uTrader Binary Options Broker Review and Latest Bonus Info 2020

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uTrader Review


Launched in 2020 and boasting over 1 million traders, uTrader is one of the fastest growing brokers in eastern Europe with a trading platform available in Russian, Polish and English. As a well-known and reputed broker, their operating offices are in the Marshall Islands and Bulgaria. They are regulated by the International Financial Market Relations Regulation Center (IFMRRC) in Russia.

Their trading platform which is built for both desktop and mobile trading, was built by a team of experienced financial traders and developers for trading in binary options, Forex and CFD. There are many different commodities, indices, stocks and currencies available to trade on using a range of different trade types including turbo options and long term.

Deciding whether uTrader is the broker for you can take time, especially when comparing them to other brokers. Who do you choose and what do you base your choice on? Our comprehensive review of this broker will allow you to make an informed decision based on our thorough research and feedback, making your trading experience a much easier one.

In this review, you will learn:

    The different account and trade types How easy the platform software is Any uTrader special features to use

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

There are 5 different levels of account available with uTrader which are all based on a tiered deposit system. Each of them bring additional benefits, the higher the deposit you make. Accounts start with a minimum requirement of $300 deposit rising to in excess of $100,000 with a top-level, VIP account.

Start Account

This particular account is the entry level account requiring a deposit of between $300 and $3,000. Named ‘start’ it is an alternative to what many may term a bronze account as it is aimed at newer traders. In return for your deposit, you will benefit from a welcome bonus of up to 50%. You will also receive access to analytical and educational material along with an introduction to the platform. It is the perfect account if you are new to binary options trading.

Silver Account

The next level up from a start account, a silver account requires a deposit of between $3,001 and $10,000. A bonus of up to 100% is available and as well as all the benefits of a start account, you will also receive a personal financial analyst to help with your trading. A silver account is a good choice for those who already have experience with binary options trading but perhaps are looking for the next step up or are new to this particular broker.

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Gold Account

For a welcome bonus of up to 120%, a gold account requires an initial deposit of $10,001 – $50,000. This gives you accelerated withdrawals, a personal financial analyst and up to 4 educations in trading strategies as well as at least one individual review of the trading account (30 mins).

Platinum Account

Deposits of between $50,001 and $100,000 are rewarded with a platinum account which offers up to 120% bonus, all the benefits of a gold account and more. This includes a quarterly trading plan, at least one individual review of the trading account (2 hours) and withdrawals with the highest priority.

VIP Account

For those of you that are very serious about trading and looking to raise the investment levels, with a deposit in excess of $100,000 you can open a VIP account that unlocks all of the features of the platform including up to 150% welcome bonus and VIP hedging tools. There are several benefits to being a VIP member and you are sure to be well looked after and catered for.

Trade Types And Payouts

Making deposits and withdrawals are easy on this platform. Simply choose your preferred method of deposit to open an account. Whether you like to trade in stocks, currencies, commodities or indices, there is something for everyone with trade types aimed at different skills sets, trading styles and experience levels. If successful, you can be rewarded with payouts of up to 85%.

High/Low Trades

Otherwise known as call/put or high/low options, these are the most common and most popular options available. Simply predict whether the price of the asset will finish higher or lower than the price at the entry point of the trade in order to be successful.

Long Term Trades

Long term options are any expiry times that go over a day. These can be anything from a matter of days to a month. They are harder to predict than turbo or intraday options as they are more vulnerable to market changes or other big news stories that affect the markets.

Turbo Trades

Starting at 60 seconds, turbo options are more fast paced. They are popular with beginners and those who like to trade for fun as they are over in a very short time. A lot of trades can be placed in a short space of time making them more attractive to those who like to see quick results. They can also make your account balance rise or fall very quickly.

Pair Trades

Essentially, pairs options trading is about pitting the performance of one asset against another. Predicting the outcome of which asset will do the best is the aim of this particular type of trading. If you are particularly knowledgeable about the price of silver and gold for example, you may decide to use these as your pair.

One Touch Trades

With one touch options, two prices are set – these are known as the strike prices. They are usually set higher and lower than the market price of the asset. You have to choose which of them will be met within the expiry time. High payouts are available with one touch options but you need to know what you are doing.

uTrader are a more established broker than many of the newer brokers that have recently emerged.

Bonuses And Promotions

The bonuses available from uTrader entirely depend on the size of the deposit and level of account that you open. For a “start” account which requires anything between $300 – $3,000, the bonus available is up to 50%. On a $3,000 deposit this would give you funds of $4,500 to trade with.

This rises to up to 150% with a top-level VIP account. As with most bonuses and promotions, you must trade a certain number of times with the bonus in order to be able to withdraw it.

