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UTrada -

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Score

7.09 /10

Good

UTrada

Item: UTrada
Rating: 7.09

Malaysia

5-10 years

Regulated in Malaysia

Straight Through Processing (STP)

MT4 Full License

https://www.myutrada.com

Influence

Add brokers

Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index3.92

Business Index7.76

Risk Management Index9.68

Software Index8.96

License Index5.94

Open Account

Website

Licenses

LFSA Regulated

STP

VPS Standard

No restriction on the broker account. Support service provided by WikiFX

Single Core

40G

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MT4/5

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Account

Time Machine

Benchmark	--
Maximum Leverage	1 : 500
Minimum Deposit	USD 100
Minimum spread	From 1.8
Products	--

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	USD 0 per lot

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Unable to Withdraw

pls be alert to this broker house

This is the first time I have encountered such a company. The internal statements are different. One moment they say your order is strange and they won’t pay you. The other moment they say your principal can be used to make a profit and you can continue to trade. Your MT4 account is blocked without any evidence. I don’t recommend you to use it. Everything is up to you. There is no system or rules at all.

FX3695831824

2025-04-16 13:11

UTrada · Company summary

UTrada	Infomation
Regulatory Status	LFSA
Tradable Assets	2100+，Forex CFDs, Commodities CFDs, Energies CFDs, Indices CFDs, Shares CFDs, Crypto CFDs
Spreads	From 0.0 pips
Minimum Deposit	$100
Leverage	1:500
Demo Account	✅
Funding Fees	From 0%
Micro Lot Trading	Available

UTrada Information

Founded in 2018, UTrada is a forex broker registered in Malaysia, offering more than 2100 market products, such as FX, commodities, indices, energy, shares, and cryptocurrencies, with leverage up to 1:500 and variable spreads from 0 pips via the MT4 platform. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

Regulatory Status

UTrada currently operates under the Labuan Financial Services Authority (LFSA), holding a Straight Through Processing (STP) (No.MB/19/0042).

Pros and Cons

Pros	Cons
Regulated by LFSA	No info on payment methods
Wide range of market offerings	-
Demo accounts available	-
MT4 supported	-

Tradable Assets

What Can You Trade with UTrada	Assets
Forex CFDs	✅
Commodities CFDs	✅
Energies CFDs	✅
Indices CFDs	✅
Shares CFDs	✅
Crypto CFDs	✅

Account Types

Account Types	Ultra	Premium	Standard
From (Pips)	0.0	1.2	1.8
Commissions (per lot)	USD 7	USD 0	USD 0
Min Deposit (USD)	500	250	100
Min Lot Size	0.01 Lot	0.01 Lot	0.01 Lot
Max Leverage	1 : 500	1 : 500	1 : 500
Execution Type	ECN	STP	STP
Funding Fee	Waived	Waived	Waived
Withdrawal Fee (From)	From $0	From $0	From $0
Stop Out Level	50%	50%	50%
Server Location	London LD4	London LD4	London LD4

Spreads and Commissions

UTrada offers various account types. The Ultra account has a spread of 0.0 pips but a commission of USD 7 per lot, while the Premium and Standard accounts have spreads of 1.2 and 1.8 pips respectively, with no commission per lot.

Account Type	Point Spread (Pips)	Commissions (per lot)
Ultra	0.0	USD 7
Premium	1.2	USD 0
Standard	1.8	USD 0

Trading Platforms

Trading Platform	Features	Status
MetaTrader 4	Enhance trading experience. Trusted by many traders for MT4 trading.	Available
MetaTrader 5	Supports automated trading, provides signals across sectors, enables personalized strategies & portfolio management.	Coming Soon
UT APP	Offers complete trading experience with diverse features for all traders.	Coming Soon

Deposit & Withdrawal

The information about deposits and withdrawals is not clearly displayed on the official website.