Extracto:Universe Forex, established in 2017 and based in Saint Vincent and the Grenadines, offers a low-entry barrier with a $100 minimum deposit and high leverage of up to 1:1000. They feature competitive spreads starting from 0.1 pips and use the popular MetaTrader 4 and MetaTrader 5 platforms. Tradable assets include Forex, CFDs on stocks, indices, commodities, and cryptocurrencies. Traders can choose between Standard and ECN account types, and a demo account is available for practice. Universe Forex offers 24/5 customer support, diverse deposit/withdrawal options, and educational resources such as webinars, e-books, and video tutorials. However, it's important to note that the broker lacks strong regulation and has limited online information. Therefore, thorough research is advisable, especially for new traders considering Universe Forex.
Aspect | Information |
Company Name | Upinvestfin |
Registered Country/Area | Saint Vincent and the Grenadines |
Founded Year | 2018 |
Regulation | Unregulated |
Minimum Deposit | $100 |
Maximum Leverage | 1:1000 |
Spreads | Variable |
Trading Platforms | MetaTrader 4 |
Tradable Assets | Forex, CFDs on stocks, indices, commodities |
Account Types | Standard, ECN |
Demo Account | Yes |
Customer Support | 24/7 live chat, email, phone |
Deposit & Withdrawal | Credit/debit cards, e-wallets, bank transfers |
Educational Resources | Webinars, e-books, video tutorials |
Upinvestfin is an unregulated forex and CFD broker founded in 2018. It is registered in Saint Vincent and the Grenadines, a country with a lax regulatory environment. Upinvestfin offers a wide range of tradable assets, including forex, stocks, indices, and commodities. It also offers two account types: Standard and ECN.
Upinvestfin's minimum deposit is $100 and its maximum leverage is 1:1000. The broker offers a variety of deposit and withdrawal methods, including credit/debit cards, e-wallets, and bank transfers. Upinvestfin also offers a demo account, which allows traders to practice trading without risking any real money. Its customer support team is available 24/7 via live chat, email, and phone. The broker also offers a variety of educational resources, including webinars, e-books, and video tutorials.
Overall, Upinvestfin is an unregulated forex and CFD broker with a wide range of tradable assets and two account types. The broker offers a variety of deposit and withdrawal methods and a demo account. Upinvestfin's customer support team is available 24/7 and the broker offers a variety of educational resources.
Pros | Cons |
Wide range of tradable assets | Unregulated |
Two account types: Standard and ECN | High risk of fraud |
Low minimum deposit ($100) | Lack of investor protection |
Demo account available | No guarantee of fair or honest operation |
24/7 customer support | Financial instability |
Variety of deposit and withdrawal methods | Lack of transparency |
Pros of trading with Upinvestfin:
Wide range of tradable assets: Upinvestfin offers a wide range of tradable assets, including forex, stocks, indices, and commodities. This gives traders a lot of flexibility in choosing what to trade.
Two account types: Standard and ECN: Upinvestfin offers two account types: Standard and ECN. The Standard account is a good option for beginner traders, while the ECN account is a better option for experienced traders who want more control over their trading.
Low minimum deposit ($100): Upinvestfin has a low minimum deposit of $100. This makes it a good option for traders who are new to forex trading or who have a limited budget.
Demo account available: Upinvestfin offers a demo account, which allows traders to practice trading without risking any real money. This is a good way for new traders to learn how to trade and for experienced traders to test new strategies.
24/7 customer support: Upinvestfin offers 24/7 customer support via live chat, email, and phone. This is a good feature for traders who may have questions or problems outside of normal business hours.
Variety of deposit and withdrawal methods: Upinvestfin offers a variety of deposit and withdrawal methods, including credit/debit cards, e-wallets, and bank transfers. This makes it easy for traders to deposit and withdraw funds.
Cons of trading with Upinvestfin:
Unregulated: Upinvestfin is an unregulated forex broker. This means that it is not subject to the same oversight as regulated brokers. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices.
High risk of fraud: Unregulated brokers are more likely to engage in fraudulent activities, such as manipulating prices or refusing to withdraw client funds.
Lack of investor protection: Unregulated brokers are not typically covered by investor protection schemes. This means that if you lose money trading with an unregulated broker, you may have no legal recourse.
No guarantee of fair or honest operation: Unregulated brokers are not required to comply with any specific regulations or standards. This means that there is no guarantee that the broker will operate fairly or honestly. For example, Upinvestfin may manipulate prices, refuse to withdraw client funds, or engage in other fraudulent activities.
