UpTradeMarket Review

Our investigation into UpTradeMarket began with a systematic cross‑check of regulatory databases, company registries, and consumer complaint records. We searched the public registers of major financial watchdogs, including the FCA, CySEC, ASIC, and several offshore regulators, finding no active licence attached to this name. We then turned to aggregated industry data and, most critically, the real‑world experiences of users who have interacted with the broker.

The user‑review record proved stark and unequivocal. Six reviews on Trustpilot, plus additional reports in industry databases, painted a consistent portrait of a scam operation. We examined each complaint for patterns, paying special attention to withdrawal issues, sales tactics, and technical red flags. This review distils those findings into a structured assessment, culminating in our Scam Risk Score of 75 out of 100—a Severe warning.

UpTradeMarket claims to be based at 122 Leadenhall Street in London, one of the UK’s most iconic financial addresses. The building, known as the Leadenhall Building, is home to numerous legitimate financial firms. Listing this address can lend an air of credibility, but we found no evidence that UpTradeMarket physically operates there. The broker’s corporate registration records are sparse, and no employee count is available, which often indicates a shell or front operation.

The firm was founded on 20 May 2021, making it barely two years old at the time of writing. Youth alone is not a disqualifier, but when combined with zero regulation and a barrage of user complaints, it becomes a worrying factor. Many scam operations have short lifecycles, vanishing once enough funds have been collected, and UpTradeMarket’s profile fits this mould.

The most damning finding is the total lack of regulatory licensing. UpTradeMarket does not appear in any credible registry we consulted. This means it is not authorised to offer financial services in any jurisdiction. For a firm purporting to handle investments of $25,000 and up, this is an extraordinary failure.

Regulation exists for a reason: it mandates segregated client accounts, financial reporting, and membership in investor compensation schemes. Without it, clients have no legal recourse if the broker defaults or disappears. In the UK, the FCA would typically oversee a London‑based broker, but UpTradeMarket is unknown to them. This should end the due‑diligence process for any sensible trader.

UpTradeMarket offers three accounts: Bronze ($25,000 min.), Silver ($75,000 min.), and Premium ($150,000 min.). These figures do not resemble typical retail offerings. Legitimate high‑minimum accounts exist—think premium private banking or professional accounts—but they come with extensive support, tailored services, and, crucially, strict regulation. Here, the only thing on offer is a name and a deposit amount.

No information is provided on spreads, commissions, leverage, or even the trading platform. In a normal competitive landscape, a broker would tout tight spreads and advanced tools to justify such capital outlay. UpTradeMarket’s silence suggests that these accounts are merely buckets into which victims are sorted based on how much they can be persuaded to hand over. The absence of a low‑minimum trial account is a further red flag; scam brokers do not want small fish who cannot fund their operation.

The broker’s payment infrastructure is a black box. Deposit methods are not disclosed. Withdrawal procedures are not disclosed. In a legitimate business, these are front‑and‑centre, with clear timelines and fees. Here, everything is hidden until after you commit funds—a classic tactic of fraudulent schemes.

User reviews fill in the grim picture. One client reports that after making a profit and requesting a withdrawal, they were told the money would go to ‘Blockchain’ and that they needed to deposit even more funds to unlock it. Another describes being forced to install AnyDesk, a remote‑desktop application, so the broker could ‘verify’ their bank account—a privacy nightmare that likely leads to further theft. Withdrawal times stretch into months, if they happen at all, and demands for additional payments are routine. This is not a functioning brokerage; it is an extraction machine.

UpTradeMarket reveals nothing about what you can trade. Asset classes, specific instruments, and leverage details are all missing. This is highly anomalous. A broker’s product catalogue is its primary selling point; hiding it is inexplicable unless the platform is nonexistent or entirely fake.

We suspect any trading interface provided is a sham, designed to simulate gains and lure users into depositing more. User reports mention phishing and demands to install TeamViewer or AnyDesk, which would allow operators to manipulate what a victim sees. A legitimate platform would boast of its technology; UpTradeMarket’s silence is a loud admission of fraud.

Without published spreads, commissions, or funding fees, the cost picture is impossible to assess. Regulated brokers disclose these in detail because they are legally required to do so. UpTradeMarket’s opacity leaves the door open for undisclosed charges—whether inflated spreads, arbitrary fees, or outright confiscation of funds.

User reviews do not mention specific fee complaints, but this is likely because the victims never get to the point of worrying about fees; their capital disappears long before costs matter. The real cost is the loss of the entire deposit, making any advertised fee structure irrelevant.

The picture from six Trustpilot reviews and corroborating reports is devastating. Every single review is 1‑star. Four explicitly call the broker a scam. Users describe being bombarded with phone calls—sometimes a hundred a day—after registering, a harassment campaign that forces some to change their number. These calls come from unreturnable international numbers, a hallmark of boiler‑room operations.

The review record includes specific, vivid accounts of fraud. One victim says they were promised their deposit and profits would be safe, only to be told later that the money had been moved to ‘Blockchain’ and could only be retrieved by sending more money. Another details the shocking demand to grant remote access to their bank account via AnyDesk.

A third warns that after depositing, there is simply no way to ever get the money back. There is not a single positive or even neutral voice to provide balance. This is not a mixed bag of experiences; it is a unanimous condemnation.

Trustpilot shows a rating of 2.5 out of 5 over six reviews—which, paradoxically, masks the reality. The low number of reviews allows a single fake positive to skew the average, but our analysis of the text confirms all available comments are negative. On Forex Peace Army, the broker has no reviews, which is itself telling; many scam brokers actively avoid leaving a trail on forensic review sites.

Other industry databases we consulted list numerous withdrawal‑related complaints and give the broker a high‑risk designation. None flag any positive development or regulatory progress. The aggregated data aligns perfectly with the user verdict: UpTradeMarket is a danger to anyone who deposits money.

After a thorough examination, FXCanary assigns UpTradeMarket a Scam Risk Score of 75 out of 100, placing it in the Severe category. This score reflects not only the user‑reported fraud but also the structural deficiencies: zero regulation, absurdly high minimum deposits, blanket opacity, and the overwhelming consensus of its victims.

A score in this range means we strongly advise against opening an account or depositing any funds. The probability of losing all invested capital is extremely high, and the chances of ever withdrawing are effectively nil. The broker’s behaviour—harassment, phishing, demands for remote access—goes beyond poor business practice into criminality.

If you are reading this because you are tempted by a cold call or an online advertisement, please stop. No legitimate investment opportunity requires you to deposit tens of thousands of dollars with an anonymous, unregulated entity. Do not install any software they recommend, and do not share your bank details. If you have already sent money, your prospects for recovery are dim, but you can—and should—report the fraud to your local law enforcement and financial ombudsman.

For those simply researching, use this as a lesson in what to avoid. A credible broker will display its regulatory licence number prominently and allow you to verify it on the regulator’s website. It will have transparent pricing, realistic minimum deposits, and a track record of user reviews that include some satisfied clients. UpTradeMarket meets none of these criteria. Our final word is unequivocal: steer clear.