Don’t know where scams are Discover this at our Utrader review

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Utrader Review

Rating:

Utrader broker is one of the binary options providers that does not get much reviews. What forces this broker to stay out of sight of broker reviewers? Read our Utrader scam review and you will find out!

Min. Deposit: $250 Demo: N/A

Platform: SpotOption Bonus: N/A

Regulation: N/A US Clients: Yes

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Utrader does not comply with our vision of a proficient binary options broker and not accidentally. In order to provide crystal-clear reasons why Utrader should not be your potential broker, we have prepared the following list:

  1. Not regulated by any authorised financial institution
  2. Poor diversification of tradable assets
  3. Little differences in features of offered accounts
  4. Absence of Islamic, PAAM/MAM accounts
  5. Unqualified customer support
  6. Transactions are not secured

We suggest clarifying every reason in detail further.

Utrader Scam Trust Review

Utrader provides trading services without any reputable license. It is quite risky to entrust your hard-earned money in brokers that have no regulation. When preparing this review, we discovered that Utrader had been struggling for two past years to obtain a CySEC regulation. For some secret reasons, it has not happened yet.

However, Utrader scam still tries to ensure that it is the best broker available in binary market. It even provides some fake awards, but no official certificates.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Is trading at Utrader worth it?

We believe that Utrader does not present the level of binary trading quality, which is generally anticipated from a professional brokerage. Although Utrader provides 90+ assets permanently available, the platform still does not supply the full capacity of options trading.

The following financial instruments are accessible on the Utrader binary platform:

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Since Utrader utilizes the web-based SpotOption platform, it is quite upsetting that there is no possibility to trade FX or CFDs. Additionally, the only binary trading types that you can select at Utrader are: Basic binary options, Long-Term, 60 seconds or Turbo options, One-Touch and Pairs.

If you are a beginner, then it would be useful for you to copy trades of leading binary traders by tracking their performance and profit from the strategies that they successfully implement. All this would be possible thanks to the iFollow feature powered by SpotOption. Unfortunately, at Utrader iFollow trading is disabled.

Utrader Reviews: Trading Accounts at Utrader

At Utrader, you are supposed to pick one of the 5 trading accounts: Start, Silver, Gold, Platinum and VIP. The minimum deposit requirement starts with $300 for the Start account. Accounts can be opened in 3 currencies: EUR, USD and GBP. Chosen currency cannot be changed later on.

Perhaps the main problem with the trading accounts at Utrader is that their features simply resemble each other. Hence, if you select the VIP account. do not really expect to have an edge in binary trading or experience more personalized approach to your needs. Although they might grant you some exclusive features, the price for this account is just not reasonable to pay.

Furthermore, Utrader does not offer demo account, Islamic account, PAAM/MAM or any account suitable for institutional investors.

Utrader Review of the Customer Support

Well, the customer support services represent a mediocre quality. It is still impossible to give customer support agents 5 stars for the assistance. For example, if clients have serious problems with their trading accounts or feel suspicious about Utrader, customer support usually ignores their concerns. We have read many individual Utrader reviews to get the whole picture. Therefore, we can conclude that customer support is able to provide help only in minor or basic questions, but simply cannot back up customers in significant issues.

There are 3 ways to contact customer support at Utrader: phone, Skype and email. Live chat is not available.

Utrader fails to provide secure transaction

We all know how important is the security of personal account data, which of course includes information about transactions made. Good brokers usually employ SSL encryption and offer segregated accounts to ensure the full safety. Utrader provides none of these features and thereby trading here becomes even riskier.

Thus we do not recommend you to deposit any money at this broker, because it can backfire tremendously on you.

Utrader binary broker review: The Bottom Line

Utrader is just one of the many scams that stand on your way. This broker cannot guarantee decent trading conditions to its customers nor it can prove its reliability. Do not sign up with Utrader. We recommend only those brokers that deserve to be trusted.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Don’t Get April Fooled

The Most Common Financial Scams That Even Smart People Fall For

April 1 st is right around the corner and with so much of our spending now done online or with credit cards, financial scams are on the rise. Don’t be fooled into thinking it could never happen to you. Being aware of popular scams, reasons we fall for them and how we can avoid them in the future is the foundation of protecting yourself from financial fraud.