Mobile Trading

Trading on the move is a must for many of you now. Gone are the days of being tied to a computer during trading hours. Now you want to be able to trade on markets around the world at any time of the day or night.

With uTrader’s mobile trading offering this is now possible thanks not only to their mobile website but also the availability of apps on both iOS and Android. Download the app and you are ready to trade on the move, wherever you are and whenever you want.

Deposits And Withdrawals

Making deposits and withdrawals are easy on this platform. Simply choose your preferred method of deposit to open an account. uTrader accept debit and credit cards as well as many forms of e-wallets and wire transfer. The minimum deposit is $300 and the minimum withdrawal is $25.

Withdrawn funds are processed within 2 days (quicker for those with higher priority accounts) and returned to the same source of funding. Deposits can be made in many different currencies but you should be aware that currency conversion and processing fees may apply.

Special Features

While there isn’t a demo platform available to traders, there are numerous other features. In addition to the extensive range of assets and trade types, there are many educational and analytical tools available.

These tools are aimed at both beginners and experienced traders alike. There is also a market sentiments bar which shows the tilt of the market and the percentage of traders that are buying and selling.

Customer Support

Customer support is very accessible. The first thing that you will notice when you arrive on the website on desktop is the chat facility. This is displayed as a minimised box in the bottom right hand corner which can be expanded should you need assistance.

This same functionality is also available on the mobile site. In addition to this you can Skype, call or email the customer support team. The telephone number displayed will depend on the language/flag you have chosen in the right-hand corner of the site.

Here are the contact details for uTrader:

    Email – [email protected] Phone – +44 208 077 3096 Address – uTrader Ltd, Ajeltake Road, Majuro, Marshall Islands


uTrader are a more established broker than many of the newer brokers that have recently emerged. They are well reputed, offer their services in many countries and cater for all traders whether beginner or more experienced. They certainly tick all of the boxes when it comes to binary options trading and offer an extensive range of assets and trade types.

Their customer support facility is accessible and their website is comprehensive and easy to navigate with apps to download for those who prefer to trade on the move. We find this broker to be a good choice for those who want to enjoy binary options trading.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is uTrader legit, will they scam me?

With 8 years of trading under their belt, uTrader have been around since 2020. They are regulated in Russia where trading rules are strict.

Do they have a decent mobile or tablet app?

While their mobile site is a little on the small side if you are using a small mobile phone this is not a problem as they offer the download of an app both for iOS and Android.

What bonus do they offer new traders?

Bonuses are tied to the level of account that you open and the amount of deposit that you make. If you open a start account with between $300 and $3,000 deposit then you will receive up to 50% bonus.

Can I start trading on a free demo account?

While many brokers offer a demo account with or without a live account, uTrader does not offer this facility. If you are new to the platform we recommend taking advantage of the educational tools.

What’s the minimum deposit and trade amount?

The minimum deposit that you will need to be able to use uTrader is $300. This is the minimum amount required to open an entry level account. The minimum trade amount is $10.

Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.

uTrader Review

Welcome to our latest uTrader review, where we will be bringing you all the relevant information regarding this popular binary options broker.

uTrader was launched in 2020, and is the brand name of a company called Day Dream Investments Ltd. The support headquarters of uTrader binary trading are in Riga, Latvia, and the brand is currently working on expanding its operations in Eastern Europe.

Is uTrader licensed and regulated?

uTrader has already gained quite a reputation for its work with Russian-speaking clients. That’s no mean feat, as this can be a very complicated sector to conquer. It is currently licensed by CROFR (the Financial Market Relations Regulation Centre in Russia), but there is no licence currently recorded with CySEC. It only recently began providing its services in English, Polish and Dutch as well as Russian, and it may not be long before it receives recognition from other financial regulatory bodies.

The features of uTrader binary trading site

uTrader offers a trading platform powered by SpotOption, which means there is no need for a download, once you’ve decided to give this binary options broker a go. However, those who prefer to trade on the go will be pleased to learn that uTrader has a mobile option, which is available from the Apple AppStore or via Google Play. A minimum deposit of $200 is required to start your journey, with an additional 50% uTrader bonus to welcome new clients.

uTrader offers more than 120 assets to trade on, including some of the most popular stocks, commodities, indices, and currencies. They claim a payout rate of around 86%, which is certainly impressive, but we haven’t yet been able to reach such lofty heights of success.

There are a number of different accounts to take advantage of, each with their own special benefits and features, which we’ll look at a little later in the uTrader review.

