Score
uTrada
Hong Kong|5-10 years| https://utrada.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
Licensed Institution：uTrada Limited
License No.：MB/19/0042
Basic information
Hong Kong
5-10 years Regulated in Malaysia Straight Through Processing(STP) MT4 Full License Regional BrokersAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
utrada.com
Server Location
Singapore
Website Domain Name
utrada.com
Server IP
13.228.224.148
Company Summary
| uTradaReview Summary | |
| Founded | 2018 |
| Registered Country/Region | Hong Kong, China |
| Regulation | LFSA |
| Market Instruments | 2,100+, Forex, Commodities, Indices, Shares, Energies, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | 1.8 pips (Standard account) |
| Trading Platform | MT4, MT5, UT App |
| Copy Trading | ✅ |
| Min Deposit | $50 |
| Customer Support | Live chat, contact form |
| Tel: +60 87 428898 | |
| Email: support@utrada.com, contact@utrada.com | |
| Social Media: Discord, Twitter, Facebook, Instagram, Linkedin, YouTube | |
| Regional Restrictions | Afghanistan, Belarus, Central Africa Republic, Cuba, Democratic Republic of Congo (DRC), Ethiopia, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar, Nicaragua, North Korea, Somalia, Sudan, South Sudan, Syria, Russia, Ukraine, United States, Venezuela, Yemen and Zimbabwe |
Founded in 2018, uTrada is a forex broker registered in Hong Kong, China, offering more than 2100 market products, such as FX, commodities, indices, energy, shares, and cryptocurrencies, with leverage up to 1:500 and variable spreads from 0 pips via the MT4, MT5, and UT App platform. Demo accounts are available and the minimum deposit requirement to open a live account is $50.
Pros and Cons
| Pros | Cons |
| Regulated by LFSA | Regional restriction |
| Wide range of market offerings | No info on payment methods |
| Demo accounts available | |
| MT4 and MT5 supported | |
| Low minimum deposit | |
| No deposit/withdrawal fees | |
| Multiple contact channels |
Is uTrada Legit?
No, uTrada currently operates under the Labuan Financial Services Authority (LFSA), holding a Straight Through Processing (STP) (No.MB/19/0042).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
 | Labuan Financial Services Authority (LFSA) | Regulated | uTrada Limited | Straight Through Processing (STP) | MB/19/0042 |
What Can I Trade on uTrada?
uTrada asserts to provide more than 2100 tradable products including forex, commodities, indices, energies, shares, and cryptocurrencies.
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| indices | ✔ |
| shares | ✔ |
| energies | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
For consumers who wish to try its platform without having to risk any money, uTrada provides a free demo account.
Besides, uTrada provides three different live trading account kinds with distinct features: Ultra, Premium, and Standard.
| Account Type | Ultra | Premium | Standard |
| Execution Type | ECN | STP | STP |
| Min Deposit | USD 100 | USD 50 | USD 50 |
Leverage
uTrada offers leverage up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Fees
| Account Type | Ultra | Premium | Standard |
| Spread | 0.0 pips | 1.2 pips | 1.8 pips |
| Commission (per lot) | USD 7 | USD 0 | USD 0 |
Trading Platform
uTrada offers top-ranked MT4 and MT5platforms. In addition, uTrada also offers an incoming application called UT App which is available to download on both Apple Store and Google Play.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| UT App | ✔ | Mobile | / |
Deposit and Withdrawal
uTrada doesn't openly reveal any info on payment methods. We only know that they seem to charge no deposit and withdrawal fees.
Keywords
- 5-10 years
- Regulated in Malaysia
- Straight Through Processing(STP)
- MT4 Full License
- Regional Brokers
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Natsuki H., Hyogo
Colombia
The spreads are too big, I feel like I'm paying more than I should every time I trade... There are hidden fees that I don't like. It's frustrating to find out I have to pay more than I expected after I've made a trade. I wish the costs were easier to understand... 💔💔💔
Neutral
06-28
意逆志
Netherlands
It is highly recommended that everyone try a demo account before making real trading. The defaulted leverage on their demo account is 1:100 and their trading environment on the MT4 is also very good! But I haven’t decided whether to open a live account at uTrada. There seem to be plenty of other well-performing traders to choose from.
Neutral
2022-11-23
坏脾气
Hong Kong
My friend Jimmy recommended this broker to me, but I haven’t decided to use it yet, Ummm… trading fees seem expensive compared to other brokers, but its minimum deposit is not that high, maybe I can have a try, anybody have any suggestions for me?
Neutral
2022-11-23
Isla Brown
Italy
User-friendly platform with great charting tools.
Positive
07-22
Danni Andrian
Indonesia
I'm satisfied with this broker, fast process for withdrawal and deposit via crypto method
Positive
2023-12-18
Shaun
Ecuador
To be honest, I have been trading with this company for two months, if you count the time I spent on the demo account, I have been trading for three months! I think your transaction costs are reasonable. The amount of spreads and commissions are not very high, which I really like. As for leverage, the maximum leverage is 1:100, but I think for most people, learning to control risk is more important than making quick profits.
Positive
2022-11-25