Score
UproFx
Estonia|5-10 years| https://uprofx.com/#
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Estonia
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed UproFx also viewed..
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Website
uprofx.com
Server Location
United States
Website Domain Name
uprofx.com
Website
WHOIS.NAMECHEAP.COM
Company
NAMECHEAP, INC.
Domain Effective Date
2018-03-13
Server IP
23.20.239.12
Company Summary
Note: UproFx's official website: https://uprofx.com/# is currently inaccessible normally.
| UproFx Review Summary | |
| Founded | 2018 |
| Registered Country/Region | Estonia |
| Regulation | Unregulated |
| Market Instruments | Currency pairs, CFDs on cryptocurrencies, commodities, precious metals, indices, and stocks |
| Demo Account | ✅ |
| Leverage | 1:500 |
| EUR/USD Spread | 3 pips |
| Trading Platform | Web |
| Min Deposit | €250 |
| Customer Support | Tel: +853 +442080897635 |
| Email: support@uprofx.info | |
| Twitter: https://twitter.com/UproFX | |
| Facebook: https://www.facebook.com/uprosocial | |
Founded in 2018, UproFx is an unregulated forex and CFD broker registered in Estonia. It offers trading in currency pairs, CFDs on cryptocurrencies, commodities, precious metals, indices, and stocks with a minimum deposit requirement of €250 and leverage up to 1:100 (can be 1:500) via a web-based trading platform.
However, UproFX is not currently regulated in any way.
Pros and Cons
| Pros | Cons |
| Various trading choices | Inaccessible website |
| Multiple trading accounts | No regulation |
| Demo accounts available | High spreads |
| No deposit fee | No MT4/5 |
| Limited payment options |
Is UproFX Legit?
UproFX is a brokerage operating in Estonia, functioning as a subsidiary of Yield Enterprise Currency Software. However, the absence of a license suggests that the broker's activities are not subject to regulatory oversight.
What Can I Trade on UproFX?
UproFX offers investors financial instruments in currency pairs and CFDs on cryptocurrencies, commodities, precious metals, indices, and stocks.
Forex pairs: nearly 50 forex pairs, with some exotic currencies like Danish Krone, Hungarian Forint, Norweigen Krone, Polish Zloty, Swedish Krone, Turkish Lira, Hong Kong Dollar, Mexican Peso, Russian Ruble, Singapore Dollar, South African Rand, Indian Rupee and Israeli Shekel.
CFDs:
- Commodities: energy and agricultural commodities like wheat, sugar, soybeans, orange juice, cotton, corn, copper, coffee, cocoa, oil and natural gas, precious metals like gold, silver, platinum and palladium.
- Cryptos: Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin, Ethereum, Ethereum Classic, Dashcoin, Ripple, IOTA, Verge, Siacoin, Cardano, NEO, Tether, Stellar and Monero.
- Indices and stocks: 20 types.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit | Max Leverage | Spread | Suitable for |
| Classic | €250 | 1:100 | Floating | For those who left their demo account behind and want to experience real trading |
| Silver | / | For traders who are familiar with CFD and forex trading and are looking for better deals | ||
| Gold | / | Designed for experienced traders, our best-selling Gold account can be used for non-aggressive trading | ||
| Premium | / | Fixed | The Premium account developed for progressive traders who seek personalized attention |
Leverage
Leverage offered by UproFX is 1:100, and if you prefer, the leverage can be increased, with a maximum of 1:500, which is unreliable. Even the basic leverage of 1:100 is significantly higher than the leverage required by ESMA regulations, which cap it at 1:30. Such high leverage ratios pose significant risks, amplifying both profits and losses.
Spread
The official UproFX website does not show information about spreads, but after testing demo accounts, it is clear that the fixed spread for EUR/USD is 3 pips, which is far from the industry standard.
Trading Platform
UproFX offers traders a fairly simple online trading platform. This trading platform lacks some of the basic features such as charting tools and market indicators, as well as automated trading moments for options top price runs, which are features that make MT4 trading platforms well known.
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
UproFX supports regular credit/debit card and bank wire transfers for deposits and withdrawals. Withdrawals take several days to complete, and even the amount you can transfer to/from your account is very limited.
- The minimum deposit amount for credit/debit cards is 250 euros;
- The minimum deposit amount for wire transfer is set at 500 euros.
No fees for deposits.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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