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Up Sale FX

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Operating status: SCAM

Website: https://upsalefx.com/

Broker violations and abnormal records
  • 2022-03-16 BrokersView has reviewed that Up Sale FX is an unregulated forex broker

    Up Sale FX claims its foundation in 2014. However, when we checked its domain, the result showed the firm was created in 2020. It is a red flag here.

    On the other hand, the company claims that it is a licensed and regulated financial services company, but doesn't mention which financial regulator oversees it. Besides, with its headquarters in the UK, the entity is not registered and supervised by the UK's Financial Conduct Authority (FCA). That is to say: Up Sale FX is currently not regulated or not overseen by any financial regulator. Therefore, we can conclude that Up Sale FX is probably a scam.

    Up Sale FX claims its foundation in 2014. However, when we checked its domain, the result showed the firm was created in 2020. It is a red flag here.On the other hand, the company claims that it is a licensed and regulated financial services company, but doesn't mention which financial regulator oversees it. Besides, with its headquarters in the UK, the entity is not registered and supervised by the UK's Financial Conduct Authority (FCA). That is to say: Up Sale FX is currently not regulated or not overseen by any financial regulator. Therefore, we can conclude that Up Sale FX is probably a scam.
  • 2022-07-07 BrokersView has found that Up Sale FX is not working

    On 8 Jul 2022, BrokersView found the domain https://upsalefx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://upsalefx.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Hi, is the regestiration number on Up Sale FX updated?

Josehp
South Africa
2022-04-06
ANSWER Up Sale FX is not a licensed broker and should be avoided at all events. Up Sale FX claims its foundation in 2014. However, when we checked its domain, the result showed the firm was created in 2020. It is a red flag here.On the other hand, the company claims that it is a licensed and regulated financial services company, but doesn't mention which financial regulator oversees it. Besides, with its headquarters in the UK, the entity is not registered and supervised by the UK's Financial Conduct Authority (FCA). So Up Sale FX is not regulated or not overseen by any financial regulator. That means investors' funds in this broker are unsafe and cannot be protected by any laws. Therefore, it is thoroughly a scam.We would recommend traders stay away from Up Sale FX and any other unregulated brokers, since they are not subject to necessary laws and principles of operation, resulting in a high risk to trade with them. 
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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