currencies EUR, GBP, USD
Payment Methods
Withdrawal Fees No fees
Traders From USA
Options Trading
Option Types Call/Put, Long Term, One Touch, Pairs, Turbo Options
Return Rates 85%
Safety Net 100% refund on the deposit amount
Touch Options (Max Rates) 650%
Educational tools Daily Market Analysis Beginner Video Tutorials Beginner Financial Management Beginner Technical Analysis Intermediate Daily Market Analysis Intermediate Video Tutorials Advanced eBook Advanced Daily Market Analysis Advanced Technical Analysis Advanced FAQ Extras Economic Calendar Extras Economic News Extras eBook Extras Live Feed Extras Video Tutorials Intermediate
Assets Commodities, Forex Pairs, Indices, Stocks,
Forex Pairs AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, EUR/CAD, EUR/GBP, EUR/JPY, EUR/RUB, EUR/USD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, EUR/AUD, NZD/USD, USD/ZAR, USD/CAD, USD/CHF, USD/TRY, USD/JPY, USD/PLN, USD/RUB, USD/SGD
Stocks 3M, AIG, ALIBABA, ALLIANZ SE, AMAZON, YANDEX N.V, APPLE, ROSNEFT’, AXIS BANK, BANCO SANTANDER, YAHOO, WYNN RESORTS, BAYER AG, BAIDU, BARCLAYS, BHP-AU, BLACKBERRY, BMW, BP, CATERPILLAR, VOLKSWAGEN, CITIGROUP, COCA COLA, DAIMLER AG, VODAFONE, DEUTSCHE BANK, DISNEY, TWITTER, EBAY, EXXON MOBIL, FACEBOOK, TESCO, GAZPROM, GENERAL MOTORS, GOLDMAN SACHS, TELEFONICA, GROUPON, HITACHI, HSBC-HK, HSBC HOLDINGS, IBM, JP MORGAN CHASE, LAS VEGAS SANDS, LINKEDIN, LLOYDS BANK, LUKOIL RS, MASTERCARD, MCDONALD’S, METRO AG, MICRON, MICROSOFT, NETFLIX, PETROBRAS, PFIZER, RIO TINTO, RIO-AU, S.BANK INDIA, SANDISK, SBERBANK, SIEMENS AG, STARBUCKS, TATA MOTORS, TATA STEEL
Commodities Gold, Silver, Platinum, Oil, Sugar, Wheat, Corn, Coffee
Indices EURO STOXX 50, BOMBAY 30, BOVESPA-F, DAX 30, DAX 30 FUTURE, DOLLAR INDEX F., TEL AVIV 25, EURO STOXX 50, FTSE 100, FTSE 100 FUTURE, TADAWUL, IBEX 35, IBEX 35 FUTURE, STRAITS TIMES, SMI 20 FUTURE, SHANGHAI COMPOSITE, MICEX, NASDAQ 100 Futures, NIFTY
Crypto
Customer Support
Phone
Email [email protected]
Contact form
Live Chat
Call Back
Newsletter
Support Hours 24/7
Supported Languages

Financial Market Relations Regulation Center – Russia

100% refund on the deposit amount

Touch Options Payout (Max)

UTrader.com Review – Trading Instruments

If you prefer diversity in trading options then Turbo Options, Long Term, Pairs, Оne Touch together with classic Call/Put trading by UTrader provide you with unparalleled possibilities to make money as you like and when you like it.

Call/Put is a basic digital options trading tool available for traders since the very start of this market. The general idea is to choose the direction in which the price of an asset is going and to follow the trend by placing your trade in that course to make profit.

Turbo Options allow traders to predict a price movement on a very short scale from 30 to 300 seconds with a potential pay out of up to 85% if you are successful.

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Long Term trades offer you a chance to analyze general news and directions of price movement to make a prediction with a minimum of 3 day waiting period. This option is particularly useful for an older generation, where the pressure of time is minimal, and for those who are used to stock market, which is quite similar to this kind of trade, but requires a substantial amount of investment for a lesser margin of profit.

With Pairs you compare not a single price movement, but the correlation of two assets to each other, for instance, comparing prices of Gold and Silver. With this option you just need to know which asset performs better or worse than the other one to receive a substantial margin of profit.

One Touch offers traders a one-of-a-kind possibility to see if the prearranged set price of a particular asset is reached. For example, if Apple stock reaches its goal rate of 140 at any time by the end of the week your profit can be up to 650%.

UTrader Demo

If you decided to invest in digital options market with the help of UTrader then registering is a straightforward process. It offers five accounts according to the amount you decide to start with. Let’s list them in this UTrader review.

The Start Account ($300-$3000) offers a welcome bonus of 50% together with an introductory video on trading, daily market reviews, video tutorials and trading materials.

The Silver Account ($3001-$10000) provides traders with a 100% bonus and two educational strategies to maximize profits, as well as the perks of the basic account.

If you choose the Gold Account ($10001-$50000) the bonus is raised to 120%, technical and fundamental analysis of the market and an individual 30 minute weekly review of your trading with a personal financial analyst. And your withdrawal requests will be put on priority list.

The Platinum account ($50001-$100000) with a bonus of up to 120% provides you with Quarterly trading plan, and personal trading strategy.

The VIP Account with UTrader minimum deposit from $1000001 gives you an exceptional bonus of 150% with unlimited personal account review by a high-qualified trading specialist.

Many options traders ask if there is UTrader demo. Unfortunately, this provider does not make available any demo trading account to its registered traders.

UTrader.com Review – Bonus

We would like to add in this UTrader.com review that bonuses by UTrader are quite generous. You can receive not one, but two bonuses for your first deposit. The first one matches the money you deposit up to 150%, which is an amazing deal as for every $100 dollars you get $150 more for yourself to keep on trading. And the second bonus secures you from losses by guaranteeing to give you back 100% of your deposit back in a form of a bonus in case you loose your money to continue improving your skills and doing your best to get a profit out of your trading sessions.

UTrader Scam

Summing up our UTrader review, we would like to dispel the myths about UTrader scam. As recent feed-backs shows, this company is rapidly gaining momentum in the Western European segment. One of the positive moments is that there are no complaints on UTrader scam on the web.

Do not forget that UTrader broker is a member of the Center for regulation of relations in the financial markets – a non-profit organization dedicated to the supervision of the observance of high standards of service among financial companies intermediaries. Not every company can boast on it.

Also UTrader during the years of its existence has collected enough strong team of client managers, creating the largest Western European desk is in the industry.

At this point the only omission of the broker is that it does not offer the possibility to open UTrader demo, so that the trading begins only funding a live trading account.

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

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Binary Options Trading School
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