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General Information
Established In 2018, UTrada Is A Forex Broker Registered In Hong Kong, China, Offering Over 2100 Market Products Including Forex, Commodities, Indices, Energy, Stocks And Cryptocurrencies With Leverage Up To 1:500 And Variable Spreads Of 0 Pips Available Through MT4, MT5 And UT App Platforms. Demo Account Accounts Are Available With A Minimum Deposit Requirement Of 50 Dollars To Open A Live Account.
Pros And Cons
Pros
LFSA Regulated
Broad Market Offerings
Demo Account Accounts Available
MT4 And MT5 Supported
Low Minimum Deposit Amount
No Deposit/Withdrawal Fees
Multiple Contact Channels
Disadvantages
Regional Restrictions
No Payment Method Information
Is UTrada Legal?
UTrada Currently Operates Under The Supervision Of Labuan Financial Services Authority (LFSA) And Holds A Straight-Through Processing (STP) License (No. MB/19/0042).
What Can I Trade On UTrada?
UTrada Claims To Offer More Than 2,100 Tradable Products, Including Forex, Commodities, Indices, Energy, Stocks And Cryptocurrencies.
Account Types
For Users Who Wish To Try Their Platform Without Risking Anything, UTrada Offers A Free Demo Account.
In Addition, UTrada Offers Three Different Types Of Live Trading Accounts, Ultra, Premium And Standard.
The Minimum Deposit For An Ultra Account Is $100, And The Minimum Deposit For A Premium And Standard Account Is $50.
Leverage
UTrada Offers Leverage Up To 1:500. Keep In Mind That The Greater The Leverage, The Greater The Risk Of Losing Your Deposited Funds. The Use Of Leverage May Work In Your Favor Or Against You.
Trading Platform
UTrada Offers Top-of-the-line MT4 And MT5 Platforms. In Addition, UTrada Also Offers An App Called UT App, Which Can Be Downloaded On The Apple Store And Google Play.
Deposits And Withdrawals
UTrada Does Not Publicly Disclose Any Information About Payment Methods. All We Know Is That They Don't Seem To Charge Fees For Deposits And Withdrawals.
Customer Support
Live Chat, Contact Form
Phone: + 60 87 428898
Email: Support@utrada.com, Contact@utrada.com
Regional Restrictions
Afghanistan, Belarus, Central African Republic, Cuba, Democratic Republic Of Congo (DRC), Ethiopia, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Somalia, Sudan, South Sudan, Syria, Russia, Ukraine, United States, Venezuela, Yemen And Zimbabwe
