Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Sam35
Within 1 year

Can I trust UTRADE as a reliable and secure broker for trading?

Broker Issues
UTRADE
Regulation
02-28
United States
WikiFX
Reply

As an independent trader with years of experience navigating global brokerages, I always approach new platforms with a high level of scrutiny, especially given the risks inherent in the trading industry. For UTRADE, what stands out immediately is its regulation by the SFC in Hong Kong, under UOB Kay Hian Futures (Hong Kong) Limited. In my view, SFC oversight is a considerable advantage—regulators like the SFC are known for their rigorous standards and regular audits. This sort of regulatory framework is a key factor I look for when gauging a broker’s baseline legitimacy and operational standards. That said, while UTRADE’s regulation and physical office offer an element of reassurance, my personal assessment is not without reservations. Notably, UTRADE does not offer forex, stock, or cryptocurrency trading, instead focusing on futures and other instruments such as equities, ETFs, and bonds, which may be a limiting factor for many traders. Additionally, the absence of a demo account is a disadvantage for me, as I prefer to test a broker’s execution and platform stability before committing real capital. User reviews appear mixed, with some highlighting ease of use and research tools, while others note occasional platform issues and customer service delays. For me, the ability to get timely help is an integral part of feeling secure. Given these factors, I consider UTRADE a generally safe option within its regulatory scope, but I personally would remain cautious: I always prioritize diversifying risk and starting with modest positions until I verify a broker’s full reliability through my own experience.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com