Knowing some prevalent scams can help you recognize if you are the target of fraud. Scammers use tactics like phishing, fraudulent documents, larceny and more to retrieve your personal financial information or trick you into sending money. Below are some of the most common financial scams.

  • Fake Checks: You may receive a letter saying you won the foreign lottery. There’s a cashier’s check enclosed to cover the taxes and fees and all you have to do is wire the money to the sender. However, after a few weeks you will learn the check is forged. You are responsible for all deposits made into your account and the bank is required to give you credit for checks deposited, so you will lose money for any checks you wrote against that deposit.
  • Phishing: Scammers use emails or phone calls posing as legitimate organizations in order to trick people into revealing things like passwords, Social Security numbers or other personal information. Don’t click on any hyperlinks you receive in email messages unless you can verify the source and don’t give information over the phone without verification.
  • Nigerian Letter Scam: Also called a 419 scam, this trick involves a letter from a Nigerian prince offering the recipient the opportunity to share in a percentage of millions of dollars that the prince is attempting to transfer out of Nigeria. The sender asks for a deposit or your bank account number. While this may sound like an obvious scam, it has been around for decades and continues to lose people money.
  • Grandparent Scam: Scammers target elderly people by posing as a child or grandchild and asking for monetary help. The fraudster cites unfortunate events such as an accident or arrest while traveling that requires money to be wired immediately. If you receive this call, attempt to get in touch directly with this person or verify through other relatives before sending any money.
  • Phony Charity: Emails or phone calls urging you to donate to a good cause might tug at the heartstrings, but be careful that these aren’t scammers posing as charities. Confirm the legitimacy of all charities with Charity Navigator or the Better Business Bureau before making donations.
  • Mortgage Relief: In the wake of the real estate market’s collapse, scammers posing as lawyers began to offer homeowners “a way out” by granting them a loan in exchange for a fee. Victims will pay the fee and never receive the promised loan.

Reasons We Fall into Financial Scams

There are a number of reasons intelligent people everywhere still find themselves as victims of fraudulent financial schemes. We are more apt to make irrational decisions or let our guard down when we’re in financial trouble or someone we care about needs immediate help. Promises of financial gain can also drive us to make risky investments. Additionally, scammers are constantly fine-tuning their schemes as well as exploiting people’s weaknesses. By keeping your guard up when it comes to your finances and protecting your personal information, you’re less likely to fall victim to a scam.

How to Avoid Scams

In order to better protect yourself from financial scammers, you must keep your personal information private and stay aware of what scams might look like.

  • Protect Personal Information Online: Use strong passwords, don’t put your birthdate on social media sites and provide personal information on a need-to-know basis.
  • Transfer Securely: Use only secured outlets for transferring money or wiring money to people you don’t know.
  • Destroy Compromising Documents: Shred bank statements, receipts and any piece mail with personal information on it.
  • Read Monthly Statements: Rather than assuming everything is correct, take a second glance at your monthly bank statements in order to make sure you’re the only person making purchases on your card.
  • Invest Wisely: There’s really no sure thing in investments and high returns are never guaranteed, so if you’re promised a completely safe investment, double-check the credibility.
  • Shop Safely: Mobile devices often lack the security of a computer, so try to avoid making mobile purchases or saving your credit card information on mobile websites.
  • De-Clutter Your Wallet: Minimize the amount of things you carry around with personal information on them.
  • Say No: You have the right to politely decline to provide someone with personal information no matter how legitimate their organization or their offer appears. Promise to get back to them once you can verify the validity of their claims.

Discover Card wants to ensure that people are aware of fraud and are taking the right precautions to protect their finances.

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.

Opinion City Review – What You Should Know!

Opinion City, located at OpinionCity.com, is an online portal that connects consumers with research companies where they can receive compensation for completing surveys.

During the time of writing this review there was much controversy regarding the legitimacy of Opinion City.

Functioning as a seemingly anonymous online portal, we have discovered the entity behind the registration for their domain and the insight gathered is not pretty.

To find out more information regarding Opinion City, we invite you to read our up-to-date unbiased review.

What is Opinion City?

Opinion City is structured as a simplistic landing page that directs viewers to their various supported market research companies.

While they fail to disclose any information regarding how their platform works, a couple of minutes of navigating the site will render you with the information needed.

