✔️ Information reviewed and updated in November 2023 by Pedro Martínez González
In this section we will tell you why You should NOT invest in UTrade Markets. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about UTrade Markets and we will tell you why we reached such a conclusion:
|🏠 Company*||UTrade Markets Fintech Ltd|
|️ Regulation||Not regulated|
|does not have|
|📌 Address||Plaza, 1st floor, Flat/office 103, 6047, Larnaca, Cyprus|
⚠️ UTrade Markets is owned by UTrade Markets Fintech Ltd, the company is located in Cyprus, potentially dangerous for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Now we move on to analyze the types of account offered by UTrade Markets, in this case, we observe that it offers 1 type of account:
|Account type||Minimum initial deposit|
Information on the web
UTrade Markets provides a basic explanation about the financial products it offers, market news and analysis, economic calendar, asset calculator, live charts, really not much more than this.
List of phone numbers
At the moment we have not found phone numbers.
🚫 UTrade Markets final valuation 🚫
Finally, and in a few words, Our recommendation is: DO NOT INVEST WITH UTrade Markets.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
News about UTrade Markets:
|Date||Update – news|
|September 2023||We receive a large number of messages from UTrade Markets clients who claim to be unable to withdraw their capital.|
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with UTrade Markets.
At the end of the review you will find customer comments.
How to Claim Money Scammed by UTrade Markets
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report UTrade Markets
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
How can I report UTrade Markets?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is UTrade Markets a scam – is it a scam?
Yes. We believe that UTrade Markets is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is UTrade Markets trustworthy?
No. UTrade Markets is not trustworthy, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to get money back from UTrade Markets?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to UTrade Markets?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.