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Overview

UPME Group is a company that has been operating for a long time in the field of financial services, and provides traders from different countries with the most favorable trading conditions for currency pairs.

Company is registered in the British Virgin Islands, and is guided by its laws relating to the financial markets and provision of services.

Brokerage Company holds for its clients many promotions with a variety of Forex bonuses, which can be obtained for repeated replenishment of accounts and active trading on the currency market. Funds can be also insured against the drawdown on the Forex market, and in case of drawdown customers can use the drawdown bonus, which will help many of them to avoid the loss of funds.

UPME Group enables customers to open accounts using their own settings, and novice traders are provided with demo accounts for the study of trading on the Forex market.

Bonuses

UPME Group rewards its customers with a large number of Forex bonuses for the primary or secondary replenishment of the account and active trading on the Forex market.

New customers of the company can receive the first deposit Forex bonus from the broker. To obtain it, they need just to register with the broker, open an account by filling in the application form on the website of the company, and make a deposit in one of the available ways. Broker accrues Forex bonus of 25% of the credited sum to the personal account of the trader after the replenishment of the account. At the initial stage bonus funds can be used for trading any currency pair on the Forex market. They can be also withdrawn from the account by making the trading volume, which is calculated according to the formula: the total sum of the deposit and Forex bonus/50. A distinctive feature of the Forex bonus is that it can be used with a negative balance, and in case of its loss, the broker will not demand it or apply penalties.

Forex bonus for the secondary replenishment of the account can be received by any client of the broker. Forex bonus is available in the amount of 10% of the sum that the customer deposits into his account. Conditions of use and withdrawal of the Forex bonus are similar to the conditions of the first deposit Forex bonus.

Forex bonus UPME 400% is available for all customers of the company. The bonus is provided only for usage on the foreign exchange market, and can not be withdrawn from the account under any circumstances. The bonus interest rate depends on the amount that the trader is going to transfer to the account.

Calculation of Forex bonuses depending on the deposited sum:

- deposit is $200-$299 - Forex bonus is 400%

- deposit is $300-$399 - Forex bonus is 300%

- deposit is $400-$499 - Forex bonus is 200%

- deposit is over $500- Forex bonus is 100% ($1,000 at most).

Bonus funds are available for trading even with a negative balance. If a trader loses all bonus funds, the broker will not make any claims.

Company UPME Group charges a commission from traders' profits earned on the Forex market for the use of the Forex bonus in currency trading.

Distribution of profits, received using Forex bonus:

- bonus is 400% - commission of the broker is 80%

- bonus is 300% - commission of the broker is 70%

- bonus is 200% - commission of the broker is 60%

- bonus is 100% - commission of the broker is 50%.

Trust bonus is granted to customers who have already received from the broker the first deposit bonus and bonus for the secondary replenishment of the account. Trust bonus comprises 150% of the deposited amount and can be used in case of a serious drawdown of traders in currency pairs trading.

The promotion Rebates is an offer for active traders, who close a considerable number of lots monthly. This offer is available for accounts Premium, whose minimum deposit comprises $100. The first Forex bonus in this promotion is a deposit, i.e. the broker accrues 50% of the deposited funds for each replenishment of the account. The second Forex bonus is rebates. UPME Group pays $10 for every closed standard lot on all trading tools that are available for trading. The only limitation concerns the maximum sum of rebate for one closed position. It can not be more than 30 dollars.

The promotion No Deposit Tour is periodically organized on the site of the broker, and allows new customers to become owners of the no deposit Forex bonus. Every client who has signed up for the promotion is provided with the welcome no deposit Forex bonus in the amount of $28 on an open account. Bonus funds can be used by participants of the promotion for currency trading. Bonus can be withdrawn after the close of the trading volume of 2 lots.

Forex bonus is nullified:

- in case of funds withdrawal from the account

- after 30 days from its accrual

- in case of receiving profits over 200%, i.e. $84, with the help of the bonus funds.

Training

There are no materials for the study of currency trading for novice traders on the official website of the UPME Group. Customers of the broker can take advantage of a guide that allows them to master the trading platform Meta Trader 4.

It is also possible to open a demo account for trading on the foreign exchange market with virtual money. Demo accounts allow novice traders to learn trading in real time and with real foreign exchange rates. Demo accounts will be useful for testing the profitability of different trading strategies and Forex expert advisors that have become popular.

Terms of trading

UPME Group offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $10

- the leverage is from 1:25 to 1:1000

- a lot of currency pairs, securities, gold, silver, futures

- floating spread is from 0 points

- fixed spread is from 1 point

- hedging is available

- automated trading is available

- commission fee is $8 per lot (it is not charged on several accounts)

- market swaps

- the maximum pipsing is 30% of the total trading volume

- griding is prohibited

- Martingale method is prohibited.

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- large number of embedded Forex indicators

- addition of new technical indicators

- creation, installation and setup of Forex expert advisors MetaQuotes Language 4

- export and import of quotes

- chart printing.

UPME Group offers its clients a choice of several trading accounts that differ in spreads (floating or fixed), leverage, order execution, minimum transaction sizes and other parameters.

Trading accounts of the UPME Group:

- Micro (dollars and converted to cents)

- Mini

- Standard

- Trade Now

- Premium

- All Inclusive (account for scalping).

To open an account the client should fill in a special form indicating in it his parameters, required for trading on the Forex market. Broker will open the account for the trader depending upon indicated parameters.

Forex indicators (recommended)

- Momentum

- Accelerator Oscillator

- Volumes

- Force Index

- Kelner Channel.

Forex expert advisors (recommended)

- Ichimoku Chinkou Cross (an automated Forex expert advisor that is able to trade various currency pairs in any time frame, using the famous indicator Ichimoku, given its name to the robot)

- FX Nostradamus (an automated Forex expert advisor, based on the technical indicator Parabolic; it shows good results in intraday trading, especially for the currency pair EUR/USD)

- Otkat (an automated Forex expert advisor that is able to find exchange rate bands on the market and use them for making profits by position opening and closing at their boundaries).

Investments

Company UPME Group does not allow customers to engage in investment, investing finances in trading accounts of professional traders through specialized PAMM systems. Transfer of funds to the accounts of the other traders for making profit is associated with a high risk, and the broker is not responsible for its consequences.

Unique features

UPME Group provides its customers with a unique opportunity to trade on the foreign exchange market with a large deposit using its loan program. Loan program from the broker allows clients to get extra money on the account of up to 200% of their investments. For example, the client funds an account in the amount of $100, and submits an application for opening of a credit line. Employees of the broker consider and approve the application. Immediately after the approval of application the account of the customer is accrued with an amount of $200, and eventually he will have $300 on the account. In addition, all customers obtain insurance coverage against loss of funds that are located on the account, which will allow returning them in case of losses. The credit line will be cancelled if the account of the client has only 33% of the money received from the broker.

Traders of the UPME Group may also become partners of the broker and make money using the foreign exchange market, attracting new customers. Broker will pay its partner a commission fee for all attracted clients, which is accrued depending on the trading volume of attracted customers.

Add/withdraw funds

Customers of the UPME Group may use several ways to deposit and withdraw funds from personal accounts: PayPal, Money Online, Easy Pay, Liqpay, OkPay, Perfect Money, Skrill, Web Money, Visa, MasterCard.

Contacts

UPME Group provides its clients with support concerning all questions via e-mail [email protected], Skype upme.group, online chat, and by international phone + 44-122-396-84-84.

Cons and pros

+ the fast growing broker

+ the minimum deposit is $10

+ small spread

+ good leverage

+ many various Forex bonuses

- no contest for traders

- no learning materials.

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