uTrader is an established binary options broker that opened in 2011. They are owned by Day Dream Investments LTD, located at Trust Company Complex Ajeltake Road, Majuro, Marshall Islands, MH96960. Their European customer service center is in Latvia, Riga.
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uTrader Platform Review
uTrader gives you the easy to use binary options trading software called the SpotOption platform. Their trading platform for binary option is available in English, Netherlands, Polish and Russian as they are a very popular Russian broker. Traders can choose from standard Binary Options, Speed Trading in 60 second options, Pairs Trading, Ladder Option and Long Term (weekly and monthly) options.
The returns on $EUR/USD options are 85%. The minimum deposit for new accounts is $250, and minimum trade size is $20, and $5 on turbo options.
uTrader License & Regulation
When the Scam Broker Investigator reviews a binary options broker to see if they are a legitimate broker or a scam broker we check for a license. Many traders look for a binary options broker that is licensed in Europe at CySEC, the Cyprus Securities and Exchange Commission. Although uTrader is not yet licensed by CySEC, they said they are going to apply to CySEC for a license.
uTrader currently has a license in Russia from CROFR, see here.
For an updated list of licensed brokers, see here.
There are a few ways to compare your broker. Investors seeking other brokers with using the same trading platform, can just do a search on our site for SpotOption brokers. Read the full article about the various trading platforms available.
There are over 200 binary options brokers to choose, see the Top Rated Brokers here.
What was your experience with uTrader? Please share your review in the comments section below.