uTrader Review

Is uTrader Scam or Legit Broker?

In our research, uTrader has been suspected as a scam broker. The company provides the regulation info and claims to operate under the regulation of IFMRRC (International Financial Market Relations Regulation Center). However, IFMRRC is a non-governmental authority that acts as an independent organization and does not strictly oversee the operation of the registers.

What is uTrader?

uTrader is a Forex and CFD broker owned and operated by Day Dream Investments Ltd., the place of supply of services in the Republic of the Marshall Islands.

• In fact, the Marshall Islands is an offshore zone attracting various firms that for one reason or another escape from serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that most non-authorized firms never recover investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.

uTrader Review Conclusion

We strongly advise all investors and traders to avoid uTrader and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and BlackBull Markets.

uTrader Update

Our findings showed that uTrader is no longer active. The broker’s website is unavailable to reach and there is no evidence of whether the broker operates or not. We recommend avoiding any offshore-based brokers due to their instability and lack of serious regulations.