Score
UTrada
Malaysia|5-10 years| https://www.utrada.com
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Licenses
Licensed Entity：UTrada Limited
License No. MB/19/0042
Basic Information
MalaysiaAccount 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
| UTrada | Infomation |
| Regulatory Status | LFSA |
| Tradable Assets | 2100+，Forex CFDs, Commodities CFDs, Energies CFDs, Indices CFDs, Shares CFDs, Crypto CFDs |
| Spreads | From 0.0 pips |
| Minimum Deposit | $50 |
| Leverage | 1:500 |
| Demo Account | ✅ |
| Funding Fees | From 0% |
| Micro Lot Trading | Available |
UTrada Information
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 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $50.
Regulatory Status
UTrada currently operates under the Labuan Financial Services Authority (LFSA), holding a Straight Through Processing (STP) (No.MB/19/0042).
Pros and Cons
| Pros | Cons |
| Regulated by LFSA | No info on payment methods |
| Wide range of market offerings | - |
| Demo accounts available | - |
| MT4 supported | - |
| Low minimum deposit | - |
Tradable Assets
| What Can You Trade with UTrada | Assets |
| Forex CFDs | ✅ |
| Commodities CFDs | ✅ |
| Energies CFDs | ✅ |
| Indices CFDs | ✅ |
| Shares CFDs | ✅ |
| Crypto CFDs | ✅ |
Account Types
| Account Types | Ultra | Premium | Standard |
| From (Pips) | 0.0 | 1.2 | 1.8 |
| Commissions (per lot) | USD 7 | USD 0 | USD 0 |
| Min Deposit (USD) | 100 | 50 | 50 |
| Min Lot Size | 0.01 Lot | 0.01 Lot | 0.01 Lot |
| Max Leverage | 1 : 500 | 1 : 500 | 1 : 500 |
| Execution Type | ECN | STP | STP |
| Funding Fee | Waived | Waived | Waived |
| Withdrawal Fee (From) | From $0 | From $0 | From $0 |
| Stop Out Level | 50% | 50% | 50% |
| Server Location | London LD4 | London LD4 | London LD4 |
Spreads and Commissions
UTrada offers various account types. The Ultra account has a spread of 0.0 pips but a commission of USD 7 per lot, while the Premium and Standard accounts have spreads of 1.2 and 1.8 pips respectively, with no commission per lot.
| Account Type | Point Spread (Pips) | Commissions (per lot) |
| Ultra | 0.0 | USD 7 |
| Premium | 1.2 | USD 0 |
| Standard | 1.8 | USD 0 |
Trading Platforms
| Trading Platform | Features | Status |
| MetaTrader 4 | Enhance trading experience. Trusted by many traders for MT4 trading. | Available |
| MetaTrader 5 | Supports automated trading, provides signals across sectors, enables personalized strategies & portfolio management. | Coming Soon |
| UT APP | Offers complete trading experience with diverse features for all traders. | Coming Soon |
Deposit & Withdrawal
The information about deposits and withdrawals is not clearly displayed on the official website.
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
2024-06-28
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
2024-07-22
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