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URFinancials Review - is it scam or safe?

URFinancials review - Is scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz URFinancials
URFinancials is an offshore broker. Your money is not safe.


URFinancials is a forex and CFD borker, offering a variety of currency pairs, commodities, indices, stocks and some crypto CFDs on the MetaTrader4 platform. If you are thinking about investing with them be sure to read this review first.


Account type Min. deposit Max. leverage Spreads
Standard Account n/a 1:500 n/a


URFinancials Advantages:


Good variety of trading instruments


As we have already mentioned URFinancials offers a good variety of forex pairs – over 50, with some exotic currencies like the Singapore Dollar, the Honk Kong Dollar and the South African Rand. 


The broker also offers CFDs on precious metals like silver and gold, commodities, indices, stocks and crypto CFDs with coins like Ethereum, Bitcoin and Dash. Still, because of the popularity of all crypto assets in the past months, here you may check our list of brokers, also offering Bitcoin CFDs:


>>Bitcoin Forex Brokers<<


Leverage of up to 1:500


Since the beginning of August the European Securities and Markets Authority (ESMA) has capped the maximum leverage, allowed with all forex trade in Europe to 1:30. The move is part of a broader effort by the EU regulator to curb risks for all retail traders in the Union. 


A leverage as high as 1:500 as offered by URFinancials might seem attractive, but also comes with an increased risk of depleting your funds on a much faster pace and with the slightest fluctuation of the market.


Skrill and VPay accepted as payment methods


You may fund your account at URFinancials with popular e-wallets like Skrill and VPay, major credit and debit cards like VISA and MasterCard and with a bank wire. However, the broker does not accept Bitcoins, so here you may check our list of brokers accepting payments with Bitcoins:


>>Forex Brokers Accepting Bitcoin<<


MetaTrader4 supported


The presence of MetaTrader4 has always been good news. The platform is well known and preferred by professional and beginner traders alike. It features excellent charting tools, user friendly interface, more than 50 in-build market indicators and the option to run automated trading sessions with the help of customizable trading bots – Expert Advisors. Here you may check our list of brokers, also offering MetaTrader4:


>>MT4 Brokers<<


URFinancials Disadvantages:


No license, URFinancials is completely anonymous 


URFinancials does not say which is the company behind the broker. Also, there is no physical contact address, but just two telephone numbers – one Russian and one British. This is highly unusual as all legit brokers provide their clients with transparent information about their owners and also full details about their regulatory status. 


Here we should also note e that regulation is the single most important factor for the safety of any investment, because almost all unregulated, offshore brokers are involved in scam.


On the other hand, well respected financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC) do provide a sound regulatory framework and all brokers, holding a license by one of those institutions, are obliged to follow strict financial and ethical rules.


Here we should also note that traders with FCA brokers are entitled to a compensation of up to 50 000 GBP in case their broker goes insolvent. A similar compensation scheme with all CySEC brokers guarantees traders up to 20 000 EUR of their capital. Here you may check our list of FCA regulated brokers:


>>FCA Regulated Forex Brokers<<


No information about the minimum deposit requirement


URFinancials does not tell us what is the minimum deposit requirement to start trading with them. Have in mind that most brokers ask for about 250 USD to open an account, while some well established players like FBS and IG ask for as little as 5 USD.


Issues with the demo account


As we were not been able to open a demo account, we can not confirm the trading conditions, offered by the broker. Just have in mind that staring spreads should not exceed 1,5 pips with a standard account. Here you may also check our list of brokers, offering tighter spreads:


>> Lowest spread forex brokers<<


Unusual withdraw conditions


URFinancials links its withdraw conditions with certain trading volume requirements, if you  accept a bonus. Here is what we read in the Terms and Conditions: 





URFinancials is an unregulated broker, which does not bother to disclose the name of the company behind its operations. That is why we remain highly suspicious about their operations and once more strongly advise all potential traders to invest with properly regulated brokers only.

Latest news about URFinancials
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