uTrader is an unlicensed binary broker that opened in 2011. They are owned and operated by Day Dream Investments Ltd with an address at Trust Company Complex Ajeltake Road, Majuro, Marshall Islands, MH96960.
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uTRADER Platform
Binary platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good binary options platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. uTrader uses the SpotOption platform, it has a huge range of assets to trade on. The binary options type offered by this platform are the Regular binary, 60sec, Long Term, Ladder, One touch, Limits and pairs.
Withdrawal and Deposit Method
Withdrawal and Deposit methods could be carried out by the following means: Visa, Wire transfer, MasterCard, Neteller, WebMoney, Skrill, OKPay. uTrader broker minimum deposit is $250.
License and Regulation
uTrader is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about these unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.
SCAM ALERT!! You may have been introduced to binary options trading by an automated trading software. Forget the promises, most of them are scams. If you are interested in automated trading then see the one we recommend HERE
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