Forex Uphold Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

Uphold Trading Conditions

Registered Region Bahamas

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number N/A

Website uphold.com

Balanced Review

Pros & Cons

Pros

Established in 1998 with long operational history
Low minimum deposit requirement appealing to new traders
Diverse range of trading instruments including cryptocurrencies, commodities, and fiat currencies
Proprietary web platform and mobile application for user-friendly trading
Various deposit and withdrawal options available

Cons

No regulatory oversight from recognized authorities
Limited customer support options
Withdrawal fees may apply
Potential risks associated with unregulated trading
Varies fees based on payment methods

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Uphold	Blackwell Global	capital.com	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Bahamas	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	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Uphold Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Low minimum deposit requirement	Suitable for small-capital practice
Professional Account	Experienced traders	Access to advanced trading tools and features	Requires trading volume qualifications
Corporate Account	Corporate clients	Customized services for businesses	Requires corporate documentation
Demo Account	New traders	Practice trading without financial risk	Ideal for evaluating the platform

Account Opening Process

To open an account with Uphold, users need to complete several steps. First, they must submit personal information, including their full name, email address, and phone number. Next, they are required to provide employment details and financial information to assess their trading capabilities. Identity verification is a crucial step, necessitating the submission of an ID and proof of address. This ensures compliance with relevant regulations. Additionally, Uphold offers account flexibility, allowing users to upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Tight spreads available
CFDs (Stocks, Indices)	Varies	$0	Commission-free trading
Cryptocurrencies (BTC, ETH)	Varies	Varies	Commission rates depend on volatility

Other Fees

Uphold may charge various fees beyond trading costs. These include deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may apply if the account remains dormant for an extended period. Users should also be aware of potential platform usage fees and overnight interest (swap rates) for holding positions overnight. Currency conversion fees might apply when trading different asset types across various currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Uphold User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Miami, FL

★ ★ ★ ★ ★

I had high hopes for Uphold due to its low minimum deposit, but I faced significant issues with withdrawals. It took longer than expected, and customer support was unhelpful in resolving my concerns. I would recommend looking for a more regulated broker.

Emily Johnson

San Francisco, CA

★ ★ ★ ★ ★

Uphold’s platform is user-friendly and perfect for beginners. I appreciate the variety of cryptocurrencies available for trading. While I have noticed some withdrawal fees, overall, my experience has been mostly positive. Just be cautious with support options.

Michael Brown

New York, NY

★ ★ ★ ★ ★

I was really frustrated with my experience at Uphold. The lack of regulatory oversight is concerning, and I encountered issues with my account. Customer support did not respond in a timely manner, leaving me feeling abandoned. I do not recommend this broker.

Sarah Davis

Austin, TX

★ ★ ★ ★ ★

Uphold has been a great platform for me! The mobile app is excellent, and I love the fast execution speeds. I started with a low deposit, which made it easy to get into trading. I appreciate the diverse asset options, especially in cryptocurrencies.

Bahamas Market