7 Reasons You Should Be Extremely Cautious with Upper-Trend.com
7 Reasons You Should Be Extremely Cautious with Upper-Trend.com
1) Official Regulatory Warning from ASIC
The Australian Securities & Investments Commission (ASIC) has issued a warning against Upper Trend, believing the company may be offering financial services or products without proper authorization.
2) Not Regulated by Any Known Financial Authority
Upper Trend claims to be located in Singapore, but the Monetary Authority of Singapore (MAS) does not list them. Multiple financial watchdogs confirm there is no valid licensing. This means no legal protections for investors.
3) Poor Trustpilot Reviews — Withdrawal Complaints
On Trustpilot, Upper-Trend has a TrustScore of ~2.5/5 based on very few reviews—all extremely negative. Users allege funds are withheld, and in some cases, they needed outside recovery services to retrieve money.
4) Low Trust Score via ScamAdviser & Privacy-Masked WHOIS
ScamAdviser flags Upper-Trend.com with a low trust score. Key red flags: domain owner hidden via privacy protection, young domain age, low traffic/popularity. These make it difficult to verify the operator or hold them accountable.
5) Automated Systems & Anti-Malware Labels It Suspicious
Tools like Gridinsoft classify the domain as “suspicious,” with low reputation score (~18/100), citing hidden ownership, recent registration, weak exposure in traffic and links. These are technical signals often found in risky or fraudulent websites.
6) Reports of Misleading Promises / Unrealistic Earnings
Several reviews note that Upper-Trend promises high returns and trading benefits reserved for institutional investors, fast execution, and top liquidity. Yet, many say these promises do not match the reality: profits aren’t withdrawable, positions are manipulated, etc. Classic features of investment scam behavior.
7) Withdrawal Blocked, Lingering “Fees” / Pressure Tactics
People report being asked for additional fees before withdrawals are honored or being told “compliance,” “unlock,” or “bank reclaim fee” requirements. These are typically manufactured obstacles used by fraudsters to extract more money, even when clients are trying to reclaim their own deposits or profits.
Conclusion: Upper-Trend.com Appears High Risk
After reviewing multiple independent sources, community feedback, regulatory warnings, and technical analyses, Upper-Trend.com exhibits many of the hallmarks of a high-risk or likely fraudulent broker. Below are the key reasons why proceeding with it would involve serious financial danger.
Regulatory Absence No Legal Safety Net
Upper Trend is not licensed by any credible financial authority. ASIC has already flagged it. MAS does not recognize it. When brokers operate out of regulation, depositors lose protections such as recourse for disputes, compensation in case of insolvency, or oversight of how client funds are handled. Without regulation, you’re on your own if things go wrong.
Opaque Ownership & Hidden Identity
The domain’s WHOIS data is masked and controlled via privacy services. This is a common technique among fraudulent or scam websites to avoid being traced. When ownership is hidden, legal and financial accountability becomes nearly impossible.
Young Domain & Low Web Presence
The domain is roughly ten months old. The site has low traffic, weak external validation or testimonials beyond negative feedback. This lack of historical presence means it has had little to no time to build up genuine credibility scams often use new domains for short-term operations. Tools like Gridinsoft and ScamAdviser both detect these as red flags.
Negative User Feedback – Withdrawals and Unexpected Fees
The recurring theme is that users can invest, sometimes see simulated profits, but when they try to withdraw, obstacles emerge. These include unexpected fees, demands for additional payments, or outright refusal. Such stories are supported by Trustpilot reviews. These “unlock fee trap” or “bank reclaim fee” demands often indicate that the broker is more interested in collecting more payments than paying returns.
Unrealistic Promises
Marketing about “fast, secure trade executions,” exclusive liquidity, percentages reserved for institutional investors, etc. these are typical in fraudulent setups. They set high expectations to lure in people, then feed delays, fees, and resistance when money is requested back.
Automated & Community Warnings
Anti-malware systems, scam trackers, financial forums and blogs are independently labeling the site suspicious. When both technical and human feedback converge that’s strong evidence. Even if one or two indicators could be benign, together they form a pattern.
Recovery is Difficult, Prevention Is Best
If you’ve invested and now face difficulties with withdrawal, recovery is uncertain and usually slow and expensive. Payment providers may help, but success depends on proof, timeliness, and jurisdiction. The better strategy is to avoid depositing in sites with so many red flags — don’t let the promise of profit override the caution needed when legal and regulatory protections are missing.
Final Thoughts
Upper-Trend.com shows many warning signs consistent with scam or fraudulent brokers:
- No valid regulation
- Hidden ownership
- Age and reputation concerns
- Complaints about blocked withdrawals and extra fees
These add up to a very risky profile. If you value your money, your time, and your security, staying away is the safest option. If you’ve already interacted with them: stop any further fund transfers, collect all communications/documentation, contact your bank/card company, and report to regulators in your country.
