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uTrader Broker Review 2017

  • Min. Deposit $200
  • Min. Invest $25
  • Return 85%

uTrader, another potentially interesting choice for South Africans, has been present on the market since 2011.

Day Dream Investments Ltd own and operate uTrader binary broker.

In our uTrader broker review, prospective South Africans can learn more details concerning their trading platform, account types and trading features.

uTrader Broker General Info – South Africa

Our initial step in uTrader broker review is their minimum deposit requirements which, in this case, are set at $200.

This is good news for South African traders since this is lower than the binary industry average of $250.

Minimum investment per trades is set at $25. The maximum amount which can be invested in a single trade is set at $5000.

Currencies traders can use to deposit funds with uTrader are GBP, RUB, PLN, USD and EUR.

According to info available on their platform, uTrader claims it is possible for their registered traders to achieve up to 85% of profits.

Their platform is available in English as well as in Russian and Polish.

uTrader

uTrader Platform and Trading Features

The next step in our uTrader broker review is their trading platform which is serviced by SpotOption software, which is one of the leading trading software on the market.

The overall look of their trading platform is modern but at the same time easy to navigate which means traders should not experience any issues. If that happens, this brokerage provides 24/7 customer support service.

It provides traders with plenty of trading tools and features which may be used for potential profits while trading binaries.

Trade options available with uTrader are the following: Pairs, 60 Seconds, High/Low, One Touch, Long Term, Ladder Options and One Touch. Each of these trade options is unique and presents a potential to achieve healthy profits in binary trading.

Alongside these trade options, they also provide a variety of underlying assets, more than 90 in fact, which are sorted into the usual categories of stocks, indices, currencies and commodities. Traders can see a detailed  Asset List in their Education tab, in FAQ section.

In the course of our uTrader broker review, we also discovered several great trading features such as the Rollover feature and a Double Up feature.

The advantage of Rollover feature that South Africans may use is to prolong the expiry time if they notice that their trade is not going in the right direction as this still gives it a chance to potentially profit.

On the other hand, the Double Up feature provides precisely that – an opportunity for traders to double their trade if all going in the predicted direction. This way, they can gain higher profits.

Another beneficial aspect of trading with uTrader is the fact they provide their registered traders with a mobile trading app.

Their app can be used on iOS and Android devices and can be easily downloaded from Google Play and App Store.

Since the mobile trading app also allows South African traders to trade over 90 underlying assets this is a fantastic opportunity for busy individuals.

With uTrader mobile trading app, they can still trade but the location is no longer an issue and traders are actually able to save time a potentially increase their profits.

uTrader Trading Account Types

The next important segment in our uTrader broker review are their trading account types. This binary broker provides five different account types with each offering different trading features.

uTrader Start Account

  • Minimum deposit from $300 – $1000
  • Educational and analytics materials
  • Trading platform introduction
  • Standard withdrawal rules apply

uTrader Silver Account

  • Minimum deposit from $1001 – $5000
  • Educational and analytics materials
  • Trading Platform introduction
  • Standard withdrawal rules apply
  • Education in 2 trading strategies

uTrader Gold Account

  • Minimum deposit from $5001 – $25000
  • Educational and analytics materials
  • Trading platform introduction
  • Accelerated withdrawal rules apply
  • Education in 4 trading strategies
  • Review of the trading account with analyst – 30 min/once a week

uTrader Platinum Account

  • Minimum deposit from $2500 – $50000
  • Educational and analytics materials
  • Trading platform introduction
  • Highest priority withdrawals
  • Education in 4 trading strategies
  • Individual review of trading account with analyst – 2 hr once a week
  • Development of personal trading strategy
  • Trading plan – quarterly

uTrader VIP Account

  • Minimum deposit from $50001
  • Educational and analytics materials
  • Trading Platform introduction
  • Highest priority withdrawals
  • Education in 4 trading strategies
  • Unlimited individual review of trading account with analyst – upon request
  • Development of personal trading strategy
  • Annual or quarterly trading plan
  • Real-time trading screen demonstration
  • VIP hedging trading tools
uTrader

uTrader Customer Support Service

Since customer support service plays an important role in the overall binary options trading process and is, in a sense, the first line of defence, it is very important to maintain the quality.

In our uTrader broker review, we found that this brokerage provides several different communication channels.

Therefore, South African traders can use an email communication via [email protected], Skype communication as well as phone and live chat.

Phone numbers for Canada, the UK and Australia are given at the bottom of their site.

According to information on their site, their customer support service is available around the clock.

However, prior to contacting their customer support service, we advise traders to make an effort and go over their detailed FAQ section as well as the entire Education tab.

The education tab is truly detailed and contains an assortment of fantastic materials such as binary eBook, glossary, beginner’s materials, the section for advanced traders as well as top uTrader’s analysts.

Additionally, plenty of useful info can also be found under Trading Instruments tab which will provide various news concerning markets, underlying assets, finances as well as economic calendar and asset price live chart.

uTrader Banking Info

Lastly, our uTrader broker review will conclude with the info concerning their banking policy.

It would seem that both deposits and withdrawals and simple as well as safe with this broker. They also provide South African trades with several different payment methods and those include:

  • Bank transfer
  • E-wallets: Money.Net, Neteller, OK Pay, WebMoney and Skrill
  • Credit cards: MasterCard and Visa

We have also noticed that even though the minimum deposit with this brokerage is set at $200, the minimum deposit for their Start account is $300.

To initiate the withdrawal, traders will first have to submit the withdrawal request which is usually processed within 2 working days.

The minimum withdrawal amount is set at $25 yet, prior to confirming the withdrawal, the broker may ask traders to submit additional paperwork so as to confirm their identity.

First withdrawal in a month is free of charge with every additional one costing $12. Credit card and e-wallet withdrawals are free of charge.

However, traders should know that wire transfers are charged a $25 processing fee as well.

uTrader - Review Conclusion

uTrader Broker Review
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