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Abstract:UPTX is a global asset trading and investment platform that offers comprehensive market access to thousands of assets in the futures market. These include Crypto, Stock, Forex, Commodity, Index and ETFs. The broker provides a proprietary trading platform named "UPTX-Trade in Stocks & Crypto". Also, it enables 2FA, open source code and SSL cryptography for security. However, the company does not provide full transparency on accounts and trading conditions. What makes matters worse, it operates without regulation from any authorities, impairing its credibility.
UPTX is a global asset trading and investment platform that offers comprehensive market access to thousands of assets in the futures market. These include Crypto, Stock, Forex, Commodity, Index and ETFs.
The broker provides a proprietary trading platform named “UPTX-Trade in Stocks & Crypto”. Also, it enables 2FA, open source code and SSL cryptography for security.
However, the company does not provide full transparency on accounts and trading conditions. What makes matters worse, it operates without regulation from any authorities, impairing its credibility.
Pros | Cons |
Wide selection of investment choices | No regulation |
Tight starting spreads | Limited information on trading conditions |
Fund segregation | Limited customer support channels |
Copy trading |
UPTX is not regulated by any financial authorities so far, which you should take into consideration before tapping into real trades with them, since lack of regulation usually means less financial security and customer protection.
When dealing with investment, it's always smart to scatter your assets instead of putting all your money in one product. To mange risks in the volatilve markets, brokers with diversified market instruments are always a better choice than those with singular product or less portofolio.
With UPTX, you can make a diversified selection from 6 asset classes, including forex, indices, commodities, stocks, ETFs and cryptocurrencies.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptocurrencies | ✔ |
Shares | ✔ |
ETFs | ✔ |
Bonds | ❌ |
Mutual Funds | ❌ |
UPTX offers a proprietary trading platform named “UPTX-Trade in Stocks & Crypto” with different application version on iOS and Android devices. With the mobile version, you can monitor your trades on-the-go anytime you want.
UPTX is extremely scarce of customer support channels. Your choices are only pop-out live chat on its website and social media platforms, with more comprehensive methods such as phone and email missing.
Though multiple language support is an advantage, the limitation of customer support can delay response on customer inquiry.
Contact Options | Details |
Phone | ❌ |
❌ | |
Support Ticket System | ❌ |
Online Chat | ✔ |
Social Media | Twitter, Discord, Reddit, Telegram |
Supported Language | 10 languages including English, Chinese, Japanese, Russian, Portuguese, Italian, etc. |
Website Language | English |
Physical Address | ❌ |
UPTX offers a wide selection of investment options for traders to diversify their investment portofolio in futures. AI copy trading is one of its predominant features for traders to follow the steps of top trading experts globally.
However, the unregulated status irritates those who care a lot about security. And the absence of transparency on trading conditions leaves traders in the dark about their trading costs. Therefore, when choosing a brokerage to trade with, always give preferences to those with regulation compliance and full transparency.
Is UPTX safe?
Not really, since UPTX is not regulated by any recognized authorities so far.
What trading platform does UPTX offer?
UPTX offers a proprietary trading platform called “UPTX-Trade in Stocks & Crypto”.
Is UPTX good for beginners?
No, UPTX might not be suitable for beginners. The unregulated status suggests less compliance to industry standards and the absence of transparency on trading conditions confuse traders especially beginners as well.
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.