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About the company:
uTrader is a binary options broker established in 2011. uTrader website and trademark belong to uTrader Day Dream Investments Ltd. According to the company’s website, uTrader is a regulated broker with a certificate from the Financial Market Relations Regulation Centre in Russia (IFMRRC), RU 0395 AA Vv 0119. The company’s headquarters are located in Riga, Latvia. The broker operates mainly in the CIS countries.
Being a market leader in CFD, Forex and binary options trading, uTrader offers its customers exclusive financial services, including the innovative uTraderTP trading platform, selected analytics, and advanced trading functions.
Trading conditions
uTrader is an innovative online trading platform which provides round-the-clock access to trading CFDs, currency pairs, and more than 90 financial instruments.
On uTrader’s platform, clients can choose to trade several types of options: ladder options, long-term options, 60-second options, and one-touch options. The latter is considered to be the most profitable, yet the most difficult type of options trading.
The company’s official website also features an extended section with analytics, up-to-date economic calendar, financial news, and market and strategy reviews.
Upon registration, customers get a free eBook, video lessons, and articles. A minimum deposit of $200 is required to start trading. With it, clients get access to a demo account and can familiarize themselves with trading and the trading platform. There are no spreads or transaction fees. The broker offers a 50% bonus to welcome new clients.
Trading platforms
uTrader uses the well-known SpotOption software and its own exclusive uTraderTP platform.
Customer support
Customers can contact support service through the phone number listed on the website. Other possible ways of communication include live chat, Skype, and email. There is also a FAQ section available on the website with answers to the most popular queries.
Deposit and withdrawal of funds
Traders can deposit and withdraw funds through various payment methods, including Skrill, Okpay, Neteller, QIWI, Webmoney, as well as through payment cards and bank transfers.
Traders’ reviews
Both negative and positive reviews can be found online. It is difficult to say exactly which of them are paid for and therefore biased.
Advantages and disadvantages
Advantages:
- no transaction fees and spreads;
- low minimum deposit;
- demo account available;
- bonus programs;
- wide selection of analytical materials.
Disadvantages:
- negative reviews;
- no detailed information on customer support;
- unfinished and poorly structured official website.
Conclusion
uTrader is a multifaceted broker for professional trading. The company offers its clients favourable trading conditions with a focus on technological advancement and individual approach. A user-friendly trading platform, available customer support, and a wide selection of analytics and bonus programs make uTrader a promising broker.
