UTRADER Review
Binary options have caused quite a stir in the world of trading, but brokers that concentrate on more niche markets are difficult to come across. The exception to this rule is uTrader.com, which is a binary options broker that emerged on the scene in 2011. Their primary focus is on countries located in Eastern Europe and Russia, and they have their main office in Riga, which is located in Latvia on the Baltic Sea. In addition to being a member of the European Union and having adopted the euro, Latvia is also geographically sandwiched between Estonia and Lithuania. The company has expanded both domestically and internationally, and it now counts more than 250,000 consumers among its clientele. After five years of success, you will have a difficult time finding a single customer complaint about their service posted anywhere on the internet. Despite the fact that they are not presently regulated by an official government agency, they are licensed in the EU, and you will have a difficult time finding any of those complaints online. The company takes great satisfaction in offering services of a high quality and reliability, as well as payout ratios that are among the highest in the business.
To begin, the management team, which is comprised of more than twenty financial specialists with backgrounds in the field, made the decision to install the SpotOption trading platform, which is the current industry standard for excellence and performance. The platform is totally web-based and covers a wide variety of option types and expiration dates for over 150 different asset types. These asset types include currency pairs, indices, commodities, and stocks, with stocks also include 10- and 30-year Treasury Notes. You have the choice of playing it safe with the classic “High/Low” options, which offer payouts of up to 85%, or you can go out and try your hand at a variety of different variations, including the One-Touch option, which offers payouts of up to 650%. You can also improve your trading techniques by utilizing the Double-Up or RollOver features, in addition to the plethora of other tools that are designed to make your experience a positive and happy one. Mobile trading is also available, making it convenient for traders who are often on the go.
There are five distinct account classifications, each with its own individual risk-free trade allowance, welcome bonus percentage, and customized instructional and support package. Every package, beginning with the “Silver” tier and going up, includes direct one-on-one help from a certified assistant. Be sure to familiarize yourself with the trading requirements that come with each sort of bonus. If you enjoy competing against others, you will be pleased to learn that uTrader offers contests for beginners, advanced traders, and professionals, each of which is managed independently. Customer care representatives are available by live chat, email, and phone, and a wide variety of training and support materials are provided. These materials include a massive library of instructional videos, eBooks, and videos, and they are complemented by daily commentary and analysis. If you look at reviews on other binary option rating sites, you’ll notice that the majority of them give uTrader an average rating of between four and five stars. This is a sign that uTrader is doing something right, and it’s definitely something!
FEATURES AT UTRADER
The following is a list of the distinguishing elements that can be found on the uTrader website:
• Established in 2011 and based in Riga, Latvia, with operations worldwide;
• One of the binary option brokers in Eastern Europe with the fastest expanding business;
• Over 250,000 and counting happy clients, both domestically and internationally;
• We are unable to serve customers from the United States at this time;
• The minimum deposit is either 200 US Dollars or 200 Euros, however you can choose to keep your account in U.S. Dollars, Euros, Rubles, British Pounds, or Polish Zloty;
• Five account categories that offer progressively better perks: Start is up to $1,000, Silver is between $1,001 and $5,000, Gold is between $5,001 and $25,000, Platinum is between $25,001 and $50,000, and VIP is over $50,000.
• a variety of promotions, competitions, welcome bonuses, and risk-free trades – check the website for specifics and trading commitments relating to these offers;
• Options such as the time-honored “High/Low,” ladder pairs, turbo, long-term, and one-touch trading are included in the offering;
• Payouts can go as high as 85%, with special One-Touch variations offering payouts of 650%;
• You can choose from over 150 different assets, including foreign exchange (28), commodities (8), and indices (37) and stocks (83);
• A web-based trading platform based on SpotOption, which also includes mobile applications;
• A comprehensive range of features, such as Double-Up and RollOver;
• Customized educational programs catered to each distinct tier of account classification;
• The Education Center provides training for the platform, as well as e-books and tactics for binary options trading, as well as professional market analysis and support from personal managers;
• Support for customers through live chat, email, and the phone accessible at any time, day or night, every day of the week.
