UPFOREX Review 2026

Item: UPFOREX
Rating: 4.8
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: May 19, 2026

Top Brokers Overview — United States

Min. deposit $100
Fees 5 /10
Account types 5.8 /10
Regulation 6 /10

4.8 /10

High risk

UPFOREX User Reviews 5.2
Commissions and Fees 5.0
Regulation and Safety 6.0
Account Types 5.8
Deposit and Withdrawal 4.8
Markets and Tradable Assets 4.8
Trading Account Opening 9.0
Trading platforms & tools 6.0
Mobile Apps 8.0
Customer Support 5.0

UPFOREX Pros & Cons

Negative balance protection for all retail traders.
Access to currencies, stocks, metals, indices, energy, and cryptocurrencies.
Trading through MetaTrader 5 on desktop and mobile devices.
Low spreads and competitive trading conditions.
Deep liquidity and fast order execution.
Entry to global OTC trading from $100.
Demo trading as a tool for risk-free practice.

No full table of trading commissions and fees on the website.
No regulation by Tier-1 authorities such as the FCA, CySEC, ASIC, the SEC, etc.
No cent accounts.

TU Expert Verdict

UPFOREX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.

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UPFOREX User Reviews

Score:

5.2 /10

5 total

5-star

0%
4-star

0%
3-star

60%
2-star

40%
1-star

0%

With UPFOREX, I started with a demo account and then switched to a Standard live account. The MetaTrader 5 interface is familiar, so I did not need to learn additional platforms. I liked that one account and one trading platform provide access to currencies, indices, and energy. I funded the account through an e-wallet, and the funds appeared in the balance without any hassle. Overall, UPFOREX suits calm, systematic trading such as day trading. It can also be used for copy trading.

Negative balance protection is available, which is useful when trading with leverage, but overall the platform feels somewhat limited. Liquidity for metals and currencies is adequate, and I haven’t seen major price gaps, yet the selection of contracts is narrower than competitors. Support responds through the website and handles account issues, though the overall experience is functional rather than seamless.

I use UPFOREX to trade stock and cryptocurrency CFDs. It is convenient and cost-effective that these instruments have no separate commission, and only the spread is applied. From time to time, I connect copy trading through MT5 to diversify trades and see how other trading strategies work. The platform is fairly stable on both computer and phone, which is convenient during active market periods. The website has few educational articles, which is a drawback. Overall, everything works for now, but I would not call UPFOREX the best broker.

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Commissions and Fees

Score:

5 /10

The trading and non-trading commissions of UPFOREX have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Tight EUR/USD market spread

Above-average Forex trading fees

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of UPFOREX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, UPFOREX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

UPFOREX Standard spreads
	UPFOREX	ZForex	OANDA
EUR/USD min, pips	-	0.1	0.1
EUR/USD max, pips	-	0.4	0.5
GPB/USD min, pips	Not supported	0.2	0.1
GPB/USD max, pips	Not supported	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

UPFOREX RAW/ECN spreads
	UPFOREX	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	7	7	3.5
EUR/USD avg spread	0	0.1	0.15
GBP/USD avg spread	Not supported	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with UPFOREX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

UPFOREX Non-Trading Fees
	UPFOREX	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	—	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	—	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	—	0-15
Inactivity fee ($, per month)	—	0

Is UPFOREX Safe?

Score:

6 /10

UPFOREX has a safety score of 6/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Is regulated
Negative balance protection

Not tier-1 regulated
Track record of less than 8 years

UPFOREX Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
FSC (Mauritius)	Full Name Financial Services Commission of Mauritius	Country of regulation Mauritius	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation CMA (UAE)	Full Name Capital Market Authority	Country of regulation United Arab Emirates	Investor Protection Fund No specific fund	Regulation Level Tier-2

UPFOREX Security Factors
Foundation date	-
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

5.8 /10

UPFOREX offers the following account options: Demo, Standard, ECN/Raw spread.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Tight spread ECN account
Demo account
Standard account with balanced trading conditions

No Cent account
No VIP account option

UPFOREX account types vs top competitors
	UPFOREX	Trading.com	ZForex
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	No	Yes
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	No	Yes
VIP	No	No	No
Managed	No	No	No

UPFOREX accounts trading conditions

UPFOREX offers three live account types on the MetaTrader 5 platform, each with different spreads, commissions, and minimum deposit requirements. All accounts allow trading currencies, metals, stocks, and CFDs across multiple markets. Traders can choose between STP and ECN order execution.

