Brokers  /  UTrada

UTrada

Severe risk
Malaysia · 5-10 years · since 2019-07-31 · UTrada Limited
Unregulated
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Independent ratingshow third parties score this broker
WikiFX2.28/10
Trustpilot/5
Forex Peace Army/5
75
Severe risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verified regulatory license on file
  • Withdrawal complaints in ~38% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints3012%
Offshore registration458%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameUTrada Limited
Headquarters Malaysia
Founded2019-07-31
Years operating5-10 years
Employees0
Official websiteutrada.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
Unit Level 11A Main Office Tower Labuan Financial Park Labuan, Wilayah Persekutuan Labuan, 87000 Malaysia

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Standard1 : 500USD 100From 1.8USD 0 per lot
Premium1 : 500USD 250From 1.2USD 0 per lot
Ultra1 : 500USD 500From 0.0USD 7 per lot

Review analysis AI

Across 8 recent Trustpilot reviews, 12% are 1–2 star. The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Malaysia1
Vietnam1
Italy1
Colombia1
Indonesia1
Ecuador1

Real user reviews

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About UTrada

UTrada is a forex and CFD broker based in Malaysia, with records dating to 2019-07-31. Critically, we could not verify any active forex-trading license for this broker.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full UTrada review