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Author: Jacob Bailey
Market Analyst
Jacob Bailey

uTrader Review

Our Expert Rating
Accounts
7.2
Trades
7.2
Bonuses
7.4
Mobile
7.2
Banking
7.0
Features
7.6
Support
7.6
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Editors Summary

uTrader is a more established broker than many of the newer brokers that have recently emerged. They are well reputed, offer their services in many countries and cater for all traders whether beginner or more experienced. They certainly tick all of the boxes when it comes to binary options trading and offer an extensive range of assets and trade types.

Over 110+ assets to trade now
Unique platform created by traders
Education in multiple formats
Multi-language support open 24/7
Limited account funding methods
T&Cs are not made entirely clear
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Introduction

Launched in 2011 and boasting over 1 million traders, uTrader is one of the fastest growing brokers in eastern Europe with a trading platform available in Russian, Polish and English. As a well-known and reputed broker, their operating offices are in the Marshall Islands and Bulgaria. They are regulated by the International Financial Market Relations Regulation Center (IFMRRC) in Russia.

Their trading platform which is built for both desktop and mobile trading, was built by a team of experienced financial traders and developers for trading in binary options, Forex and CFD. There are many different commodities, indices, stocks and currencies available to trade on using a range of different trade types including turbo options and long term.

Deciding whether uTrader is the broker for you can take time, especially when comparing them to other brokers. Who do you choose and what do you base your choice on? Our comprehensive review of this broker will allow you to make an informed decision based on our thorough research and feedback, making your trading experience a much easier one.

In this review, you will learn:

  • The different account and trade types
  • How easy the platform software is
  • Any uTrader special features to use
uTrader Screenshot uTrader Screenshot uTrader Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Account Types

7.2
Account Types

There are 5 different levels of account available with uTrader which are all based on a tiered deposit system. Each of them bring additional benefits, the higher the deposit you make. Accounts start with a minimum requirement of $300 deposit rising to in excess of $100,000 with a top-level, VIP account.

Start Account

This particular account is the entry level account requiring a deposit of between $300 and $3,000. Named 'start' it is an alternative to what many may term a bronze account as it is aimed at newer traders. In return for your deposit, you will benefit from a welcome bonus of up to 50%. You will also receive access to analytical and educational material along with an introduction to the platform. It is the perfect account if you are new to binary options trading.

Silver Account

The next level up from a start account, a silver account requires a deposit of between $3,001 and $10,000. A bonus of up to 100% is available and as well as all the benefits of a start account, you will also receive a personal financial analyst to help with your trading. A silver account is a good choice for those who already have experience with binary options trading but perhaps are looking for the next step up or are new to this particular broker.

Gold Account

For a welcome bonus of up to 120%, a gold account requires an initial deposit of $10,001 - $50,000. This gives you accelerated withdrawals, a personal financial analyst and up to 4 educations in trading strategies as well as at least one individual review of the trading account (30 mins).

Platinum Account

Deposits of between $50,001 and $100,000 are rewarded with a platinum account which offers up to 120% bonus, all the benefits of a gold account and more. This includes a quarterly trading plan, at least one individual review of the trading account (2 hours) and withdrawals with the highest priority.

VIP Account

For those of you that are very serious about trading and looking to raise the investment levels, with a deposit in excess of $100,000 you can open a VIP account that unlocks all of the features of the platform including up to 150% welcome bonus and VIP hedging tools. There are several benefits to being a VIP member and you are sure to be well looked after and catered for.

Supported Languages
German
English
Polish
Russian

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Trade Features And Payouts

7.2
Trade Features And Payouts

Making deposits and withdrawals are easy on this platform. Simply choose your preferred method of deposit to open an account. Whether you like to trade in stocks, currencies, commodities or indices, there is something for everyone with trade types aimed at different skills sets, trading styles and experience levels. If successful, you can be rewarded with payouts of up to 85%.

High/Low Trades

Otherwise known as call/put or high/low options, these are the most common and most popular options available. Simply predict whether the price of the asset will finish higher or lower than the price at the entry point of the trade in order to be successful.

Long Term Trades

Long term options are any expiry times that go over a day. These can be anything from a matter of days to a month. They are harder to predict than turbo or intraday options as they are more vulnerable to market changes or other big news stories that affect the markets.

Turbo Trades

Starting at 60 seconds, turbo options are more fast paced. They are popular with beginners and those who like to trade for fun as they are over in a very short time. A lot of trades can be placed in a short space of time making them more attractive to those who like to see quick results. They can also make your account balance rise or fall very quickly.

