The Uptrend Center-Some Important Details about This Broker

General Information

The Uptrend Center claims to be an online forex broker registered in Canada, providing access to various financial markets including Forex, Crypto, Stocks, Commodities, Indices. The Uptrend Center provides 3 types of trading accounts, with the lowest required opening deposit from $250.

However, when it comes to regulatory information, AXOFA disappoints us as it is not authorized or regulated by any regulatory authority. Here we can clearly see that WikiFX gives it a pretty low score of 1.15/10. Please be aware of the risk.

Account Types

Traders who come to the The Uptrend Center platform can find five types of trading accounts available: Basic, Silver, Gold, Platinum, VIP. To open a basic account, if acceptable, $250 is required. However, Silver accounts began to ask for crazily high minimum deposit, starting at $50,000. The VIP account, its most expensive trading accounts, asking for $250,000. I bet they are joking, right？

Spreads & Commissions

Trading accounts set the commissions and spreads. According to The Uptrend Centers fees structure, basic accounts offers spreads from 3.0 pips, twice the amount of the industry standards.

The most expensive VIP account offers spreads from 0.6 pips.

Leverage

The Uptrend Center offers flexible leverage options, ranging from 1:30 (Basic & Silver) to 1:400 (Gold, Platinum, VIP).

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size (no more than a 1:10).

Trading Platform

The MT5 trading platform, widely regarded as the best in the business, is available through AXOFA, which can be accessed on Windows, MacOS, IOS, Android.

Payment Methods

Customers can only use deposits and withdrawal options through crypto-wallets, Bitcoin, Litecoin, Tether and Ripple. This is another worrying sign, as genuine brokers would never do this.

Customer Support

Contact this broker using the following methods if you have any questions or problems with your trading:

Online Chat

Telephone:

Canada +18882124238

Portugal +351304502403

Email: support@uptrendcenter.com

Working hour:

Monday to Friday 04:00-01:00 GMT

Phone: Monday to Friday 04:00 -01:00 GMT

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.