About Urban Fx Trade
Company Overview
Urban Fx Trade is a forex broker that claims to be based in the United Kingdom, with a registered address in Glasgow, Scotland. The broker was purportedly founded on December 25, 2019, and operates under the entity Urban Fx Trade LLC.
As of our review, the official website at urbanfxtrade.com is not accessible, preventing independent verification of the broker's offerings and operational status. This lack of accessibility is a significant red flag for potential traders.
Regulatory Status
Despite being listed in some industry databases as having a CYSEC (Cyprus Securities and Exchange Commission) licence, the status is marked as empty or inactive, and the company description explicitly states that Urban Fx Trade is not authorized or regulated by any regulatory authority.
This contradiction, combined with the inaccessible website, indicates a high risk of operating without proper oversight. Traders are strongly advised to avoid any dealings with unregulated brokers.
Trading Instruments and Services
Due to the website being offline, no information could be gathered about the trading instruments, account types, minimum deposit, leverage, spreads, commissions, or trading platforms offered by Urban Fx Trade.
The absence of publicly available details severely limits any assessment of the broker's services. Potential clients should be extremely cautious when considering an entity that provides no verifiable information.
Client Suitability
Urban Fx Trade is not suitable for any trader, especially those seeking a regulated and transparent broker. The combination of an inaccessible website, contradictory regulatory claims, and a high scam risk score (85/100) makes it a hazardous choice.
Traders should only consider brokers with clear regulatory credentials and an active, informative website to ensure their funds are protected.
Overview compiled by FXCanary from regulatory records and public data. full Urban Fx Trade review