UpperTrade
Abstract：UpperTrade offers multiple trading assets, including forex currency pairs, shares, crypto, commodities, and indices with leverage up to 1:200 and spread from 0.5 pips via MT5 and a web-based trading platform. However, the minimum deposit is as high as $250. Also, it is unregulated currently.
Note: UpperTrade's official website: https://uppertrade.pro is currently inaccessible normally.
| UpperTradeReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Dominica |
| Regulation | Not regulated |
| Market Instruments | Forex currency pairs, shares, crypto, commodities, and indices |
| Demo Account | / |
| Leverage | Up to 1:300 |
| Spread | From 2.0 pips (Beginner account) |
| Trading Platform | Web-based trading platform, MT5 |
| Min Deposit | $250 |
| Customer Support | Email: support@uppertrade.pro |
UpperTrade offers multiple trading assets, including forex currency pairs, shares, crypto, commodities, and indices with leverage up to 1:200 and spread from 0.5 pips via MT5 and a web-based trading platform. However, the minimum deposit is as high as $250. Also, it is unregulated currently.
Pros and Cons
| Pros | Cons |
| Multiple trading assets | High minimum deposit |
| MT5 supported | Not regulated |
| Lack of transparency | |
| Wide spreads on the Beginner account |
Is UpperTrade Legit?
UpperTrade is not regulated by any financial authorities. The Polish Financial Supervision Authority (KNF) shows no information about it. It means that it doesn't need to obey the rules of regulations. Traders should be cautious when choosing brokers.
What Can I Trade on UpperTrade?
| Tradable Instruments | Supported |
| Forex currency pairs | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
UpperTrade provides four account types: Beginner, Medium, Advanced and Professional.
| Account Type | Minimum Deposit |
| Beginner | $250 |
| Medium | $2000 |
| Advanced | $5000 |
| Professional | $25000 |
Leverage
UpperTrade's leverage varies by the accounts. The Medium and Beginner account is up to 1:300. Besides, the Advanced account is up to 1:200, and the Professional account is 1:100. Higher leverage always comes with high returnes and high losses.
Spreads and Commissions
The spread of UpperTrade also varies depending on the accounts. The Beginner account starts from 2.0 pips, the Medium account starts from 1.5 pips, the Advanced account starts from 1.0 pips and the Professional account starts from 0.5 pips. However, the commission is not mentioned.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based trading platform | ✔ | Web | Experienced traders |
| MT5 | ✔ | Desktop | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
UpperTrade can deposit and withdraw through credit cards and various crypto assets. And the minimum deposit is $250. There are no deposit and withdrawal fees.
Read more
Olymp Trade Review 2025: Is It Safe to Trade With？
Founded in 2014, Olymp Trade has been operating for over a decade, expanding its services and user base considerably, now offering focused trading in fixed-time trades (previously known as binary options in some regions) and Forex. Specifically, Olymp Trade operates two trading modes: fixed-time trades and forex mode. Fixed-time trades refer to trades with predetermined expiration times, where traders predict market movement directions. Payouts typically range from 70-90% of the investment amount. Forex Mode is a more traditional forex trading approach with variable leverage (up to 1:500 for experienced traders). At the same time, it allows for more sophisticated trading strategies with customisable take-profit and stop-loss orders.
NovaTech Scam Alert: Avoid Unregulated Forex & Crypto Fraud
Novatech FX Ltd. (“Novatech”), founded in 2019, was registered in St. Vincent and the Grenadines, a jurisdiction known for its minimal regulations and booming unlicensed brokers. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Mostly active from 2020 to 2023, they attracted investors by promising monthly returns of 3% to 5%. Accusing them of a $600 million investment fraud, the SEC filed charges on August 12, 2024, against NovaTech FX, Cynthia and Eddy Petion, and several promoters.
Maxxi Markets Review
Maxxi Markets is a forex broker founded in Comoros that offers traders access to a diverse range of financial instruments. With product offerings spanning commodities, forex, indices, metals, cryptocurrencies, and bonds, the broker caters to a wide spectrum of trading interests. Backed by the Mwali International Services Authority (MISA) under an offshore Retail Forex License (license number T2023425), Maxxi Markets combines innovative technology with varied account options to serve both novice and experienced traders.
JustForex vs JustMarkets: A Comprehensive Comparison in 2025
Selecting the right forex broker can make the difference between trading success and frustration for most investors, especially retail investors. As retail traders gain unprecedented access to global markets, the choice between platforms like JustForex and JustMarkets becomes increasingly significant. Both brokers offer some shining features within the forex and CFD trading space, but their approaches differ in some areas.
WikiFX Broker
Latest News
Plunging Oil Prices Spark Market Fears
WikiFXCelebrate Ramadan 2025 with WelTrade & YAMarkets
WikiFXWikiFX App Version 3.6.4 Release Announcement
WikiFXIndian Watchdog Approves Coinbase Registration in India
WikiFXSILEGX: Is This a New Scammer on the Block?
WikiFXHow Can Fintech Help You Make Money?
WikiFXGood News for Nigeria's Stock Market: Big Gains for Investors!
WikiFXIIFL Capital Faces SEBI's Regulatory Warning
WikiFXWhy Is OKX Crypto Exchange Under EU Probe After Bybit $1.5B Heist?
WikiFXGold Trading Insights: Prepare for Moves Above $2,900 Post-CPI
WikiFXRate Calc
