Presenting another broker aiming to offer advantageous and secure access to Forex market trading: The Uptrend Center. It is a CFD broker operating without a license, lacking essential documentation, and without a long-standing history in the market. While their official website and other platforms showcase positive reviews about them, one has to wonder about their authenticity. Should we place our trust and money in a firm that suspiciously mirrors other entities? Is it a trustworthy venture or a potential scam? We will delve deeper into these concerns.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom, St. Vincent and the Grenadines |
| ⚠️ Regulation | – |
| 🖥️ Website | https://uptrendcenter.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2022 |
| 💲 Minimum Deposit | $250 |
| ⚖️ Minimum and Maximum Leverage | 1:30-1:500 |
| ⚙️ Trading Platform | WebTrader |
| support@uptrendcenter.com | |
| 📞 Phone | +447897048305 |
First Impression of Uptrendcenter.com
The Uptrend Center’s official website design and layout bear a remarkable resemblance to many other firms out there. Features like the consistent positioning of sections on the right-hand side of the screen, the glaring absence of detailed information on pivotal operational aspects, and the usage of overused phrases urging the user to promptly open an account and deposit funds stand out. We’ve seen all of this more than once from companies that were then labeled scams.
The Uptrend Center incorporates striking visuals of ancient structures, video clips, and towering skyscrapers. One can also spot traders intently looking at charts on their monitors, and well-dressed individuals engaging in discussions. Descriptions of the different account offerings are set against lavish images of luxury watches, tailored suits, cash, upscale car interiors, and private jets. The broker seems to be making a deliberate attempt to project an image of gravitas and to imply that their clients will see financial market success, granting them the ability to indulge in life’s luxuries. However, the effort comes off as somewhat comical and tacky, particularly with its cookie-cutter and amateurish design.
Partnership and Bonuses
Traders are given the chance to profit from a referral program. The Uptrend Center promises a consistent 10% commission based on the referred individual’s deposit. To be eligible for the affiliate program, there’s a minimum deposit requirement of $1,000. Furthermore, the maximum potential earnings from one affiliate can reach up to $25,000. Additionally, the referred individual is granted a 5% bonus upon using the referral link.
The Uptrend Center offers bonuses to users when they deposit funds. While the specific bonus amount isn’t mentioned, it’s crucial to note that such bonuses have strings attached. These strings involve specific requirements that traders must satisfy before they can cash out the bonus money. The received bonus needs to be traded 20,000 times. Achieving it is no easy feat, and even seasoned traders might struggle to meet such conditions.
Account Opening on Uptrendcenter.com
The process of opening an account with The Uptrend Center is clear and simple. It is enough to specify your first and last name, country of residence, phone number, e-mail, create a password, and finally agree to the terms and conditions.
Email and phone number confirmation is not required. We view this as a substantial security issue when it comes to protecting personal information. The user dashboard at The Uptrend Center is straightforward and quite rudimentary. Users can update their personal information, view stats related to referrals and trades, request deposits or withdrawals, and upload necessary verification documents. Additionally, users can toggle between light and dark interface themes, input their BTC address, and set up notification preferences. Notably, we couldn’t locate any demo account features.
Verification
Services at The Uptrend Center can’t be accessed without undergoing verification. The company mandates the confirmation of one’s identity and residence through multiple document uploads via the user dashboard. Also, the firm might ask for audio or video verification. Detailed KYC information is embedded within the user agreement, making it cumbersome for users to dig through vast amounts of text to find relevant details. Although there is a separate AML policy file that is more compact, it’s still not very convenient.
- None.
- May require audio or video verification.
Trading Software
A scanty set of tools and simplicity – that’s what describes the trading platform of The Uptrend Center. The provided software doesn’t measure for successful and profitable trading. For starters, it lacks various features, including automated backtesting on historical data, auto-trading, copy-trading, and professional analysis tools like horizontal volumes, funding rates, open interest, and market depth. Secondly, the platform is only offered in a web-based version. There’s no dedicated desktop software, and mobile apps for Android or iOS are missing. Veteran traders recognize WebTrader doesn’t suffice for intensive trading – a desktop platform is essential.
For newcomers, The Uptrend Center’s platform might seem appealing due to its simplicity and user-friendly design. However, this appeal was short-lived. As they garner experience and begin developing strategies, new traders will quickly discern the platform’s limited capabilities, with no alternative solutions offered by the broker. While the terminal provides essential tools for technical analysis, indicators, and various timeframes and chart types, it simply isn’t enough.
