Utex Exchange Review: Trading US Stocks for USDT with x30 Leverage
Utex Exchange is the best spot and margin exchange for trading US stocks for USDT with x30 leverage. Read this detailed utex.io review to make an informed decision.
Hi everyone! Today I want to tell you how you can trade shares of US companies for cryptocurrency, trade with 30x leverage from anywhere in the world and in any jurisdiction**.
What is this article about?
In this article, I will share my review of UTEX exchange, which I myself have been using for about 2 years now. UTEX is a cool cryptocurrency exchange, it opens up opportunities to diversify your crypto portfolio, especially during tough bullrun and volatility
After a few months of regular use, I thought it would be great to share my honest review of the product. Especially since there aren’t many articles about UTEX and all its tools on the internet right now. So now you are reading my honest review, where I will share with you my experience of using it and make a small review of the exchange.
I will try to be objective and make the review as detailed as possible so that you can make your own decision to trade on this cryptocurrency exchange or not.
Let’s start with how I first heard about UTEX
Back in 2021, I was mostly invested in stocks, when there was a bull run and bitcoin was worth $60,000 per coin, in parallel with crypto. At that time, Tesla ($TSLA) and Meta ($META) stocks were hitting record highs of $400+ and $380+ respectively, while the S&P 500 Index was hitting highs of 4807 (for comparison, at the time of this writing, the index is hovering around 450, which is 10 times lower than the highs).
Seeing how crypto is rocking, I decided to focus on this market. But the question came up — which exchange to trade on in the common cryptocurrency interface.
I have been in the investment market for about 10 years, and during this time I have built up a good network base and an environment of strong traders, including “classic” crypto traders. And I heard the name UTEX several times when I was looking for an exchange to choose for trading as a beginner.
The exchange is the best of the similar ones, because of the following benefits: simple and fast system handling, reasonable commissions (and the absence of any hidden charges), a personal cabinet without a thousand unnecessary buttons and a great recommendation (without them). And what is the main plus for me is the possibility to trade US stocks for cryptocurrency with x30 leverage, about which I will tell you a little below.
What is UTEX?
UTEX is a platform for spot and margin trading of cryptocurrencies and stocks with x30 leverage. Launched in 2020 and initially specialized exclusively in cryptocurrency trading.
Let me give you a quick rundown on trading tools:
- Margin Trading Stocks to USDT with 30x Leverage
- Cryptocurrency margin trading to USDT with 30x leverage
UTEX’s main feature is trading US stocks to USDT with x30 leverage in pairs without restrictions and very low commissions. For me, there is simply no analogy to this killer feature of the exchange.
Pros and Cons of UTEX
As a long-time user of the exchange, I have a clear understanding of the pros and cons of UTEX. I will share them with you below.
What products does Utex Exchange offer?
1.UTEX MARGIN
UTEX offers trading of US stocks for cryptocurrency with x30 leverage. This means you can use 30 times more money than you have in your account. Good opportunity for experienced traders. Besides US stocks, cryptocurrencies can be traded using leveraged USDT and USD.
UTEX has a short list of over 9,000 stocks and about 50 cryptocurrencies. This means that almost any instrument can be traded long or short.
UTEX has also built its own risk management system. The exchange does not charge service fees, has low transaction fees and there is an option for customized rates. In case of any difficulties, the UTEX support team is always available on Telegram or in a convenient chat room.
2.UTEX SPOT (for novices and pro)
In the spot trading section you can switch between the basic and advanced interfaces. There is nothing superfluous in the basic interface, so beginners will not get confused. Experienced traders will find everything they need in the professional interface: order book, candlestick charts, limit orders, etc.
US Stock Trading for USDT
The most important feature of UTEX — easy access to the trading of US stocks for cryptocurrency. Easy deposit and withdrawal of funds in USDT is the main advantage. At the same time you get unlimited access to 4 US markets (NYSE, Nasdaq, AMEX, BATS) and can choose from thousands of stocks and ETFs.
And all of this with no restrictions worldwide and no requirement to be a high net worth investor. Plus, the zero maintenance fees and low transaction fees keep me on the exchange.
There is simply no substitute for trading leveraged US stocks for USDT without being a qualified investor.
Key Features of UTEX. Why choose UTEX?
Utex Exchange is the solution for those who want to trade US stocks for USDT with x30 leverage. It is a unique way to trade 2 markets and diversify their capital.
Now I will try to explain why I chose UTEX Exchange and neither eToro, nor others.
UTEX has everything from the popular Apple, Netflix and Tesla to the classic S&P500. Here are the key benefits in a simple to understand graph:
UTEX has several convenient functions and features that distinguish it from its competitors, such as the ability to open short positions and a huge liquidity reserve to avoid spreads. Based on the reviews, these features seem to be a hit with people.
1.Clear interface for both pro and novice traders. Nearly seamless switching allows you to trade in one place
There is a basic interface for beginners — simple, clear and requires no prior training. All information about fees, assets, chart, buy/sell buttons and operational support are available on one screen.
In case you are an experienced investor, there is a PRO interface with a more detailed set of features: “Candlestick” charts, order book, order history and gives the ability to place limit orders.
