UpperTrade

Note: UpperTrade's official website: https://uppertrade.pro is currently inaccessible normally.

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

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?

Account Type

UpperTrade provides four account types: Beginner, Medium, Advanced and Professional.

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

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.