Read our Upper Trade review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an uppertrade.pro review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Upper Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Upper Trade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Upper Trade Review Conclusions
Making the Upper Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Upper Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Hi, unfortunately, I realise only today that I was scammed..14000€. It is exactly how you said before…but I didn’t had the information…my fault!
SO…DON’T MAKE ,,TRADING ” WITH THEM..AVOID!!! I want to withdraw the ,,traded” amount which it’s 48000€ yesterday! I’d recive the mail from Blockchain that the amount was released by them. Then Uppertrade sended me a payslip,after that someonefrom them called ..told me that the payment will be send SEPA,in two days shall be in my account..but I didn’t recive nothing…and they don’t answer on mail ,WhatsApp or phone anymore..!!!
So people, don’t do my mistake…!
THIS ARE THIEVES…!!!!
BITCOIN UP ESTE O MARE ȚEAPĂ. AM UN PROFIT DE 30.000€pe care nu l-am primit si pentru un profit de 15373€ am trimis un comision de 2360€ in 11 aug si nu am primit nici acum banii promisi si nimeni nu mai raspunde pe nici o rețea de socializare. M-am înscris la ei in 23 iul.2021 cu un depozit de 213€ si un altul de 211€ si in 2saptamani am avut profit de 30.000€ pe care nici acum nu l-am primit. Cum se explica sa trimiți un comision de 15% la o sumă pe care nu ai primit, o?
În caz contrar explicația a fost ca ti se blochează conturile si pentru deblocare plătești dublu.
Ma numesc RODICA FLORESCU, sunt din ROMÂNIA, TIMISOARA cu mailul
[email protected]
Uppertrader is now located on Uppertrader.world.
Absolutely everything, the above happened to my regret. Today, they blocked my account with the explanation that I did not pay the profit tax to the HMRC agency, which must go through them. When I asked for a refund of their invested funds acc $ 10,000, they immediately blocked the account and access to the site.
ATTENTION THEY ARE CLASSIC FRAUDSTERS – and I am one of the deceived!
If you don’t believe us, try to withdraw the money back – everything will be clear to you !!!
The current address is https://uppertrade.world/, they recently changed it – which was strange to me without notice and so on.
and I was deceived in a similar way, when I applied for a withdrawal. These are fraudsters as well as their agents. Be careful – if you don’t believe try to withdraw money from your account – the best way to check
Mă numesc Poteaca Andrei sunt o persoana cu handicap locomotor in urma avc-ului și care incerc prin diferite metode și procedee medicale să mă recuperez și să pot merge din nou.cu toate că costurile medicale sunt foarte mari .De aceea m-am gândit să investesc in tranzacții la bursă spre a face rost de bani pt a acoperi cheltuielile medicale.Neavand experiența necesară am apelat la aceasta platformă pe care am gast-o pe net.Am investi pt prima dată pensia mea de handicap plus pe ce de însoțitor pe o luna adică 250$ atât mi-au cerut ei sa investesc să îmi deschid contul ..promitand-mi că am să fac 1000$intr-o săptămână.Apoi au cerut din ce in ce mai mult până am ajuns să mă împrumut la un prieten de suma de 3500$si pe care i-am învestit așa cum mi-au cerut ei și mi-au promis castiguri mai mari Menționez că la început am lucrat cu Doamna Elisson Reed după care ea a spus că pleacă în America și că îl lasă pe colegul ei Alex Acum că am ajuns la un profit de 20.000$ am cerut să îmi ramburseze o sumă în valute de 5000$ca să îmi pot achita datoriile însă a spus că trebuie să plătesc taxele și impozitele pt a-mi putea returna suma de bani și cum că acestea sunt in valoare de 2500 $ .am împrumutat iar bani pt doua zile i-am plătit lui Alex aceasta sumă și acum îmi spune că ceI de la serviciu financiar nu aprobă retragerea sumei de 5000$pana nu mai dau încă 1000$ îmi cere bani incontinuu dar de rambursat nu mi-a rambursat nimic Acum îmi dau seama căbam fost înșelat și că sunt niște escroci .Va rog frumos daca puteți să mă ajutați să îmi recuperez banii pe care i-am dat pe aceasta platformă șica să pot să îmi plătesc macar datoriile Va mulțumesc .sunt din România /București
Poteaca Andrei Menționez că platforma pe care am făcut investiția se numește Uppertrade
They contacted me trough phone call and wanted 200€ as a starting investment. They instaled some MT4 platform and convinced me that they will make profits. After one more investment they doubled the investment and made profits. I wanted to withdraw and they asked for “security deposit” which I made. They told that money will be sent back imidietly. It was not. After negotiation they “put” this “security deposit” on my Account. I wanted to withdraw again and they said that I have to pay for HMRS Tax, and form was fraudelant copy. I didnt pay. I spoke with 30 Agents and everyone is making some excuse. The last one sad that the first person who contacted me doesnt even exist. SCAMERS, THIEFS, FRAUDELANT Uppertrade. I still didnt recieve the amount, because they want more money for withdrawal.
Evitati sa faceti tranzactii cu aceasta platforma!Te ademenesc crescand mult profitul din cont (cred ca modifica ei balanta contului avand acces asupra lui) dupa care iti cer sa mai investesti pentru a castiga mai multi bani, le tranferi, virtual evident pentru a pierde urma banilor, dupa care cand vrei sa faci retragere o tot ocolesc, pana la urma iti aproba retragearea dupa care iarasi cer bani pentru diferite taxe inventate si alte “asigurari” si la gata sa nu mai raspunda la mesaje sau telefon.
NU VA LASATI FRAIERITI!
Poteaca aurelian, am lucrat si eu cu ellison, aceeasi chestie santamplat si cu mine escroci
Și ați reușit să vă recuperați bani?
I believe now that person called Alex Woodman and Maya Kirbi are fraudsters, dont invest in their lies…
Zná někdo Platformu Upper Trade