Uptrend Center Review – Why This Review Matters
Uptrend Center Broker is one of those shady anonymous offshore companies. They are trying to copycat legit brokers, but they fail at least in one thing. But if you take a look at their website, nothing should attract you to deposit money with them.
Therefore, we will break out for you what things to watch for in this unbiased Uptrend Center review. Also, don’t become the next victim of the companies that you can find in our Dav Invest and Networkfsi reviews.
|St. Vincent and Grenadines
|OSC, ASC, CSA, CONSOB, AFM
|From 3 pips
|Average of 4.0 on Trustpilot
Regulation and Security of Uptrend Center
Primarily, regulation always comes first. Deeply hidden in T&Cs you can find this broker operating from St. Vincent and Grenadines. As we know, FSA (Financial Services Authority) doesn’t issue FX and CFD trading licenses. Instead, brokers should opt for licenses elsewhere. But mostly in countries where they offer its services.
With this in mind, we are checking some of the most trusted regulators. For example, CSA, BSCS, BaFin, and CONSOB. Generally speaking, the results didn’t surprise us. This broker not only that it’s not licensed anywhere, but also has numerous warnings against them.
Starting with Italian CONSOB, all across Canada like OSC, this broker is not favorable among regulators. Here are only a few of those that we found.
Trading Platform Overview
After all, Uptrend Center reviews are not bad without a reason. This company doesn’t offer any trusted third-party software. Like cTrader or Meta Trader. Instead, Uptrend Center scam broker transparently offers poorly designed web traders. Customers can use only basic trading features and analysis tools. But not before depositing money, because they don’t have a demo account.
Such a platform is easily manipulated by the broker and we strongly recommend you avoid it. Moreover, there is no trusted mobile app available. So, iOS and Android users will have to bother through a web browser. Which is mostly painful, especially if you are tight with time.
On top of all, if you are looking for expert advisors or social trading, you can forget it. Instead, you can find yourself a Tier 1 licensed broker and avoid any issues.
Funding Methods at Uptrend Center
Funding methods with Uptrend Center broker scams are transparent. They will accept the following methods:
- Debit/credit cards
- Wire/bank transfers
- Virtual currency transfer (Crypto)
At best, their deposit and withdrawal policy is shady. By accepting their T&Cs you decline your right to file a chargeback request. Also, the company has right to compensate any debts through your account balance. This means that you can end up with nothing in case they think you owe them.
As for withdrawals, they are processed between 7-10 business days. For a company that has crypto transfers available that’s shamelessly long. Apparently, they don’t have withdrawal fees. Thus, some Uptrend Center broker reviews discover the complete opposite situation.
Account Types Available
With Uptrend Center scam broker there are 5 account types available. Those are:
- Basic $250
- Silver $10.000
- Gold $50.000
- Platinum $100.000
- VIP $250.000
For traders depositing over $100.000, they provide priority withdrawal procedures. That clearly indicates that the broker classifies traders by the amount deposited. The lowest spreads you can get only after depositing $250.000. Thus, even then it states from 0.6 pips. Tehrefore, it remains unknown. But after reading Uptrend Center reviews you will realize that doesn’t matter.
After all, the company doesn’t offer a demo account. Unlike some licensed brokers from the list below. Not to mention micro accounts that are a highly favorable option with any broker. Especially for insecure traders.
Implementation of the Scam
Once you sign up through their online adverts you can expect numerous calls. Unless you change your number or deposit the funds, it won’t stop. After your first deposit, you can expect anything. From losing money or making money. Depending on what the broker thinks that is your weak point.
But once they realize that you are in a machine that is just extracting money from you. Even if you try to withdraw a small amount of money they might allow it. But after you request a full withdrawal, you can expect issues. Firstly because they have malicious policies that don’t let you withdraw the profits. But also they come up with non-existent fees that you have to pay.
To recover lost funds from this or any other scam broker, our recovery team is at your disposal. With cutting-edge technology like CipherTrace, you can trace even crypto transfers. Avoid stressing over stolen funds and start your procedure today. Book a meeting now to get advice on your next steps.
Uptrend Center Summary
- Completely anonymous broker.
- Uptrend Center is not licensed by any institution.
- Multiple warnings from regulators against the broker.
- Non-competitive trading conditions.
- Shady withdrawal policy.
- Unreliable trading software.
FAQs About Uptrend Center Broker
Is Uptrend Center Regulated?
No. On the contrary, regulators are warning traders about this scam broker.
Is Uptrend Center a Trustworthy Broker?
No. They don’t provide any security or transparency to make themselves trustworthy.
What Funding Methods Does Uptrend Center Accept?
Funding methods accepted are debit and credit cards, wire transfers and crypto transfers.