Pair Trades

Essentially, pairs options trading is about pitting the performance of one asset against another. Predicting the outcome of which asset will do the best is the aim of this particular type of trading. If you are particularly knowledgeable about the price of silver and gold for example, you may decide to use these as your pair.

One Touch Trades

With one touch options, two prices are set – these are known as the strike prices. They are usually set higher and lower than the market price of the asset. You have to choose which of them will be met within the expiry time. High payouts are available with one touch options but you need to know what you are doing.

uTrader are a more established broker than many of the newer brokers that have recently emerged.

Bonuses And Promotions

7.4
Bonuses And Promotions

The bonuses available from uTrader entirely depend on the size of the deposit and level of account that you open. For a "start" account which requires anything between $300 - $3,000, the bonus available is up to 50%. On a $3,000 deposit this would give you funds of $4,500 to trade with.

This rises to up to 150% with a top-level VIP account. As with most bonuses and promotions, you must trade a certain number of times with the bonus in order to be able to withdraw it.

Mobile Trading

7.2
Mobile Trading

Trading on the move is a must for many of you now. Gone are the days of being tied to a computer during trading hours. Now you want to be able to trade on markets around the world at any time of the day or night.

With uTrader's mobile trading offering this is now possible thanks not only to their mobile website but also the availability of apps on both iOS and Android. Download the app and you are ready to trade on the move, wherever you are and whenever you want.

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Deposits And Withdrawals

7.0
Deposits And Withdrawals

Making deposits and withdrawals are easy on this platform. Simply choose your preferred method of deposit to open an account. uTrader accept debit and credit cards as well as many forms of e-wallets and wire transfer. The minimum deposit is $300 and the minimum withdrawal is $25.

Withdrawn funds are processed within 2 days (quicker for those with higher priority accounts) and returned to the same source of funding. Deposits can be made in many different currencies but you should be aware that currency conversion and processing fees may apply.

Special Features

7.6
Special Features

While there isn't a demo platform available to traders, there are numerous other features. In addition to the extensive range of assets and trade types, there are many educational and analytical tools available.

These tools are aimed at both beginners and experienced traders alike. There is also a market sentiments bar which shows the tilt of the market and the percentage of traders that are buying and selling.

Trending Pages

Customer Support

7.6
Customer Support

Customer support is very accessible. The first thing that you will notice when you arrive on the website on desktop is the chat facility. This is displayed as a minimised box in the bottom right hand corner which can be expanded should you need assistance.

This same functionality is also available on the mobile site. In addition to this you can Skype, call or email the customer support team. The telephone number displayed will depend on the language/flag you have chosen in the right-hand corner of the site.

Contact Details

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

uTrader

Conclusion

7.3
Conclusion

uTrader are a more established broker than many of the newer brokers that have recently emerged. They are well reputed, offer their services in many countries and cater for all traders whether beginner or more experienced. They certainly tick all of the boxes when it comes to binary options trading and offer an extensive range of assets and trade types.

Their customer support facility is accessible and their website is comprehensive and easy to navigate with apps to download for those who prefer to trade on the move. We find this broker to be a good choice for those who want to enjoy binary options trading.

Our Rating System (More Info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

10% 10% 10% 15% 15% 20% 20% Pie Core
  • Account Types
  • Banking & Payouts
  • Bonuses & Promotions
  • Mobile Trading
  • Trade Types
  • Special Features
  • Customer Support

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Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Frequently Asked Questions

FAQ

Is uTrader legit, will they scam me?

With 8 years of trading under their belt, uTrader have been around since 2011. They are regulated in Russia where trading rules are strict.

Do they have a decent mobile or tablet app?

While their mobile site is a little on the small side if you are using a small mobile phone this is not a problem as they offer the download of an app both for iOS and Android.

What bonus do they offer new traders?

Bonuses are tied to the level of account that you open and the amount of deposit that you make. If you open a start account with between $300 and $3,000 deposit then you will receive up to 50% bonus.

Can I start trading on a free demo account?

While many brokers offer a demo account with or without a live account, uTrader does not offer this facility. If you are new to the platform we recommend taking advantage of the educational tools.

What's the minimum deposit and trade amount?

The minimum deposit that you will need to be able to use uTrader is $300. This is the minimum amount required to open an entry level account. The minimum trade amount is $10.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst

Jacob has been an author for us since our launch in 2012. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.

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