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uTrader

UTrader is an online trading platform, offering users the opportunity to trade in Stocks, FX and Options. The website is owned and operated by Day Dream Investments Ltd, a company based and registered in the Republic of the Marshall Islands. The service has been operating since 2011 and it has captivated a dedicated user base located primarily in Eastern Europe. This trading platform is suited to both experienced and novice traders alike. New users will have access to a wide range of educational material, covering all aspects of online trading. These include video tutorials, an extensive Frequently Asked Questions section, a full Glossary of trading terminology, occasional Webinars, as well as a comprehensive Platform eBook. UTrader is an excellent place to begin your trading career.

Regulation

On the uTrader website, there is no material to suggest that the operator is licensed by any government institution. No government body logo can be found anywhere on the website, nor a registration number is cited in any of the documentation. In essence, uTrader is not regulated by any entity. This may prove to be a problem for some untrusting users, as there will be no institution to judgement in case of a dispute, nor is there a regulatory body to conduct audits and enforce the law. Furthermore, uTrader is based in the Republic of the Marshall Islands, far away from any European or North American jurisdiction. In short, there is no guaranteed user protection if the company does not want to play nice.

Trading Instruments

At uTrader, you will have an excellent variety of trading instruments to utilize. These include the likes of Forex, CFD, Commodities, Indices, Stocks and Cryptocurrencies. Below you will find a detailed explanation on each individual instrument.

FX

The foreign currency exchange market is the largest liquid market on the planet. It is commonly known as Forex and has been around for decades. The market is completely decentralized, meaning that no single institution is responsible for its existence. Instead, it consists of a large network of banks and other financial institutions. Forex trading volume in a year often exceeds the United States GDP, with billions of dollars being exchanged on a daily basis. At uTrader, you will have access to this lucrative market, as well as the opportunity to trade in some of the most exchanged currencies out there, such as USD, EUR, GBP, etc.

CFD

A contract for difference is an agreement between two parties, that the buyer will pay the difference between the price of the asset at the time the contract was made and when the contract ends. This can be beneficial for either party, because of the price increases the buyer makes a profit, but if the opposite happens then the buyer will have to pay the difference. At uTrader, you will be able to trade in a great variety of CFDs

Commodities

Commodities are some of the most traded assets on the market and they are also very desirable to people outside of the trading industry. Gold, silver and oil are some of the most popular commodities available. In the past, during times of crisis or instability, it was a common practice to invest money into hard or soft commodities. At uTrader, you will be able to trade in a decent number of different commodities, some of which have a very large market presence.

Indices

Indices are a tool used by brokers and investors to assess the current state of a given market. An index is a chart that represents the value of that particular market, with the data gathered by weighing the average value of companies in that trading sphere. Based on this information traders can take appropriate action. At uTrade, you will be able to speculate on and trade in the current state of several of the largest markets in the world.

Stocks

The stock exchange is one of the largest markets in the world for buying and selling company shares. Purchasing stock from a company grants the owner partial ownership of that company based on the number of shares bought. Trading in company stock is of great importance to investors everywhere since it is one of the most lucrative means to make a profit. At uTrade users are given the opportunity to trade in and speculate on several very profitable businesses. This includes companies such as UniCredit, Gazprom, Lukoil RS, Nordea Bank, and more.

Cryptocurrencies

Cryptocurrencies are a relatively new concept, with their origin tracing back to the creation of the Bitcoin blockchain around 2009. Cryptos are a currency that does not exist in physical form and can only be used on the Internet. For the most part, cryptos are a completely decentralized form of currency that is not controlled by a private or government entity. In recent years many new cryptocurrencies have surfaced and the market demand for them is increasing with every passing day. Even governments are beginning to realize their significance. UTrades platform allows you to trade in several of the more popular cryptocurrencies available such as Bitcoin and Litecoin.

Trading Platform

Platforms

PC / MAC

Smartphones

Tablets

SpotOption

UTrader uses SpotOption software for its CFD, Forex and Options offerings. It is one of the most used trading platforms in the world, with the developer company claiming in 2015 to have an annual trading volume of $5 billion. This platform is just as technologically advanced, as it is user-friendly. Using it you will be able to conduct all of your trades in a quick and precise manner. While not visually appealing, the platform itself has a lot to offer you in terms of practicality. For starters, you can alternate between the different trading instruments and assets with a single click of a button. When trading binary option you can have multiple graphics on your screen at the same time. The charts themselves can be customized in a way that best suits your needs.

The software can be accessed directly from your browser and there is no need nor requirement to download a desktop program. The platform will run on any of the modern browsers and is surprisingly light. It is very unlikely that you will experience any lag, delay or stutter when using uTraders platform.

Mobile users also have the chance to participate in the trade. uTrader has provided its user base with an application that can be installed on any device running on Android 4.0.3 and later or iOS version 8.0 or newer. You can find the app on each platforms respective marketplace – the Apple Store for iOS devices, and the Google Play Store for Android smartphones and tablets.

Account Types

At uTrader, there are several account standings that you can have. The ranking begins at Start Account and ends at VIP Account.

A Start Account has only the most basic features available. This includes an introduction to the platform, as well as educational and analytical material. Depositing between $300 and $1,000 will get you a Start Account.

A Silver Account standing can be achieved by depositing between $1,001 and $5,000. The Silver Account enjoys the same benefits as a Start Account, with the addition of a personal financial analyst and education in trading strategies.

A Gold Account is available for anyone who deposits between $5,001 and $25,000. In addition to all the advantages of a silver account, a Gold Account holder will be able to benefit from accelerated withdrawals, even more, education in financial strategies, and an individual review of the trading account with a financial analyst for 30 minutes once per week.

A Platinum Account is the second-to-last standing and it is achieved by depositing $25,000 and $50,000. This account type gets to enjoy the fastest withdrawals, a minimum once per week trading account review for 2 hours, a quarterly trading plan, as well as a personalized trading strategy.

A VIP Account is the highest account standing one can achieve. If you deposit more than $50,001 you will have at your disposal the best that uTrade can offer. This includes unlimited trading account reviews, quarterly and annual trading plans, a personal strategy, the highest priority to trade online with a financial analyst, as well as VIP hedging tools.

BrandMinimumFeesProcessing Time
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BrandMinimumFeesProcessing Time
$10$12Within 1 working day
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$10$25Within 1 working day
$10$12Within 1 working day
$10$12Within 1 working day
$10$12Within 1 working day
$10$12Within 1 working day
$10$12Within 1 working day

Support

uTrader has an excellent customer support team standing by to assist you with whatever you need. There is a variety of ways that you can get into contact with them should the need arise. The first and most convenient way is to utilize the Live Chat system. It will allow you to directly speak with a company representative who will help you with whatever is necessary.

Another way of getting into contact with the support staff is via telephone. There are two dedicated lines that you can call at any time of the day. Alternatively, you can have the agents phone you instead.

Email is another viable alternative. You can forward all of your enquiries to support.en@etrader.com. Surprisingly enough, the support agents can also be reached via Skype at utrader.helpdesk.