UTrada Limited, UTrada Global Limited has been flagged by Financial Services Agency for "Unregistered/Unlicensed entity offering financial products or services". 1. Location of office or Address
- UTrada Limited:
Unit Level 11A Main Office Tower Labuan Financial Park Labuan, Wilayah Persekutuan Labuan, 87000 Malaysia.
- UTrada Global Limited:
Office 306, 3rd Floor, Ebene Junction, Rue de la Democratie, Ebene 72201, Republic of Mauritius.
2. Content, etc.... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from UTrada Limited, UTrada Global Limited was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Multi-currency support|Smooth onboarding
Cons: Minimum deposit could be lower|Wish they had more educational resources
I closed a profitable position at UTrada Limited, UTrada Global Limited and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Intuitive for beginners|Regular platform improvements|Multi-device support|Detailed reporting
Cons: Spreads widen during volatile periods|Mobile app could be improved
The so-called education at UTrada Limited, UTrada Global Limited is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over a year thinking they would help me learn.
Pros: Instant funding|Portfolio tracking tools|Customizable dashboard|Easy withdrawals
Cons: Help articles are sometimes vague
The spread at UTrada Limited, UTrada Global Limited is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Comprehensive tools|Educational resources|Market news feed|Copy trading available
Cons: Limited demo account features|No phone support on weekends
KYC with UTrada Limited, UTrada Global Limited is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Responsive team|Portfolio tracking tools|Segregated accounts
Cons: Limited ETF selection
Do not use UTrada Limited, UTrada Global Limited for anything serious. I used them since I opened my account last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Dividend tracking|Tax reports included|Intuitive for beginners|Copy trading available
Cons: Would like more payment methods
After seeing ads for UTrada Limited, UTrada Global Limited online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Services Agency. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
UTrada Limited, UTrada Global Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Excellent charting|Smooth onboarding|Intuitive for beginners|Responsive team
Cons: Some tools only available on higher tiers
I am in a dispute with UTrada Limited, UTrada Global Limited over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Portfolio tracking tools|Intuitive for beginners
Cons: Email notifications too frequent
After using UTrada Limited, UTrada Global Limited since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Regular updates|Smooth onboarding|Clean UI|Fast deposits
Cons: Account statements could be more detailed