Why not introduce a more popular alternative like MetaTrader, which stands out as one of the market’s most popular trading platforms? Lesser-known platforms, like the one from The Uptrend Center, might only serve the purpose of opening and closing orders, but this isn’t suitable for everyone. The company isn’t prioritizing the comfort and convenience of its clients.
| Features | The Uptrend Center | Fusion Markets | LiquidChart |
|---|---|---|---|
| Demo Account | ❌ | ✔️ | ❌ |
| Mobile App | ❌ | ✔️ | ✔️ |
| Own Development | ❌ | ❌ | ✔️ |
How Can I Trade With The Uptrend Center?
The firm specializes in CFD trading, offers leverage, and presents several account tiers to choose from. The Uptrend Center follows the policy of “Deposit more, gain more benefits”. This approach is typical of companies that seem more focused on extracting money from individuals.
All Info About Accounts
Traders have the option to choose from five available plans. The most basic tier, labeled “Basic”, requires a minimum deposit of $250. With this, The Uptrend Center provides access to one-on-one training, an introduction to their trading platform and crypto wallet, a leverage of up to 1:30, and spreads starting from 3.0 pips. It’s puzzling why leverage is capped at 1:30 for such plans, when on small deposits higher leverage is more necessary than on substantial capitals. One might assume it’s due to regulatory requirements, but that’s not the case since more expensive account types offer leverage up to 1:400.
The next tier of accounts at The Uptrend Center has unreasonably high deposit requirements, along with additional services. For instance, after the “Basic” level, the “Silver” tier necessitates a deposit of $10,000. It only includes assistance from a dedicated account manager and spreads from 2.4. Why such a steep deposit demand? And why is there such a significant disparity between the $250 and $10,000 deposit levels? These terms are difficult for us to grasp; it seems like the company might just be looking to extract more funds from traders.
Additional features and services become available with a hefty deposit of $50,000. These perks include live trading room webinars, training on advanced trading tools, exclusive event invites, priority withdrawals, and trading signals. For the ultra-wealthy, there’s a Premium service tier. To qualify for this, there’s a steep entry point of $250,000. Those who opt for status benefit from zero spreads, leverage up to 1:500, personalized one-on-one training, a dedicated VIP account manager, and access to the best trading tools. One has to wonder if there are indeed rational individuals willing to invest such substantial sums in a noname and unproven company as The Uptrend Center?
- None.
- High minimum deposit.
- Additional service is available only when depositing $50,000.
- Dumb, inadequate terms and conditions.
Market Analysis and Education With Uptrendcenter.com
The Uptrend Center’s educational resources include e-books, a glossary, an asset index, and FAQs. Although they don’t offer free analytics or analytical tools, there is a news feed that keeps users updated on the latest in finance and economics.
Users can also learn about blockchain technology and cryptocurrency through free materials provided on the site of The Uptrend Center. These concise modules teach about using crypto wallets and navigating cryptocurrency exchanges.
For those with a “Silver” tariff, The Uptrend Center offers the option to order a debit card that facilitates cryptocurrency spending. However, details about the card issuers and its specific terms remain undisclosed. Interestingly, while there’s a section titled “Investment Portfolio” on the site, clicking on it merely leads back to the trading platform.
Deposit, Withdrawal, and Fees
At The Uptrend Center, users can deposit and withdraw money using credit/debit cards, digital currencies, and wire transfers. Surprisingly, the platform doesn’t specify any potential fees for these transactions. It seems as though the company intentionally does not specify details regarding this aspect, as if it’s a normal occurrence.
| Features | The Uptrend Center | All Capital Trade | Fusion Markets |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ❌ | ✔️ |
| Crypto Transfers | ✔️ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ✔️ | ✔️ |
How Can I Contact It?
The Uptrend Center’s website provides almost comprehensive contact details, including two email addresses, a phone number, and a contact form. Although verification of the phone number didn’t raise any issues, the email address support@uptrendcenter.com was found to be fake. Furthermore, there’s no mention of a physical address, and the site lacks an instant chat feature and any links to social media profiles.
- None.
- Email doesn’t exist.
- Social networks have not been created.
- No online chat.
- No office address has been given.
Is The Uptrend Center Dangerous?
Having analyzed the trading terms, services, contact details, and the trading platform, it’s clear The Uptrend Center represents a significant threat to traders. With its robbery terms, rudimentary platform, and fake contact details, one wonders what other surprises that company might have in store. Let’s delve into its operational tenure and licensing.
