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UPFOREX

Regulatory Status

Not Regulated

Regulation & License

CMA FSC

Regulatory Information: Lower-tier regulation; investor protection may be limited.

Score

2.22 /10

Regulation

2.71

Tech

6.10

Reputation

4.55

Business

7.16

Risk Control

3.19

How is the TrustScore calculated?

UPFOREX Comprehensive Review

UPFOREX exhibits overall weak performance, not recommended for risk-sensitive investors, with a composite score of 2.30, lacks credible oversight for forex trading as it is not regulated for that specific activity, and has operated for 5-10 years, warranting careful due diligence and consideration of brokers with a more robust regulatory framework. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information. Please verify all entity details independently before trading. (Updated: 2026-06-19)

Regulatory Status and Licensing Structure
UPFOREX operates without any direct forex trading licenses under its primary registered entity, presenting a significant oversight gap. Its regulatory status is designated as Not Regulated, indicating a lack of credible supervision. While the company holds an Investment Advisory License from the UAE's Capital Market Authority and a Securities Trading License from Mauritius's Financial Services Commission (FSC), neither license authorizes retail forex brokerage activities typically expected for client trading. Investors are advised to verify the validity and specific scope of these licenses directly on the respective regulator's official websites.
Safety Score Breakdown Across Each Dimension
UPFOREX carries a composite score of 2.30, with a regulatory rating of 0.0, risk control rating of 0.0, software rating of 8.8, business rating of 7.57, and license rating of 0.0 — showing operational strengths but a very weak regulatory and oversight profile. This composite score aggregates ratings across five dimensions. The regulatory and license scores reflect the firm's oversight status, while risk control assesses its operational safeguards. The software and business ratings evaluate platform stability and commercial viability. Traders should weigh these dimensions, particularly the significant regulatory concerns, against their personal risk tolerance and trading priorities.
UPFOREX Operational Overview
UPFOREX, a broker with 5-10 years of operation, functions within the Regional Brokers scope and is based in Mauritius. A key operational highlight is its requirement for a 100 USD minimum deposit. It provides trading on the MetaTrader 5 platform and offers a selection of financial instruments including Forex, Metals, Futures, Shares, and Cash CFDs, indicating a focus on diversified online trading products. Traders seeking a broker with a multi-year track record in the Mauritius jurisdiction will find a modern platform supporting a range of asset classes.
Trading Environment and Execution Performance
UPFOREX operates on MetaTrader 5 with an average order execution velocity of 229.50 ms, though its trading environment grade is not currently disclosed. The average execution speed of 229.50 ms indicates the typical latency from order placement to fill. The broker's server infrastructure is composed of MT4 servers:0; MT5 servers:1, forming its operational backbone. The trading environment grade, an internal rating reflecting overall execution conditions, is not publicly available. The platform is supported exclusively by MetaTrader 5 software for trading activities.
Tradable Instruments and Product Coverage
UPFOREX offers three live trading account types, all providing access to the same set of financial markets: Forex, Metals, Futures, Shares, and Cash CFDs. This coverage suggests trading is centered on derivatives like CFDs and futures contracts, while traditional spot asset classes such as bonds and ETFs are not listed among its offerings. Traders should assess this product lineup against their specific strategy requirements to ensure it aligns with their market focus.

UPFOREX Regulation & License

Active
United Arab Emirates Investment Advisory License (IA)
Click to View
Active
Mauritius Securities Trading License (EP)
Click to View

Note: The above regulatory information is sourced from the official UPFOREX website.

Basic Information

Registered Region
Mauritius
Operating Period
5-10 years
Company Name
UP Global Markets Ltd

Customer Service Email Address
support@upforex.com
Contact Number
+230 55004578
Company Website
https://upforex.com/

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Frequently Asked Questions About UPFOREX

Is UPFOREX a regulated forex broker?
UPFOREX is not regulated for forex brokerage activities. Its primary registered entity, UP Global Markets Ltd, operates with a Not Regulated status for its core trading business. While the company holds an Investment Advisory License from the UAE's CMA and a Securities Trading License from Mauritius's FSC, neither license authorizes retail forex trading or client fund handling. This represents a significant oversight gap for traders seeking a broker with credible regulatory supervision for forex trading.

What license information is available for UPFOREX?
UPFOREX holds two active licenses, but they do not cover retail forex brokerage. The Mauritius FSC issued a Securities Trading License (EP) with number GB25204570 to UP Global Markets Ltd. The UAE's CMA granted an Investment Advisory License (IA) with regulation number 20200000350 to UPFOREX Financial Consultation. You are advised to verify these licenses directly on the FSC and CMA official websites to confirm their active status and specific scope, as they pertain to advisory and securities services, not direct forex market access.

What risks should traders notice before using UPFOREX?
Before using UPFOREX, traders should notice several key risk factors. The broker's regulatory and license indices are rated at 0.0, and its risk control index is also 0.0, indicating a lack of recognized oversight protocols and safeguards. Its core score of 2.30 reflects these significant regulatory concerns. Furthermore, the broker operates with high maximum leverage of 1:300, which significantly amplifies potential losses. The funding process lacks transparency, as deposit and withdrawal methods are not publicly disclosed, requiring direct confirmation with the broker.

What leverage can traders use with UPFOREX?
Traders with UPFOREX can utilize maximum leverage of up to 1:300 across all its account types—Standard, Pro-ECN, and Elite-ECN. Leverage of this magnitude allows for controlling large positions with relatively small capital, but it proportionally increases both potential profits and risks. While the specific leverage tiers for different instruments are not detailed, this high maximum leverage indicates a trading environment geared towards experienced traders who employ strict risk management strategies to mitigate the amplified exposure.

Can I use EA or automated trading with UPFOREX?
Yes, you can use Expert Advisors (EAs) or automated trading strategies with UPFOREX. All three of its live account types—Standard, Pro-ECN, and Elite-ECN—explicitly support the use of EAs. The broker operates exclusively on the MetaTrader 5 platform, a system renowned for its robust support for algorithmic trading. This combination provides a suitable environment for traders who wish to implement automated strategies or custom indicators for forex, metals, futures, shares, and Cash CFD trading.