UTrade Review

Warning Investors UTrade – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements.


UTrade is a trading technology company that provides enterprise software for financial trading, including multi-asset trading platform, algorithms, risk management solutions, direct market access, exchange solutions and market data broadcast solutions to financial institutions and their end-clients. UTrade claims to offer institutional grade algos, available to everyone, through its no-code algo trading platform that enables backtesting, forward trading, access to pre-built algos by experts and a lot more. However, is UTrade a legitimate or an unauthorised entity? How can you verify its credentials and avoid falling prey to scam brokerages? In this blog post, we will answer these questions and provide some tips on how to shield your finances from fraudulent firms.

Regulation and Compliance:

One of the most important factors to consider when choosing a trading company is whether it is regulated and compliant with the relevant authorities. Regulation and compliance ensure that the company follows certain standards of conduct, transparency and accountability, and that it protects the interests and rights of its customers. In the UK, for example, the Financial Conduct Authority (FCA) is the main regulator of financial services firms and markets. The FCA maintains a Financial Services Register that lists all the authorised firms and individuals that are allowed to operate in the UK. The FCA also issues warnings about unauthorised firms and individuals that are not registered with them, and that may be posing as legitimate entities or offering fraudulent products or services. Unauthorised firms are illegal and can result in legal or financial penalties for both the operators and the customers. Therefore, it is wise to check the FCA’s Financial Services Register and Warning List before deciding whether to do business with a new trading company that you are not familiar with.

Customer Support:

Another factor to consider when choosing a trading company is the quality and availability of its customer support. Customer support is essential for resolving any issues or queries that may arise during your trading journey. A good customer support service should be responsive, helpful, courteous and professional. It should also provide multiple channels of communication, such as phone, email, chat or social media. A bad customer support service, on the other hand, may be unresponsive, rude, incompetent or nonexistent. It may also indicate that the company is not trustworthy or reliable. Therefore, it is advisable to test the customer support service of a trading company before signing up with them. You can do this by contacting them with some questions or feedback and seeing how they respond.

Customer Reviews:

A third factor to consider when choosing a trading company is the feedback and reviews from other customers who have used its products or services. Customer reviews can provide valuable insights into the performance, quality and reputation of a trading company. They can also reveal any potential problems or issues that you may encounter with the company. However, customer reviews should be taken with a grain of salt, as they may not always be accurate or honest. Some reviews may be biased, exaggerated or fabricated by the company itself or by its competitors. Therefore, it is important to verify the authenticity and credibility of the customer reviews before relying on them. You can do this by checking the source, date and tone of the reviews, as well as comparing them with other sources of information.

How can crypto transactions be traced?

Crypto transactions are transactions that involve the exchange of cryptocurrencies, such as Bitcoin, Ethereum or Litecoin. Cryptocurrencies are digital assets that use cryptography to secure their transactions and control their creation. Crypto transactions are recorded on a public ledger called a blockchain, which is a distributed network of computers that validate and store the transactions. Crypto transactions are often considered anonymous or untraceable, as they do not require any personal or identifying information from the users. However, this is not entirely true, as crypto transactions can be traced in some ways. For example:


– Crypto transactions can be traced by analysing the blockchain data. Each crypto transaction has a unique identifier called a hash, which links it to its previous and next transactions on the blockchain. By following these links, one can trace the history and origin of a crypto transaction. Moreover, each crypto transaction has an input address and an output address, which are alphanumeric codes that represent the sender and receiver of the transaction. By analysing these addresses, one can identify patterns or clusters of transactions that belong to the same entity or group.

– Crypto transactions can be traced by using external sources of information. For instance, some crypto exchanges or platforms may require users to provide their personal or identifying information in order to use their services. This information may include their name, email address, phone number or bank account details. By accessing or obtaining this information, one can link it to the crypto transactions that the users have made on the platform. Furthermore, some crypto users may reveal their identities or transactions voluntarily or involuntarily on social media, forums, blogs or other online platforms. By searching or monitoring these platforms, one can find clues or evidence that connect the users to their crypto transactions.

Shielding Your Finances: Measures to Avoid Scam Brokerages:

Scam brokerages are fraudulent firms that offer trading products or services that are either illegal, unregulated, misleading or non-existent. Scam brokerages may lure unsuspecting customers with promises of high returns, low fees, exclusive offers or guaranteed profits. However, once the customers deposit their money with them, they may find that they cannot withdraw it, access it or trade with it. Scam brokerages may also manipulate the prices, spreads, margins or execution of the trades, resulting in losses or poor performance for the customers. Scam brokerages may also disappear with the customers’ money, leaving them with no recourse or compensation. To avoid scam brokerages, here are some measures that you can take:

– Do your research. Before choosing a trading company, do some background checks on its history, reputation, regulation and compliance, customer support and customer reviews. Use reliable and reputable sources of information, such as official websites, regulators, watchdogs or independent reviewers. Avoid relying on unsolicited or unverified information, such as advertisements, testimonials or referrals from unknown sources.

– Be cautious. Be wary of any trading company that offers unrealistic or suspicious products or services, such as extremely high returns, low fees, exclusive offers or guaranteed profits. Be sceptical of any trading company that pressures you to sign up quickly, deposit large amounts of money or provide personal or financial information. Be alert for any signs of fraud, such as poor communication, lack of transparency, inconsistent or contradictory information or unprofessional behaviour.

– Protect yourself. Use secure and trusted methods of payment and communication when dealing with a trading company. Avoid sharing your personal or financial information with anyone who is not authorised or verified by the company. Keep records of your transactions and communications with the company. Report any suspicious or fraudulent activity to the relevant authorities and seek legal advice if necessary.


UTrade is a trading technology company that claims to offer institutional grade algos to everyone. However, before deciding whether to do business with UTrade or any other trading company, it is important to verify its legitimacy and avoid scam brokerages. To do this, you should check its regulation and compliance, customer support and customer reviews. You should also be cautious of any unrealistic or suspicious offers, protect your personal and financial information and report any fraud or misconduct.

Best Website For Identifying Scam Crypto Brokers.

File Your Crypto Cointrace Now !