uTrader Review

uTrader is a binary options broker that was founded in 2011. The claim to offer a safe and secure trading platform but is this true? Let’s continue with the review to know the answer:

Advantages
1. Minimum trade size is very low
2. Demo account available
3. Competitive payout rates
4. Wide range of trading instruments
Disadvantages
1. Average number of tradable assets

 

Read the Bottom Line! 
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(3/5)

Minimum Deposit

Their minimum deposit requirement is $250 which is matched with the industry standard that is followed by majority of brokers today.

uTrader Minimum Deposit

 

Minimum Deposit

EZTrader ($200)
anyoption ($200)
BDSwiss ($100)
24option ($250)

 

(4/5)

Design and Layout

uTrader’s website has simplified the standard layout that is commonly used by most brokers today by making cleaner and less space consuming giving it an improved and faster browsing experience.

uTrader Design and Layout

(5/5)

Banking Methods

The payment methods that they accept are the most commonly used ones and this includes credit cards, OkPay, Neteller and bank wire.

(4/5)

Minimum Trade

Placing a Call or Put option can have minimum investment of $20, much lower than the $25 minimum size.

 

Minimum Trade

EZTrader ($25)
anyoption ($25)
BDSwiss ($5)
24option ($24)

 

(4/5)

Available Assets

The platform has a total of 85 diversified assets with flexible expiry time. This is close to the average number of total assets in the market which is currently 76.

uTrader assets

 

Available Assets

EZTrader (91)
anyoption (97)
BDSwiss (68)
24option (104)

 

(9/10)

Trading Platform

uTrader belongs to the majority of brokers that are using the latest Spot 2.0, one of the most powerful trading platforms today.

uTrader Trading Platform

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(9/10)

Quotes

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The prices that can be seen from their platform are synchronized with real-time market data. Delays were very minimal.

(10/10)

Payout Rate

The highest investment return that they can provide is 85%, the same competitive rate that is given out by most brokers in the market.

uTrader Payout Rate

 

Payout Rate

EZTrader (81%)
anyoption (75%)
BDSwiss (85%)
24option (88%)

 

(10/10)

Withdrawal Processing Time

The processing of the withdrawals only takes a maximum of 2 working days. Such speed is considerably faster than the standard 10-day waiting time.

uTrader Withdrawal Processing Time

 

Withdrawal Processing Time

EZTrader (Up to 7 days)
anyoption (Up to 7 days)
BDSwiss (Up to 7 days)
24option (Up to 3 days)

 

(9/10)

Customer Service

Contacting the support can be done via phone, email, live chat and even Skype. They are available 24/7 and the response time is commendably fast.

uTrader Customer Service

(10/10)

Regulation

This brokerage firm currently has a licensed from the Financial Market Relations Regulation Center in Russia.

(12/15)

Brand Reputation

Aside from its good track record since 2011, uTrader has maintained a huge customer base in different countries including Hong Kong, Singapore, Malaysia, New Zealand, Denmark, Sweden, Iceland, Norway and Finland. Some of their known advantages include risk-free trades, 150% maximum bonus and their unique option types.

Our verdict (91/100)

uTrader not only has maintained a solid reputation but it has continued to improve their platform features according to the needs of their traders giving them better opportunities to make good trades and better investment returns. This broker should definitely be your top choice for trading binary options.

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