According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Web platform
- UTEX mobile platforms
- 1:30
- Trading stocks and ETFs for USDT
Our Evaluation of UTEX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
UTEX is a broker with higher-than-average risk and the TU Overall Score of 4.66 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by UTEX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
UTEX provides a convenient solution for investors seeking to diversify their portfolios with U.S. equities while utilizing cryptocurrency. The platform’s low entry threshold and user-friendly interface make it particularly attractive to those new to financial markets.
Brief Look at UTEX
UTEX is a modern platform for trading U.S. stocks and ETFs using USDT. Launched in 2020, the platform aims to simplify access to the U.S. market for investors and traders worldwide. UTEX has gained popularity among users due to its user-friendly interface and wide range of assets. The platform offers access to more than 10,000 tickers, including stocks of top companies and penny stocks. With a low entry threshold starting at $10 and leverage up to 1:30, UTEX is suitable for both experienced and novice traders.
- Over 10,000 trading instruments.
- Access to U.S. stocks for traders from different countries.
- Intuitive and user-friendly trading platforms.
- Low minimum deposit at $10.
- Trades in USDT minimize sanctions and regulatory risks.
- Client funds are held in cold wallets.
- Mobile versions of trading platforms are provided for convenient access.
- Access is limited to the U.S. securities market.
- No license or regulation.
- No demo account.
TU Expert Advice
Financial expert and analyst at Traders Union
UTEX is a modern platform offering unique opportunities for trading U.S. stocks and ETFs, especially in the context of geopolitical restrictions. UTEX enhances security and minimizes the risk of asset freezes by utilizing USDT for trades and storing funds in cold wallets. The platform focuses on simplicity and convenience, as reflected in its interface and fee structure.
UTEX implements Margin Call and Stop Out mechanisms through a loss limit system. If daily losses exceed the predefined limit, all open positions are automatically liquidated at the prevailing market price. Subsequently, trading on the platform is temporarily restricted until the following day. By default, the loss limit for the stock market is established at 80% of the account balance. However, traders retain the flexibility to adjust these parameters to manage risk and effectively tailor their trading strategies.
Overall, UTEX is an excellent choice for medium-term investors and traders seeking access to the U.S. market without complex procedures and with minimal investments. The simple registration process, flexible trading conditions, and wide range of instruments make the platform valuable for beginners and experienced market participants.
UTEX Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Web platform, UTEX mobile apps |
|---|---|
| 📊 Accounts: | Real |
| 💰 Account currency: | USDT |
| 💵 Deposit / Withdrawal: | USDT, bank cards |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 10 stocks |
| 💱 EUR/USD spread: | 0.02-0.4% |
| 🔧 Instruments: | Stocks, Penny Stocks, ETFs, Pre-IPOs, Cryptocurrencies |
| 💹 Margin Call / Stop Out: | A loss limit mechanism is used instead of Margin Call and Stop Out levels |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, Limit, Stop |
| ⭐ Trading features: | Trading stocks and ETFs for USDT |
| 🎁 Contests and bonuses: | Yes |
UTEX is a platform that allows trading of over 7,000 U.S. stocks, investing in ETFs and Pre-IPOs. To increase clients’ purchasing power, leverage is provided: 1:30 for day trading and 1:2 for overnight positions. Live accounts can be funded with cryptocurrencies or a bank card.
UTEX Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Renaldo Onio 
AR Resistencia The deposit and withdrawal is fast and simple
No complex tools available
Yai Chutimant
TH Maha Sarakham Impressive crypto range
The range for stocks is not as wide as I exected for a platform focused on stocks
BR Brasília
PH Clark
TH
VN Hanoi
Trading Account Opening
To create a user account on the UTEX website, follow next steps:
Start the account creation process by clicking "Register".
Provide your email address and generate a password. At this stage, you can also enter a promo code to receive bonuses (promo codes are available via the Telegram channel "Good Buy, America").
Completing the KYC process is voluntary. Traders who don’t require high deposit and withdrawal limits can begin trading without uploading documents.
Additional features of UTEX’s user account allow traders to:
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Deposit funds.
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Set up two-factor authentication (2FA).
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Complete the KYC process.
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Edit their user profile.
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Request profit withdrawals.
Regulation and safety
UTEX is owned by ICUT Ltd., a legal entity registered under the laws of Saint Vincent and the Grenadines. UTEX does not hold a stockbroker license, or any other financial intermediary license required for trading securities on centralized exchanges.
