Abstract:Uprofit is allegedly a future broker based in the USA that claims to provide its clients with powerful trading platforms (NINJA Trader, R | Trader TM and R | Trader Pro TM), multiple tradable futures financial products, as well as a choice of four different live programs.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Information |
Registered Country/Region | United States |
Regulation | unregulated |
Market Instrument | futures from the CME, NYMEX, COMEX and CBOT |
Account Type | Basic, Advanced, Elite and Premium |
Demo Account | N/A |
Maximum Leverage | N/A |
Spread | N/A |
Commission | N/A |
Trading Platform | NINJA Trader, R | Trader TM and R | Trader Pro TM |
Minimum Deposit | N/A |
Deposit & Withdrawal Method | N/A |
Uprofit is allegedly a future broker based in the USA that claims to provide its clients with powerful trading platforms (NINJA Trader, R | Trader TM and R | Trader Pro TM), multiple tradable futures financial products, as well as a choice of four different live programs.
Here is the home page of this brokers official site:
As for regulation, it has been verified that Uprofit currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.23/10. Please be aware of the risk.
Note: The screenshot date is February 10, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Products
Uprofit advertises that it offers a wide selection of trading futures products from the CME, NYMEX, COMEX and CBOT.
Programs
There are four live programs offered by Uprofit, namely Basic, Advanced, Elite and Premium programs. Starting a Basic Program requires $89 monthly, while the other three programs have much higher starting fees of $160, $315 and $580 per month respectively. Other more detailed information about programs can be seen in the following screenshot.
Trading Platform
When it comes to trading platforms available, Uprofit gives traders three choices: NINJA Trader, R | Trader TM and R | Trader Pro TM. The broker claims that the NINJA Trader is equipped with advanced charting, market analytics, trading system development and trader simulation. While R | Trader TM can make traders view quotes, trades, market depth and option strikes in real-time, R | Trader Pro TM is the R | Trader TM with charts and a real-time interface.
Customer Support
Uprofit‘s customer support can be reached through email: support@uprofittrader.com or send messages online to get in touch. Company address: 14090 Southwest Freeway STE 300, Sugar Land (Texas 77478). However, this broker doesn’t disclose other more direct contact information like telephone numbers while most brokers offer.
Pros & Cons
Pros | Cons |
• Multiple programs and trading platforms to choose from | • No regulation |
• Lack of transparency |
Frequently Asked Questions (FAQs)
Q 1: | Is Uprofit regulated? |
A 1: | No. It has been verified that Uprofit currently has no valid regulation. |
Q 2: | Does Uprofit offer the industry-standard MT4 & MT5? |
A 2: | No. Instead, it offers NINJA Trader, R | Trader TM and R | Trader Pro TM. |
Q 3: | Is Uprofit a good broker for beginners? |
A 3: | No. Uprofit is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency. |
Admirals restarts EU client onboarding after a 2024 pause, enhancing compliance with CySEC regulations while aiming to boost its forex and CFD market presence.
Pocket Option is considered a beginner-friendly trading platform, providing access to over 100 CFD instruments. Though not in an extensive range, 12 currency pairs, 10 cryptocurrencies, and stock indices are enough for focused and efficient trading. Particularly, forex trading starts at $10, perfectly fit for beginners' trading styles. Besides, Pocket Option provides a free demo account with virtual funds of $50,000 to give users risk-free practice. Though Pocket Option introduces commission-free option trading, they are less competitive in trading costs for other instruments.
OlympTrade is a relatively young online broker registered in Saint Vincent and the Grenadines, a shady spot with a booming of unlicensed entities. Tradable assets on the OlymTrade are not extensive, and this broker does not tell many essential trading conditions. As for trading platforms, I found trades can only operated on a simple web-based trading platform, no Metatrader platform at all.
WNS Trade Limit, established in 2023, is a forex broker incorporated in Mauritius under registration number C200345. The company operates under the jurisdiction of the Financial Services Commission (FSC) of Mauritius, holding license number GB232201953.