Utrader scam

Utrader Scam Review

UTrader Logo


Utrader is a broker from whom we are not seen many website talking about but it have come under our radar due to their “growing popularity”.

Actually, most of the reviews we found about Utrader are from the top websites, promoting him as a good broker for you to trade your money with probably because they have been corrupted and paid off for doing it.

However this is not the reality, and as an honest review website, we will make list our comments about Utrader :

  • Utrader is not promoted by any financial authority. Basically, it means that if you deposit your money with Utrader and that they scam your off … it is your fault and not theirs. You will have no power to complain to any authority or anyone as it will be your fault to deal with unregulated brokers. However, if you deposit your money with regulated brokers such 24Option or IQ Option, you can file an official complain if you have any problem with them (which will unlikely not happen).

  • So Utrader not been regulated by any financial body is a red flag.


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  • Utrader are displaying fake / useless logos on their website. Those labels are totally worthless and don’t mean anything. They are just displaying them for “display purpose” but it is just useless.


Utrader Fake Awards


  • Utrader transactions are not secured. Utrader website is not secured. How unprofessional is it for a trader? All serious brokers where you will deposit your money will at least have SSL Security for their website… this is the STRICT MINIMUM for any professional and good broker. But it seems that Utrader doesn’t care.



  • There is no much information about Utrader software, company and support. This is really weird and a lack of good sense from Utrader. We are really not encouraging you to trade your money with a broker not been full open and displaying all their information.


For all the information above, we are really not suggesting you to deal with Utrader. They are a fake broker and not professional. Depositing your money on their platform is a big risk that you are taking of not seen your money ever and not have any power of action. We would therefore recommend that you deal with regulated brokers such as ExpertOption.


You have been scammed by this broker ?

Claim a chargeback now !


Don’t panic. There is actually a way to recover your funds thanks to a group of experts who are able to give you a more effective way to fight back to recover your money after being scammed.

However, you can only start a chargeback process under certain conditions :

  • you deposited the funds to the broker by credit card or debit card and the deposit amount is over $3,000.
  • you deposited the funds to the broker by bank transfer and the deposit amount is over $20,000.

Start a new chargeback process and get your money back by clicking the button below.

Get A Chargeback



BinaryScamAdvisor experts are committed to providing you with the best trading advises If you are looking for a safe and regulated brokers, BinaryScamAdvisor recommends that you try one of our top brokers below


Trading binary options is prohibited in the following countries :
Do not register on any broker if you are a resident of one of these countries.


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  • Muhammad says:

    Lost all my money

  • Micolen says:

    Utrader is a scam beware people do not waste or lose your money like i have, I have logged on opened an account read following reviews and deposited a sum of 250$ up until the transfer i have had numerous calls by a guy that goes by the name of Allen trying to convince you to sign up now i get no calls and they have not updated no accounts i have just lost all my Money on this site dont fall pray to such site save your money and find other alternatives Utrader is a HOAX!!!!

  • Emile says:

    Utrader is a big scam. I had dealings with people that called themselves Max Anderson & Adam Johansson. I’ve invested GBP 15,150 with them and lost all my money.

  • Emile says:

    Lost most of my investment with Utrader- scam alert!! Over £15000

  • Lynn Sugden says:

    What happened when you closed your account down and had “bonuses” added to your account. How do you get these people off your back. I have lost my life savings and now I’m broken. Can some one please answer.

  • Jackie says:

    saw this advertised don’t know if theyre any good but worth trying??

    for future always do your homework and search and search on anything – type it in – with the word scam after it – every angle before putting money into anything – when you do put money in – put the very minimum and never accept bonuses – and never get persuaded by so called clever talking sales brokers/account managers – tell them you have your own plan and thank you very much, If theyre funny in any way you know you are not with a decent firm and get out and tell everyone your story so they don’t fool again so easy. Good luck getting your money back and would be traders.

  • Vicki says:

    I got signed up utrader thru a software and deposited the minimum to try it out and i manage to trade till get some winnings like 2k but they wont like you withdraw. so pls avoid this broker.

  • Wayne says:

    I got scammed too
    can anyone tell me who can help you recover your withdrawal request
    who can you contact??

  • Fanie Vorster says:

    I’ve deposited a minimum of £250.00 0n 20 June 2017 to Utrader account, until now they have not done any trading on my account as yet. Thy want me to deposit another $300.00 before thy can start trading for me. It sounds fishy????

  • Lilie Otten says:

    This is a fucking scam. They stolen my husbands money. £15,000 is cant find anywhere but in one shot everything is gone. ALL PEOPLE HERE ARE BULLSHIT AND FUCKING IDIOT. SCAMMMMMMMMMMMMMM

  • MossB says:

    SCAMMERS! SCAMMERS! You won’t ever withdraw funds from your account,they just lie and scam people!

  • Mary says:

    i was about to make a deposit with mr jd stonehill, then i saw this review. very bad company. scammers. thank you internet. i didnot invest with wrong company. people should know nowadays where to invest. it should be eye to eye

  • Romeo says:

    So UTRADER is a real big scam?

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