Account types:

Account Type	Description
Standard	An account for basic STP trading with floating spreads from 0.1 pips and no commission. It suits most traders, including beginners and those starting with minimal capital. The minimum deposit is $100.
Pro-ECN	An account for professional ECN trading with spreads from 0.0 pips and a $7 commission per round lot. The minimum deposit is $1,000. It suits active and experienced traders focused on lower trading costs.
Elite-ECN	An ECN account trading with floating spreads from 0.1 pips and no trading commission. The minimum deposit is $5,000. It is designed for experienced traders who trade larger volumes and want to reduce costs.
Demo	An account for demo trading on MetaTrader 5 under conditions close to real quotes, using virtual funds for learning and strategy testing. The broker provides a virtual balance of $10,000.

Deposit and Withdrawal

Score:

4.8 /10

UPFOREX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

UPFOREX offers limited payment options and accessibility, which may impact its competitiveness.

Minimum deposit below industry average
Low minimum withdrawal requirement
Bank wire transfers available
Bitcoin (BTC) accepted

Wise not supported
No bank card option
PayPal not supported

What are UPFOREX deposit and withdrawal options?

UPFOREX offers a limited selection of deposit and withdrawal methods, including Bank Wire, Skrill, Neteller, BTC. This limitation may restrict flexibility for users, making UPFOREX less competitive for those seeking diverse payment options.

UPFOREX Deposit and Withdrawal Methods vs Competitors
	UPFOREX	Trading.com	ZForex
Bank Wire	Yes	Yes	No
Bank card	No	Yes	Yes
PayPal	No	No	No
Wise	No	No	No
BTC	Yes	No	Yes

What are UPFOREX base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. UPFOREX supports the following base account currencies: USD.

What are UPFOREX's minimum deposit and withdrawal amounts?

The minimum deposit on UPFOREX is $100, while the minimum withdrawal amount is —. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact UPFOREX’s support team.

Markets and Tradable Assets

Score:

4.8 /10

UPFOREX offers a limited selection of trading assets compared to the market average. The platform supports 1,700 assets in total, including 40 Forex pairs.

Crypto trading
40 supported currency pairs
Indices trading

Copy trading not available
No ETFs

Supported markets vs top competitors

We have compared the range of assets and markets supported by UPFOREX with its competitors, making it easier for you to find the perfect fit.

	UPFOREX	Trading.com	ZForex
Currency pairs	40	69	50
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	1,700	69	80
Stocks	Yes	No	Yes
Commodity futures	Yes	No	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	Yes	No	Yes
Stock indices	Yes	No	No
Options	No	No	No

Investment options

We also explored the trading assets and products UPFOREX offers for beginner traders and investors who prefer not to engage in active trading.

	UPFOREX	Trading.com	ZForex
Bonds	No	No	No
ETFs	No	No	No
Copy trading	No	No	Yes
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

9 /10

We successfully registered an account with UPFOREX in 15 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at UPFOREX is $100.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Fully online account opening process
Fast registration time (up to 15 minutes)
Low minimum deposit requirement

Account approval may require extra time depending on the documentation.

UPFOREX account opening
	UPFOREX	Trading.com	ZForex
Online Registration	Yes	Yes	Yes
Minimum deposit	$100	$50	$10
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	15	20	8
KYC time (days)	2	2	1

Is UPFOREX available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading with UPFOREX, register on the broker’s website and complete identity verification in line with regulatory requirements.

Follow these steps:

On the UPFOREX website complete the registration form with basic personal details.
Log in to the client area to access profile settings.
Upload documents confirming identity and residential address.
After UPFOREX reviews the documents, open and fund a trading account.

Features of UPFOREX user account allow traders to:

Fund the account, withdraw funds, and transfer funds between trading accounts.
View the history of all financial transactions.
Access trading reports and account status.
Upload documents and track verification status.
Use instructions and reference materials on working with the broker.
Download MetaTrader 5 for PC and mobile devices.
Contact customer support for assistance.

Trading platforms & tools

Score:

6 /10

UPFOREX received a score of 6/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

API access for automated trading
MetaTrader is available
Trading bots (EAs) allowed
Free VPS for uninterrupted trading

Strategy (EA) Builder is not available
No one-click trading
No TradingView integration

Supported trading platforms

UPFOREX supports the following trading platforms: MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared UPFOREX’s platform availability with that of top competitors to assess its relative market position.

