Forex Upbest Broker Review

Performance Matrix

Main Score & Risk Matrix

#739

Score

6.9

Average

Upbest is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 7.1

Business 6.4

Risk Control 6.7

Software 7.4

Regulatory 6.9

Terminal Snapshot

Upbest Trading Conditions

Registered Region Hong Kong

Operating Period Within 1 year

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@upbest.com

Contact Number +85225453298

Website www.upbest.com

Balanced Review

Pros & Cons

Pros

Regulated by Hong Kong SFC
Diverse trading instruments: Forex, commodities, indices, stocks, cryptocurrencies
Multiple trading platforms: MT4/MT5, web version, mobile app
Flexible account types: Retail, Professional, Corporate, and Demo accounts
Client fund protection through segregated funds

Cons

Limited regulatory oversight outside Hong Kong
Variety of trading instruments may be insufficient for some traders
Trade execution speed not specified
Lack of advanced educational resources for clients
Potential withdrawal fees and processing times may deter users

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Upbest	Fidelity	SCFH	AvaTrade
Operating Period	Within 1 year	See review	See review	See review
Region	Hong Kong	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.9/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Upbest Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Retail Account	Beginners	Access to a range of trading instruments	Suitable for small-capital practice
Professional Account	Experienced traders	Higher leverage and trading limits	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services and solutions	Requires corporate documentation
Demo Account	All traders	Practice trading without risk	Ideal for testing strategies

Account Opening Process

To open an account with Upbest, users must complete several steps, which include submitting personal, employment, and financial information. Identity verification is necessary, requiring documentation such as an ID and proof of address. Additionally, there is flexibility in the account structure, allowing clients to upgrade to a professional account at a later stage if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Tight spreads for major pairs
CFDs (Stocks)	Varies	Varies	Competitive spreads available
CFDs (Indices)	Varies	Varies	Includes major indices
CFDs (Commodities)	Varies	Varies	Includes gold and oil
Cryptocurrencies	Varies	Varies	Dependent on market conditions

Other Fees

Upbest may impose several additional fees, including deposit and withdrawal fees, inactivity fees, and potential platform usage fees. Overnight interest, also known as swap rates, may apply to positions held overnight, and there may be currency conversion fees associated with trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Upbest is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Upbest User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

John Doe

Hong Kong

★ ★ ★ ★ ★

I faced issues withdrawing my funds after trading for a few weeks. The support team was not very helpful, and it took longer than expected to get any response. I was quite disappointed with the overall experience.

Alice Smith

Singapore

★ ★ ★ ★ ★

Upbest offers a solid trading platform with a wide range of instruments. I particularly enjoy the MT4 features, which make trading easier. Customer service has been responsive whenever I’ve had questions.

Michael Brown

Hong Kong

★ ★ ★ ★ ★

I had a terrible experience with Upbest. My account was flagged for no reason, and I couldn’t get a clear answer from customer support. It’s frustrating not to have access to my funds.

Sara Lee

Hong Kong

★ ★ ★ ★ ★

I’ve been trading with Upbest for several months now and have found their services to be excellent. The trading conditions are favorable, and the platform is user-friendly. I appreciate the variety of trading instruments available.

Hong Kong Market