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Abstract：Do you want to stay scam-free? Learn about the scam brokers operating in the forex market who try to steal people’s money. If that sounds like you, then you should definitely read this UTrader Review and find out if UTrader is scam or safe.
Do you want to stay scam-free? Learn about the scam brokers operating in the forex market who try to steal peoples money. If that sounds like you, then you should definitely read this UTrader Review and find out if UTrader is scam or safe.
Lets begin this UTrader review with the basic question: What is UTrader? It is a Forex and CFD broker owned and operated by Day Dream Investments Ltd., which provides services from the Republic of the Marshall Islands.
The Canadian Investment Regulatory Organization (CIRO) has issued a warning about uTrader, a fraudulent entity operating through the website [utrader[.]ca]. uTrader falsely claims to be affiliated with Fortrade Canada Limited, a legitimate firm registered with CIRO, and also falsely asserts that it is registered with CIRO itself.
Broker provides five account types based on the initial deposit: Start, Silver, Gold, Platinum, and VIP. To open an account with uTrader, a minimum deposit of $200 (or equivalent) is required. The platform supports multiple currencies, including USD, EUR, GBP, Russian Ruble, and Polish Zloty. Deposits and withdrawals can be made via credit/debit cards, wire transfer, Neteller, or OKPAY.
In this UTrader review, let's look at their customer service and registered location. Broker is owned by Day Dream Investments Ltd., based at Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960. Their European customer service center is located in Riga, Latvia. The UK phone number is +44 208 077 3096, and their support email is support.en@utrader.com. The official website is https://en.utrader.com/.
After reviewing numerous UTrader reviews, we discovered a consistent pattern of complaints from real users most of them related to withdrawal issues.
1. The user alleges that despite promises to withdraw funds. He was forced to keep trading until losing. After trying to exit, access was blocked. He called the broker and people involved in it “crooks”.
2. An user shared his experience and said he registered with uTrader in February 2024 and deposited 1000 EUR. After being contacted by their financial analyst, Artyom Rostovtsev, He was agreed to a bonus and followed his trading advice. When he tried to withdraw profits, the requests were repeatedly canceled due to bonus-related trading turnover requirements. Despite meeting the 20,000 EUR turnover, withdrawal requests—including for the original deposit—were canceled. You can read the full story in the screenshot below.
3. The user reported multiple withdrawal requests to broker in early January 2018, which were later mostly canceled, leaving only $3,500 pending. A representative named Belle Sullivan promised to refund the money across four cards but then stopped responding. The user warns others not to invest with uTrader, calling them scammers.
4. Another user claims that brokertook all his money and stopped responding to emails. Every withdrawal attempt was canceled without explanation. He was unable to access his funds.
Now you know whether uTrader is a legit broker, a scam, or something to avoid. Invest your money wisely. Be scam alert and protect your funds from brokers like uTrader.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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