UTRADE Review

UTRADE Logo

Headquartered in Singapore, UTRADE has maintained its position as one of Asia’s largest brokerage firms, offering multiple trading instruments across different asset classes, such as equities, indices, ETFs, unit trusts, bonds, futures, options, forex, and CFDs, for trading online via multiple trading platforms. Their traders also benefit from various trading tools and educational resources.

UTRADE Review Introduction

In this UTRADE review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including UTRADE.

UTRADE Platforms & Tools

The broker provides traders with three major trading platforms:

UTRADE Platforms: This is the broker’s 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.

CFD Platforms: The CFD Platforms give clients access to trade CFDs on stocks, indexes, and other financial assets. They include the UTRADE Edge, UTRADE CFD Pro for seasoned traders, and the UTRADE CFD Lite, which is a sophisticated mobile app that is packed with the latest trading technology.

FX Platforms: The FX platforms include the UTRADE FX Elite and the MetaTrader 4 (MT4) system. The UTRADE FX Elite enables foreign exchange traders to make quick 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 on the go.

UTRADE Review Trading Platform
UTRADE Review Trading Platform

Trading tools like ChartGenie, ShareXplorer, StockAlerts, StockScreener, TechAnalyzer, and more, are also provided for flawless trading experience. They come as an addition to the tools already built into the various provided trading platforms.

UTRADE Research & Education

The broker provides traders with a selection of educational resources, such as webinars, research articles, newsletters, and an FAQ section. These help to improve traders’ skills and knowledge and also keep them updated on the latest happenings in the markets.

UTRADE Review Research Articles
UTRADE Review Research Articles

UTRADE Trading Accounts

The broker offers a live trading account and a demo account to its traders.

UTRADE Account Funding

UTRADE accepts payments via a range of bank transactions, such as Bank transfer, Telegraphic transfer, Bank cheques, and PayNow.

UTRADE Customer Service

The broker has a client support team who are readily available via telephone and email, or by visiting the broker’s office in Singapore and other countries where they have offices.

UTRADE Regulation

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 regulatory 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 Review Summary

Overall, UTRADE is a Singapore-based online trading broker that offers multiple financial instruments for online trading via multiple trading platforms. Clients enjoy access to a range of trading tools, educational resources, and dedicated customer support.

It is worth mentioning that some of the trading products and services in this UTRADE review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the UTRADE broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

UTRADE

6.2

Spreads

6.5/10

Liquidity

6.5/10

Commissions

6.5/10

Support

6.5/10

Regulation

5.0/10

Features

  • Multiple trading platforms
  • ChartGenie and other trading tools
  • A selection of educational resources
  • Multiple financial instruments across different asset classes