uTrader

Editorial Rating:
2.72
Accept US Traders:
No

uTrader.com

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.

The Essentials:

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

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.