Uptos reviews

Uptos reviews

Quite a young broker (2019) focused on fast trading, with quality customer service. The company has several major assets at its disposal. The company is registered in Saint Vincent and the Grenadines. Acts on the principle of self-regulation (not regulated by any organization). Despite this, clients from 80 countries already use the company’s services. Given that the company is new on the financial market, it is reasonable to assume that the client base will only increase, and the quality of the company will improve.

About 250 different assets are available to the clients, such as currencies, commodities and securities.  A trader can choose the account with the necessary parameters. The company offers six different types of accounts.

Markets

Uptos reviews

The company offers margin trading in all markets, these are cryptocurrencies (only basic tokens are presented), forex, stocks (about 1000), commodities and raw materials are also available for trading.

Fees

We found the system of charging spreads and commissions confusing, we have not found any clear information, so it is quite difficult for the client to create a business model without the initial data. For example, the surprising thing is that we didn’t find any spreads for currencies, crypto, even for the securities, but for the raw materials, they ranged from 0.4 for gold to 6 points for the crude oil contracts.

Leverage

Leverage is average for the market and is 1:400. Remember that with the growth of margin trading or speculative trading, the risk of loss increases when you open deals without proper preparation and analysis. For example, if the company was operating under the Cyprus regulation, it would not be able to offer a gain greater than 1:30.

Deposits and Withdrawals

There is a minimum starting balance, which is $250. This allows you to screen out non-professional players, and provide more or less safe forex trading. Payments are accepted, by cards, wire transfer, PayPal and even Scrill.

The company doesn’t charge for deposits and withdrawals, but deposits are instant. Except for wire transfer, and withdrawals are processed 3-5 business days.

Demo account

Uptos reviews

The company is positioning itself as a company for real clients and the demo account option is not provided here. Of course, beginners may not like it, but in our experience, a person who wants to earn, may practice on the free version of Metatrader, which is freely available to download on the Internet.

Additional Features

The company has not any training materials at the moment, which is very unusual in the face of tough competition for clients. Probably in the future. Such materials will be available.

Uptos accounts.

On choice is available: Student, Beginner, Premium, Advanced, Professional and VIP accounts, the range of deposits from 250 dollars for the Student account up to 100000 for VIP. Trading is available on MT5, the minimum volume of transaction on all tariffs – 0.01 lot

Support

Uptos reviews

Despite the fact that the support exists, representatives of the company did not have full knowledge of the market and services of the broker. Communication is implemented through:

Built-in chat.

Phone – +18559253933

E-mail – support@uptos.com

Feedback form

Security

MT5 has its own protection with support for encryption and two-factor authentication, as for the company’s website, we have not found any clear information about security.

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