In simplicity, Opinion City “works” by informing you which market research companies and survey sites you need to consider joining to start making money from home.

It should be noted that these compensated research surveys do not dish out much cash and that you should not expect to acquire a substantial stream of revenue for your time exerted.

Meaning all-in-all, Opinion City does nothing more than connect consumers with paid survey opportunities, while likely making money off of online referrals in return.

However, it should be noted that many consumers do report receiving respectable sums of compensation for the surveys they have completed.

So if you have time to spare, and if the findings in this review don’t disturb you too much, then you could consider Opinion City as an outlet to find compensating survey opportunities.

Who is Behind Opinion City?

OpinionCity.com does not disclose any ownership or identifying information anywhere upon their site.

We browsed through the sites Terms of Use, Contact Us, and Privacy Page only to discover that no entities apart from Opinion City were disclosed.

With this information in mind we went ahead and conducted a WHOIS domain report on OpinionCity.com.

Among the information disclosed in the report would be how OpinionCity.com was registered on January 15th, 2007 by an organization known as A&A Marketing based out of Illinois, USA.

According to employee outlets like Glassdoor, A&A Marketing did not reflect much positive feedback and is being declared a scam by many of their past workers.

Popularity

According to SimilarWeb, OpinionCity.com reflected a global rank of 60,864 with a US rank of 11,781 as of December 19th, 2020.

Approximately 92.27% of the sites traffic is derived from viewers who reside within the United States.

Detailed in the market intelligence report would be how OpinionCity receives roughly 57% of their traffic from referral, email and display advertisement sources.

Red Flags & Question Marks

Lack of Transparency

OpinionCity does not disclose any information regarding their owners or current operators.

It wasn’t until we conducted a WHOIS domain report that we unraveled that A&A Marketing is their domain registrar (meaning creators behind the site) and the reviews regarding A&A Marketing are horrible.

Facebook Page Likes

In the past it has been discovered by other review portals that OpinionCity was employing a form of traffic exchange to accrue more likes to their Facebook page.

Not only is this highly unethical but it makes Opinion City appear more reputable and credible than they truly are letting on.

Past Employment of Pressure-Inducing Widgets

Furthermore, Opinion City use to funnel and pressure their site visitors until selecting particular surveys by claiming that there were only an “x” amount of spots available.

Opinion City has no affiliation with these survey entities outside of a partnership so there is no way they would know the available spots open, besides when have you heard of a market research or survey company limiting the capacity of surveyors?

We believe that the past employment of the “Total Spots Available” was a way to funnel consumers to their most lucrative offers, not particularly the ones best fit for the consumer.

Employment of Stock Photos

As you can see in the image shared below, Opinion City also appears to be implementing stock photos into the framework of their city trying to pass them off as legitimate entities.

While this isn’t necessarily an uncommon characteristic amongst online sites it is a characteristic that we have never found appealing nor ethical.

What Others Are Saying

Many review portals are indicating that Opinion City is not a dependable survey matching entity.

The red flags shared above were considerable factors that we believe made these review portals more inclined to declare these verdicts but we also found a common denominator regarding most of these reviews.

If you take the time to browse these other reviews, you will notice how the majority of them are encouraging consumers to sign up with their own recommendations opposed to giving Opinion City a shot.

While this isn’t necessarily frowned upon it does indicate that many of the other review sites have a different agenda in mind for you.

As we previously shared as well, A&A Marketing does NOT reflect much positive feedback as well.

Why put your time, energy and faith with a site that appears to be founded by an untrustworthy entity?

Is Opinion City Trustworthy?

Due to their past employment of questionable marketing tactics along with being created by a corporate entity that reflects excessive complaints, we do not believe Opinion City to be the most trustworthy entity.

Opinion City Review Conclusion

If you are scraped for cash and looking for a quick way to supplement some of your income online, you could consider completing online surveys to help you bridge any financial gaps.

Why we do not feel that Opinion City is the most trustworthy entity, that does not mean that the survey companies they are working are not legitimate.

Given the findings shared above, we advise consumers to pursue Opinion City at their own risk.

Outcome: Opinion City should be used at your OWN risk!

Site: OpinionCity.com

Please feel free to share any insight or experiences you may have below!

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