Different account types and uTrader bonuses

There are a number of different account options when you sign up with uTrader binary options broker. Each has its own specific requirements and offers a number of different benefits. Take a look at what’s on offer, and then you can weigh up how much you can afford to deposit:

  • Start account – The minimum deposit is $300, and there is a welcome bonus of up to 50%. Standard rules apply to all withdrawals, and account holders get access to analytical and educational material, as well as an introduction to the platform.
  • Silver account – The next step up is the silver account, which requires a minimum deposit of $1,001. Additional benefits include a personal financial analyst, up to 100% welcome bonus, and the chance to learn about two different trading strategies.
  • Gold account – If you’ve got $5,001 or more for an initial deposit you’ll be entitled to a welcome bonus of up to 120%. Accelerated rules apply for all withdrawals, and this time there are four trading strategies to learn about. Gold account holders are also entitled to a 30-minute individual review of their trading account once a week with a financial analyst.
  • Platinum account – The minimum deposit requirement for a platinum account is $25,001. Withdrawal requests are given highest priority, and there is a 2-hour individual review of the trading account, as well as a quarterly plan.
  • VIP account – Investors with $50,001 or more to invest are given VIP status, and the welcome bonus is up to 150%. There are unlimited individual reviews upon request, quarterly and annual trading plans, help with developing a personal trading strategy, screen demonstrations of real-time trading, highest priority to trade online with a financial analyst, and access to VIP hedging tools.

uTrader take their customer support to another level.

Customer support is an important quality to consider when looking for a binary options broker – and you won’t be disappointed with uTrader. Lines of communication are open 24/7 and include Skype, live chat, email, and a phone option. As well as being able to contact customer support, clients are also given the opportunity to take advantage of a personal manager.

There is also a range of educational material and an extensive FAQs section on their site. There is a eBook, and online video lessons, for both beginners and advanced users.

uTrader offers a range of binary options types.

There are more than 120 assets available for trading and a range of trading options types, including the following:

  • Standard high/low (Above/Below)
  • One-touch options
  • Turbo options with 30/60/120/300-second expiry times
  • Long-term options with expiry times of up to a few months
  • Pairs

All the usual payment methods are accepted, including Visa, Maestro, Mastercard, Neteller, WebMoney, and Skrill. Various terms and conditions apply to withdrawals, bonuses, and other payment issues, and the most up-to-date information can be found on the site’s FAQs page.

Brokers » uTrader




Customer Support

Options Choice

  • Large selection of instruments
  • An excellent trading platform
  • Good bonus structure for higher account holders
  • Competitive payouts

  • Not regulated
  • Demo account only available with deposit
  • Customer service leaves room for improvement

UTrader, a serious binary options broker, that is regulated and professional

With so many binary options brokers on the market now it can be difficult for traders to know where to start when it comes to making a choice of broker and trading platform. High-intensity competition between brokers for traders can, widely-speaking, only be a good thing as they jostle for market position by trying to differentiate and demonstrate their attractiveness as a trading destination.

The result has been a notable improvement in the average quality of brokers with trade execution times generally improving, payouts becoming more generous, customer service picking up their game, withdrawals being processed faster, educational resources and trading tools improving and hidden charges becoming less common. However, despite the generally positive trend there, is still a significant range in the quality provided by different brokers. Some are relatively strong across all major differentials while others have more pronounced strengths and weaknesses. We’ve tried to take out a lot of the leg work for binary options traders in this review section by summarizing the main service and product categories.

In this review, we cover UTrader, a relatively seasoned broker on the market since 2020.

Company Information

First established in 2020, UTrader quickly became one of the fastest growing binary options brokers in Eastern Europe before capitilising on that success by continuing its march globally in more recent years. UTrader’s parent company uTrader Day Dream Investments Ltd is registered in the Marshall Islands but the company is headquartered in Latvia, allowing it to do business with the European Economic Area.

The broker offers forex and CFDs trading as well as binary options trading and states that it looks after over 250,000 client accounts in total. Recent growth is focused on Western Europe, already holding the position as the no.1 broker in the Eastern side of the continent.

Trading Software

UTrader’s trading platform uses SpotOption software, one of the biggest independent binary options software providers and used by some of the leading names in binary options brokerage.

As would be expected of a market leader in trading software, the SpotOption platform is to a very high standard: nicely designed, intuitive navigation and usability, quick and convenient functionality for the placing of trades, several binary options variations available and providing a strong suite of trading tools and educational materials.

A nifty feature of the platform is the tile windows function that allows traders to view multiple assets simultaneously.

Another popular tool is the ‘strategy advisor’, an algorithm that uses three common technical indicators (Moving Average, RSI and Bollinger Bands) to provide automated price movement alerts.


UTrader’s SpotOption-powered mobile app is available in both native Android and iOS formats and is widely considered to be one of the best mobile binary options trading apps on the market. Its general and UX design is certainly top-notch and the entire functionality of the desktop trading platform is maintained in an easy-to-use mobile-friendly format.

