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uTrada

Hong Kong|5-10 years|
Regulated in Malaysia|Straight Through Processing(STP)|MT4 Full License|Regional Brokers|

https://utrada.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
UtradaTech-Demo MT4
Server Location United Kingdom

Contact

+60 87 428898
support@utrada.com
https://utrada.com
Rm 7B, One Capital Place, 18 Luard Road, Wan Chai, Hong Kong.

Licenses

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

Single Core

1G

40G

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uTrada · Company Summary

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 contained in this article is for general information purposes only.

General Information & Regulation

General Information & Regulation

uTrada, a trading name of uTrada Limited, presents itself as an STP broker registered in Labuan, Malaysia that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and variable spreads from 0.8 pips on the MetaTrader4, uTrada ProTrader and uTrada ProTrader (Demo) trading platforms, as well as a choice of two different live account types and 24/5 technical & account support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that uTrada is regulated under Labuan Financial Services Authority (Labuan FSA), license number MB/19/0042. That is why its regulatory status on WikiFX is listed as “Regulated” and receives a relatively high score of 5.35/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

uTrada advertises that it offers 5 asset types and more than 50 instruments to trade in, which include forex, commodities, index CFDs and single stock options.

Market Instruments

Account Types

Apart from demo accounts, uTrada claims to offer two types of live trading accounts, namely Classic and Premium. The minimum initial deposit amount is only $100 for the Classic account, while the Premium account requires a much higher minimum initial amount of $50,000.

Account Types

Leverage

The leverage provided by uTrada is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

uTrada claims that the spread and commission differ depending on account types and asset types. For example, the forex spread on the Classic account starts from 1.2 pips, while the Premium account holders can enjoy tighter spreads as low as 0.8 pips. As for commissions, the CFD commission on the Classic account is 0.3%, while the Premium account has a commission of 0.2%.

Trading Platform Available

Platforms available for trading at uTrada are MetaTrader4, uTrada ProTrader and uTrada ProTrader (Demo) on PC, iOS, Android and Webtrader. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available
Trading Platform Available
Trading Platform Available

Deposit & Withdrawal

The minimum initial deposit requirement at uTrada is said to be $100. However, the broker doesnt bother to reveal any information about the funding methods on its site directly.

uTradas website only states that it does not charge any fees for withdrawals submitted via the Online Cash Withdrawal Module. However, if you do have access to the Online Withdrawal Module but are submitting a withdrawal request via the manual Funds Withdrawal Form, a processing fee of SGD 50 will be applied.

Deposit & Withdrawal

Customer Support

uTradas customer support can be reached Mon-Thu: 9:30–20:00, Fri: 6:00–21:00, Sat: 10:00–15:00 by telephone: + 65 6509-3908 or email: support@utrada.com, contact@utrada.com or live chat. You can also follow this broker on social networks such as Twitter. Head Office: Unit Level 11(A), Main Office Tower Financial Park Labuan, Jalan Merdeka 87000, Labuan Federal Territory Malaysia.

Pros & Cons

Pros & Cons

User Reviews

Zithobile Funcuza - Aug 19th, 2022

That was fantastic and amazing.

Broker Information

Company Name

uTrada Limited

Company Abbreviation

uTrada

Regulatory Status

Regulated

Platform registered country and region

Hong Kong

Company website
Phone of the company
  • +60 87 428898

Twitter
Facebook

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Instagram

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YouTube

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Company address
  • Rm 7B, One Capital Place, 18 Luard Road, Wan Chai, Hong Kong.

  • Wisma Wong Wo Lo, Lot 4A2 Suites 5, 4th Floor, Jalan Tun Mustapha, 87000 Labuan, Malaysia.

Linkedin

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WhatsApp

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QQ

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WeChat

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Customer Service Email Address
  • support@utrada.com

  • contact@utrada.com

Company Summary

User Reviews

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User comment

4

Comments

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Danni Andrian
more than one year
I'm satisfied with this broker, fast process for withdrawal and deposit via crypto method
2023-12-18 11:30
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0
0
Shaun
more than one year
To be honest, I have been trading with this company for two months, if you count the time I spent on the demo account, I have been trading for three months! I think your transaction costs are reasonable. The amount of spreads and commissions are not very high, which I really like. As for leverage, the maximum leverage is 1:100, but I think for most people, learning to control risk is more important than making quick profits.
2022-11-25 19:05
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0
0
意逆志
more than one year
It is highly recommended that everyone try a demo account before making real trading. The defaulted leverage on their demo account is 1:100 and their trading environment on the MT4 is also very good! But I haven’t decided whether to open a live account at uTrada. There seem to be plenty of other well-performing traders to choose from.
2022-11-23 12:21
Reply
0
0
坏脾气
more than one year
My friend Jimmy recommended this broker to me, but I haven’t decided to use it yet, Ummm… trading fees seem expensive compared to other brokers, but its minimum deposit is not that high, maybe I can have a try, anybody have any suggestions for me?
2022-11-23 10:07
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0
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