	UPFOREX	Trading.com	ZForex
MT4	No	No	No
MT5	Yes	Yes	Yes
cTrader	No	No	No
TradingView	No	Yes	No
Proprietary platform	No	Yes	No
NinjaTrader	No	No	No
WebTrader	Yes	Yes	No

Key UPFOREX’s trading platform features

We also evaluated whether UPFOREX offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	No
Trading bots (EAs)	Yes
One-click trading	No
Scalping	No
Supported indicators	38
Tradable assets	1,700

Additional trading tools

UPFOREX offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

UPFOREX trading tools vs competitors
	UPFOREX	Trading.com	ZForex
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	No	Yes	No
API	Yes	No	No
Free VPS	Yes	No	Yes
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	No	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

8 /10

UPFOREX supports mobile trading, offering dedicated apps for both iOS and Android. UPFOREX received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.

Strong Android user ratings, currently at 4.8/5
Indicators supported
Mobile alerts supported

Limited features vs desktop

We compared UPFOREX with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	UPFOREX	Trading.com	Plus500
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	10,000,000	50,000	10,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	4.7	4.8	4.7
Google Play score	4.8	4.7	4.4
Mob. 2FA	Yes	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

5 /10

Customer support at UPFOREX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. UPFOREX provides basic support functionality but does not stand out in overall service performance.

Information

UPFOREX provides online support to traders worldwide 24/7. Phone support is available Monday through Friday from 9:00 a.m. to 5:00 p.m. (UTC+4, Mauritius time).

Real-time chat on the broker’s website
Phone support line

No support via messengers
The call center does not operate 24/7

UPFOREX communication methods:

online chat on the broker’s website;
by phone;
by email;
via the feedback form in the contacts section;
for broker clients, via the ticket system.

Contacts
Registration address	4th Floor, Docks 4, The Docks, Caudan, Port Louis, Mauritius
Regulation	FSC (Mauritius), CMA (UAE) Licence number: GB25204570, 20200000350
Official site	https://www.upforex.com/
Contacts	support@upforex.com +230 55004578

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FAQs

How is UPFOREX regulated and what does its safety score indicate?

UPFOREX has a safety score of 6/10, which corresponds to a medium security level in this review. It is regulated by the Financial Services Commission of Mauritius (Tier-3) and the Capital Market Authority in the UAE (Tier-2), offers negative balance protection and mandatory KYC, but is not Tier-1 regulated and has a track record of less than 8 years, and the foundation date is not specified in the section.

What do reviews say about UPFOREX spreads, commissions, and overall fee levels?

According to the analysis in this section, UPFOREX has medium overall fees with a score of 5/10, combining tight EUR/USD spreads with above-average forex trading fees. On ECN/RAW accounts, the broker charges a $7 commission per lot with an average 0 spread on EUR/USD, while non-trading fees such as deposit, withdrawal, and inactivity charges are not specified in the review.

What types of trading accounts are available at UPFOREX and how do they differ?

UPFOREX offers Standard, Pro-ECN, Elite-ECN, and Demo accounts on MetaTrader 5, each with different spreads, commissions, and minimum deposits. The Standard account has floating spreads from 0.1 pips with no commission and a $100 minimum deposit, the Pro-ECN account has spreads from 0.0 pips with a $7 commission per round lot and a $1,000 minimum, and the Elite-ECN account has floating spreads from 0.1 pips with no commission and a $5,000 minimum, while there are no Cent, Micro, Swap Free, VIP, or Managed accounts mentioned in this section.

What do reviews and analysis say about UPFOREX deposit and withdrawal methods and limits?

This section states that UPFOREX supports a limited set of funding methods, including Bank Wire, Skrill, Neteller, and Bitcoin, and does not support bank cards, PayPal, Wise, or USDT payments. The minimum deposit is $100, the minimum withdrawal amount is not specified, and USD is the only base account currency mentioned, which the review notes may reduce flexibility and potentially increase costs for some users.

How do reviews describe the UPFOREX trading account opening process and verification?

The review notes that opening an account with UPFOREX is fully online, with registration taking about 15 minutes and KYC verification typically completed within 2 business days. The minimum deposit is $100, and while the process is described as accessible and relatively fast, the section also mentions that account approval may require extra time depending on the documentation provided.