Offering a live Forex brokerage service since 2006 and an online portal since 2011, uTrader works with a team of 20 finance professionals and IT experts to deliver a 24/7 binary trading platform. Customer support has been a priority of this site since its inception and users can access a team of specialists who can not only offer technical assistance but trading advice.
Being part of Day Dream Investments Ltd. has given uTrader the ability to open offices across Europe, including Israel, Latvia and Russia. In addition to this users can opt to hold their account balance in Euros, GB Pound Sterling or Russian Roubles.
uTrader.com’s Special FX:
One of the major advantages of trading Forex through uTrader is that it’s based on a binary system. In a nutshell this style of trading requires the user to purchase a currency pair at a certain rate and depending on whether it increase or decreases in value they make a profit.
Known as a cash-or-nothing system, binary trading on the foreign exchange market pays a user money if their investment rises above a certain level and doesn’t if it falls below a certain rival. This way of trading is a lot less complex than traditional Forex trading because there are strict time limits and users can experience average profits of up to 71% on each investment.
The basic process of binary trading works like this:
A user selects a currency pair and the timeframe in which they wish to see it mature (move up or down).
Once they’ve selected the above conditions the user must decide whether the asset will move up or down from its current position.
The final step for a user is for them to select the amount of money they want to invest and complete the transaction.
At this point the trade will be declared “open” if the investment is successful at the time of closing then the user will receive a payment directly into their account.
To help assist its users, uTrader offers a comprehensive analytics section which outlines the top trading currency pairs and offers both weekly and daily market reviews.
uTrader utilises the SpotOption platform which provides a simple system described in the above section. Trading in this way doesn’t require any leverage since the user isn’t directly investing in the market but simply speculating on its movements.
For all users a standard account is offered and the following conditions have been put in place:
Minimum account size = $100
Minimum position size = 0.00025 lot
Fixed spreads from 0 pips on major currency pairs.
Expert advisors are allowed.
Digits quoted after the comma = 5
Number of currency pairs available = 15