UTRADE Review 2021
Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of UTRADE Trading Company
UOB Kay Hian (UTRADE) is the largest brokerage company in Singapore. Trading with a leader, traders can operate with comfort knowing they are backed by the UOB financial powerhouse. UOB Kay Hian is authorized and regulated by the Monetary Authority of Singapore. As a result, the company fully complies with applicable strict rules and regulations. Customer funds are stored in secure segregated trust accounts.
We work exclusively with the accounts opened through Traders Union.
UTRADE Latest Comments 2021
The reviews by customers of the UTRADE indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of UTRADE published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
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Analysis of the Main Features of the Forex Broker
Trading Conditions for UTRADE Users
| Trading platform: | MT4, UTRADE CFD Pro |
| Accounts: | Real, Demo |
| Account currency: | SGD, HKD, USD |
| Replenishment / Withdrawal: | Credit Card (Visa or Mastercard), Bank Transfer |
| Minimum deposit: | 3000$ |
| Leverage: | 1:20 |
| PAMM-accounts: | No |
| Min Order: | 0.01 |
| Spread: | from 0,8 p |
| Instruments: | Forex, Indicies, Equities , CFDs, ETFs. |
| Margin call/Stop Out: | 100%/50% |
| Liquidity provider: | No |
| Mobile trading: | Mobile Platforms |
| Affiliate program: | No |
| Orders execution: | Market Execution |
| Trading features: | No |
| Contests and bonuses: | No |
Comparison of UTRADE with other Brokers
| UTRADE | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Trading platform |
MT4, UTRADE CFD Pro | MT4, MobileTrading, MT5, cTrader | MT4, MT5, MobileTrading | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option |
| Min deposit | $3000 | $100 | $5 | $200 | $100 |
| Leverage |
From 1:1 to 1:20 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | From 0 points | From 1 point | From 1 point | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 25% / 20% | 100% / 50% | 100% / 30% | 25% / 10% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | $30 | No | No |
| Cent accounts | No | No | Yes | No | Yes |
Broker comparison table of trading instruments
| UTRADE | FxPro | XM Group | Admiral Markets UK | AvaTrade | |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Metalls | No | Yes | Yes | Yes | Yes |
| Crypto | No | No | No | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes |
| indexes | Yes | Yes | Yes | Yes | Yes |
| Stock | No | No | Yes | Yes | Yes |
| ETF | Yes | Yes | No | Yes | No |
| Options | No | Yes | No | No | No |
Contacts
| Registration address | 8 Anthony Road, #01-01, Singapore 229957 |
| Regulation |
MAS Licence number: 197000447W |
| Contacts |
Email:
[email protected],
Phone: (65) 6536 9338 |
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UTRADEThe Oldest Reviews of the UTRADE
The reviews by customers of the UTRADE indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of UTRADE published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
No entries yet.
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FAQs
Do reviews by traders influence the UTRADE rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about UTRADE you need to go to the broker's profile.
How to leave a review about UTRADE on the Traders Union website?
To leave a review about UTRADE, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about UTRADE on a non-Traders Union client?
Anyone can leave feedback about UTRADE on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with UTRADE through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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