Urban Quest Trading (Imposter) has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My card was charged twice by Urban Quest Trading (Imposter) on the same day. I had to dispute it with my bank. Urban Quest Trading (Imposter) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Real-time alerts|Risk management tools
Cons: Currency conversion fee exists
I wanted to transfer my portfolio from another broker to Urban Quest Trading (Imposter). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Smooth onboarding|Personal attention|Easy to use platform|Multi-device support
Cons: Spreads widen during volatile periods|Email notifications too frequent
Urban Quest Trading (Imposter) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Reliable uptime|No hidden fees|Easy to use platform|Portfolio tracking tools
Cons: No fractional shares|Live chat only during business hours