How Long Does The Broker Work?
We were genuinely optimistic The Uptrend Center would disclose when they were founded or at least show the registration papers with the date of establishment. However, our hopeful dreams did not come to fruition. We had to search elsewhere to determine when the company started its dubious operations. The domain registration, dating to February 2022, provided a clue. That’s when the company emerged.
How Is The Uptrend Center Regulated?
The phone number listed on the website is from the UK, leading us to believe that the company is registered there. In the UK, the Financial Conduct Authority (FCA) regulates brokerage firms. So, we checked the FCA’s registries to see if The Uptrend Center was listed. Our search returned 101 entries with words from the broker’s name, our subject was not among them.
The user agreement also specifies the jurisdiction of St. Vincent and the Grenadines. Let’s try our luck with SVGFSA, maybe there is a The Uptrend Center’s license there? And unsurprisingly, we got “no matching records fund”.
| Features | The Uptrend Center | Genesis Exchange | Vantage |
|---|---|---|---|
| European Zone | ❌ | ❌ | ✔️ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ✔️ |
Frequently Asked Questions (FAQ)
Kevin Berry If you believe this is a trustworthy and verified broker, I’ve got some bad news for you. The Uptrend Center is in the same league as scammers, swindlers, thieves, and criminals. Just take a peek at the Orca Investment Group’s website, and you’ll see what I mean. They’re an anonymous organization trying to project an image of trustworthiness and value. Their singular goal is to entice clients with the promise of profits, only to deplete their deposits. Their whereabouts remain a mystery, they lack proper licensing, and their actual identity is shrouded in uncertainty.
The Uptrend Center rating
5 reviews about The Uptrend Center
I strongly advise against using the uptrend center, even for minor deposits or just to test it out. Why waste time on a broker that’s essentially a scam, especially when they’re guaranteed not to process withdrawals?
I have no trust in the broker The Uptrend Center. It looks quite sketchy and suspicious. While they tout claims of reliability and security, they don’t reveal any names or even offer links to their social media accounts. How can an online business not have a social media footprint in 2023?
Furthermore, their official site is devoid of essential information. There’s no mention of their licensing, any insurance they might have, or relevant documents. I couldn’t find contract specifications to gauge current spreads. Overall, the number of red flags, the concealed details, and their pronounced anonymity make this brokerage feel highly unreliable. I personally wouldn’t place my trust in them.
It’s your money, and you have the right to decide how to use it. Still, to me, The Uptrend Center genuinely appears to be a fraud scheme you should never invest in.
I fell victim to The Uptrend Center. They refuse to process my withdrawal, remain unresponsive, and seem to be ignoring my concerns. I’ve lost $3,000 there and I can’t retrieve the funds back to my crypto wallet. Thus, I want to warn everyone about the danger emanating from this firm.
It was my folly to trust The Uptrend Center without fully understanding their intentions. Now, I’m stuck dealing with scammers and swindlers who don’t want to return my money. I requested a withdrawal due to my dissatisfaction with their trading terms. Yet, they’ve stalled the process, and my request seems stagnant.
I feel they’re mocking me, taking advantage of my oversight. I admit, I made a significant mistake by choosing this fake company as a trading intermediary, but I didn’t think they could con me out of my money so easily and swiftly. I genuinely believed they offered decent conditions, but in reality, they don’t.
The Uptrend Center evading any form of communication. Frankly, I’m clueless about how to approach them. In short, you should be aware of what this den of fraudsters and scambrokers truly represents.
The Uptrend Center essentially offers nothing worthwhile. It’s a scambroker that will leave you empty-handed. These scammers will persuade you into depositing and investing, promising a slew of additional services and features in return. Don’t be mistaken; it’s not out of kindness but sheer greed. Their sole objective is to take your money. Beyond that, their intentions are simply to steal funds. Scammers even create numerous similar fake websites in bulk so that their fraud and dark business thrives better. Online, you’ll come across countless sites reminiscent of The Uptrend Center. All of these are pathetic parodies of genuine brokers, they’re empty shells and fake businesses. Keep a safe distance from such scammers to ensure your money remains secure.
After investing with Uptrend Center for 5 months, i have attempted to complete a withdrawal on the 28th Sept and the company has cut off all communications with me and has yet to process the withdrawal within the company’s specified time frame, it has been a month waiting and constantly emailing them daily to which they don’t respond. I do not recommend investing with this company, save your money.