UltraTrade, founded in 2016 and domiciled in London, UK, is a new binary options broker that offers traders a host of trading features. The broker is regulated by CySEC and extends a variety of assets to its clients, including currencies, stocks, indices and commodities markets.
There are several accounts to choose from at UltraTrade and all new traders receive a welcome bonus, great options and leveraged trading with even the smallest amount.
UltraTrade Account Types
The Silver account is suited for all new traders and requires them to put a very small amount of money in their accounts to get the trading process going. A minimum deposit of $500 is required and traders receive full customer support and free e-books on profitable trading.
The Gold account can be opened with a deposit of at least $5000 and a welcome bonus of 50% is provided. In addition to full customer support, and e-books, Gold account holders receive an introduction call from Personal Account Manager, access to top trading analysts and unlimited trading signals.
Anyone with $35,000 can open a Platinum account and receive a welcome bonus of up to 75%. All the other benefits in the other accounts are provided and in addition, each Platinum account holder receives 1-on-1 trading sessions, a trial session with a top financial analyst and an unlimited connection to a personal account manager. This account gives easier access to trading strategies and traders can create custom trading plans or stick with the ones provided on the trading platform. They pay smaller commissions on their trades which allow them to earn big profits from every trade.
There is no mention of a demo or Islamic account.
Traders at UltraTrade can choose among many different binary options choices including Long Term, One Touch, Ladder, Pairs, 60 Seconds and iFollow. iFollow is for those who are new to trading or don’t have much time to spare. With this type of binary option, there is no need to study the markets or make predictions or keep up with market trends. Traders simply follow the most successful traders in the broker’s community and profit the same way they do.
The broker provides up to 85% payout without any taxation. Daily and weekly market reviews and an economic calendar are available on the website and there are listings for trading assets as well as trading hours in various global markets.
A full glossary of financial terms is available and a brief instruction on how to trade binary options is offered.
Bonuses and Promotions
Besides the welcome bonuses offered to those opening new accounts and 3 additional deposit bonuses of up to $5000, UltraTrade offers traders 10 free insured trades which guarantees refunds if the money is lost.
In addition, there is a Refer-a-Friend promotion whereby the trader makes $100 for each new account opened by a referred trader.
The minimum amount for deposit is $350 USD/EUR/JPY/GBP. The currency is determined according to your platform currency and according to your payment method. Deposits as well as withdrawals can be made using a variety of methods including bank transfers, credit and debit cards, WebMoney, Neteller, Skrill and other online wallets.
Any amount of money can be withdrawn as long as it doesn’t exceed a trader’s balance.
UltraTrade’s main office is located in the center of London, England. Traders can contact representatives by phone in satellite offices located in Australia, New Zealand, Canada, Germany, Italy, France and Spain. The website is available in English and Russian. Email and fax connects to the London office and live Chat is offered during working hours.
In general, UltraTrade is a successful new binary options platform. The withdrawals and deposits were made without a hitch, the customer support staff is responsive and the trading platform is perfect with easy navigation between charts and trade executions.
- Choice of Trading Accounts
- Low Deposit Requirement
- CySec Regulated
- No Demo or Islamic Accounts
- Little Educational Material
Review info: UltraTrade
Review Date: 2016-04-13
Rating : 2
Reviewed By : Sara Patterson