Advantages
- Easy to register and start working on the platform
- Lower operational costs
- Higher leverage
Disadvantages
- Increased risks due to lack of regulation by supervisory authorities
- No compensation scheme for clients
- Complaints with a financial regulator cannot be filed
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Real | 0.02% | Yes |
UTEX also charges an overnight commission, which varies by trading instrument.
The table below compares commissions charged by UTEX and other brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$3 | |
|
$2 |
Account types
To begin trading stocks on UTEX, clients need to register, deposit funds, and access the “Stocks, Margin” platform. Demo accounts are not available.
Account types:
Deposit and withdrawal
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UTEX ensures a seamless and quick withdrawal experience.
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Clients can withdraw USDT via blockchain, with the option to exchange cryptocurrencies using any third-party service.
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Withdrawal requests are made through the client’s user account.
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The minimum withdrawal amounts are as follows: 10 USDT for TRON and 50 USDT for Ethereum.
Investment Options
UTEX is an innovative platform offering convenient and reliable tools for investors focused on medium-term strategies. It’s ideal for those planning to hold assets for several months to years, earning passively from their value growth.
The platform also provides access to Pre-IPO investments, offering investors the opportunity to invest in a company before its initial public offering (IPO). This allows investors to purchase shares at a potentially lower price before they are listed on the stock exchange, potentially selling them later at a higher value.
UTEX’s affiliate program
UTEX offers a multi-tiered affiliate program based on the cumulative trading volume generated by referred clients. Affiliate rewards are calculated as a percentage of the trading fees paid by these referrals.
UTEX affiliate program structure:
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Level 1 (referrals’ trading volume from $100,000): 40% of trading fees.
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Level 2 (from $2 million): 45%.
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Level 3 (from $5 million): 50%.
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Level 4 (from $10 million): 55%.
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Level 5 (from $20 million): 60%.
As a bonus for new clients, all participants, regardless of their level, receive an increased reward of 60% of their referrals' trading fees during the first 30 days after joining the program.
Customer support
UTEX provides 24/7 support to clients.
Advantages
- 24/7 support
- Support in the user's language
Disadvantages
- Sometimes operators are not available in the chat
- Response delays
UTEX provides multiple ways to contact client support:
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Email.
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Website chat.
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Telegram chatbot.
Contacts
| Official site | https://utex.io/ |
|---|---|
| Contacts |
Education
UTEX aims to provide traders with high-quality educational resources for effective trading. The official website offers various materials designed to help both novice and experienced traders improve their skills.
UTEX provides basic educational materials to help clients master the platform and understand classic trading concepts.
Detailed review of UTEX
UTEX is a modern platform offering convenient access to trading U.S. stocks with USDT. It is designed to meet the needs of various categories of investors and traders, including beginners, advanced market participants, and crypto traders looking to diversify their portfolios with securities. UTEX enables clients from countries with geopolitical restrictions to access the U.S. market. By using USDT and storing funds in cold wallets, the platform minimizes sanction risks and ensures high asset security.
UTEX by the numbers:
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Operates since 2020.
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Over 70,000 clients.
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More than 10,000 trading instruments.
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Monthly turnover exceeding $500 million.
UTEX is an innovative platform for trading U.S. Stocks with USDT
UTEX stands out for its intuitive interface and a wide selection of assets, including stocks of leading companies such as Tesla, NVIDIA, and Apple. Flexible trading conditions, a minimum entry threshold of $10, and leverage up to 1:30 make it appealing to both experienced investors and those new to the stock market. Additionally, UTEX offers bonuses on initial trades, supports customized risk settings, and provides extensive analytical tools and educational resources.
One of UTEX's key advantages is its focus on the security and trade speed. All transactions are verified for integrity through the Crystal service, and two-factor authentication provides an additional layer of protection. Convenient deposit and withdrawal methods make working with the platform as comfortable as possible.
UTEX’s analytical services:
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Market analysis and reporting. This provides access to market data and analytical tools.
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Educational resources. This service allows users to learn the basics of investing and capital management.
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24/7 client support for any inquiries.
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Personal dashboard. This allows users to manage investments and track progress through an intuitive interface.
Advantages:
24/7 support and educational materials.
Bonuses on initial trades.
Transparent fee structure.
Margin trading capability.
Automated and personalized risk management.
UTEX offers simpler access to the securities market compared to traditional stockbrokers, making it easier for beginners to get started.
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