PLATFORMS
The management team at uTrader came to the conclusion that the most effective way to present their product would be to center it on the widely used SpotOption binary options trading platform. You will recognize it easily, and it will provide you with additional tools to give you the versatility you require, such as the characteristics of Double-Up and RollOver. The entire system may be accessed via the web, thus complicated downloads are not required. Mobile applications are also supported, and the most recent encryption technology provides peace of mind with regard to the prevention of threats from the outside. Payments can be made using major credit cards as well as wire transfers from your bank account; however, the staff at uTrader has also established relationships with a number of alternative payment processors. These include Skrill, Neteller, OKPay, and Webmoney, as well as debit cards such as Visa, Visa Electron, MasterCard, Diners, Delta, Solo Maestro, and Maestro UK. Credit cards such as Visa, MasterCard, Diners, and Delta are also accepted (Switch). Withdrawal requests are processed within 48 hours, although the number of days involved in the procedure can vary depending on the payment provider you choose. Make sure that all of your AML and KYC documentation is up to date and organized in order to ensure that withdrawal requests are processed in a timely manner.
DEPOSITS AND WITHDRAWALS
Payments can be made using major credit cards as well as wire transfers from your bank account; however, the staff at uTrader has also established relationships with a number of alternative payment processors. These include Shrill, Neteller, OKPay, and Webmoney, as well as debit cards such as Visa, Visa Electron, MasterCard, Diners, Delta, Solo Maestro, and Maestro UK. Other options include credit cards such as Visa, MasterCard, and Diners Club (Switch). Withdrawal requests are processed within 48 hours, although the number of days involved in the procedure can vary depending on the payment provider you choose. Make sure that all of your AML and KYC documentation is up to date and organized in order to ensure that withdrawal requests are processed in a timely manner.
SUPPORT FOR CUSTOMERS
Live chat, email, or telephone access is provided, and the service representatives are well trained and fluent in multiple languages. They are available “24/7.” Every every account comes with its own custom-tailored education and support bundle. The higher your account level, the more of a welcome bonus you get as well as a personal assistant. The company’s resource center features a vast library of videos, lessons, and ebooks, and it hosts competitions aimed at novice, experienced, and professional traders. The company will make an effort to provide you with every resource essential to achieve success, including daily analysis and discussion.
UTRADER: THE FINAL REMARKS
uTrader Day Dream Investments Ltd is the owner of both the website and the trademark for uTrader. The company’s registration information may be found at the Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960. Customer service and other operational components are actually based out of Riga, which is located in Latvia, an EU member state that uses the euro as its primary currency. Despite the fact that the company has only been operational since 2011, it has already amassed a dedicated following because to the approach it takes toward providing “quality of service and individual relationship and attention to every client.” At the most recent count, the number of customers surpassed the threshold of 250,000 without receiving a single complaint. The payoff rates are high, the asset selections are extensive, and there is an abundance of them. Additionally, there is a level of help and training available for everyone, whether they are a novice trader or an experienced one.
Pros
• The turnkey platform is intuitive and offers a wide variety of trading options.
• A benevolent system of bonuses has been put into place.
• Multilingual customer support desk
• The UTrader platform can be used by some of the binary options robots that are now available.
Cons
• There is a fee associated with withdrawals. A fee equal to 12 units of the base currency will be assessed for any withdrawal that occurs in a monthly cycle after the initial withdrawal.
• There are no regulations placed on the brand.
FAQ
• Can you explain the concept of “risk-free trades”?
UTrader will reimburse you for any initial trading losses up to the full amount that you initially invested, provided that these losses occur during the first few trades. These transactions are known as risk-free trades, and they are designed to assist rookie traders in gaining some market confidence and gaining a sense of what it is like to trade with real money.
• What kinds of payment methods does UTrader allow its customers to use?
Cards, digital wallets, and bank transfers are the three primary methods that can be utilized for depositing and withdrawing funds when trading with UTrader.
• Is UTrader subject to regulations?
UTrader does not yet possess a license to operate in any jurisdiction.
• Is it possible to acquire professional analysis on UTrader?
When a user has a high-end account type on UTrader, such as the Platinum account or the VIP account, they have access to expert analysis.
• What trading strategies can I use to take advantage of the US earnings season?
A calendar of upcoming earnings reports for US companies is made available to you so that you can trade binary options on US stocks at the optimal time.
• I am a US citizen. Do I have permission to trade on UTrader?
UTrader is unable to accept US citizens on its platform due to the binary options legislation that are now in effect in the United States.
• I much rather engage in long-term trading. Is there any kind of a deal that I could engage in that would allow me to achieve this?
Long Term transactions are available through UTrader, and they let you choose expiration dates that are as far as a month in the future. You may avoid the intraday volatility of the market this way, and you can have a smooth ride for as long as a month.