Is Uptos Scam or Legit broker?

Uptos is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

  • It is not safe to trade with Uptos as it is an offshore broker. Uptos LTD is registered and operates as a financial investment company under the laws of St. Vincent and the Grenadines.
  • However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company operation. That means, the broker is not regulated, not overseen, and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets, and more. Read more about St. Vincent and the Grenadines regulation by the link.

 

About Uptos
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is Uptos safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is Uptos?

Uptos claims to be a leading foreign exchange broker with competitive trading conditions (See the Best Regulated Forex Brokers). This multi-asset trading platform offers over 250+ products across multi-asset classes such as currencies, stocks, commodities and energies, derivatives, and many more. The broker also provides MetaTrader 5 platform (Check out MT5 brokers’ list) and leverages up to 400:1.

“CONSOB  availed itself of the powers deriving from the “growth decree” regarding the blackout of the sites (including Uptos LTD (website www.uptos.net) of abusive financial intermediaries, as well as the new power introduced by Law no. 8 of 28 February 2020, regarding the blackout of the site through which the abusive bid is made.”

 

Uptos - official website

Overall Uptos Ranking 

Since our research revealed multiple issues in respect of Uptos regulation and reliability, we do not rank positively Uptos, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • Uptos Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingUptosXMBlackBull Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading PlatformsFavorable Fees

Uptos Alternative Brokers

Based on the Uptos regulations and safety issues we revealed during our research, we suggest much better Alternatives to Uptos with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below: 

Uptos in India

Uptos allows Indian traders to open accounts and trade. However, Uptos has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Uptos in the USA

The United States is one of the countries that is not accepted by Uptos. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for Uptos, you are only permitted to trade with the U.S-regulated platforms.

Deposits & Withdrawals

The minimum deposit is $250. Traders can deposit with Credit/Debit Cards, American Express, PayPal, Skrill, and Wire Transfer. The broker does not charge any deposit fees. 

Apps

The broker offers an UpTrader platform. The platform offers advanced financial trading functions, as well as superior tools for technical and fundamental analysis. UpTrader can also trade automatically by using trading robots and trading signals. In addition to the desktop and mobile versions, the platform is available on the web and can be accessed from any device. UpTrader is available on Windows, Android, and Apple.

Demo Account

Uptos does not offer a demo account.

Uptos Review Conclusion

Even though the trading offering might seem attractive, the offshore status of the company does not guarantee the provision of services at the necessary level of client and fund protection. For that reason, we would advise choosing the broker more carefully and checking on at the first step the broker’s regulation status.

Reputablereputable firms that hold FCA, FINMA, or other licenses are established in accordance with the international standards, protecting clients at every step and even compensating the trader in case if the things go wrong with the company. Thus we advise to sign in with regulated brokers like Pepperstone and TMGM.

  • Overall ranking and experience for Uptos is Negative

 

No news available.

6 responses to “Uptos”

  1. Ich war beiden uptos Plattform for ca.6 Monaten aktive aber zu spät gemerkt dass sie betrüger sind ca 12000 usd investiert aber dürfte nicht ausgezahlt werden.
    Bitte nicht Ihre anydesk Nummer geben sie greifen auf ihre privat daten sonst die werden alles löschen was sie auf ihre Händy haben, oder speichern sie ihre Fotos… in USB

  2. Il Presidente del Tribunale di Firenze mi ha concesso ordine di pagamento immediato contro UPTOS
    Il Procuratore della Repubblica ha dichiarato questa condanna valida in tutto il mondo.
    L’Ufficiale Giudiziario Ha notificato l’atto di condanna contro UPTOS in tutte le sedi operative di UPTOS, con la richiesta di condanna penale contro UPTOS e contro chiunque ha usato il telefono o il PC per rubare capitali.
    Presto i truffatori saranno arrestati e saranno accolti in carcere, dove non possano più fare del male alle persone oneste.
    Avvocato Marcello Stanca Firenze

    The President of the Court of Florence has granted me an immediate payment order against UPTOS
    The Public Prosecutor declared this sentence valid all over the world.
    The Bailiff has served the conviction against UPTOS in all the operational offices of UPTOS, with the request for a criminal conviction against UPTOS and against anyone who used the telephone or PC to steal capital.
    Soon the scammers will be arrested and taken to jail, where they can no longer harm honest people.
    Lawyer Marcello Stanca Florence

  3. Spot on with this write-up, I honestly feel this website needs a lot more attention. I’ll probably be returning to see more,
    thanks for the advice!

  4. Howdy! Do you know if they make any plugins to safeguard against hackers?
    I’m kinda paranoid about losing everything I’ve worked hard on.
    Any tips?

  5. We’re a gaggle of volunteers and starting a brand new
    scheme in our community. Your web site offered us
    with helpful information to work on. You have performed a formidable task and our
    whole neighborhood will probably be grateful to you.

  6. My developer is trying to persuade me to move to .net from PHP.
    I have always disliked the idea because of the costs. But he’s tryiong none the less.
    I’ve been using Movable-type on several websites for about
    a year and am concerned about switching to another platform.
    I have heard excellent things about blogengine.net. Is there a way I can transfer
    all my wordpress content into it? Any help would be greatly appreciated!

Leave a Reply

Your email address will not be published.

* code