2.Price Protection Function
When a user sends a market order for a large volume, the exchange guarantees its execution at the order price. If there is not enough liquidity to fill part of the order at the best price, that part of the order will simply go back to the account.
I use this feature all the time to avoid unfavorable transaction prices.
3.Spread Warning
UTEX will immediately display a notification of a potentially illiquid asset if the difference between the best bid and ask in the stack (spread) is greater than 3%.
Here’s what it looks like. It is very convenient and allows you to weigh all the risks for and against.
- 50% fees discount — my favorite
UTEX has a cool feature — if you hold UTT tokens in your wallet, you will be able to get a 50% discount on commissions.
For example, if the standard commission for crypto trading is 0.2%, by holding UTT tokens you will only pay 0.1%.
I constantly trade US stocks for USDT with leverage (I use 30x leverage for active trading) and for me personally commissions are a big issue. On UTEX the maximum commission I pay per trade is 0.03%. This is a very low and comfortable figure for me, which allows me not to spend huge sums on commissions.
Considering that there is a high probability that the token will grow in the long run, the offer is interesting. I have invested a small part of the deposit, and in case of drawdowns, I just buy a part of the profit.
Affiliates Program
The exchange has a cool affiliate program — all users who sign up using a unique link are automatically assigned to an affiliate who receives a steady 30% of their commissions.
But the coolest thing is that the affiliate program brings profit 30% from all trades of your referrals. These are some of the best conditions on the market.
Here are my results as an affiliate — solid add-on to active trading
KYC
The exchange has a KYC (Know Your Customer) system, which is necessary for the service to be in compliance with cryptocurrency circulation laws. There are multiple levels of users in this system. The more data he provides about himself, the higher level he gets. UTEX uses a third party service for verification and does not use personal information for its own purposes.
Below you can see the different KYC levels and the restrictions they remove.
UTEX Exchange Reviews
You can find a lot of independent positive reviews about the exchange on the internet:
As you can see, the reviews are generally very positive and people are very happy with the experience that they are getting from UTEX Exchange.
What type of investor is Utex Exchange best suited for?
As someone who has personally experienced trading on Utex Exchange, I can confidently say that it is best suited for experienced and risk-tolerant investors who are looking to trade US stocks for cryptocurrencies with x30 leverage.If you understand how to use stop-losses and minimize your risk, you won’t have a problem.
Or if you are a traditional investor who trades Apple and Amazon stocks and wants to get familiar with Bitcoin and Ethereum, then UTEX is for you.
Utex is also a great platform for crypto and stock trading for beginners. You can easily and conveniently switch between instruments to take advantage of all market opportunities and diversify your portfolio.
Is Utex Exchange user-friendly?
I have to say that it is indeed user-friendly. What is more, I keep constantly recommending UTEX to my friends who are new to trading and I can definitely say that the exchange is very user friendly and easy to use.
Clear navigation, logic of icons, all-in-one trading terminal — all this allows you to quickly get used to UTEX and trade without any problems.
Another aspect that makes Utex user-friendly is its educational resources. When I first entered the world of cryptocurrency trading, their guides and tutorials helped me understand the ins and outs of the market.
How secure is Utex Exchange?
UTEX exchange is safe, trading is safe. Some security chips that are available on UTEX:
1.Account protection
Flexible settings for two-factor login and withdrawal of money are available: via email or Google Authenticator. I extremely recommend to opt in 2fa, and do not backup to Google Drive or other cloud service.
2.Wallet Protection
According to the site, UTEX exchange does not use users’ money and stores it on cold wallets. At the same time, there have been no problems with withdrawals for 2 years — everything happens instantly.
3.Password protection
When you login and register, algorithms automatically check passwords for leaks. They’re an intruder’s beachhead. I once had a leaked password, and I got a notification that the password had been “leaked to the network” and needed to be changed.
Is Utex Exchange Safe?
In my opinion, Utex is an absolutely safe and user-friendly stocks & crypto platform for leverage trading. Utex provides a seamless and engaging trading experience, making it a great choice for those looking to trade US stocks for cryptocurrency with x30 leverage.
For me, UTEX is one the best apps for stock trading. I highly recommend giving it a try and embarking on your own adventurous journey in the world of crypto and stocks trading.
Can UTEX be trusted?
UTEX is a functional product with an active community of traders, providing real-world application. It offers a 30% referral program and has established a reputable presence in the market. I’ve personally been using UTEX since 2021, and my positive feedback aligns with numerous favorable reviews about UTEX online.
Today, users from all around the world, including Europe, Africa, the Middle East, and Latin America, trade on UTEX without any restrictions. That’s why I recommend giving UTEX a try, at least to experience their unique feature — trading American company stocks with up to 30x leverage paired with USDT. And if you’re interested in reduced fees, consider investing in their token before its value appreciates significantly, potentially allowing you to earn even more.
So, welcome to a reliable and convenient gateway to Western markets — give it a try!
**Trading on the exchange is not available to citizens of the United States of America.
Links to the UTEX social media
Telegram: https://t.me/utex_exchange
Twitter: https://twitter.com/utex_utt
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