Utrade Markets is Big Scam.
Please don't invest in Utrade. you will lose all your money.
They don't have Office in UAE.
Utrade is in RED list
First of all they will say below point to open the trading account.
1. No swap Charges
2. 20% bonus credit
3. Within 24 hrs withdrawal
Don't trust them.
1. They don't have swap charges but they spread charges. If you have active trade over the weekend means, they will increase the spread charges ( Difference between Buy & Sell Value)
after market closed. Because of this your floating loss will increase & if dont have free margin means your account will be wiped out completly & you will lose all your money.
Example:
Platinum/USD:
Before Spread:
Buy Value: 1920.00 Sell Value: 1923.00
After Spread:
Buy Value: 1920.00 Sell Value: 1946.00
If you see the difference above: Before Spread is 3.00 difference & After Spread is 26.00 Difference. So 23.00 got increased.
This changes only done by the Utrade brokers in the MT5 app. They have all the access to increase the spread. They will do this changes after market closed. only in weekends (Saturday & Sunday)
Spread value is fixed by the brokers only.
2. They will give 20% to 35% bonus credit. But there is no use. You can't withdraw that amount. It will not include in your captial amount. All your floating loss will be deduct first from your capital only. Once your captial amount finished your account will be closed. you can't run with your bonus credit. pls refer to the attachments.
2023-09-27 17:24
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GA4821
2023-10-07 00:22
Hi Bro, I got scammed the same way. Can I talk to you?
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Sami7528
2023-12-27 21:32
Bro today recently i got scammed $4000 by utrade named fraud group.
I'm filing a strong case by cyber crime.
Please contact me if anyone interested to get back there money i want more victims
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Bhanu8415>Sami7528
2024-01-27 13:39
I am here with lose $36000
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Bhanu8415>Sami7528
2024-01-27 13:40
How can i contact you
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Bhanu8415>GA4821
2024-01-27 13:42
I am also please can we talk
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FX3633691064
2024-03-29 02:45
even i got scammed by them for 12801$,
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FX4001078400
2024-04-24 13:08
can we talk to each other. We are also on a same page
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FX4001078400>Sami7528
2024-04-24 13:09
what is outcome of it? Did u received your money back?
Utrade Markets is Big Scam. Please don't invest in Utrade. you will lose all your money. They don't have Office in UAE. Utrade is in RED list First of all they will say below point to open the trading account. 1. No swap Charges 2. 20% bonus credit 3. Within 24 hrs withdrawal Don't trust them. 1. They don't have swap charges but they spread charges. If you have active trade over the weekend means, they will increase the spread charges ( Difference between Buy & Sell Value) after market closed. Because of this your floating loss will increase & if dont have free margin means your account will be wiped out completly & you will lose all your money. Example: Platinum/USD: Before Spread: Buy Value: 1920.00 Sell Value: 1923.00 After Spread: Buy Value: 1920.00 Sell Value: 1946.00 If you see the difference above: Before Spread is 3.00 difference & After Spread is 26.00 Difference. So 23.00 got increased. This changes only done by the Utrade brokers in the MT5 app. They have all the access to increase the spread. They will do this changes after market closed. only in weekends (Saturday & Sunday) Spread value is fixed by the brokers only. 2. They will give 20% to 35% bonus credit. But there is no use. You can't withdraw that amount. It will not include in your captial amount. All your floating loss will be deduct first from your capital only. Once your captial amount finished your account will be closed. you can't run with your bonus credit. pls refer to the attachments.
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