uTrada Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.utrada.com/register, the company's legitimate regulatory information MalaysiaLFSAStraight Through Processing(STP), to enhance the security of the company's address Wisma Wong Wo Lo, Lot 4A2, Suite 5, 4th Floor, Jalan Tun Mustapha, 87000 Labuan F.T.
uTrada Forex Broker
Basic information
Hong Kong
5-10 years Regulated in Malaysia Straight Through Processing(STP) MT4 Full License Regional BrokersCompany profile
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.
Rating Index
Classic
Premium
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Latest Reviews
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
Danni Andrian
Indonesia
I'm satisfied with this broker, fast process for withdrawal and deposit via crypto method
Positive
2023-12-18
Isla Brown
Italy
User-friendly platform with great charting tools.
Positive
2024-07-22