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Min. Deposit
$200
Regulators
-
US Clients
No
Platforms
SpotOption
Founded
2011

uTrader Review

Binary options have taken the trading world by storm, but brokers that focus on smaller markets are rare to find, except in the case of uTrader.com, a binary options broker that hit the scene in 2011. Their focus is primarily Eastern Europe and Russia, with their operating center located in Riga, Latvia on the Baltic Sea. Located between Lithuania and Estonia, Latvia is a member of the EU and did convert to the Euro, as well. The firm has grown locally and globally, sporting a client base that exceeds 250,000 customers. Although they are not presently regulated by an official government agency, they are licensed in the EU, and, after five years of success, you would be hard pressed to find a single customer complaint about their service on the Internet. The firm prides itself on providing high quality, reliable service and some of the highest payoff ratios in the industry.

To begin with, the management team, including more than twenty financial professionals with industry backgrounds, chose to deploy the SpotOption trading platform, the current industry standard for excellence and performance. The platform is entirely web-based and supports a wide range of option types and expiry periods for more than 150 asset types, including currency pairs, indices, commodities, and stocks, the latter including 10 and 30-year Treasury Notes, as well. You may keep it simple with traditional “High/Low” options with payouts up to 85%, or dabble in a number of other varieties, with One-Touch option payoffs up to 650%. You may also use Double-Up or RollOver features to enhance your trading strategies, along with numerous other tools designed to make your experience an enjoyable one. Mobile trading is also supported for the on-the-go trader.

There are five individual account classifications, each with a varying welcome bonus percentage, risk-free trade allowance, and tailored educational/support package. From “Silver” on up, each package comes with direct one-on-one support from a trained assistant. Be sure to read the trade commitments associated with each type of bonus. If you like competitions, uTrader provides hefty prizes for separately managed beginner, advanced, and professional contests. Customer service reps are available via live chat, email and phone, and the range of training and support materials is extensive, including a vast library of tutorials, videos and eBooks, supplemented with daily commentary and analysis. From an external perspective, if you peruse other binary option rating sites, the appraisals generally average in the 4 to 5 star range, an indication that uTrader is definitely doing something right!

uTrader Website


Features at uTrader

The distinguishing features listed by uTrader website are as follows:

  • Founded in 2011 and operating out of Riga, Latvia;
  • One of the fastest growing binary option brokers in Eastern Europe;
  • Over 250,000+ satisfied customers, both locally and globally;
  • U.S. customers not accepted at this time;
  • Minimum deposit is 200 USD or EUR, but account may be maintained in U.S. Dollars, Euros, Rubles, British Pounds and Polish Zloty;
  • Five account categories with escalating benefits: Start – up to $1,000; Silver – From $1,001 up to $5,000; Gold – From $5,001 up to $25,000; Platinum – From $25,001 up to $50,000; and VIP – $50,001+;
  • Various promotions, competitions, welcome bonuses, and Risk-Free trades – check the website for details and related trading commitments;
  • Offering includes classic “High/Low”, Ladder pairs, Turbo, Long-Term, and One-Touch options;
  • Payoffs run up to 85%, with 650% for special One-Touch varieties;
  • Asset choices are 150+: Forex (28), Commodities (8), Indices (37), and Stocks (83);
  • SpotOption web-based trading platform, including mobile applications;
  • Extensive feature set, including Double-Up and RollOver;
  • Individually designed education packages for each level of account classification;
  • Education Center includes platform tutorials, Binary Options E-books, and strategies, along with professional market analysis and personal manager support;
  • Customer support via live chat, email and phone available 24 hours a day, seven days a week.

Platforms

The management team at uTrader elected to base their offering around the highly popular SpotOption binary options trading platform. You will find it familiar and with additional tools for the flexibility you want, as in Double-Up and RollOver features. The system is entirely web based, no tricky downloads necessary. Mobile applications are also supported, and the latest in encryption technology assures peace of mind when it comes to preventing external security threats.Major credit cards and banking wire transfers are accepted for payments, but the team at uTrader has also made arrangements with several other payment processors. These include Skrill, Neteller, OKPay, Webmoney, and debit cards like Visa, Visa Electron, MasterCard, Diners, Delta, Solo Maestro and Maestro UK (Switch). Withdrawal requests are processed within 48 hours, although your chosen payment provider may add more days to the process. Be sure to have your AML/KYC documentation up to date and in order to ensure timely processing of all withdrawal requests.


Deposits and Withdrawals

Major credit cards and banking wire transfers are accepted for payments, but the team at uTrader has also made arrangements with several other payment processors. These include Shrill, Neteller, OKPay, Webmoney, and debit cards like Visa, Visa Electron, MasterCard, Diners, Delta, Solo Maestro and Maestro UK (Switch). Withdrawal requests are processed within 48 hours, although your chosen payment provider may add more days to the process. Be sure to have your AML/KYC documentation up to date and in order to ensure timely processing of all withdrawal requests.


Customer Support

Professionally trained service reps speak several languages and can be accessed “24X7” via live chat, email, or by phone. Each account comes with an individually designed education and support package. Higher account levels include a personal assistant and larger welcome bonus. Competitions are offered for beginner, advanced, and professional traders, and the company’s resource center includes a wealth of videos, tutorials, and ebooks. Daily analysis and commentary round out the firm’s attempt to give you every tool necessary to be successful.


uTrader – Conclusion

The uTrader website and trademark are owned by uTrader Day Dream Investments Ltd, registered at the Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960. Customer service and other operating components are actually resident in Riga, Latvia, a Euro-based country and member state of the EU. Although the firm has only been in business since 2011, it has already established a loyal fan base with its approach to “quality of service and individual relationship and attention to every client.” At last count, clients exceeded the 250,000 threshold, with nary a single complaint. Payoff rates are high, and the asset choices are broad and plentiful, with a level of support and training for everyone, whether beginner or experienced trader.


Best Features

  • Founded in 2011 and operating out of Riga, Latvia;
  • One of the fastest growing binary option brokers in Eastern Europe;
  • Over 250,000+ satisfied customers, both locally and globally;
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.


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