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Up Invest Finance: Another Scary Broker

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Up Invest Finance: Another Scary Broker

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Up Invest Finance is already on the crosshairs of CONSOB. The Italian Finance regulator blacklists the broker for violating trading regulations. With complaints from investors growing, this is certainly a must-avoid broker. You should note that the people behind the platform use anonymity with vigor. There’s no direct contact or phone number on the website, which tells it all. The broker UpInvest Finance doesn’t want any interaction with members. Read this entire UP INVEST FINANCE Review for more.

Up Invest Finance Review

Signing up with a reliable broker is what takes your trading to the next level. Take advantage of these brokers’ expertise to sharpen your trading skills. Please make an effort to sign up with authentic brokers who have proven their worth. These brokers enjoy the backing of experts and the trading community. Qualities such as honesty and having fair trading conditions are what make them appropriate. Make an informed decision and sign up with authentic brokers.

A Brief Overview of Up Invest Finance

UpInvestFinance has an enticing website that makes users want to sign up. The visual appeal is great, and that’s what the broker is after. To create a website that mimics a real trading website. Those that sign up are now ruing the decision as the platform is a verified scam.

With a warning from CONSOB, the broker will surely shut down soon. Avoid interacting with the broker as Up Invest Finance is a burst trading platform.

Our investigations reveal the reasons why authorities are flagging the broker down. Victims are coming out with their experiences with the broker. Despite creating an almost perfect website, there are mistakes these offshore brokers make.

We plan to expose these mistakes and help expose the broker’s true intentions. UPInvest Finance is a platform that will quickly ruin your financial status.

Account opening procedure

Opening an account with the broker is easy, and the process takes less than five minutes to complete. We do face an issue with their verification process, which is far from ideal. The broker is asking for sensitive documents which we possibly can’t give them.

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Members will have to upload bank statements and credit card information. You will also have to upload a copy of your ID. We have a clue what the broker will do with these valuable documents.

It’s not the first time we are seeing a broker ask for such documents. Those that do have gone ahead and wiped clean the bank accounts. The broker will even buy goods and services and charge them on the card.

This is why no one should upload any documents to the broker.

Affiliate partnership

Before you join their affiliate program, you should know that the broker doesn’t pay commissions. Affiliate marketers are shying away from the platform with good reason. None of them has received any payment for directing clients to this platform.

Victims are now pointing the finger at these affiliate marketers for directing them to a scam. You don’t want to be on the crosshairs of victims who lost huge sums of money.

Assets and trading instruments

Up invest finance offers six classes of trading assets. These include commodities, crypto, forex, indices, metals, and shares. Expect to get shares from leading US companies from the FAANG group.

Commodities found include agriculture, gas, and oil. The broker also offers CFDs on a broad range of Cryptocurrencies. When it comes to forex trading, the broker offers over 38 major and minor pairs.

You also get to trade with 9 global indices and metals such as copper, gold, and silver.

Comments and complaints from investors

UpInvestFinance Comments from users

The reason why this broker got into the crosshairs of regulators is complaints from investors. As more and more complaints grew, the regulator has to act. It seems that most of the victims come from Italy. The broker has been targeting European investors with the dummy trading platform.

We also got an email from Luka, who deposited $5,000 after numerous calls from the broker. He would get three to four calls daily urging him to sign up.

Custodian of the platform

The broker does not bother listing the owner of this platform. We don’t know whether an individual or an entity owns the platform. This leaves users at a disadvantage as the broker leaves no track record.

Anonymity is the reason stopping authorities from prosecuting the people behind this platform. We urge our readers to refrain from using any anonymous online investment platform.

Domain insights (upinvestfin.com review)

There are no clear records on the exact date this website went live. Domain checker tools don’t have the name of the registrant. We only have the IP location, which doesn’t give us much. This shows that the owner made sure all the details were hidden.

The name of the registrant is redacted for security reasons. No scam artists will want their name plastered all over the world with the word scammer.

Features of Up Invest Finance

Account details

Up Invest Finance furnishes members with five account types. These accounts include Starter, Expert, Pro, Prime, and AED Pro. We don’t know the acceptable minimum deposit with each account.

Up Invest Finance Account Types

The broker leaves this option out so that members can deposit as much on any account. Leverage on all these accounts is set at 1:500, which is risky for losing trades. The industry has put a cap on leverage at 1:30 in America and 1:50 in Europe.

Contact and support

Users should not expect any contact with the platform. The broker does not respond to emails meaning they don’t mind the welfare of members. Without any correspondent, members are left on their own.

When making calls urging for more deposits, the broker uses call agents. Tracking the calls is frantic as call agents use different lines. The broker is terminating communication with each deposit.

Demo account

Although the broker offers a demo account, it’s of no help to investors. Once you click on the demo account’s tab, the URL is not found. This means you have to open a real account without testing the platform.

Smart investors have to test how the platform behaves before making any financial commitments. And this is the reason why we have to expose the platform for lying to members.

Payment options

We also don’t get the full details on how the payment procedure works. There’s no deposit or withdrawal option available on the website. These are some of the valuable missing features on the website.

Victims claim that the broker sent an email with a bank account number. Members are to deposit funds to the bank account and wait for the funds to reflect.

Is Up Invest Finance Licensed or Registered?

Up Invest Finance is an invalid broker already on the blacklist of one of Europe’s top regulators. The broker makes no effort in producing documents to prove their compliance. Investors should check whether authorities license a broker before signing up.

Safety of funds with Up Invest Finance

There’s no safety of funds with the platform that has no valid license. We suspect the broker transfers funds to a private account after members deposit. There’s no segregation taking place within the platform.

Scam or Legit Up Invest Finance

upinvestfin.com Trading Platform

Up Invest Finance is a scam waiting to pounce on investors. Please stay away from it.

Closing remarks

With the broker on the blacklist of CONSOB, there’s no way we can recommend them. We have to add this broker to our blacklist.

The best way to trade safely and earn reasonable profit margins is by using tested brokers. Go for the best brokers the industry has to offer.

We wish you all the best in your trading journey.

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