Upper Trend Review – Sketchy Broker

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Upper Trend(upper-trend.com) calls itself a trading portal. Unlike a lot of leading platforms, they apparently offer all the asset classes ranging from forex to cryptocurrencies including commodities. Account types offered by them come with steep increments and the capital involved at the top-tier is ridiculously expensive.

The most concerning thing is that they don’t have any certificates or licenses. From their phone number, we can make out that they are operating from Australia. However, they are not listed in any of the databases of regulatory authorities which means they are operating illegally.

Continue reading to know about other traits of this platform and more importantly why you need to stay away from them.

Upper Trend Overview

 

Upper Trend in simple words claims to be a broker. Unlike many regulated platforms, they apparently provide all the asset classes under one roof. In theory, the spreads they offer along with a wide array of instruments are enticing.

However, if you notice the small details, the conflict of interest becomes clear. For starters, there are no clear terms. The support team also operates vaguely and management is literally untraceable at the moment.

Plus, other aspects also display ambiguity and there is not even a single thing about them that reassures confidence in any way or form.

 

Account Types and Conditions

 

They offer 7 account types wherein the capital required ranges from $5000 to over 5 million USD. Clearly, the capital required is steep and there are way better regulated alternatives out there. Few perks are there with high tier accounts like trading signals and education materials.

Nonetheless, owing to the lack of data and unverifiable winning rate, we cannot view them as value addition. If their materials and trading signals were really good, then they certainly would have earned themselves a lot of mentions online.

Lack of proof along with unverifiable trail means, they are likely bluffing about everything.

 

Is the Upper Trend Scam or Trustworthy?

 

Upper Trend is a clever scam. They don’t make outrageous claims about returns, instead they pose like a trading exchange. Every uncertainty in their terms and conditions mean that they have an edge.

Just in case you are wondering know that they can block clients at their will. Getting money back from them won’t be anything less than a herculean task. Due to the obvious risks involved, it’s not worth your time to even engage with them.

Say “no” to firms like this and never stray away from regulated options for your own good.

 

Conclusion

 

If you have ended up losing money to Upper Trend, don’t give up hope. Raise compliant with your local authorities and reach out to us to know about other options available. Speedy action is the way to tackle fraudulent exchanges like this one.