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The WikiFX Score of this broker is reduced because of too many complaints!

U Trade Markets

Mauritius|2-5 years|
High potential risk|

http://www.utrademarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
UTradeMarkets-Real MT5
Server Location Singapore

Contact

+230 214 6826
info@utrademarkets.com
http://www.utrademarkets.com/
suite 803, 8th floor, Hennessy tower, Pope Hennessy street, port louis, 11328, Mauritius
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+230 214 6826

Other ways of contact

Broker Information

More

Company Name

U Trade Markets

Abbreviation

U Trade Markets

Platform registered country and region

Mauritius

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-10-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

U Trade Markets · WikiFX Survey

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U Trade Markets · Company Summary

U Trade Markets Review Summary in 10 Points
Founded 2023
Registered Country/Region Mauritius
Regulation Not regulated
Market Instruments Forex, Stocks, Commodities, Indices
Demo Account Not Available
Leverage Up to 1:500
EURUSD Spread Start from 1.5 pips
Trading Platforms MT5
Minimum Deposit 1,000 USD
Customer Support Phone, Address, Email, Social media, Enquiry form

What is U Trade Markets?

U Trade Markets is a global brokerage firm based in Mauritius. It provides traders with access to market instruments including Forex, Stocks, Commodities, Indices. However, it is important to note U Trade Markets is currently not regulated by any recognized financial authorities which raises concerns when trading.

U Trade Markets' home page

In the forthcoming article, we will conduct a comprehensive analysis of this broker's traits, examining them from multiple perspectives, and presenting you with clear and well-structured information. If this topic intrigues you, we invite you to continue reading. Towards the end of the article, we will also provide a concise summary to offer you a quick overview of the broker's key characteristics.

Pros & Cons

Pros Cons
• MT5 trading platform • Not regulated
• Multiple customer support channels • High minimum deposit
• Zero commissions • Not accept clients from some countries
• Flexible leverage ratios
• No deposit/withdrawal fees

U Trade Markets Alternative Brokers

There are many alternative brokers to U Trade Markets depending on the specific needs and preferences of the trader. Some popular options include:

  • Markets.com - Markets.com is a reputable online trading platform known for its user-friendly interface and a wide range of trading instruments, making it suitable for both novice and experienced traders.

  • NAGA - NAGA is a unique social trading platform that combines trading with a social network, allowing traders to follow and copy the strategies of experienced investors.

  • Rakuten Securities - Rakuten Securities is a well-established brokerage with a global presence, offering a comprehensive suite of trading services and a strong focus on customer satisfaction.

Is U Trade Markets Safe or Scam?

When considering the safety of a brokerage like U Trade Markets or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: Its been verified that the broker is currently not regulated by any recognized financial authorities, which means that there is no guarantee that it is a safe platform to trade with.

  • User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the company. Look for reviews on reputable websites and forums.

  • Security measures: U Trade Markets bolsters security by implementing a comprehensive privacy policy, elucidating the meticulous handling and protection of users' personal data.

Ultimately, the choice of whether to engage in trading with U Trade Markets rests on your personal discretion. It is essential to conscientiously assess the associated risks and potential benefits before arriving at a decision.

Market Instruments

U Trade Markets offers a diverse range of market instruments to cater to the preferences of traders:

Forex (Foreign Exchange): This market allows traders to engage in currency pairs trading. Forex offers a high level of liquidity and is open 24/5, making it attractive to those who seek opportunities in currency fluctuations. Popular pairs include EUR/USD, GBP/USD, and USD/JPY.

Stocks: U Trade Markets provides access to a wide selection of individual stocks from various global stock exchanges. Traders can invest in shares of well-known companies, enabling them to participate in the equity markets and potentially benefit from stock price appreciation and dividends.

Commodities: Commodity trading involves the buying and selling of raw materials and resources such as precious metals, gold, oil, and agricultural products. These assets are popular for portfolio diversification and hedging against inflation or economic uncertainties.

Indices: Trading indices involves speculating on the performance of stock market indices like the S&P 500, NASDAQ, or FTSE 100. Indices represent a basket of stocks, providing a convenient way to gain exposure to broader market trends rather than individual stocks.

Market Instruments

Accounts

U Trade Markets offers a Standard Account with a minimum deposit requirement of USD 1000. This account type provides traders with access to the broker's suite of trading instruments.

The minimum deposit, while not the lowest in the industry, allows traders to begin their trading journey with a moderate investment. It's suitable for individuals looking to explore various financial markets, including Forex, stocks, commodities, and indices, within a balanced trading environment.

Standard account

Leverage

U Trade Markets offers a range of leverage options to accommodate traders with varying risk appetites.

Forex trading with leverage of up to 1:500, while potentially lucrative, demands a cautious approach due to heightened volatility and amplified risks.

forex leverage

Stocks with leverage up to 1:10 provide a more conservative stance, reducing exposure to significant price swings.

stocks leverage

For commodities, leverage up to 1:200 offers flexibility but requires careful monitoring, especially given the inherent volatility of commodity markets.

commodities leverage

Indices, with leverage up to 1:100, allow traders to tap into broader market movements but necessitate prudent risk management.

indices leverage

Regardless of the chosen asset class, traders should approach leverage with caution, employ effective risk management strategies, and thoroughly understand the potential impact on their trading positions and overall portfolio.

