Is UTrader a Scam?

Last updated: December 27, 2017


Is uTrader Scam or Legit? We Found Out The Truth!
Is it Safe To Invest Your Money With uTRader Broker?
Read 100% Detailed uTrader Review & Comments
Minimum Deposit, Complaints & Bonuses – See Below!

Read Full Review


Broker UTrader
Official Website URL
Address Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands
Support Number +883 51000 8211 639
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $300
Minimum Trade Amount $25
Payout 85%
Free Demo Account Open FREE Demo NOW
Regulated Yes
Account Types Start, Silver, Gold, VIP
Deposit & Withdrawal Methods VISA, Mater Card, Maestro, OK Pay, Neteller
Number of Assets 150+
Account Currency USD, EUR, RUB, GBP, PLN
Overall Score 7.9/10

Full Review

Launched in 2011, uTrader is an experienced and reliable forex broker. They have an intuitive website and a very easy to use trading platform. Their trading platform is powered by SpotOption which is one of the leading names in software providers for forex brokers. In addition, uTrader offers a range of features and tools to help traders get started.

There are different account types available for traders to choose from and each one comes with their own distinctive features. To make trading easier and convenient for novice traders, uTrader also offers a range of learning materials in the form of ebooks, webinars, etc.



Review Verdict: uTrader is NOT a Scam

Visit uTrader Official Website


UTrader Scam

Before signing up with a broker, traders must first find out whether they are regulated or not.

While not being regulated doesn’t mean that the broker is a scam, having licenses from a regulatory authority such as CySEC can help make the trading experience a lot safer and convenient. UTrader obtained a license from CROFR in Russia and they are anticipating their license from CySEC. Currently, they are not regulated by CySEC, but since they have been around for long and offer quality service to their customers, we can conclude that they are safe and reliable.


UTrader Minimum Deposit & Withdrawals

Utrader offers a pleasant banking experience to traders. There is a range of payment options available that traders can choose from depending on their preference. Some of the many ways in which you can fund your trading account include credit cards, bank wire transfer and ewallet options such as Neteller, Skrill and WebMoney. The minimum deposit is $300 and the minimum withdrawal is only $10. The withdrawal process is quick and does not attract any fees. Withdrawals via WebMoney take only about 24 hours to be processed.

utrader payment

Review Verdict: uTrader is NOT a Scam

Visit uTrader Official Website

UTrader Bonuses & Promotions

The bonus system at Utrader is also quite flexible. Basically, the amount of bonus you get depends on the type of account you sign up for. Bonuses can reach as high as 150%. Basically, the Start Account attracts a bonus of 50%, Silver Account comes with a bonus of 100%, Gold Account has a bonus of 120% and VIP Account holders get bonus of up to 150%.

In addition, traders can also take advantage of special promotions and offers that run from time to time.  You can talk to your personal manager regarding the bonus policy and the Insurance Program that can help you protect your funds.


UTrader is one of few brokers which gives 150% bonus for opening an account – this applies for the VIP Account. All of its promotions and bonuses are very attractive.

The withdrawal process is fast – up to 24 hours with some of the payment methods. Something that may bother is that UTrader is still not regulated, but the good news is that this broker is currently waiting for its license by CySEC.good choice isscam

2 Responses to “Is UTrader a Scam?”

  1. Does Utrader have an Auto trade option

    • Hi Mike,
      thanks for your question. Only robots have an autotrading feature. Forex brokers cannot offer auto trading directly to customers.
      They can offer signals which the trader can execute manually but not auto trading.
      UTrader offers signals to their customers just contact your account manager to see how to take advantage of it.

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