Upfront Fx Trade is a forex broker whose official website domain was registered on March 26, 2023. It primarily provides investors with trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF contracts for difference (CFDs). The broker does not offer services to jurisdictions where doing so would be in violation of local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the Upfront Fx Trade official website reveals that the broker has multiple corporate entities under its umbrella, regulated by several authorities. Among these, Upfront Fx Trade Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 177805. Sterling Asset, registered under HRB169257B, serves as the designated agent for Upfront Fx Trade Ltd with the German Federal Financial Supervisory Authority (BaFin). Additionally, the broker was authorized by the Mauritius Financial Services Commission (FSC) as an investment dealer on October 2, 2017, under license number C175894381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD055.
However, a verification of official information reveals that the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) do not have regulatory information on this broker.
Opening an Account:
To open an account with Upfront Fx Trade: Visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the page to enter the account registration page. Fill in personal details such as name and email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Trading Plans:
Upfront Fx Trade offers four trading plans to users: STARTER, BASIC, PRO, EXECUTIVE.
STARTER:
- Minimum investment: $500
- Maximum investment: $1,000
- Return on investment: 6.50%
- Overnight interest every three days
- Trading period: 21 days
- Daily bonus x2
- Instant trading method: Copy trading/trading robots
- Provides demo trading
- Provides senior brokers
BASIC:
- Minimum investment: $1,500
- Maximum investment: $4,000
- Return on investment: 10.50%
- Overnight interest every three days
- Trading period: 21 days
- Bonus sent via e-wallet
- Instant trading method: Copy trading/trading robots
- Provides demo trading
- Provides basic brokers
PRO:
- Minimum investment: $5,000
- Maximum investment: $9,000
- Return on investment: 15.50%
- Weekly overnight interest
- Trading period: 1 month
- Exclusive daily bonuses
- Instant trading method: Copy trading/trading robots
- Provides demo trading
- Provides professional brokers
EXECUTIVE:
- Minimum investment: $10,000
- Maximum investment: $50,000
- Return on investment: 20.30%
- Weekly overnight interest
- Trading period: 1 month
- Advanced daily bonuses
- Instant trading method: Copy trading/API keys
- Provides demo trading
- Provides executive brokers (experts)
Trading Platform:
Upfront Fx Trade provides users with a proprietary trading platform.
Deposits and Withdrawals:
Upfront Fx Trade supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Conclusion:
Traderknows reminds investors that Upfront Fx Trade is a scam platform providing false regulatory information and enticing investors with so-called high returns. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as a "Pig Butchering Scam" on Traderknows.
