www.utcinvest.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.utcinvest.com.
My withdrawal from www.utcinvest.com 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. for about five months of being strung along.
Pros: Multi-currency support|Helpful community forum|Fast support response|Educational resources
Cons: Desktop app not available on Linux
I joined www.utcinvest.com after seeing their ad online and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Multi-device support|API access|Clear documentation
Cons: Slow to add new assets|Limited social trading features
After spending for a couple of months now trying to make www.utcinvest.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Wide product range|Intuitive for beginners|Educational resources|Fast support response
Cons: Spreads widen during volatile periods
I wanted to transfer my portfolio from another broker to www.utcinvest.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Good mobile app|Segregated accounts
Cons: None so far
www.utcinvest.com has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Competitive fees|Economic calendar|Good analytical tools
Cons: No crypto staking