Score
Malaysia
|
5-10 years
| https://www.utrada.com
Website
Rating Index
MT4/5
Full License
uTrada-Demo
Influence
D
Influence index NO.1
Vietnam 2.86
MT4/5 Identification
Full License
United KingdomInfluence
D
Influence index NO.1
Vietnam 2.86
LicensesLicensed Entity：UTrada Limited
License No. MB/19/0042
Malaysia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
myutrada.com
utrada.com
VIP is not activated.
| UTrada | Infomation |
| Regulatory Status | LFSA |
| Tradable Assets | 2100+，Forex CFDs, Commodities CFDs, Energies CFDs, Indices CFDs, Shares CFDs, Crypto CFDs |
| Spreads | From 0.0 pips |
| Minimum Deposit | $100 |
| Leverage | 1:500 |
| Demo Account | ✅ |
| Funding Fees | From 0% |
| Micro Lot Trading | Available |
Founded in 2018, UTrada is a forex broker registered in Malaysia, offering more than 2100 market products, such as FX, commodities, indices, energy, shares, and cryptocurrencies, with leverage up to 1:500 and variable spreads from 0 pips via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.
UTrada currently operates under the Labuan Financial Services Authority (LFSA), holding a Straight Through Processing (STP) (No.MB/19/0042).
| Pros | Cons |
| Regulated by LFSA | No info on payment methods |
| Wide range of market offerings | - |
| Demo accounts available | - |
| MT4 supported | - |
| What Can You Trade with UTrada | Assets |
| Forex CFDs | ✅ |
| Commodities CFDs | ✅ |
| Energies CFDs | ✅ |
| Indices CFDs | ✅ |
| Shares CFDs | ✅ |
| Crypto CFDs | ✅ |
| Account Types | Ultra | Premium | Standard |
| From (Pips) | 0.0 | 1.2 | 1.8 |
| Commissions (per lot) | USD 7 | USD 0 | USD 0 |
| Min Deposit (USD) | 500 | 250 | 100 |
| Min Lot Size | 0.01 Lot | 0.01 Lot | 0.01 Lot |
| Max Leverage | 1 : 500 | 1 : 500 | 1 : 500 |
| Execution Type | ECN | STP | STP |
| Funding Fee | Waived | Waived | Waived |
| Withdrawal Fee (From) | From $0 | From $0 | From $0 |
| Stop Out Level | 50% | 50% | 50% |
| Server Location | London LD4 | London LD4 | London LD4 |
UTrada offers various account types. The Ultra account has a spread of 0.0 pips but a commission of USD 7 per lot, while the Premium and Standard accounts have spreads of 1.2 and 1.8 pips respectively, with no commission per lot.
| Account Type | Point Spread (Pips) | Commissions (per lot) |
| Ultra | 0.0 | USD 7 |
| Premium | 1.2 | USD 0 |
| Standard | 1.8 | USD 0 |
| Trading Platform | Features | Status |
| MetaTrader 4 | Enhance trading experience. Trusted by many traders for MT4 trading. | Available |
| MetaTrader 5 | Supports automated trading, provides signals across sectors, enables personalized strategies & portfolio management. | Coming Soon |
| UT APP | Offers complete trading experience with diverse features for all traders. | Coming Soon |
The information about deposits and withdrawals is not clearly displayed on the official website.
UTrada’s regulatory status under the LFSA offers some degree of safety, but I would still consider it to be a relatively higher-risk broker. While the LFSA ensures compliance with local financial laws, it doesn't offer the same level of investor protection that more globally recognized regulators do. From my perspective, when a broker is regulated by a less prominent authority, the protection of my funds is not guaranteed to the same standard. For example, in case of disputes or financial trouble, traders might not have the same recourse or safety nets that they would have with brokers regulated by authorities like the FCA. As a trader, this gives me pause, and I would proceed cautiously, ensuring I understand all the risks involved before making any deposits.
UTrada charges commissions only on the Ultra account type. The commission is USD 7 per lot, which is a reasonable rate considering the tight spreads of 0.0 pips offered on this account. However, for the Premium and Standard accounts, there are no commissions, but the spreads are wider. For traders who are looking for tight spreads and are willing to pay a commission, the Ultra account is ideal. However, for those who prefer not to pay commissions, the Premium and Standard accounts might be a better fit, even with the higher spreads. As a trader, I always weigh the pros and cons of spreads versus commissions, and UTrada provides flexibility depending on my trading preferences.
Similar to deposit fees, UTrada does not mention withdrawal fees on its website. Without this information, I cannot accurately assess the cost of withdrawing my funds. Withdrawal fees can add up and eat into my profits, so it’s important for me to understand them before I start trading. The lack of transparency about withdrawal fees is concerning because it leaves me uncertain about how much I would actually receive after a withdrawal. I prefer brokers that are upfront about their withdrawal fees, so I can plan my financial management accordingly.
UTrada offers a maximum leverage of 1:500, which is relatively high compared to many other brokers. This leverage allows me to control larger positions with a smaller amount of capital, but it also comes with increased risk. As a responsible trader, I would use leverage carefully and only when I have a solid understanding of market conditions. High leverage can amplify both profits and losses, so I would approach it cautiously.
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FX3695831824
Malaysia
This is the first time I have encountered such a company. The internal statements are different. One moment they say your order is strange and they won’t pay you. The other moment they say your principal can be used to make a profit and you can continue to trade. Your MT4 account is blocked without any evidence. I don’t recommend you to use it. Everything is up to you. There is no system or rules at all.
Exposure
Isla Brown
Italy
User-friendly platform with great charting tools.
Positive
Natsuki H., Hyogo
Colombia
The spreads are too big, I feel like I'm paying more than I should every time I trade... There are hidden fees that I don't like. It's frustrating to find out I have to pay more than I expected after I've made a trade. I wish the costs were easier to understand... 💔💔💔
Neutral
Danni Andrian
Indonesia
I'm satisfied with this broker, fast process for withdrawal and deposit via crypto method
Positive
Shaun
Ecuador
To be honest, I have been trading with this company for two months, if you count the time I spent on the demo account, I have been trading for three months! I think your transaction costs are reasonable. The amount of spreads and commissions are not very high, which I really like. As for leverage, the maximum leverage is 1:100, but I think for most people, learning to control risk is more important than making quick profits.
Positive
意逆志
Netherlands
It is highly recommended that everyone try a demo account before making real trading. The defaulted leverage on their demo account is 1:100 and their trading environment on the MT4 is also very good! But I haven’t decided whether to open a live account at uTrada. There seem to be plenty of other well-performing traders to choose from.
Neutral
坏脾气
Hong Kong
My friend Jimmy recommended this broker to me, but I haven’t decided to use it yet, Ummm… trading fees seem expensive compared to other brokers, but its minimum deposit is not that high, maybe I can have a try, anybody have any suggestions for me?
Neutral