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Up Sale FX
Regulators:
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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