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Sagot

Despite the many advantages, there are some drawbacks to consider. First, UTrada operates under the Labuan Financial Services Authority (LFSA), which is a lesser-known regulatory body. While it does provide some oversight, it lacks the global recognition of authorities like the FCA, which could be a concern for me, especially when trading larger sums. Another downside is the lack of transparency regarding the available payment methods for deposits and withdrawals. As a trader, I need to know how I can fund my account and withdraw my profits. UTrada’s failure to provide this information leaves me with some uncertainty. Finally, while UTrada offers tight spreads on certain account types, such as 0.0 pips on the Ultra account, the commission charges of USD 7 per lot could become costly for high-volume traders.