In this UTrade Review, we are going to take a look at the offer that this broker prepared for its traders. UTrade operates on the financial market since 2018. When it comes to trading platforms, the broker features Web trader and MetaTrader 4. The UTrade minimum deposit is 1 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this UTrade Review
| Website address: | utrade.com.sg (.com.hk, .co.id, .com.my, .co.th) |
| Operated by: | UOB Kay Hian Pte Ltd |
| Licensed and authorised by regulatory bodies: | MAS |
| Supported languages: | English |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] +65-6536-9338 |
| Available deposit methods: | Debit/Credit Cards, bank transfer |
| Available withdrawal methods: | Debit/Credit Cards, bank transfer |
| Minimum deposit: | 1 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 0,6 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex, stocks, commodities, indices |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | Web trader |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Social trading: |  |
UTrade Fees (typical spreads)
We have scanned fees (typical spreads) that UTrade charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 0,6* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 10:10 for the standard account. UTrade spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Frequently Asked Questions
🧐 Is UTrade a Scam?
In accordance with our research, UTrade is a broker licensed and regulated by the MAS. While it is a good thing that the broker is regulated, the MAS regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that UTrade is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the UTrade minimum deposit?
In order to start trading with UTrade, you have to deposit at least 1 USD (Trading accounts can also be held in USD, EUR).
📵 What deposit and withdrawal methods UTrade supports?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 29.09.2024 at 11:42 GMT.
how do I trade using spot trending short
Do not ever invest in U trade….it is a big time scam and I know more than 20
People who are victim of huge personal loss and belongings due to them
HI Sudipta are you talking about utrade markets they are approaching me should i try with them please reply
please don’t get into this trap. You can only deposit and you can’t return it. fraud
u trade is a big scammer plz don’t invest in utrad market
I don’t know anything about trading but I’d like to trade I have fallen into scammer many times who can help me, who can teach me to trade and what’s the best app to trade.
U TRADE MARKET IS BIGGEST SCAM IN UAE NEVER INVEST IN ITT THEY WILL ONLY DEPOSIT NO WITHDRAWAL THE RM WILL FORCE U TO DEPOSIT ONLY THEY WILL MAKE U IN LOSS ONLY NEVER EVER START TRADING WITH U TRADE THE RM BEHAVIOUR IS NOT GOOD THEY WILL ONLY GIVE U DREAMS BUT IN REAL U WILL LOOSE ALL UR MONEY WITHWASH THEY WILL NOT THINK ABOUT URS FINANCIAL SITUATION THEY WILL BORROW MONEY FROM URS FRIENDS AND DEPOSIT ONE WEEK AFTER U RETURNED BUT URS TRADE ONLY GO IN LOSS SO PLEASE DEPOSIT DONT TRADE IN ITT