URUS TRADE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 18:39

Abstract：URUS TRADE is a broker registered in Saint Vincent and the Grenadines that offers five types of trading instruments with leverage up to 1:1000 and supports trading on MetaQuotes and MetaTrader5. However, URUS TRADE holds no legal regulatory lincese and has been listed as fraud by the Spanish financial instiution CNMV.

　　Note: URUS TRADE's official website: https://www.urustrade.com is currently inaccessible normally.

URUS TRADE Review Summary
Founded	2019
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Not regulated
Market Instruments	Forex, stocks, commodites, indices and cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	/
Trading Platform	MetaQuotes and MetaTrader5
Min Deposit	€1,000
Customer Support	Contact form
Customer Support	Facebook: https://www.facebook.com/pg/UrusTrade/posts/?ref=page_internal

　　URUS TRADE is a broker registered in Saint Vincent and the Grenadines that offers five types of trading instruments with leverage up to 1:1000 and supports trading on MetaQuotes and MetaTrader5. However, URUS TRADE holds no legal regulatory lincese and has been listed as fraud by the Spanish financial instiution CNMV.

Pros and Cons

Pros	Cons
Multiple trading choices	No legal regulation
	Limited info on trading
	Unavailable website
	Lack of transparency
	No demo accounts
	High minimum deposit
	Limited language support
	Limited customer service channels

Is URUS TRADE Legit?

　　URUS TRADE holds no valid license and has been blacklisted by the Spanish financial regulatory agency, the CNMV. The terms on its website indicate that it is registered in Saint Vincent and the Grenadines, an offshore region where brokers are not formally regulated.

　　In addition, the domain of this broker was registered on August 2, 2019, and has expired on August 2, 2024.

What Can I Trade on URUS TRADE?

　　URUS TRADE offers five types of market instruments: foreign exchange, commodities (including precious metals, oil, corn, and more), stocks, indices, and cryptocurrencies. However, URUS TRADE lacks legal regulation, so trading these market instruments on the URUS TRADE platform poses a high risk of financial loss.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	❌
Stocks	❌
Mutual Fund	❌
Futures	❌

Leverage

　　URUS TRADE did not mention the leverage on its official website, but its trading platform shows leverage as high as 1:1000, which is too exaggerated. No legitimate and responsible broker would offer such high leverage, as it could result in you losing all your assets at once.

Trading Platform

　　URUS TRADE claims to provide MetaQuotes and MT5 trading services. However, we are unable to verify this claim because the broker does not offer free demo accounts, and the official website is inaccessible.

　　Additionally, unregulated brokers like URUS TRADE are unlikely to have obtained licenses from professional platforms like MetaTrader5.