Since its inception in 2011, uTrader has quickly captured the attention of European binary options traders. Utrader is located in Riga, Latvia and has a loyal client base of over 300,000 traders from around the world. Utrader has a license from Russia’s CROFR and has a pending regulatory application to CySEC.
Here’s a quick overview of what traders can expect investing in uTrader.
Account Types
uTrader offers a total of five account types, which are Start, Silver, Gold, Platinum, and VIP. The minimum deposits required to open each account type are: $300, $1,000, $5,000, $25,000, and $50,000. Starter accounts get a 50% welcome bonus, so depositing the minimum $300 can give you an account size of $450. Not bad just for opening a new account.
Each account comes with timely withdrawal requests in addition to analytical and educational material. Utrader’s best value plan is their Gold account, which comes equipped with a 120% bonus, a personal financial analyst, 4 back-tested trading strategies, and a weekly account review.
While their minimum required deposits are higher compared to most other brokers, uTrader’s accounts are loaded with features and special services. Definitely a top broker for high-end traders.
Platform
Like most European binary options brokers, uTrader utilizes the highly acclaimed SpotOption trading platform. Through it, traders get access to over a 100 trading instruments, including popular stocks, commodities, indices, and currency pairs – both majors and exotics.
Their platform is available in English, Polish, Danish, and Russian. The minimum wager amount is $20 and just $5 for Turbo options. For standard High/Low options, payouts range from 70% – 85%, with One Touch payouts going as high as 650%, definitely some of the highest payouts in the industry. Their mobile app is perfect for the busy trader, while their Double Up and Rollover features make minimizing risk an incredibly simple task.
Conclusion
A main component of leading binary options brokers is trust. We scoured forums and chat rooms to find any and all client complaints, but, we reluctantly did not find any complaints or issues investors had trading with uTrader. Their interface is unique and their status as a leading European broker continues to be solidified. All-in-all, we highly recommend trading with uTrader.