United Traders Review
This is a prop trading platform allowing traders to get direct access to the US Stock market. This is an unregulated company but they are not brokers. United Traders offers access to the four most popular US markets such as NYSE, NASDAQ, AMEX, BATS.
Trading platform and conditions
UT offers its own Aurora platform which is suitable for trading on US and Russian Stock markets. This platform contains all necessary tools including analysis instruments, comparing features (meaning that you can compare two or more assets on the same chart. Tradingview has the same functionality, by the way).
Additionally, United Traders offers several platforms including Pair Trader, Fusion, Sterling Trader, Laser Trader, and Volfix.net. All those trading terminals are known in the world of investment.
As for the conditions, you can start with 300USD choosing the Beginners’ account. There are also two more account types that require higher initial investments but offer more interesting tariffs.
Education and Analysis
It is hard to find a broker nowadays who offers no education materials to his traders. United Traders has prepared a special course for the beginners to provide them with the most updated data on financial markets and trading.
Here you can find everything you want to learn about day trading, scalping, and other trading styles and strategies. There are also trading accounts for training that allow you to practice all your knowledge you have received during your studies.
As for the analysis and market research, we have found nothing on their official website. It is sad as many other companies try to offer as much as they can.
Official website review
The website is user-friendly and looks modern. Thre is everything a trader needs there except research materials, which we have mentioned in the previous part of this review.
There are no comments coming from English speaking traders, but there lots of opinions from the Russian speaking community. They mention that the company has no license to conduct its activities on the Russian exchange. According to some traders’ investigations, the company is registered as LTD in Russian but once you open your account your money is transferred to another company located on the British Virgin Islands.
If you have already had some experience with this company, please, do not hesitate to provide our readers with details. Leave your comments about the quality of services and the reliability of this prop trading company.
Advantages and disadvantages
Those who have opened their account here may benefit from the following:
- Several trading platforms including their proprietary aurora terminal.
- Rich education program.
- A demo account is available for all traders.
- The possibility to stay with the company and trade there once you have graduated from their school.
- Low entrance amount. You can start with 300USD only.
As for the disadvantages, they are the following:
- No regulation at all.
- No analytics, no market research.
- No guarantee that you will be included in their traders’ pool.
United Traders is not another broker but a prop trading company. It offers a large number of financial instruments including the biggest US Stock markets. This company has no regulation and it is registered as LTD. There are many negative opinions in the Russian community about their experience of working with United Traders.