Company Information

Get to know UPgraders Universal Banking

UPgraders Universal Banking presents itself as a leading global financial institution with a history dating back to 1982, offering a broad range of services including private and business banking, investment management, loans, and crypto banking. However, it has been officially identified as an unauthorized "clone firm" by the UK's Financial Conduct Authority (FCA). The company fraudulently claims to be regulated by the FCA, using the registration details and address of other legitimate, unaffiliated firms to deceive potential customers. Its actual operation is to solicit funds from the public without any legal authorization or consumer protection.

Industry

Financial BankingPRIMARY
Financial Other Service

Contact

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UPgraders Universal Banking

N/A

Founded in

20 Th05 2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.