USB Broker

USB Broker is a financial services firm registered in the United States, operating under the domain usbbroker.com. According to publicly available records, the company was founded on May 13, 2019, and lists its registered address in Midtown Manhattan, New York.

The broker presents itself as a provider of online trading services, though details on its specific market offerings remain limited in independent sources.

USB Broker has no regulators on file, meaning it does not hold a licence from any recognised financial authority. This absence of regulation is a significant factor for traders to consider, as it implies no external oversight of the broker's operations.

Trading with an unregulated broker carries inherent risks, including potential difficulties in dispute resolution and lack of investor protection schemes. Traders should exercise caution and conduct thorough due diligence before engaging with such entities.

The broker offers two account types: ECN and NDD. The ECN account requires a minimum deposit of $30 and offers a maximum leverage of 1:500. The NDD account has a slightly higher minimum deposit of $50, also with a maximum leverage of 1:500.

These accounts are typical of retail forex brokers catering to traders seeking high leverage and direct market access. The specifics of spreads, commissions, and other trading conditions are not provided in the known facts, nor are the platforms available for trading.

No information is available regarding the trading instruments offered by USB Broker. The known facts do not list any asset classes, such as forex pairs, indices, commodities, or cryptocurrencies.

This lack of clarity makes it difficult to assess the broker's suitability for traders interested in specific markets. Potential clients would need to verify instrument availability directly through the broker's website.

USB Broker's registered address is in New York City, at 415 Madison Avenue, Suite 1326, 13th Floor, New York, NY 10017, United States. The company also maintains a presence on social media platform X (formerly Twitter).

Despite its New York address, the broker does not appear to be registered with the U.S. Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA), which are required for offering forex trading to U.S. residents. This raises questions about whether it can legally serve clients within the United States.

FXCanary's Scam Risk Score for USB Broker stands at 42 out of 100, classified as 'Guarded'. This moderate risk rating reflects the combination of an unregulated status, limited public information, and the presence of high-leverage account options.

Traders considering USB Broker should weigh these factors carefully. The lack of regulatory oversight and minimal transparency regarding trading conditions make it a less suitable choice for those prioritizing security and regulatory protection.