uTrader Review
There are now so many different binary brokerages that to ensure success as a company it is essential to target a specific niche. The UTrader broker review shows that this firm, although based in the Seychelles, is targeting traders in Eastern Europe and Russia. In fact, they currently are not even able to accept traders from the US. The firm started trading in 2011 and has built a good reputation for providing a fair and safe trading facility. You can choose from an extensive range of options; all offering good rates of return.
Account Levels
As with almost all binary brokers there are different levels of account depending upon how much you are prepared to put down as your initial deposit. Alongside this there are a variety of incentives to help persuade you that this is the right broker for your needs.
The simplest account goes by the name ‘start’; it requires a minimum deposit of just $300 and your initial investment will be rewarded with a fifty percent welcome bonus. You will also gain access to a range of market reviews, and other educational materials.
If you choose to deposit more the $1,000 you will be eligible for the silver account and a one hundred percent welcome incentive. You also gain access to a larger range of educational and trading material and are able to consult with a personal advisor. The gold account requires a minimum deposit of $5,000 and sees you receive a massive one hundred and twenty percent bonus, or, to really get the best deal from a broker you can review the UTrader VIP account. Simply add funds of $25,000 or over and enjoy the one hundred and fifty percent bonus to say thank you.
Trading
A review of UTrader shows it is a broker which offers an extensive range of assets; in fact it has worked hard to ensure you will be able to access the most popular items for trading. These include an extensive list of currencies; all the major ones, such as pound sterling, US dollars, the Russian Ruble and Euro’s are available to trade in. Alternatively you can choose from some of the most popular stocks in the world; such as BP, Google and BMW. Almost every indices is available although the list of commodities is restricted to the eight most popular.
The review of this broker shows that UTrader offers a good range of option regarding how you can trade. The simplest type of trading requires you to predict the price movement of an asset; in return you can see a profit of up to eighty five percent. If you are keen on placing higher risk trades you can use the one touch method, or, you can create a ladder trade which is high yield but higher risk. Trades can be completed in as little as sixty seconds, or you can opt to have your trades expire in just five minutes. Alternatively there are options to trade longer term; this can be from as little as two days to as long as three or four months. It can be very difficult to predict what the price of an asset may do during this timescale.
The best paying trades, which are the riskier ones, such as one touch, can offer rewards as high as five hundred percent.
There is an extensive educational section of this broker’s site. The usual e-books, video tutorials and webinars are available. UTrader also offers a detailed economic calendar and up to the date news regarding events which can have an effect on the binary trading markets. A UTrader broker review shows that the firm uses the popular SpotOption software. This ensures the site is easy to navigate and well laid out; allowing all traders to focus on the trades and not how to place them.
Finance
Although being able to trade a wide array of assets is important, the financial part of any broker must be reviewed thoroughly as this is one of the most important features. UTrader accepts your funds via almost any credit or debit card, wire transfer and even a range of electronic options such as Neteller and Ok Pay. You can select whether to pay your funds into your account in US dollars, pounds sterling, Russian rubles or Euro’s.
All requests to remove funds are processed within forty eight hours; they must be for a minimum of $25 and only one per month will be processed for free. After this they will incur a $12 charge per transaction. It is important to note that you will not be able to access any funds until you have traded at least twenty times your bonus amount.
Assistance can be provided and queries answered by contacting UTrader via email, phone, Skype, or even the live chat option. Support is available twenty four hours a day and helps to ensure any review of UTrader is favorable.
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