Utex Exchange is a trustworthy spot and margin exchange for trading US stocks for USDT with x30 leverage. To make an informed decision, read this detailed Utex.io review.

Bearish markets and cryptocurrency investments no longer seem like safe, reliable investments that will bring big profits later. Many people ask themselves: stocks or crypto? I can honestly say that I will never be able to choose one. The stock market is much safer, but there is rarely the volatility and profitability that can be in the crypto market, but the risks are many times higher. 

I have a lot of trading experience and I have used several hundred services. Frankly, I am testing all trading platforms. And I can say that the most famous are sometimes much worse in terms of features and functionality than some local small exchanges in different regions. 

In this article I will do an honest review of UTEX, which has been my trading platform for the last few months. You won't find much information and reviews about this platform on the web, so here's a detailed review of the offering: I will tell you about its features, pros and cons that I have noticed for myself. I will share with you my cases and my experience of investing in US stocks (Tesla, NVidia, etc.).

Stocks VS Crypto. What is UTEX Exchange?

UTEX is a top platform for spot and margin trading of crypto and stocks with x30 leverage. UTEX launched in 2020 and initially specialized exclusively in cryptocurrency trading.

I used dozens of exchanges, but each had its own problems: high commissions, uncomfortable interface, lack of important tools. I can't say that UTEX stood out from the rest, but I was immediately attracted by the fact that they offer to trade pairs with USDT. This was interesting for me to try out as a trader who trades both stocks and cryptocurrencies. 

UTEX offers a really cool opportunity: without any restrictions you can invest in stocks for USDT, including US stocks with x30 leverage. It's a perfect option for traders.

Before I start to work with any service where I am going to work with my assets, it is important for me to make sure that it is safe. And this should be done by everyone of you: First check the project team, reviews on third-party resources, ratings and reviews of authoritative media - and only then become a user of this project, exchange, etc.

UTEX has been on the market for more than 3 years, you can see many articles on crypto media resources on the Internet, where top editors review the platform and recommend it to their users.

“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.” – Josh Crypto Bard ‘Utex Exchange Review’ on Medium

In addition to this I found many positive reviews from UTEX users, below I show a few of them:

Let me explain more about how UTEX works.

• Margin Trading

As mentioned, you can trade USDT stocks and USDT cryptocurrencies with 30x leverage.

UTEX also has a list of stocks and around 50 cryptocurrencies, which means that almost every instrument can be traded both long and short. This is a big plus: you can go short when the market is falling, for example.

• Spot Trading

Great for novices and experts. The interface has 2 parts - basic and extended. In the first one there is no unnecessary information, you just choose a direction, look at the chart and open a market order to buy or sell. 

The second is a classic terminal with a price glass, orders of different types (limit, market, stop, etc.).

How do I trade? One of my successful cases of stock trading I will share with you

I do not use a web terminal to trade, I use Aurora (a platform you can install on your computer). I always make sure that the platform has a PC application - it's more convenient, I have multiple monitors, I can open multiple charts, trade directly from them, do technical analysis, generally without crutches, so that's a plus. You can configure almost everything, including the display of the stack and alerts to notify you of market events. You set your own hotkeys and control the terminal from a separate application. The web version is just clumsy.

The main advantage of UTEX is that you can easily deposit and withdraw funds in USDT. 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.

Case how I earned on TSLA in 2023 with UTEX? My Success Story

Let's take a look at a case study: How I made money with Tesla stock in 2023

• Start-up capital: $1000 (20% spread, 80% spot)
• Tools: Margin (leverage x30) and spot long on UTEX

If you remember, in December 2022 and January 2023, the cryptocurrency and financial markets fell sharply (indicators for the biggest companies and cryptocurrencies fell to local lows), and the top stocks updated their lows. 

In my opinion, Tesla is a good and promising company, but I am afraid of the hype around the stock and its crazy volatility. But for myself, I've mapped out that $250+ per share is overkill at this point, 150-250 is a good range to lock in, and below 150 is a good range to consider entering a position.

In January 2023, I saw the Tesla price range I consider a good entry point. The price had fallen to $109.

What did I do? When the market is pouring and panic is everywhere, you need to keep a cool head and dock. 

I had USDT on hand, so my main platform was UTEX. Why I choose UTEX? Traders around me spoke highly of UTEX, saying that it was made by traders for traders. That's why I chose it.

Generally I registered, deposited money and started buying with a ladder - the average purchase price was around $122. I took part of it long term, part was margin with 30x leverage, of course with stop-losses.

As a result, above $200 I fixed 63% profit on Tesla (about $18k), and decided not to play with fate. UTEX has a very clear and convenient interface and you can easily withdraw your profits immediately. In these uncertain times, it seems to me that such rapid growth in a month and a half (I remind you that I entered the main portfolio at the beginning of January at $122) is really a gift.

I did not touch Tesla in the long-term portfolio until July. And when the price started to rise on the back of good news, I was able to make a very good profit.

Below are the key benefits of using the marketplace:

• Simple interface, multiple trading modes (basic and advanced)
• Own exchange token UTT, which allows to lower the trading fees to 0.1%

By using UTT to pay fees on pre-IPO futures trades, you can get a 50% discount on the trading fees. For example, if the standard commision for a crypto trade is 0.2%, you will pay half of that – 0.1% when paying with UTT. A similar discount applies to futures trading: when paying with UTT, the fees for such transactions will be 1.5% instead of the standard 3%.

• Price protection feature. When a user sends a large volume market order, it is executed 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 be returned to the account. This protects the investor from an unfavorable transaction.
• Spread warning: If the difference between the best buy price and the best sell price in the stack (spread) is greater than 3%, users will receive a notification. A high spread can indicate a lack of liquidity and a risk of sudden price spikes.
• UTEX has a KYC (Know Your Customer) system, which is necessary to ensure that the service complies with the laws governing cryptocurrency. In this system, the user has several levels: the more data he provides about himself, the higher the level. It is important to say that UTEX uses a third party service for verification and does not use personal information for its own purposes.

UTEX also offers good conditions for your referrals: all users who sign up through a referral link are automatically assigned to a partner who receives a steady 30% of their commission. A great offer for the media, bloggers and all users who will recommend the exchange to their friends.

Can Utex be Trusted? 

Where to invest now, in equities or cryptocurrencies, depends only on your goals. It is always important to assess the risks and only invest in proven projects. It is also important to do it on secure services. As mentioned above - it should be a reliable platform with the necessary pool of instruments you need and opportunities for trading. From my experience I can say that there are very few such services, and UTEX exchange confidently takes a place in the top 5 exchanges in my rating among hundreds of other projects. 

In short, UTEX is a really cool option for those who want to trade cryptocurrencies, US stocks and can do it with USDT. Trading with x30 leverage, user-friendly interface, its own token that allows you to reduce the commission by 2 times are part of the pluses that I have noticed for myself. Now I only trade on this platform and withdraw my profits in peace. My opinion: the exchange is perfect for a certain category of traders who want to trade US stocks for cryptocurrencies with x30 leverage, as well as any investor who trades either only stocks or only crypto. Try Utex for yourself and let us know what you think. Good luck to all!