The Forex business developed a very successful platform for the past several decades. Most importantly it engages the ever-growing number of traders. Forex market is very competitive, and it includes many Forex companies from all over the world, and all the participants of the market are trying to earn their piece of cake. If you are eager to join a broker, this will, hopefully, be helpful. Up Fx is one of the companies among many Forex businesses that offers their services to the high number of traders. Up Fx is developed by real traders; this means that people who work with this have a good idea what they need to offer to their clients, they provide excellent service and prices. However, the Up Fx company is hard to track down. There are several branches – one in Bulgaria, one in Seychelles, one in Cyprus and one in New Zealand. New Zealand company can be found lately under the name Ilimits Invest Limited. Their goal is to provide their clients with an excellent service. With many illegal brokers on the market, it can be hard to find a trustworthy dealer who is going to offer a great solution for you.
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Background and Regulation
The Up Fx is online currency broker based in Seychelles, and it is a licensed and regulated Forex broker. Their website offers the details and information concerning registration and license. However, it is important to state that UpFX is regulated in Seychelles by Seychelles International Business Authority, SIBA, with license number – 095435, as well as in New Zealand by Financial Services Provider, FSP, with license number – FSP218685. Their New Zealand headquarters are situated in Auckland and the company as such is registered in May 2012. The execution method of Up Fx is Straight Through Processing Market implementation of orders with no requotes. Up Fx now called, Limits Invest is a great option for Forex and CFD trading. They are specialized in using new and innovative computer and financial technology. Therefore, they can provide Internet-based Forex trading for everyone as well as the information on currency changes. Besides, they offer 24/5 hour customer support.
Up Fx Trading Platform
The Up Fx platform is called MetaTrader 4. According to reviews, this platform is one of the best trending Forex platforms. Therefore, it is not surprising that Up Fx chose MetaTrader 4 to work with their clients. This platform is perfect for trading Forex, as well as analyzing markets and Expert Advisors option. One of the key characteristics is that this software is compatible with most operating systems, like iOS, Android, Windows, and Linux. To use this software you are not required to download it, however, there are many additional services available if you download the software – it can provide you with technical indicators or signals. Meta 5 is also in the process of development, and it is currently available as the beta program.
Up Fx Account Types
There are several Forex account types of Up Fx online currency broker which correspond to the minimum capital for opening an account:
- Micro Account – $100
- Mini Account – $250
- Standard Account – $2,000
- Professional Account – $50,000
- Institutional Account – $250,000
Up Fx also provides swap free Islamic Trading Accounts as well as demo trading account which is meant for practice trading.
Bonus Policy
Concerning this issue, it is important to say that Up Fx, usually, does not provide deposit bonus when opening an account. Nevertheless, Up Fx has a special offer which is open for new as well as already existing clients. Up Fx offers an incredible 15% on all deposits that are made during the month. So if you have to have an account, you should register for the bonus program.
Banking Options
This company provides high technology. They have particularly located services which are ready to take your trades 24/5. Moreover, it is important to know that they have built in automated trading system. Besides, it is possible to withdraw and deposit funds with Debit card and Credit card money transfer. Most importantly, withdrawals are quick and easy. All of the payouts can be performed in a period of 24 hours maximum. This company also has separate bank accounts to keep client funds. There is also a flexible leverage up to 500:1, even though the company does not recommend the leverage to be that high. However, they offer the choice to their clients.
Customer Support
Their 24/5 customer service is ready to provide you with answers you need. As we already mentioned, Up Fx is regulated by SIBA in Seychelles and by FSP Register in New Zealand, and besides the support, it provides online education on currency trading for new Forex traders – what is Forex market, how to count profits or losses, how to trade successfully, what is margin trading. This education also includes market analysis.