uTrader Broker Review South Africa ¦Binary Options Brokers

Best Binary Options Brokers 2020:
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    Top Binary Options Broker 2020!
    Best For Beginners!
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  • BINOMO
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uTrader Broker Review

This broker is closed for South Africa.

uTrader is a binary options broker established in 2020.

This brokerage company is owned and operated by the uTrader Day Dream Investments Ltd.

Traders in South Africa would be glad to know how uTrader accepts South African traders to join their trading platform and begin trading binaries with goal to maximize profits if possible.

For more details regarding this broker and its platform, read further in our uTrader broker review.

uTrader Broker – South Africa

To start trading binaries with uTrader, minimum deposit is $200. This amount is lower than average in binary trading which makes is it even more accessible. Accepted currencies according uTrader broker review are: USD, EUR, RUB, GBP and PLN.

Maximum payout possible is 85%, while minimum investment starts from $25.

This broker offers more than 90 different underlying assets, covering stocks, commodities, currencies and indices. The full list of assets can be seen under Asset Index tab.

Also, this trading platform is available on English, Polish and Russian language.

uTrader Platform and Trading Features

As we learnt in uTrader broker review, they rely on SpotOption, one of the leading software providers in binary industry. Entire platform looks very modern and yet simple for traders to navigate over it. Interface is user-friendly and this broker offer registered traders a variety of trading tools for a potential successful binary trading experience.

In uTrader broker review, we noticed how traders in South Africa are able to choose between several trade options, such as 60 Seconds, High/Low, One Touch, Long Term, Pairs and Ladder Options.

Unfortunately, we haven’t noticed demo account option. In binary industry, demo account presents is an important segment of trading binary options since it enables traders beginners to test the platform before depositing any money. In demo, traders use virtual funds and that is why demo trading is actually risk free trading.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

What we discovered in uTrader broker review is the fact this broker is available on Binary Options Robot.

Binary Options Robot is one of the most powerful editions of free binary auto trading software on South African market.

However, our uTrader broker review showed us how this broker offers 2 powerful trading instruments: Double Up and Rollover feature.

With Double Up, traders are able to double the trade if they are convinced the trade is going in the right direction. This second trade has to be under the same conditions as the previous trade.

Regarding Rollover, South Africans can postpone expiry time of their trade if they think their price prediction is incorrect. This way, they can turn potential loss to a possible chance to profit. Rollover feature can be used lastly up to 10 minutes before expiry time of their initial trade.

Another popular and widespread trading service available on uTrader platform is mobile application.

This app can be downloaded both from App Store and Google Play. South African traders can continue trading binary options by using their smartphones and tablets, not only computers.

On uTrader mobile app, traders have on disposal over 90 underlying assets, as well as 24 hours assistance. Mobile platform is transparent and simple to use which makes binary trading process more simple.

uTrader Account Types

uTrader broker review revealed how traders in South Africa can choose between 5 account types,where each account is consisted of different trading instruments and features.

uTrader Start Account

  • Deposit $300 – $1000
  • Edu and analytics materials
  • Platform introduction
  • Standard withdrawal rules

uTrader Silver Account

  • Deposit $1001 – $5000
  • Edu and analytics materials
  • Platform introduction
  • Standard withdrawal rules
  • Education for 2 strategies

uTrader Gold Account

  • Deposit $5001 – $25000
  • Edu and analytics materials
  • Platform introduction
  • Accelerated withdrawal rules
  • Education for 4 strategies
  • Individual sessions with a trading expert – 30 min/once a week

uTrader Platinum Account

  • Deposit $2500 – $50000
  • Edu and analytics materials
  • Platform introduction
  • Withdrawals – highest priority
  • Education for 4 strategies
  • Individual sessions with a trading expert – 2 hr/ min. once a week
  • Developing a personal binary trading strategy
  • Quarterly trading plan

uTrader VIP Account

  • Deposit from $50001
  • Edu and analytics materials
  • Platform introduction
  • Withdrawals – highest priority
  • Education for 4 strategies
  • Unlimited individual sessions with a trading expert – upon request
  • Developing a personal binary trading strategy
  • Quarterly / annual trading plan
  • Real time trading
  • VIP hedging trading tools

uTrader Customer Support Service

What our uTrader broker review showed us it that traders are able to contact uTrader via several channels, such as: email [email protected] , live chat, skype and phone numbers.

We find the contact list to be very useful for traders since they provide sufficient assistance that traders might ask for when in a search to find answers regarding how to trade binaries.

We were pretty surprised to see how this broker offers an excellent Education tab for registered traders to educate themselves and learn more about how to trade binary options and be efficient in the process of it. Available edu materials include:

  • Beginner’s materials
  • Advanced traders
  • Glossary
  • Binary ebook
  • FAQ
  • Top uTrader’s Analysts

Under Beginner’s education, traders can learn more about binary trading basics, market psychology and market trading analysis. While under Advanced trading, South Africans can know more about trading strategies and higher levels of trading knowledge.

