Uptos-Overview of Minimum Deposit, Spreads & Leverage

BASIC INFORMATION:

Uptos is an online broker offering multi-asset trading with fast payments and reliable customer support. Operating since 2019, Uptos Ltd is registered in Saint Vincent and the Grenadines. The broker is currently unregulated but offers financial services in over 80 countries.

Uptos offers over 250 products across currencies, commodities, indices, and shares on the award-winning MetaTrader 5 platform. The broker also offers flexible funding options and top liquidity, with 6 accounts to choose from.

REGULATORY INFROMATION: LICENSE

No valid regulatory information

Please be aware of the risk!

MARKET

Uptos offers a varied product list. Over 90 currency pairs are available, along with spot commodities and energies, including gold, silver and oil. Clients can also speculate on popular cryptocurrency coins, such as Bitcoin, Ethereum and Ripple, as well as buying and selling over 1,000 shares

TRADING FEES

Floating spreads are available, with gold around 0.4 pips, silver 3 pips and crude oil starting from 6 pips. Unfortunately, average spreads across forex, cryptocurrencies and shares are not provided.

LEVERAGE

Uptos offers leveraged trading rates up to 1:400. But while an excellent tool for increasing positions and returns, it does also boost potential losses.

ACCOUNT TYPES

Uptos offers 6 account types: Student, Starter, Premium, Advanced, Pro, and VIP. The main differences are the minimum deposit levels and the addition of an account manager and daily analysis with the higher levels.

The minimum deposit starts at $250 with the student account, which climbs to $2,500 with the Starter Account, $10,000 with the Premium account, and reaches $100,000 with the VIP account. The MT5 platform and mobile app are available across all accounts, while the minimum position size with all options is 0.01

DEPOSITS & WITHDRAWALS

Payments can be made via Skrill, Visa, Mastercard, PayPal and wire transfer. The minimum accepted deposit is $250, which is higher than the minimum requirement at many online brokers.

Its free to fund your Uptos account and withdraw profits. Payment timelines vary depending on the method, but deposits are processed instantly while withdrawals take 3 to 5 days.

TRADING PLATFORMS

· Upstox Pro Web

· HTML-based trading platform

TRADING HOURS

24/5 trading is available at Uptos. Trading times follow respective market operating hours, so Sunday evening through to Friday for forex. See individual contract specifications for product trading times.

CUSTOMER SUPPORT

Uptos does have a responsive live chat team, which is great for getting prompt support. On the downside, customer service representatives weren‘t particularly knowledgable about the broker’s trading services.

Alternative customer support forums include:

· Telephone – +18559253933

· Email address – support@uptos.com

· Online enquiry form – Contact Us page

ACCEPTED COUNTRIES

Upstox accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries