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United Trust Bank Forex Broker provides real users with 1 positive reviews, * neutral reviews and 1 exposure review!

United Trust Bank Broker Review

Rating Index

Pros

Regulated by the Financial Conduct Authority (FCA), providing a level of security for clients.

Established since 2001, indicating a long history and experience in the industry.

Offers online customer service support in multiple languages, enhancing accessibility for clients.

Cons

Limited account types and investment options, which may not suit all traders' needs.

Long waiting times for customer service responses, potentially leading to frustration.

No support for cryptocurrency trading or automated trading strategies, which may deter some investors.

United Trust Bank Review 2

Latest All(2) Positive(1) Exposure(1) Market(0)

Exposure

I made a deposit in my trust wallet 150 usdt and was credited 145 usdt and within an hour the funds disappeared in my wallet. below is the address of the wallet that took my funds. I contacted trust wallet support teams and they said I'm a victim of scam , so who scammed me and how do the person get my details. all these questions l asked trust wallet teams but no response from their side.

Collins 7352

2024-03-26

Positive

United Trust Bank is better broker simple trading and making profit withdrawal process is successful relax with this platform

WALAw

2022-12-08

United Trust Bank 2025 Review: Everything You Need to Know

United Trust Bank has garnered mixed reviews in the forex trading community, with some sources highlighting its regulatory compliance and others raising concerns about user experiences and potential scams. Overall, this broker is seen as a viable option for traders, but caution is advised due to reported issues related to withdrawals and customer service.

Note: It is crucial to differentiate between the different entities operating under the United Trust Bank name, as this can significantly impact user experience and regulatory protections. The following review aims to provide a balanced perspective based on various sources to ensure fairness and accuracy.

Rating Overview

Category	Rating (out of 10)
Account Conditions	6.5
Tools and Resources	5.8
Customer Service and Support	5.0
Trading Setup (Experience)	6.2
Trustworthiness	4.5
User Experience	5.3

We assess brokers based on various criteria, including user feedback, regulatory compliance, and service offerings.

Broker Overview

Founded in 2001, United Trust Bank operates as a regulated entity in the United Kingdom, specifically under the oversight of the Financial Conduct Authority (FCA). The broker offers a range of trading services, including forex and CFDs, but lacks the widely-used MetaTrader platforms (MT4/MT5), which may deter some traders. The headquarters is located at One Ropemaker Street, London, EC2Y 9AW, UK.

Detailed Breakdown

Regulatory Regions

United Trust Bank is primarily regulated in the UK by the FCA, which is known for its strict regulatory standards. However, some reports indicate that there are clone firms operating under similar names, leading to potential confusion among users. This highlights the importance of ensuring that clients are dealing with the legitimate entity.

Deposit/Withdrawal Currencies

The broker supports multiple currencies for deposits and withdrawals, although specific details on cryptocurrency support were not prominently mentioned in the reviews. Users should verify the available options directly with the broker.

Minimum Deposit

While specific minimum deposit amounts were not consistently reported across sources, it is advisable for potential clients to inquire directly with United Trust Bank for the most accurate information.

Bonuses/Promotions

Some reviews mention that United Trust Bank offers bonuses for new clients, but details on the terms and conditions of these promotions were not extensively covered. Prospective traders should carefully read the fine print associated with any promotional offers.

Tradable Asset Classes

United Trust Bank provides access to various asset classes, including forex, CFDs, commodities, and indices. However, the absence of popular trading platforms like MT4 and MT5 may limit the trading experience for some users.

Costs (Spreads, Fees, Commissions)

The broker's cost structure, including spreads and commissions, was not explicitly detailed in most sources. Traders should conduct their own research or contact customer service for a complete understanding of the costs involved.

Leverage

Information regarding leverage options was sparse. Traders should confirm the available leverage ratios directly with the broker, as these can significantly impact trading strategies and risk management.

Allowed Trading Platforms

United Trust Bank does not offer the widely-used MetaTrader platforms (MT4/MT5), which could be a drawback for traders who prefer these platforms for their advanced features and tools.

Restricted Regions

The reviews did not provide specific information on restricted regions, but it is generally advisable for traders to check the broker's policies regarding geographical restrictions.

Available Customer Service Languages

Customer service is primarily available in English, with contact options including phone and email support. Some reviews indicated that the responsiveness of customer service could be improved.

Revisited Rating Overview

Category	Rating (out of 10)
Account Conditions	6.5
Tools and Resources	5.8
Customer Service and Support	5.0
Trading Setup (Experience)	6.2
Trustworthiness	4.5
User Experience	5.3

Detailed Analysis of Ratings

Account Conditions (6.5): The broker offers basic account conditions but lacks variety in account types, which may not cater to all trader needs.
Tools and Resources (5.8): While United Trust Bank provides some educational resources, they are not as extensive as those offered by competitors.
Customer Service and Support (5.0): User experiences with customer service have been mixed, with several reports of slow response times and difficulty in resolving issues.
Trading Setup (Experience) (6.2): The trading experience is generally satisfactory, but the absence of popular platforms like MT4 and MT5 may limit functionality for some traders.
Trustworthiness (4.5): Although regulated by the FCA, concerns about clone firms and withdrawal issues have affected the overall trust rating.
User Experience (5.3): User reviews reflect a range of experiences, with some users praising the broker while others report significant issues, particularly regarding withdrawals.

In conclusion, the United Trust Bank review indicates that while this broker has some strengths, potential clients should exercise caution and conduct thorough research before committing their funds. The mixed reviews highlight the need for due diligence, particularly concerning withdrawal processes and customer support experiences.