The site is operated by UtradeX Ltd, a company registered in Comoros Union and regulated by Mwali International Service Authority (MISA). Meanwhile, the broker’s office is located in Switzerland. However, UTrade-X does not disclose any information about the date of establishment of the company. As for the domain, it was only registered by Utradex Ltd in June 2023 on the Island of Moheli with a registrar in Comoros Union. Due to international restrictions, the company does not provide its services to countries such as Afghanistan, China, Russia, Ukraine, and others.
Is this platform reliable and is it profitable to trade here? Can we trust this broker? We will determine the safety of the service by analyzing the information published on the website.
UTrade-X provides registered clients with the most popular MetaTrader 5 platform for trading. The broker offers 5 asset classes and 300+ trading instruments, including cryptocurrencies. Traders can utilize competitive spreads starting from 0.1 pip, high leverage, advanced charting tools, and one-click trading to gain trading experience. UTrade-X has three trading accounts for you to choose from, sorted by spread options:
- Fixed – Fixed Spreads from 1.5PIPS, No Commission
- Classic – Variable Spreads from 1.2PIPS, No Commission
- Raw – Raw Spreads from 0.1PIPS, + $4 per round
The terminal guarantees support for 9 timeframes, the average execution time is 15 ms. You can choose the conditions that best suit your trading strategy with the help of 30 technical indicators and 23 analytical objects.
In case of inactivity, $10 will be deducted from your deposit each month if your account balance is less than $50. No services will be rendered to you and your trading account will be closed automatically if there is a zero balance within one month.
The forex broker gives real-time streams of accurate data, and promises ease of operation and account security (KISS). At UTrade-X, you will have access to personalized service with a dedicated support team.