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uTrader Broker Review

  1. This broker is closed for South Africa. 

    uTrader is a binary options broker established in 2011.

    This brokerage company is owned and operated by the uTrader Day Dream Investments Ltd.

    Traders in South Africa would be glad to know how uTrader accepts South African traders to join their trading platform and begin trading binaries with goal to maximize profits if possible.

    For more details regarding this broker and its platform, read further in our uTrader broker review.

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    uTrader Broker – South Africa

    To start trading binaries with uTrader, minimum deposit is $200. This amount is lower than average in binary trading which makes is it even more accessible. Accepted currencies according uTrader broker review are: USD, EUR, RUB, GBP and PLN.

    Maximum payout possible is 85%, while minimum investment starts from $25.

    This broker offers more than 90 different underlying assets, covering stocks, commodities, currencies and indices. The full list of assets can be seen under Asset Index tab.

    Also, this trading platform is available on English, Polish and Russian language.

    uTrader Platform and Trading Features

    As we learnt in uTrader broker review, they rely on SpotOption, one of the leading software providers in binary industry. Entire platform looks very modern and yet simple for traders to navigate over it. Interface is user-friendly and this broker offer registered traders a variety of trading tools for a potential successful binary trading experience.

    In uTrader broker review, we noticed how traders in South Africa are able to choose between several trade options, such as 60 Seconds, High/Low, One Touch, Long Term, Pairs and Ladder Options.

    Unfortunately, we haven’t noticed demo account option. In binary industry, demo account presents is an important segment of trading binary options since it enables traders beginners to test the platform before depositing any money. In demo, traders use virtual funds and that is why demo trading is actually risk free trading.

    What we discovered in uTrader broker review is the fact this broker is available on Binary Options Robot.

    Binary Options Robot is one of the most powerful editions of free binary auto trading software on South African market.

    However, our uTrader broker review showed us how this broker offers 2 powerful trading instruments: Double Up and Rollover feature.

    With Double Up, traders are able to double the trade if they are convinced the trade is going in the right direction. This second trade has to be under the same conditions as the previous trade.

    Regarding Rollover, South Africans can postpone expiry time of their trade if they think their price prediction is incorrect. This way, they can turn potential loss to a possible chance to profit. Rollover feature can be used lastly up to 10 minutes before expiry time of their initial trade.

    Another popular and widespread trading service available on uTrader platform is mobile application.

    This app can be downloaded both from App Store and Google Play. South African traders can continue trading binary options by using their smartphones and tablets, not only computers.

    On uTrader mobile app, traders have on disposal over 90 underlying assets, as well as 24 hours assistance. Mobile platform is transparent and simple to use which makes binary trading process more simple.

    uTrader Account Types

    uTrader broker review revealed how traders in South Africa can choose between 5 account types,where each account is consisted of different trading instruments and features.

    uTrader Start Account

    • Deposit $300 – $1000
    • Edu and analytics materials
    • Platform introduction
    • Standard withdrawal rules

    uTrader Silver Account

    • Deposit $1001 – $5000
    • Edu and analytics materials
    • Platform introduction
    • Standard withdrawal rules
    • Education for 2 strategies

    uTrader Gold Account

    • Deposit $5001 – $25000
    • Edu and analytics materials
    • Platform introduction
    • Accelerated withdrawal rules
    • Education for 4 strategies
    • Individual sessions with a trading expert – 30 min/once a week

    uTrader Platinum Account

    • Deposit $2500 – $50000
    • Edu and analytics materials
    • Platform introduction
    • Withdrawals – highest priority
    • Education for 4 strategies
    • Individual sessions with a trading expert – 2 hr/ min. once a week
    • Developing a personal binary trading strategy
    • Quarterly trading plan

    uTrader VIP Account

    • Deposit from $50001
    • Edu and analytics materials
    • Platform introduction
    • Withdrawals – highest priority
    • Education for 4 strategies
    • Unlimited individual sessions with a trading expert – upon request
    • Developing a personal binary trading strategy
    • Quarterly / annual trading plan
    • Real time trading
    • VIP hedging trading tools

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    uTrader Customer Support Service

    What our uTrader broker review showed us it that traders are able to contact uTrader via several channels, such as: email [email protected], live chat, skype and phone numbers.

    We find the contact list to be very useful for traders since they provide sufficient assistance that traders might ask for when in a search to find answers regarding how to trade binaries.

    We were pretty surprised to see how this broker offers an excellent Education tab for registered traders to educate themselves and learn more about how to trade binary options and be efficient in the process of it. Available edu materials include:

    • Beginner’s materials
    • Advanced traders
    • Glossary
    • Binary ebook
    • FAQ
    • Top uTrader’s Analysts

    Under Beginner’s education, traders can learn more about binary trading basics, market psychology and market trading analysis. While under Advanced trading, South Africans can know more about trading strategies and higher levels of trading knowledge.

    Also, FAQ seems as a useful segment of uTrader platform where traders can know more details about this trading platform and how to get the most from trading binaries. Traders are able to find valuable information about different segments, such as My Account, Banking and Trading.

    uTrader Banking

    By our experience, banking with uTrader broker is a simple task both regarding depositing and withdrawing.

    To deliver traders in South Africa the best possible trading services, uTrader offers a selection of deposit methods, such as:

    • Credit cards – Visa and Mastercard
    • E wallets – WebMoney, Skrill, OK Pay, Neteller and MoneyNet

    Although minimum deposit to join uTrader platform is $200, to trade binaries with this broker, lowest deposit amount on a trading account is $300.

    In terms of fund withdrawal, minimum withdrawal amount is $25. Before traders make withdrawals, they first need to submit a withdrawal request (required few documents to confirm identity). Estimated withdrawal time is up to 2 business days for request to be processed and extra few days until funds arrive on traders’ account.

uTrader articles