Unauthorised Firm Details

Name: Urban Trades
Website: urbantrades.com

Urban Trades Review – High-Risk Broker with Red Flags

Urban Trades presents itself as a global trading platform offering access to over 2,100 markets, including forex, stocks, commodities, and cryptocurrencies. The platform claims to provide services to millions of investors worldwide and emphasizes features like raw spreads, demo accounts, and mobile trading. However, a closer examination reveals several concerning issues that potential clients should be aware of.

Key Concerns

• Unverified Regulation: Urban Trades claims to be regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD018. However, there is no verifiable evidence of this license, and the FSA is known for offering licenses with minimal regulatory oversight.

• Lack of Transparency: The platform provides limited information about its ownership, management, or operational history. The website’s design is cluttered, and essential documents such as user agreements and risk disclosures are difficult to locate.

• Limited Trading Platform: Urban Trades offers a basic web-based trading platform with minimal features. It lacks advanced charting tools and technical analysis capabilities, which are standard in the industry.

• Cryptocurrency-Only Deposits: The platform accepts deposits exclusively in cryptocurrencies, which raises concerns about the security of funds and the lack of recourse in case of disputes.

• Aggressive Marketing Tactics: Urban Trades employs high leverage (up to 1:1000) and promises of substantial returns, which are often associated with high-risk brokers.

Bottom Line: Given the lack of verifiable regulation, limited transparency, and high-risk trading conditions, Urban Trades poses significant risks to potential investors. It is advisable to exercise caution and consider alternative, well-regulated brokers.