URUS TRADE Forex Broker

Note: URUS TRADE's official website: https://www.urustrade.com is currently inaccessible normally.URUS TRADE Review SummaryFounded2019Registered Country/RegionSaint Vincent and the GrenadinesRegulationNot regulatedMarket InstrumentsForex, stocks, commodites, indices and cryptocurrenciesDemo Account✅LeverageUp to 1:1000Spread/Trading PlatformMetaQuotes and MetaTrader5Min Deposit€1,000Customer SupportContact formFacebook: 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 ConsPros Cons Multiple trading choicesNo legal regulationLimited info on tradingUnavailable websiteLack of transparencyNo demo accountsHigh minimum depositLimited language supportLimited customer service channelsIs 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.Trading PlatformSupported Available Devices MT4❌/MT5✔ComputercTrader❌/MetaQuotes✔Computer