UTrader User Review: Legit or Scam?


There are numerous binary options brokers today, among which are scams that rob unsuspecting traders. However, under an informed scrutiny, it is easy to point out such brokers. Key factors to look at are; the duration in the industry, regulations, deposits and withdrawal policies and measures put in place to assure investment safety. Customer satisfaction metrics such as quality and promptness of services, especially withdrawals are a critical test too.  Here is a review of UTrader, one of the binary options brokers.

Full Review

UTrader began its operation in 2011 and has grown to outstanding reliability and experience in the sector. SpotOption, a leading software provider for binary options brokerage, supports its user-friendly platform.  Unlike many such websites, UTrader’s website is easy to navigate and intuitive.

They have an array of account types. Each type has its unique features. Hence providing the trader with numerous tailor-made options To help new users get started, UTrader offers various helpful features and tools. The trading experience of novice traders is eased by the many guiding materials available on UTrader. Webinars and e-books are some of the common learning materials. Visit the website by clicking here to learn more.

Is UTrader a Scam?

A trader should always find out if a broker is regulated before signing up. Trading with brokers that have licenses from recognized authorities such as CySEC guarantees convenience and safety during the trading. However, not having a regulatory license is not an obvious indication that the broker is a scam.

The Russian CROFR licensed UTrader. It is currently processing CySEC licensing which they expect to obtain before long. Besides, licensing, UTrader has, for the past six years have offered exceptional services to its customers. It is without a doubt that it has proved to be both reliable and safe.

UTrader Minimum Deposits and Withdrawals

At UTrader, traders receive customized and highly flexible banking services. The minimum deposit amount is $300, and withdrawals can be as little as $10. Traders are offering a vast range of payment options that meet their preference. They can fund their trading accounts using bank wire transfers, credit cards, and e-wallets. The available e-wallet options at UTrader are WebMoney, Skrill, and Neteller. The processing of withdrawals is fast and attracts no charges.  Withdrawals via WebMoney, for example, are usually paid out within 24 hours.

UTrader Bonuses and Promotions

UTrader offers a flexible and efficient bonus system. The amount of bonus a trader is legible to get depends on the account type held. There are four account types namely; Start, Silver, Gold, and VIP accounts. Start accounts attract up to fifty percent bonuses. Silver and gold accounts are entitled to 100 % and 120% bonuses respectively. The VIP account enjoys the highest bonus rates. Traders with such accounts are entitled to bonuses as high as 150%.Besides the bonuses; UTrader has promotions and offers from time to time. Traders can make the best out of these deals when they come by.

For a complete assurance of investment safety, UTrader has an insurance program in place. The insurance program offers protection to the trader’s funds in case of market downturns and the resulting losses. Personal financial managers are vital in explaining these insurance and bonus policies to UTrader clients.


In the many years of its operations, UTrader has exhibited a commitment to quality and reliability. It is possibly one key reason why it survives to date. It is already licensed by a Russian authority and looks forward to obtaining a globally recognized license from CySEC. Once, obtained, the fears concerning its safety will be cleared.

Currently, UTrader is among the few brokers that reward their new customers with a bonus as a high as 150% for just opening an account. Additionally, the quick withdrawal processing and low minimum withdrawals limit sets this broker apart. Besides, being unique, UTrader stands out as a legit binary options broker committed to ensuring service quality and safety of the client’s investment. Post your comment below if you are already using UTrader and enjoying its benefits or click here to sign up now.


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