The brokerage firm invites traders to “join a global community of 120 countries.” It is reported to be regulated in Labuan, a jurisdiction in the Asia-Pacific region. In addition, the brand is owned by UT Solutions LLC. Please note that this organization is registered in St. Vincent and the Grenadines, but brokerage activities are not regulated there.

Should you work with this platform or is it better to look for another option for CFD trading? Find out in our UTrada review, where we examine the services and legitimacy of this broker.

How to Trade

Traders have access to the “UT social trading platform”, MT4 and MT5. The broker provides 3 tariffs with over 2100 derivatives, including commodities, indices, and others. The company attributes its advantages to:

  • Low minimum deposit of $50.
  • No withdrawal fees.
  • Maximum leverage 1:500.

Spreads range from 0.0 to 1.8 (lower value). In turn, the commission per lot is charged only on the Ultra account with zero spreads and is $7.

Affiliate programs include Introducing Broker (IB), which allows you to earn on attracting clients. 

For some reason, the sections “Copy Trading”, “Trading signals” and “PAMM” are closed on the site. In addition, only registered clients can test the terminal functionality on a demo account. Analytics and other additional services of the Academy section are not available.

UTrada Vital Info

There is no information about the company’s history on the site. Meanwhile, the broker’s social media accounts indicate the date of foundation as 2018; by the way, these accounts were created only in the summer of 2024. According to the web archive, the lifespan is indirectly confirmed by the date of registration of the domain, which has been operating all these years. Although the domain was updated in July 2024, like all user documents, the site looks sloppy. As mentioned above, many pages, sections, and links do not open.

We have some questions regarding the project start date, as the site is now managed by two legal entities. Therefore, it is difficult to understand the structure of their relationship. For example, in the footer of the site, UT Solutions LLC is indicated, and in the user agreement, the company UTrada Limited is mentioned. Please note that the first one is registered in Saint Vincent and the Grenadines under number 3738LLC2024, which corresponds to 2024. As for the second company, the broker does not provide any information about it, and we could not find it in the registers of legal entities. Finally, the broker does not show a copy of the license from the Labuan LFSA Commission.

FAQ

What are the key facts about UTrada?

The brokerage firm does not disclose information about the start date of the project, its legal address, or its owners. Meanwhile, the registration number of one of the two companies and the LFSA license number are on the official website. So, the data about the brokerage organization is presented, but not in full.

What's the risk to my wallet when working with this broker?

The reliability of the two companies running this site may be questioned due to their incomplete data. Additionally, the broker operates in 120 countries but does not mention licenses from any jurisdiction other than Labuan. Finally, the huge leverage of 1:500 indicates a high risk of losing your funds, as all reputable regulators limit this parameter to 1:30.

How can I give my thoughts about utrada.com?

Drop us a comment below! After moderation, it will appear on this page. Please note that we reserve the right to remove fake and spam reviews.

Where can I find out about suspicious companies like UTrada?

If you wish to be warned against shadow business, you've come to the right place! Visit our blacklist of companies and learn more about dirty scam methods.

Do you have information about reliable and safe companies?

We also provide users with a carefully crafted list of financial companies that can improve your well-being and generate profits. Check it out, and don't hesitate.