Review UPTOS

Headquarters in St. Vincent & the Grenadines

Quick Look

Uptos is a new online broker offering access to 10,000 financial markets across several asset classes that include currencies, global indices, individual stocks, commodities, and digital currencies. All the offerings are of derivative products and trading is done via the professional MetaTrader 5 trading platform. Clients should be pleased with the broker’s ECN model, which keeps costs low. There are six different account tiers, with leverage of up to 1:400 available.

Trading is commission-free and prospective clients can try the platform with a free demo account. There are also Islamic accounts available that do away with swap fees, clients can request this account type from their account manager.

Regarding the trading platform, it is available in all its forms, making trading even more convenient. And trading is offered in over 80 countries across the globe, although it is not possible to open an account with Uptos if you are a citizen of the United States of America, the Islamic Republic of Iran, or North Korea.

UPTOS Quick Look

Uptos Pros and Cons

Pros

  • Advanced MetaTrader 5 trading platforms
  • Six different account types
  • Thousands of financial trading instruments

Cons

  • Unregulated broker
  • No USA clients
  • Lacking educational resources

Broker Regulation

Uptos is the brand owned and operated by Uptos Limited and registered as a financial investment company in St. Vincent and the Grenadines. The business operates under the number 25826BC2020 but is not regulated so does not offer the typical protections expected from a regulated financial services provider.

Uptos does allow traders from all across the globe open accounts and will accept clients from over 80 countries. The broker does states specifically in the footer of its website that it does not offer services to users from certain jurisdictions, such as the United States of America, the Islamic Republic of Iran, and North Korea.

In addition, some of the features and products offered by Uptos are limited to certain geographical regions and may not be available to all traders due to legal restriction in their country of residence.

Account types

Uptos has a diversity of trading account types that clients can avail themselves of. That gives everyone the opportunity to use the type of trading account that fits their own personal needs. And once a prospective client registers at the Uptos website they can immediately access the demo account which allows for testing the trading conditions and platform itself.

Uptos promises commission-free trading with low floating spreads, no slippage on orders, and reliable order execution.

Below are the highlights of the Uptos trading account types:

  • STUDENT ACCOUNT
    Min. Deposit $250
    0.01 Min Lot Size

  • STARTER ACCOUNT
    Min. Deposit $2,500
    0.01 Min Lot Size
    Islamic Account

  • PREMIUM ACCOUNT
    Min. Deposit $10,000
    0.01 Min Lot Size
    Daily Analysis
    Islamic Account
    Account Manager

  • ADVANCED ACCOUNT
    Min. Deposit $25,000
    0.01 Min Lot Size
    Account Manager
    Daily Analysis

  • PRO ACCOUNT
    Min. Deposit $50,000
    0.01 Min Lot Size
    Islamic Account
    Account Manager
    Daily Analysis
    Fixed Pricing

  • VIP ACCOUNT
    Min. Deposit $100,000
    Consultations with a private Account Manager

Trading Platforms

UPTOS Trading Platforms

Uptos offers its clients one of the leading trading platforms – MetaTrader 5. This is the latest version of the award-winning trading software from Metaquotes that leads the industry in its powerful analytical capabilities. If you have traded before there’s a very good chance you’ve also come across MT5. And as an added help all three client’s types (desktop, web, mobile) are offered, allowing traders to work from any device.

MT5 is well known for its advanced charting and analysis capabilities, with a broad array of indicators built-in to the platform for ease of technical analysis. Plus, traders can take advantage of the powerful scripting language MQL5 that allows them to create and run automated trading robots. There is even a huge library of robots and expert advisors created by talented third-party developers which can be accessed and used by any trader.

All the variations of MT5 will synch with each other, so even if a trade is placed in the desktop client it can later be modified or closed from the mobile application or from the web-based application. MetaTrader 5 makes it so easy to trade the markets anywhere and at any time.

MetaTrader5 Key Features:

  • 4 types of trading order execution
  • Most advanced trading and analysis platform
  • No slippage and no requotes
  • Available on Windows, Android, and iOS

Available Assets

Uptos offers a wide variety of asset types, which include all those you’ve come to expect from your broker such as derivatives on stocks and indices, commodities and currencies, and the new digital currencies as well. Here are more details on what is offered:

UPTOS Available Assets

Spot Energies

The spot energy market is one of the most exciting, bringing plenty of volatility and opportunity. At Uptos you can trade on WTI crude, Brent crude, and natural gas.

Spot Commodities

The spot commodities on offer at Uptos include both gold and silver, allowing you to tap into some of the largest commodity markets in the world with competitive spreads.

Digital Currencies

The newest asset class of digital currencies is also available at Uptos where you can trade on Bitcoin, Ethereum, Ripple and more.

Forex Currency

Over 100 different currency pairs mean you’ll always have a good, trending market to trade on if currencies are your thing.

Spot Indices

Uptos has over 30 of the top global indices available to trade with ECN execution and minimal margin requirements.

Spot Shares

In addition to the broad indices, Uptos also allows access to the wide world of individual shares, offering up derivatives on over 1,000 of the world’s most well-known companies.

Education and Research

There is only a limited amount of research available at the Uptos website. There is an FAQ section of the website that will address the most common questions traders and prospective clients might have, as well as the diligent customer service team who can be contacted at any time of the day or night.

There is also no research publicly available, but for traders with a Premium tier account and above there is daily analysis provided.

Customer Service

If you have any questions or issues with your account at Uptos you can contact their support team 24/5. They have an online chat functionality to make it quick and easy to get answers you need, or you can email them for less pressing needs. There is also the ability to contact them by telephone if you prefer a more personal contact.

Phone: +18559253933

Webform: Contact Us Form

Email: support@uptos.com

In Conclusion

As you can see there are an impressive number of assets, account types and features available for clients of Uptos. In addition, the broker has always been very forward in promoting their motivation to providing their clients with the best possible service.

We found Uptos to be quite impressive and would be even more impressed if they were to achieve some type of licensing and regulation in the coming months. It would also be good to see some form of education and regular analysis added to the offerings on the website.

With 1:400 leverage, the MetaTrader5 platform, and thousands of derivative assets available Uptos should have sufficient features and assets for most any trader.

Contact us directly

Contact us directly for further inquiries about our products and services.



 
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