Score

1.50 /10
Danger

Urban Fx Trade

United Kingdom

5-10 years

Suspicious Regulatory License

Clone Firm Cyprus

High potential risk

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Comparison

Expose

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.95

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • The claimed CyprusCYSEC regulation (license number: 199/13) is verified as a clone firm. Please pay attention to the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Urban Fx Trade · Company summary

Since Urban FX Trade 's official website (https://urbanfxtrade.com/) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.

basic-info

General Information

Urban FX Trade is a UK-based forex broker providing a series of trading instruments for its clients. Since this brokers official website cannot be opened for now, we could not obtain more details about its trading instruments, minimum deposit, leverage, spreads, commissions, etc, and more. Urban FX Trade is operated by Urban FX Trade LLC, and it is not authorized or regulated by any regulatory authority. Please be aware of the risk.

Leverage

Trading leverage cannot be found anywhere. Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Trading Platform

What Urban FX Trade provides is not the industry-leading MT4 or MT5 trading platform. And this broker does not elaborate on what trading platforms it provides.

Customer Support

As an unregulated forex broker, Urban FX provides the poor customer support. And clients with any inquires or trading-related issues can only get in touch with this broker through emails it provides: info@urbanfxtrade.com, support@urbanfxtrade.com.

Registered Company Address: Riva, 1 Main Street, Bothwell, Glasgow, Lanarkshire, Scotland, G71 8, GBR.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

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FX1395441203
more than one year
Unfortunately, Urban FX Trade is a broker that has run away. The regulatory licenses displayed on the website are all fake, and everything they say is not credible. My experience has taught me that we must be careful when choosing a broker, choosing those that are regulated and conducting a thorough background check on them. Otherwise, we risk suffering huge losses.
Unfortunately, Urban FX Trade is a broker that has run away. The regulatory licenses displayed on the website are all fake, and everything they say is not credible. My experience has taught me that we must be careful when choosing a broker, choosing those that are regulated and conducting a thorough background check on them. Otherwise, we risk suffering huge losses.
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2023-03-27 16:44
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小寒
more than one year
Don't waste your time here, the Urban Fx Trade website is down. Go find another reliable company!
Don't waste your time here, the Urban Fx Trade website is down. Go find another reliable company!
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2023-02-20 18:33
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