Also, FAQ seems as a useful segment of uTrader platform where traders can know more details about this trading platform and how to get the most from trading binaries. Traders are able to find valuable information about different segments, such as My Account, Banking and Trading.

uTrader Banking

By our experience, banking with uTrader broker is a simple task both regarding depositing and withdrawing.

To deliver traders in South Africa the best possible trading services, uTrader offers a selection of deposit methods, such as:

  • Credit cards – Visa and Mastercard
  • E wallets – WebMoney, Skrill, OK Pay, Neteller and MoneyNet

Although minimum deposit to join uTrader platform is $200, to trade binaries with this broker, lowest deposit amount on a trading account is $300.

In terms of fund withdrawal, minimum withdrawal amount is $25. Before traders make withdrawals, they first need to submit a withdrawal request (required few documents to confirm identity). Estimated withdrawal time is up to 2 business days for request to be processed and extra few days until funds arrive on traders’ account.

uTrader Review

uTrader: Is this the Binary Options platform South African traders should Trust?

Binary Trading is one of the fastest growing ways to earn money online. The term binary refers to how you can just choose between two options, and if you choose the right one you make money. If you think the value of the Japanese yen will go up and it does, then you gain a profit off the deal. But if it goes down instead, you lose your investment.

Unfortunately the choices aren’t as simple when it comes to picking a binary options platform to deal with, because there’s so many of them to choose from. This is especially true for investors in South Africa who often have to deal with companies based abroad. However, we can simplify this particular question into binary form: Should you invest your money with uTrader? Yes or no? On the face of it, there are several good reasons why you might say yes:

uTrader has Plenty of Assets

When you’re a trader and investor, it really helps if the assets offered by the trading binary trading website matches the ones you follow and are interested in. It gives you a greater chance of getting the right call. So having more assets increases the chance that your specialties will be included. At the same time, you also have more assets to choose from should you choose to follow a new asset.

Here, you have:

  • 28 currency pairs, including the exchange rate between the US dollar and the South African rand.
  • 8 commodities, such as platinum and gold.
  • 37 indices, such as the S&P 500, DOW, and NASDAQ.
  • 83 stocks, including Google, Facebook, IBM, Microsoft, and Volkswagen.

So whether your knowledge and experience pertains to Forex, commodities, stocks, or indices, you have plenty of assets to use.

Lots of Money Making Chances

First of all, you immediately get “bonus” money whenever deposit money to your account. This “Welcome Bonus” is a percentage that will depend on the amount you deposit. Thus, for $300 to $1,000 the bonus is 50% of your deposit. If you have a VIP account, this increases to 150%.

How normally you can earn up to 85% of your investment for a trade when you make the right “put” or “call” option. However, you can increase your profits by using the “Double Up” feature, which enables you to invest in the same asset again. So if you think you’re right in your call, then doubling up can double your profits.

Sometimes, you may seem wrong at first by the initial expiry time, but you may be right at a later time. If that’s what you think, then you can take advantage of the “Rollover” feature. This lets you increase your investment by 30% to delay the expiry time, but if you turn up eventually in the money then you get a 30% higher return. This option enables you to transform a possible loss into profit.

Then there’s also the “one touch” options, and this lets you earn up to 650% profit if you get the call right.

Finally, if you enjoyed good fortune when trading with uTrader, then you can boost your monthly income with the site’s affiliate program. This way, you can recommend the site to your friends and at the same time earn money doing so. You’ll earn a fixed amount per new customer you manage to convince to join, and also at least 30% of the revenue share for the whole time the new customer trades with uTrader.

Educational Materials

You really should do your own research first before you commit to any binary options website. However, uTrader does have several educational resources for you to use should you start an account with them. The educational resources you can access depends on the type of account you have, so the bigger your deposit the more resources you can enjoy. These resources include:

  • News of the Day
  • An education video on trading psychology
  • An ebook on how to trade on binary options
  • Learning to trade “turbo” options
  • Trading with one of Trader’s 20 analysts, creating a week trade plan, and even trading analysis with the analyst.
  • A built-in trading adviser in your platform
  • Trading signals

You also can enjoy 24/7 client support, so if you have any questions you’ll get your answers quickly.

uTrader Account Types

uTrader broker review revealed how traders in South Africa can choose between 5 account types,where each account is consisted of different trading instruments and features.

