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I just started trading with Upforex, any advice
Barak Despotis
Spain
Feb 27, 2026
ANSWER Dear Investor, UPFOREX claims to operate through UP Global Markets Ltd, licensed by the Financial Services Commission(FSC) in Mauritius, and UPFOREX Financial Consultation LLC, licensed by the Securities and Commodities Authority (SCA) in UAE. While our checks confirm that both entities exist in their respective public registries, neither the Mauritius FSC nor the UAE SCA publicly discloses the specific websites or domains associated with their licensees. Consequently, we cannot independently verify whether the trading platform you are accessing is genuinely linked to these regulated entities. Given this uncertainty, please remember that all investments carry inherent risks. We strongly advise you to exercise caution and conduct thorough due diligence before proceeding. It is prudent not to invest more than you can afford to lose in the initial stages. If you wish to explore the platform further, we recommend starting with a demo account to assess its features and reliability without risking real capital.
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I would like some info about UPFOREX.
Andreas Gibbs
Gabon
Nov 21, 2025
ANSWER Dear Investor, UPFOREX claims to operate through UP Global Markets Ltd, a company registered with the Financial Services Commission (FSC) of Mauritius under license number GB25204570. Our review confirms that this entity does appear in the FSC’s public register. However, the Mauritian FSC does not disclose the official websites or domains associated with its licensed firms, making it impossible to independently verify whether the UPFOREX trading platform is genuinely linked to this regulated entity. Additionally, UPFOREX states that its UAE-based operating entity is UPFOREX Financial Consultation LLC, licensed by the Securities and Commodities Authority (SCA). While a company by that name may be listed in the SCA registry, the SCA also does not publish domain information for its licensees. As a result, we cannot conclusively confirm that the platform you are interacting with corresponds to the SCA-licensed entity. Given these verification gaps, we advise you to exercise caution when considering any engagement with UPFOREX. Thorough due diligence is strongly recommended before committing any funds.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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