Assets available

Tradable assets diversity is a strength of UTrader, with the broker offering over 90 over the four major asset classes of forex, commodities, indices and stocks. Around 32 different forex pairs are available from the majors to more exotic pairings such as euro to South African Rand.

Individual company stocks are a particular strength with over 50 available from big companies listed on major European, American and Asian stock markets. Innovative stock pairs are also available, which match up different companies against each other in a way similar to how forex pairs work. Almost 20 equities and commodities indices can be traded and 10 commodities including precious and industrial metals, precious metals to currency pairs and soft commodities such as corn and coffee are available.

Trading Features, Fees and Payouts

Five different kinds of binary options formats can be traded with UTrader:

  • Classic High/Low Binary Options
  • 60 Second Binary Options
  • Long Term Binary Options
  • One Touch Binary Options
  • Pairs

As already mentioned, ‘pairs’ pair up company stocks like forex pairs with the trader predicting if one stock will perform better than the other, rather than simply whether an individual stock will finish up or down on its opening price. 60 second and long-term binary options work in exactly the same way as classic binary options with a timescale up to one minute in the case of the former and between a few days and weeks in the case of the latter. The One Touch format means the asset’s price only has to ‘touch’ a target price at any point before the option’s expiry, regardless of where the price finishes.

Payouts on all binary option formats other than Pairs reach a maximum of 85%, but pairs options payouts can go as high as 250% of the original investment.

A monthly inactivity fee of $/£/€25 is charged to accounts that have been inactive for at least 30 days. UTrader does not charge any payment processing fees on either deposits nor withdrawals in addition to any charges applied by the payment processor chosen by the trader as their preferred service provider.

Bonuses & VIP programs

UTrader offers clients a number of promotion and bonuses. The ‘Risk Free Trades’ insurance programme gives the trader the option to recover losses made on a fixed number of trades and up to a maximum value set by the broker. UTrader customises this bonus programme to each trader individually and new traders should chat with a customer service representative about the offer at the point of opening an account and making a first deposit. The insurance policy can be topped up or renewed at the broker’s discretion during the lifetime of the trader’s account.

Different coaching and education packages are also offered as a promotion, the extent of which are dictated by the size of the deposit made into a trading account. The education packages are tiered into four distinct offers, the basic package awarded to deposits up to $500, ‘Advanced’ up to $1000, ‘Pro’ between $1000 and $4999 and ‘VIP’, which includes working 1to1 with an analyst reserved for deposits in excess of $5000.

The final bonus is a cashback offer which is calculated as a percentage, up to 5%, on trade turnover.

Deposits and withdrawals

Traders can make deposits into their trading accounts and withdraw remaining balance or winnings via a helpful variety of payment processing methods. Visa and Mastercard debit and credit cards are accepted as are several major e-payment processing clients including Skrill, Neteller, MoneyNet, OK Pay and WebMoney. Bank wire transfers are not currently supported as a payment or withdrawal method.

The minimum deposit is $200 or the approximate equivalent in either £, €, Russian roubles or Polish zloty. The minimum withdrawal level is $25 or the equivalent in another of the account base currencies supported.

Customer Support

Customer support is provided in English, German, Russian and Polish and traders can get in touch with customer service representatives via online chat, Skype, telephone or email.

Extra features and resources

The social trading functionality supported on the trading platform is a major plus form many traders and can be employed as a very useful value-added resource. Traders can monitor the performance of peers and choose to follow and mimic the trades made by the most consistently successful. The position size can be adjusted so doesn’t have to be the same as the followed trader. Bid sizes can be reduced if account funds are limited, raised if plentiful or simply according to preference regardless of funds available.


UTrader is a good, solid broker. The SpotOption-powered trading platform, both in desktop and mobile app formats is first class and the broker has not grown consistently since 2020, building up 250,000+ trading clients by not treating them fairly and providing both a good product and customer service, despite not being under the regulatory supervision of a major regulator. A good range of tradable assets and smooth deposit and withdrawals processes reinforce the quality of the trading platform itself.

Is UTrader a safe broker?

While UTrader is not regulated by one of the major regulators, the broker has been operating since 2020 and with over 250,000 trader accounts to its name, has so far proven itself to be a trustworthy custodian of client funds. Lack of regulation may be a turnoff for some but the evidence suggests that UTrader is a reputable broker.

What is the minimum deposit size for a UTrader account?

$300 or the equivalent in £, €, Russian roubles or Polish zloty is the minimum deposit size.

What is the minimum investment stake to trade with UTrader?

$20 or the equivalent in £, €, Russian roubles or Polish zloty is the minimum investment size.

Best Binary Options Brokers 2020:
  • Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo

    2nd place! Good choice!

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