uptrade.mobi is a website providing online contract for difference (CFD) trading services, established in October 2024 under the brand name "UpTrade." The platform offers investors a wide range of CFD trading options, including various asset classes such as foreign exchange, precious metals, crude oil, indices, and cryptocurrencies. However, the platform explicitly states that it does not provide services in regions where it would violate local laws and regulations.
Platform Service Overview
Trading Accounts
UpTrade offers three different types of trading accounts:
Standard Account
- Trading leverage: Up to 1:500
- Spreads: From 1.5 pips
- Trading commission: $0
- Swap account: Available
Premium Account
- Trading leverage: Up to 1:500
- Spreads: From 1.8 pips
- Trading commission: $0
- Swap account: Not available
ECN Account
- Trading leverage: Up to 1:200
- Spreads: From 0.0 pips
- Trading commission: $7 per lot
- Swap account: Available
Trading Platform
UpTrade provides a self-developed trading platform for users, available in both desktop and mobile versions, supporting copy trading. Besides order trading and account management functions, the platform offers comprehensive analysis options, allowing users to track the latest market trends with a fluid platform and trade anytime.
Deposit and Withdrawal Methods
The UpTrade platform offers users various deposit and withdrawal methods, including bank transfer, UPI, Visa, MasterCard, Google Pay, and cryptocurrencies. However, except for cryptocurrencies, all other payment methods only support Indian Rupees. Notably, a 3% fee is charged for deposits via Visa and MasterCard, while other methods incur no additional fees.
Contact and Social Media
Although the UpTrade website displays icons for social media platforms like Facebook, Instagram, and Twitter, the platform does not have official accounts on these media. Users can only contact UpTrade via the email provided on the official website.
Company Background and Regulatory Verification
Company Background
Based on information from uptrade.mobi, UpTrade claims to have been established in 2019, holding multiple regulatory licenses, and is renowned as a globally recognized brokerage company with a good reputation in the forex market. However, no registration details of any company entity or regulatory information are disclosed on its official website.
Regulatory Verification
Upon verification, no registration or regulatory information related to UpTrade was found on the websites of mainstream regulatory bodies such as the Financial Conduct Authority (FCA), the U.S. Securities and Exchange Commission (SEC), or the European Securities and Markets Authority (ESMA).
Conclusion
uptrade.mobi is a newly launched CFD trading platform as of 2024, but it lacks a genuine company entity and does not possess authorization or regulation from any financial regulatory bodies.
Risk Warning
CFD trading carries high risks, as market volatility may lead to loss of principal, and leveraged trading magnifies the fluctuations of risks and returns. Before participating in trading, it is advisable for investors to fully understand the volatility characteristics of the market and the mechanism of CFDs, assess their personal risk tolerance, ensure sufficient trading experience, and avoid hasty decisions.