Spreads & Commissions

At U Trade Markets, traders can benefit from spreads starting at 1.5 pips without incurring any additional commissions. This pricing structure can be particularly attractive for traders looking to minimize their trading costs while participating in various financial markets, including Forex, stocks, commodities, and indices.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
U Trade Markets From 1.5 pips No commissions
Markets.com Not disclosed Not disclosed
NAGA From 0.7 pips Variable (depending on product)
Rakuten Securities From 0.5 pips No commissions

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

U Trade Markets provides traders with access to the popular MetaTrader 5 (MT5) platform, which is available on multiple operating systems, including Microsoft for desktop users, iOS for Apple device enthusiasts, and Android for those using mobile devices. This extensive compatibility ensures that traders can engage in their preferred trading activities seamlessly, whether they are at their computer or on the go. The MT5 platform is known for its advanced charting tools, technical indicators, and expert advisors, making it a valuable tool for traders seeking a robust and versatile trading experience across different devices and operating systems.

Overall, U Trade Markets trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

Trading Platforms

See the trading platform comparison table below:

Broker Trading Platforms
U Trade Markets MT5
Markets.com MT4/5, proprietary platform
NAGA NAGA Trader Mobile, NAGA Trader for Web ,MT4/5
Rakuten Securities MT4

Deposits & Withdrawals

U Trade Markets facilitates deposit and withdrawal options including popular methods such as Mastercard, Visa card, and wire transfer. One notable advantage is that the broker does not impose any deposit or withdrawal fees, ensuring that traders can efficiently manage their funds without worrying about unnecessary charges.

Deposits & Withdrawals

Customer Service

U Trade Markets provides multiple customer service options to assist its clients. Customers can reach out to U Trade Markets through various channels to address their queries and concerns as below:

Phone: +230 214 6826.

Email:info@utrademarkets.com.

Address: Suite 803, 8th floor, Hennessy tower, Pope Hennessy Street, port louis, 11328, Mauritius.

Moreover, traders can submit inquiries via a convenient enquiry form, or engage with the broker through social media platforms such as Instagram, Facebook, Twitter, Linkedin.

contact details

Conclusion

According to available information, U Trade Markets is a non-regulated Mauritius-based brokerage firm who offers a range of market instruments such as Forex, Stocks, Commodities, Indices as market instruments to traders, it is important to consider certain factors such as non-regulated status that might raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from U Trade Markets before making any investment decisions.

Frequently Asked Questions (FAQs)

Q 1: Is U Trade Markets regulated?
A 1: No, it‘s been verified the broker is currently under no valid regulations.
Q 2: Does U Trade Markets offer the industry leading MT4 & MT5?
A 2: Yes, it offers MT5 platform on windows, Android and iOS devices.
Q 3: Is U Trade Markets a good broker for beginners?
A3: No. it’s not a good broker for beginners because its not properly regulated.
Q 4: Does U Trade Markets offer demo accounts?
A 4: No.
Q 5: What is the minimum deposit for U TRADE MARKETS?
A 5: The minimum initial deposit is 1,000 USD.
Q 6: At U TRADE MARKETS, are there any regional restrictions for traders?
A 6: Yes. UTrade Markets does not provide services to residents of the USA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Libya, Cuba, Myanmar, Yemen, Afghanistan, Vanuatu and EEA countries.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

Is UTrade Markets a Safe Choice for Traders? A Thorough Review

ExposureIs UTrade Markets a Safe Choice for Traders? A Thorough Review

2024-02-28 10:44

UTrade Markets scrutinized: A critical review exposing regulatory weaknesses, trader complaints, and potential risks, urging investors to proceed with extreme caution.

WikiFX
2024-02-28 10:44
Exposure
Is UTrade Markets a Safe Choice for Traders? A Thorough Review

Review 19

19 Comments
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All(19) Latest Positive(14) Neutral(1) Exposure(4)
Exposure
Big scam now in UAE please don't invest
If anyone want register complaint against Utrade Markets please i will join with you i need more victim because i loose my money 36000$, Please don't invest in Utrade. you will lose all your money. They don't have Office in UAE. Utrade is in RED list First of all they will say below point to open the trading account. 1. No swap Charges 2. 20% bonus credit 3. Within 24 hrs withdrawal Don't trust them. 1. They don't have swap charges but they spread charges. If you have active trade over the weekend means, they will increase the spread charges ( Difference between Buy & Sell Value) after market closed. Because of this your floating loss will increase & if dont have free margin means your account will be wiped out completly & you will lose all your money. Example: Platinum/USD: Before Spread: Buy Value: 1920.00 Sell Value: 1923.00 After Spread: Buy Value: 1920.00 Sell Value: 1946.00 If you see the difference above: Before Spread is 3.00 difference & After Spread is 26.00 Difference. So 23.00 got increased. This changes only done by the Utrade brokers in the MT5 app. They have all the access to increase the spread. They will do this changes after market closed. only in weekends (Saturday & Sunday) Spread value is fixed by the brokers only. 2. They will give 20% to 35% bonus credit. But there is no use. You can't withdraw that amount. It will not include in your captial amount. All your floating loss will be deduct first from your capital only. Once your captial amount finished your account will be closed. you can't run with your bonus credit.
Bhanu8415
02-17
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