Score

1.08 /10
Danger

UPTX

United Kingdom

Within 1 year

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index3.71

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-11-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

UPTX · Company summary

UPTX Information

UPTX is a global asset trading and investment platform that offers comprehensive market access to thousands of assets in the futures market. These include Crypto, Stock, Forex, Commodity, Index and ETFs.

The broker provides a proprietary trading platform named “UPTX-Trade in Stocks & Crypto”. Also, it enables 2FA, open source code and SSL cryptography for security.

However, the company does not provide full transparency on accounts and trading conditions. What makes matters worse, it operates without regulation from any authorities, impairing its credibility.

UPTXs homepage

Pros and Cons

Pros Cons
Wide selection of investment choicesNo regulation
Tight starting spreadsLimited information on trading conditions
Fund segregationLimited customer support channels
Copy trading

Is UPTX Legit?

UPTX is not regulated by any financial authorities so far, which you should take into consideration before tapping into real trades with them, since lack of regulation usually means less financial security and customer protection.

No license

What Can I Trade on UPTX?

When dealing with investment, it's always smart to scatter your assets instead of putting all your money in one product. To mange risks in the volatilve markets, brokers with diversified market instruments are always a better choice than those with singular product or less portofolio.

With UPTX, you can make a diversified selection from 6 asset classes, including forex, indices, commodities, stocks, ETFs and cryptocurrencies.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on UPTX?

Trading Platform

UPTX offers a proprietary trading platform named “UPTX-Trade in Stocks & Crypto” with different application version on iOS and Android devices. With the mobile version, you can monitor your trades on-the-go anytime you want.

UPTX-Trade in Stocks & Crypto

Customer Support Options

UPTX is extremely scarce of customer support channels. Your choices are only pop-out live chat on its website and social media platforms, with more comprehensive methods such as phone and email missing.

Though multiple language support is an advantage, the limitation of customer support can delay response on customer inquiry.

Contact Options Details
Phone
Email
Support Ticket System
Online Chat
Social MediaTwitter, Discord, Reddit, Telegram
Supported Language10 languages including English, Chinese, Japanese, Russian, Portuguese, Italian, etc.
Website LanguageEnglish
Physical Address

The Bottom Line

UPTX offers a wide selection of investment options for traders to diversify their investment portofolio in futures. AI copy trading is one of its predominant features for traders to follow the steps of top trading experts globally.

However, the unregulated status irritates those who care a lot about security. And the absence of transparency on trading conditions leaves traders in the dark about their trading costs. Therefore, when choosing a brokerage to trade with, always give preferences to those with regulation compliance and full transparency.

FAQs

Is UPTX safe?

Not really, since UPTX is not regulated by any recognized authorities so far.

What trading platform does UPTX offer?

UPTX offers a proprietary trading platform called “UPTX-Trade in Stocks & Crypto”.

Is UPTX good for beginners?

No, UPTX might not be suitable for beginners. The unregulated status suggests less compliance to industry standards and the absence of transparency on trading conditions confuse traders especially beginners as well.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.

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