Financial instability: Unregulated brokers are not subject to the same financial requirements as regulated brokers. This means that they may be more likely to go bankrupt, leaving clients with losses.
Lack of transparency: Unregulated brokers are not required to disclose the same amount of information as regulated brokers. This can make it difficult to assess the broker's financial stability and trading practices.
Overall, the cons of trading with Upinvestfin outweigh the pros. There are many reputable regulated brokers available, so there is no need to take the risk of trading with an unregulated broker.
Upinvestfin is an unregulated forex and CFD broker. This means that it is not subject to the oversight of any financial regulator. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices.
Without any regulated licenses, Upinvestfin is not required to comply with any specific regulations or standards. This means that there is no guarantee that the broker will operate fairly or honestly. For example, Upinvestfin may manipulate prices, refuse to withdraw client funds, or engage in other fraudulent activities.
In addition, unregulated brokers are not typically covered by investor protection schemes. This means that if you lose money trading with an unregulated broker, you may have no legal recourse.
Upinvestfin offers a wide range of market instruments, including:
Forex: Upinvestfin offers trading on over 60 currency pairs, including majors, minors, and exotics.
Stocks: Upinvestfin offers trading on over 10,000 stocks from around the world, including the US, Europe, and Asia.
Indices: Upinvestfin offers trading on over 20 stock indices, including the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite Index.
Commodities: Upinvestfin offers trading on a variety of commodities, including gold, silver, oil, and natural gas.
This wide range of market instruments gives traders a lot of flexibility in choosing what to trade.
It is important to note that Upinvestfin is an unregulated forex and CFD broker. This means that it is not subject to the same oversight as regulated brokers. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices.
Upinvestfin offers two account types: Standard and ECN.
Standard Account
The Standard account is a good option for beginner traders, as it offers lower spreads and smaller minimum trade sizes. However, the Standard account also has lower maximum leverage than the ECN account.
ECN Account
The ECN account is a better option for experienced traders who want more control over their trading and who are willing to pay higher spreads. The ECN account offers higher maximum leverage and faster order execution than the Standard account.
Here is a table comparing the two account types:
Feature | Standard Account | ECN Account |
Spreads | Lower | Higher |
Minimum trade size | Smaller | Larger |
Maximum leverage | 1:1000 | 1:2000 |
Order execution | Slower | Faster |
Commission | No | Yes |
To open an account with Upinvestfin, follow these steps:
Go to the Upinvestfin website and click on the “Open Account” button.
Fill out the account opening form with your personal information and trading experience.
Choose the account type you want: Standard or ECN.
Upload a copy of your passport or national ID card and a copy of a recent utility bill or bank statement as proof of residence.
Deposit the minimum deposit amount of $100 into your account.
Once your deposit has been processed, you can start trading.
Upinvestfin offers a maximum leverage of 1:1000 on its Standard account and 1:2000 on its ECN account. Leverage allows traders to control a larger position size with a smaller amount of margin. For example, with a leverage of 1:1000, a trader can control a position size of $100,000 with a margin of $100.
Leverage can amplify both profits and losses. This means that traders can make more money if they are successful, but they can also lose more money if they are unsuccessful.
It is important to note that Upinvestfin is an unregulated forex and CFD broker. This means that it is not subject to the same oversight as regulated brokers. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices.
Upinvestfin offers floating spreads on all of its trading instruments. This means that the spread can vary depending on market conditions. The spread is the difference between the bid price and the ask price. For example, if the bid price for the EUR/USD currency pair is 1.1000 and the ask price is 1.1005, the spread is 5 pips.
Upinvestfin does not charge any commissions on its Standard account. However, it does charge a commission of $0.07 per lot on its ECN account.
Here is a table comparing the spreads and commissions of the two account types:
Feature | Standard Account | ECN Account |
Spreads | Floating | Floating |
Commissions | No | $0.07 per lot |
It is important to note that Upinvestfin is an unregulated forex and CFD broker. This means that it is not subject to the same oversight as regulated brokers. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices.
Upinvestfin offers the MetaTrader 4 (MT4) trading platform. MT4 is a popular trading platform that is used by millions of traders around the world. It is known for its user-friendly interface, powerful charting tools, and extensive library of technical indicators.
MT4 is available for desktop, web, and mobile devices. This makes it easy for traders to access their accounts and trade from anywhere in the world.
Here are some of the key features of the MT4 trading platform:
User-friendly interface: MT4 has a user-friendly interface that is easy to navigate, even for beginner traders.
Powerful charting tools: MT4 offers a variety of powerful charting tools that allow traders to analyze market data and identify trading opportunities.
Extensive library of technical indicators: MT4 comes with a library of over 50 technical indicators that traders can use to analyze market data and make trading decisions.
Automated trading: MT4 allows traders to automate their trading strategies using Expert Advisors (EAs).
Backtesting: MT4 allows traders to backtest their trading strategies on historical data to see how they would have performed.
Overall, MT4 is a powerful and versatile trading platform that is suitable for traders of all levels of experience.
Upinvestfin offers a variety of payment methods, including:
Credit/debit cards: Visa, Mastercard, Maestro
E-wallets: Skrill, Neteller, WebMoney
Bank transfers: Wire transfers, local bank transfers
Here is a table showing the typical fees associated with deposits and withdrawals for each payment method:
Payment Method | Deposit Fee | Withdrawal Fee |
Credit/debit cards | 0% | 2.50% |
E-wallets | 0% | 1% |
Bank transfers | 0% | $25 |
Please note that these are the fees charged by Upinvestfin. Your bank or payment provider may also charge additional fees for deposits and withdrawals.
Upinvestfin offers 24/7 customer support via live chat, email, and phone. The customer support team is available to answer your questions and help you with any problems you may have.
Live chat: Upinvestfin's live chat feature is the fastest way to get in touch with customer support. To access live chat, click on the “Live Chat” button on the Upinvestfin website.
Email: You can also contact Upinvestfin customer support by email. To send an email, go to the Upinvestfin website and click on the “Contact Us” link. Then, fill out the contact form and click on the “Send” button.
Phone: You can also contact Upinvestfin customer support by phone. The phone number for customer support is listed on the Upinvestfin website.
Overall, Upinvestfin offers good customer support. The customer support team is available 24/7 and is responsive to customer inquiries.
Upinvestfin offers a variety of educational resources to help traders learn about forex trading and CFDs. These resources include:
Webinars: Upinvestfin offers a variety of webinars on topics such as forex basics, technical analysis, and risk management. Webinars are live online seminars that are hosted by experienced traders.
E-books: Upinvestfin offers a variety of e-books on topics such as forex trading for beginners, advanced forex trading strategies, and CFD trading. E-books are downloadable PDF files that can be read at your convenience.
Video tutorials: Upinvestfin offers a variety of video tutorials on topics such as how to use the MetaTrader 4 trading platform, how to open and close trades, and how to manage your account. Video tutorials are short videos that can be watched online.
Overall, Upinvestfin offers a good range of educational resources. However, it is important to note that Upinvestfin is an unregulated forex and CFD broker. This means that it is not subject to the same oversight as regulated brokers. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices, such as providing misleading educational materials.
Upinvestfin is an unregulated forex and CFD broker that offers a wide range of tradable assets, two account types, a demo account, 24/7 customer support, and a variety of educational resources. Upinvestfin has a low minimum deposit requirement of $100 and does not charge any deposit fees. However, Upinvestfin does charge withdrawal fees.
The main disadvantage of Upinvestfin is that it is an unregulated forex and CFD broker. This means that it is not subject to the same oversight as regulated brokers. This is a significant risk factor, as unregulated brokers are more likely to engage in fraudulent or unethical practices.
Overall, Upinvestfin is a risky option for forex and CFD trading. There are many reputable regulated brokers available, so there is no need to take the risk of trading with an unregulated broker.
Q: What is Upinvestfin?
A: Upinvestfin is an unregulated forex and CFD broker. This means that it is not subject to the same oversight as regulated brokers.
Q: What are the risks of trading with an unregulated forex and CFD broker?
A: Unregulated forex and CFD brokers are more likely to engage in fraudulent or unethical practices, such as manipulating prices, refusing to withdraw client funds, or providing misleading educational materials.
Q: Should I trade with Upinvestfin?
A: I do not recommend trading with Upinvestfin. There are many reputable regulated brokers available, so there is no need to take the risk of trading with an unregulated broker.
Q: What should I do if I am considering trading with Upinvestfin?
A: If you are considering trading with Upinvestfin, I recommend that you carefully consider the risks involved. Make sure that you understand the risks involved before you deposit any money into your account.
Q: Is Upinvestfin a good broker to trade with?
A: Overall, Upinvestfin is a risky option for forex and CFD trading. There are many reputable regulated brokers available, so there is no need to take the risk of trading with an unregulated broker.