What is Upswingtrade?
Upswingtrade is a forex and CFD broker based in United Kingdom, listed with a foundation year of 2021. It offers leverage up to 1:20, spreads from 0.1 pips and a minimum deposit of �250. Clients trade on MetaTrader4 webtrader.
Upswing trader is an online trading broker which has Forex, Stocks, Indices, Indices, and Commodities available for trading. There are more than 250 assets available for trading with this broker. This broker is available on the MetaTrader4 webtrading platform. Webtrader doesn’t need any dedicated trading software for trading. Any device with just a browser is capable of trading. So, no software installation is required for trading with Upswingtrade.
Upswingtrade is offering five types of accounts to their clients. Accounts are named as Basic, Silver, Gold, Platinum, and Diamond. All of these accounts have a different level of starting deposit along with other tools.
The Basic account starts only with £250 and it ranges to £10,000. The spread in this account starts from 3.0 pips and the leverage is at 1:20. This account is a self-managed account and the margin call is 100%.
The Silver account starts with £10,001 and ranges to £20,000. The spread is 2.0 pips and the leverage here is 1:50. This account has senior account manager support. Like the previously mentioned account, this account also has mail support.
The Gold account is the most popular account offered by Upswingtrade. This account ranges from £20,001 to £100,000. The spread in this account is 1.5 and the leverage in this account is 1:100. This account gets the support of the executive account manager and free withdrawal for a month.
The Platinum account starts from £100,001 and ranges itself to £200,000. The leverage in this account is 1:150 and the spread is starting from 0.5 pips. This account gets the support of the VIP account manager. This account gives the advantage of two months of free withdrawal.
The Diamond account is activated with an invitation only. This account has the leverage of 1:200 and 0.1 pips of spread.
Is Upswingtrade safe and regulated?
Upswingtrade is regulated by Upswingtrade has no regulatory license. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Upswingtrade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a �250 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Upswingtrade provides MetaTrader4 webtrader, so you can trade from any browser without installing software.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:20 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Upswingtrade supports 6 funding methods, including Visa, MasterCard, Bitcoin, Ethereum, Sepa, WireTransfer. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
Upswingtrade bonus: <p>This broker is not providing any welcome bonuses</p>
How the promotion works
The current Upswingtrade promotion is <p>This broker is not providing any welcome bonuses</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Upswingtrade website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Upswingtrade pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
- 6 deposit methods including crypto
Cons
- Only offshore regulation
- No investor compensation scheme
- �250 minimum deposit is higher than some rivals
- No Islamic account listed
How to open an Upswingtrade account
- RegisterVisit the Upswingtrade website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least �250 with Visa, MasterCard, Bitcoin or another method.
- Start tradingLog in to MetaTrader4 webtrader and set your risk per trade.
Is Upswingtrade a good broker? Our verdict
Upswingtrade suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.