UTRADE is an online trading broker that offers multiple trading instruments across different asset classes, such as equities, indices, ETFs, unit trusts, bonds, futures, options, forex, and CFDs, for trading online via a range of sophisticated trading platforms. Their traders also benefit from various useful trading tools and educational resources to enhance their trading experience.
UTRADE Review, Pros & Cons
- Multiple trading platforms
- Special trading tools
- Range of financial instruments
- Limited funding options
- No USA clients
- No crypto-assets
- No demo trading account
- Not live chat support
In this detailed UTRADE review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
UTRADE is one of Asia’s largest brokerage firms. Headquartered in Singapore, the broker allows its clients to trade multiple financial instruments through the provided trading platforms and tools. As a leading provider of financial services and solutions, the broker is fully committed to serving its clients and community with excellence and integrity.
The UTRADE brand is operated by UOB Kay Hian, a Singapore-based financial service provider that is backed by the UOB Group. While there is no regulation information on the broker’s website at the moment, the broker seems to be regulated the Monetary Authority of Singapore (MAS) and also holds a Capital Markets Services (CMS) license under the Securities and Futures Act (SFA), being a member of the Singapore Stock Exchange and the Stock Exchange of Hong Kong Ltd.
UTRADE states specifically that its services are not directed at residents of the United States and countries belonging to the European Economic Area, or any person in any country where the use of such service would be contrary to local law or reputation.
Some UTRADE features and products mentioned within this UTRADE review may not be available to traders from certain countries because of legal restrictions.
The broker’s trading platforms are grouped into three major categories based on the asset being traded. They include:
This is the broker’s sophisticated Next-Generation online trading platform for trading global stocks. It allows you to monitor your portfolio, set up watch lists of your favorite stocks, and track them. The platform has exclusive tools to help you pick out stocks and make winning trades.
These allow clients to trade CFDs on stocks, indexes, and other financial assets. They include the UTRADE Edge; UTRADE CFD Pro platform, which is designed for seasoned traders; and the UTRADE CFD Lite, a sophisticated mobile app that is packed with the latest trading technology.
The FX platforms include the UTRADE FX Elite and the MetaTrader 4 (MT4) system. The UTRADE FX Elite enables foreign exchange traders to make fast trades, while the new UTRADE FX MT4 system offers a clean and user-friendly interface that is equipped with a wide range of powerful functions that give more advanced traders an edge in the market. There is also the TRADE FX Mobile app, which gives you the ability to trade the forex market anytime, anywhere on your mobile devices.
UTRADE Trading Tools
Clients also benefit from a range of useful trading tools, such as ChartGenie, ShareXplorer, StockAlerts, StockScreener, TechAnalyzer, and more.
The broker organizes regular seminars and webinars for their clients. There are research articles, and newsletters on the broker’s website, as well as an FAQ section that gives instant answers to clients’ most common questions.
UTRADE is an online trading broker that offers multiple trading instruments across different asset classes, such as equities, indices, ETFs, unit trusts, bonds, futures, options, forex, and CFDs
UTRADE Accounts & Fees
The broker offers a live trading account and a demo account to its traders.
As broker fees can vary and change, there may be additional fees that are not listed in this UTRADE review. It is imperative to ensure that you check and understand all of the latest information before you open a UTRADE broker account for online trading.
The broker’s customer service team can be reached via telephone and email, or by visiting the broker’s office in Singapore and other countries where they have offices.
UTRADE Deposit & Withdrawal
The broker accepts payments via a range of bank transactions (Bank transfer, Telegraphic transfer, bank cheques, and PayNow).
UTRADE Account Opening
To open a trading account, simply click on the ‘Open An Account’ button, fill out the displayed form, and submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
UTRADE is an online trading broker that is based in Singapore and offers multiple financial instruments for online trading via multiple sophisticated trading platforms. They provide clients with a range of useful trading tools, educational resources, and dedicated customer support.
Investing in leveraged financial products is very risky. You can lose all of your invested capital. You should not risk an amount you cannot afford to lose.