Uptos Scam Review – BEWARE!
OFFICIAL SCAM SITE: UPTOS.COM
If you are looking for a good broker for Forex, stocks, and more, you may have considered the Uptos broker. It has gained quite some notoriety in the world of day trading over the past few weeks. Yes, the website looks good enough. There was clearly some work put into making uptos.com look like the real deal.
However, just because it looks legit does not mean that it is. In fact, when it comes to brokers like this, looks are very often quite deceiving. The fact of the matter is that while this broker seems to be very versatile, and while it makes some grandiose claims, we get the feeling that it is not being truthful. The reason for this is because we and several other day trading enthusiasts have received complaints about it.
Apparently, people are fuming mad with this broker, and it’s because people are having trouble making withdrawals. There is a lot more to it than that, all of which we are going to discuss in today’s review. This is our Uptos broker review, and we are here to shut this scam broker down once and for all.
Uptos Scam Factors
Alright, so there are a number of red flags which immediately came to our attention about this Uptos broker. They are all strong indications that something shady and illegal is in the works here, so let’s take a closer look.
Uptos LTD Company Info
The first thing which came to our attention about this Uptos broker is that it features a total lack of transparency and communication. First, we tried finding out who exactly is in charge of this broker, who owns it, and so on and so forth.
However, there is absolutely no information to be found about company leadership or ownership, nothing at all. This is really suspicious. Faceless and anonymous brokers like this are always indicative of something more sinister. If this were a legit broker, then the people behind it would have no problems letting us know who they are.
Next, the contact details for uptos.com are not real either. We are provided with both a phone number and email address. We tried contacting these crooks through both methods, but came up empty on both fronts. It’s always fishy when there are people asking for your money, but won’t tell you who they are and won’t talk to you.
Finally, we are told that Uptos LTD is registered in St. Vincent and the Grenadines. Now, this company may actually be registered there, or it may not. This is actually irrelevant, because being located in this country automatically makes it a sketchy offshore broker that is not to be trusted. Even if it were actually registered, we still wouldn’t trust it.
Something that is painfully obvious about this Uptos broker is that it is not licensed to be a broker. Yes, these institutions, ones which provide financial investment and trading services, they need to be properly licensed with the appropriate authorities.
Without a license, a broker is operating illegally, which is exactly the case here. We looked far and wide, with all of the regulatory and licensing agencies which Uptos would require to be sanctioned by. Of course, not a single one of them ever heard of this scam broker. In other words, this is a completely illegal, unregulated, and unauthorized online brokerage.
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Uptos.com claims to provide traders with account managers for the premium account level. Folks, there is no evidence that anybody behind this scam is professional or qualified to manage accounts. It’s safe to assume that these alleged account managers are the very same thieves who are orchestrating the fraud that is going on here.
The Uptos Trading Platform
What also stands out about uptos.com is how it claims to provide people with the MT4 and MT5 trading platforms. Yes, this would be awesome, because these are the two best day trading platforms out there. The problem here is that this is a total lie, a falsehood.
When you go to use the trading platform, you will quickly discover that it is nothing like MT4 or 5. It’s simply a web based platform which was quickly slapped together. We suspect that it is not a real trading platform of any kind, just an empty shell designed to steal money from people.
We do know for a fact that this particular platform comes with absolutely no encryptions or security features. This means that trader’s funds are vulnerable to theft, which is exactly how these criminals are stealing money from the traders at uptos.com.
The icing on the cake here is that uptos.com does not seem to allow its clients to make any sort of withdrawals. We have personally received dozens of complaints about this very issue. From what we can tell, not a single person has ever been able to withdraw any amount of money from this broker.
We have heard reports of people’s accounts being totally drained. In other words, people go to log into their accounts, only to find that there is no money left.
What has also happened is that trader’s accounts simply get blocked and shut down permanently, even with money still on them. Therefore, it is glaringly obvious that this Uptos broker is stealing money from people. The anonymous crooks running the show wait for you to make a deposit, and then they take it from you.
Uptos Broker Scam Review – The Verdict
The bottom line here is that this Uptos broker is nothing more than an exercise in highway robbery. We have no idea who is in charge of it, the contact info is bogus, and it’s certainly not a registered or licensed broker either.
Top it all off with a totally unsecure trading platform that is designed to steal money, and a total lack of withdrawals, and you have got yourself one heck of a scam. Please folks, whatever you do, stay as far away from Uptos.com as humanly possible.
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