uTrader Start Account

  • Deposit $300 – $1000
  • Edu and analytics materials
  • Platform introduction
  • Standard withdrawal rules

uTrader Silver Account

  • Deposit $1001 – $5000
  • Edu and analytics materials
  • Platform introduction
  • Standard withdrawal rules
  • Education for 2 strategies

uTrader Gold Account

  • Deposit $5001 – $25000
  • Edu and analytics materials
  • Platform introduction
  • Accelerated withdrawal rules
  • Education for 4 strategies
  • Individual sessions with a trading expert – 30 min/once a week

uTrader Platinum Account

  • Deposit $2500 – $50000
  • Edu and analytics materials
  • Platform introduction
  • Withdrawals – highest priority
  • Education for 4 strategies
  • Individual sessions with a trading expert – 2 hr/ min. once a week
  • Developing a personal binary trading strategy
  • Quarterly trading plan

uTrader VIP Account

  • Deposit from $50001
  • Edu and analytics materials
  • Platform introduction
  • Withdrawals – highest priority
  • Education for 4 strategies
  • Unlimited individual sessions with a trading expert – upon request
  • Developing a personal binary trading strategy
  • Quarterly / annual trading plan
  • Real time trading
  • VIP hedging trading tools

Ease of Use

This is a no-fuss site and it’s not all that difficult to make your trades. There aren’t any spreads and there aren’t any transaction fees either. Unlike other sites, the withdrawal process is quite quick with the use of your bank, your credit card, and e-wallet.

What’s more, you can download an app for either your Android or your iOS device. This lets you do trades from anywhere, so you’re not tied down to your desktop PC.

Security

This is a crucial factor to consider, and at least the uTrader site uses HTTPS encryption to protect your information from hackers. It has the certificate from trusted organizations to prove its identity to browsers like Chrome.

On the other hand, uTrader is not licensed to act as a trading platform for US traders. It is not licensed by CySEC either.

Verdict

So what’s the answer to the original question? Should you invest your money here with uTrader? Of course, only you can really give the right answer to that.

It’s obviously not a perfect website. First of all, it’s not licensed by US regulators and by the Cyprus Securities and Exchange Commission.

In addition, there’s no demo account. This is a way to practice with non-real money to see how you can use the site’s trading platform. This means that you’ll learn while you risk your own real money, so you may want to start slow.

On the other hand, it does have lots of assets to use and there are several investment features you can take advantage of to make your profits. When that’s your top priority, then this platform provides you with the opportunities you want without too much of a hassle.

uTrader Broker Review 2020

uTrader, another potentially interesting choice for South Africans, has been present on the market since 2020.

Day Dream Investments Ltd own and operate uTrader binary broker.

In our uTrader broker review, prospective South Africans can learn more details concerning their trading platform, account types and trading features.

uTrader Broker General Info – South Africa

Our initial step in uTrader broker review is their minimum deposit requirements which, in this case, are set at $200.

This is good news for South African traders since this is lower than the binary industry average of $250.

Minimum investment per trades is set at $25. The maximum amount which can be invested in a single trade is set at $5000.

Currencies traders can use to deposit funds with uTrader are GBP, RUB, PLN, USD and EUR.

According to info available on their platform, uTrader claims it is possible for their registered traders to achieve up to 85% of profits.

Their platform is available in English as well as in Russian and Polish.

uTrader Platform and Trading Features

The next step in our uTrader broker review is their trading platform which is serviced by SpotOption software, which is one of the leading trading software on the market.

The overall look of their trading platform is modern but at the same time easy to navigate which means traders should not experience any issues. If that happens, this brokerage provides 24/7 customer support service.

It provides traders with plenty of trading tools and features which may be used for potential profits while trading binaries.

Trade options available with uTrader are the following: Pairs, 60 Seconds, High/Low, One Touch, Long Term, Ladder Options and One Touch. Each of these trade options is unique and presents a potential to achieve healthy profits in binary trading.

Alongside these trade options, they also provide a variety of underlying assets, more than 90 in fact, which are sorted into the usual categories of stocks, indices, currencies and commodities. Traders can see a detailed Asset List in their Education tab, in FAQ section.

In the course of our uTrader broker review, we also discovered several great trading features such as the Rollover feature and a Double Up feature.

The advantage of Rollover feature that South Africans may use is to prolong the expiry time if they notice that their trade is not going in the right direction as this still gives it a chance to potentially profit.

On the other hand, the Double Up feature provides precisely that – an opportunity for traders to double their trade if all going in the predicted direction. This way, they can gain higher profits.

Another beneficial aspect of trading with uTrader is the fact they provide their registered traders with a mobile trading app.

Their app can be used on iOS and Android devices and can be easily downloaded from Google Play and App Store.

Since the mobile trading app also allows South African traders to trade over 90 underlying assets this is a fantastic opportunity for busy individuals.

With uTrader mobile trading app, they can still trade but the location is no longer an issue and traders are actually able to save time a potentially increase their profits.

uTrader Trading Account Types

The next important segment in our uTrader broker review are their trading account types. This binary broker provides five different account types with each offering different trading features.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
    BINOMO

    Only For Experienced Traders.

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