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Broker UPME Group LTD
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Overview

UPME Group LTD has been operating in the field of Internet trading for over ten years and during that time it has distinguished itself among traders as the very effective broker. All the activities of the broker are licensed in the British Virgin Islands and satisfy the requirements and standards of the Financial Services Commission.

Traders are provided with the best trading conditions on the Forex market on trading accounts, which they can adjust themselves, that is a rarity among the leading Forex brokers.

On the site of the UPME Group LTD various promotions are regularly held, where traders are able to receive good cash prizes or unique offers in currency pair trading. Broker pleases its Forex traders with various bonuses. The first deposit bonus reaches 100% of the initial payment and may be 600 dollars at most. Forex bonuses for repeated deposits that are intended for regular customers range from 10% to 50% of the credited amount.

Broker strongly impedes traders scalping, griding and server spamming with lots of orders, using the Martingale method.

Bonuses

UPME Group LTD regularly holds on its site a variety of promotions, taking part in which all customers can receive attractive prizes. Broker also offers various Forex bonuses for the replenishment of trading accounts.

Up to 100% Forex deposit bonus is available for new customers, who open a trading account in the UPME Group LTD. To become the owner of the Forex bonus, customers have to open a new account and fund it using one of the available methods. Broker will credit the Forex bonus depending on the credited sum.

The first deposit Forex bonus:

- the deposit is up to $100 - bonus - 40%

- the deposit is up to $101 to $299 - bonus - 60%

- the deposit is up to $300 to $599 - bonus - 80%

- the deposit is up to $600 and higher - bonus - 100%.

Forex bonus can not exceed $800 according to this promotion, despite the transferred to the trading account sum.

The obtained first deposit bonus becomes immediately available for trading on the Forex market and to withdraw it from the account customers will need to make a certain trade turnover, calculated by the following formula: an initial deposit + a Forex bonus/40 = an number of lots.

Forex bonus for repeated deposit is available for all customers of the broker and it usually comprises 10% of the credited amount. The repeated deposit bonus can be used for trading any currency pair, but it can not be withdrawn from the personal account of the trader.

UPME Group LTD increases periodically the repeated deposit bonus to 30%, initiating the promotion 3D UPME.

The promotion 3D UPME is held for all traders of the broker and to take part in it clients will need to fund a personal account for a certain amount, sending an application form to employees of the UPME Group LTD. Forex bonus of 30% will be credited after its consideration. In addition, the broker pays the increased reward for all closed lots according to the rules of this promotion.

Rewards for closed lots:

- one profitable lot - $9

- one unprofitable lot - $9.

It does not matter whether traders will close lots with profit or loss, the broker guarantees them a reward in the amount of $9.

The promotion Refer a Friend is held for all traders, who are interested in increasing the amount of their personal accounts. According to the promotion the broker is willing to pay a fee for every new customer, who will be invited by traders from their friends, relatives or acquaintances. After the new customer registers in the UPME Group LTD and replenishes his trading account, a trader who has invited him will be credited with the Forex bonus of 30% of the credited amount. Forex bonus becomes immediately available for trading on the foreign exchange market and to withdraw it customers will need to make a trade turnover, which is calculated according to the formula: a Forex bonus/30 = a number of closed lots. A number of invited friends is unlimited, which allows traders to increase considerably the broker's personal account due to invitations

The promotion Deposit Insurance is held for the new broker's clients, allowing them to take out an insurance policy on funds, invested in trading on the Forex market. The minimum amount of insurance is 25% and the maximum one is 100%, i.e. UPME Group LTD reimburses for all losses in currency pair trading. To become a participant of the promotion, the client should open a trading account, fund it and then send an application form for insurance to employees of the company via e-mail.

Broker regularly updates its promotions and changes constantly Forex bonuses, which interest rates range between 10% and 50%.

Training

UPME Group LTD does not offer their customers the opportunity to pass free training of trading on the Forex market, as well as there are no tutorials about the Internet trading on its site, that for most beginners will become a great disadvantage of the UPME Group LTD while choosing the broker.

Terms of trading

UPME Group LTD offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- the minimum deposit is $10

- the leverage is 1:25 - 1:1000 (1:33, 1:50, 1:100, 1:200, 1:400, 1:500 optionally)

- a lot of currency pairs, gold, silver

- currency quotes are optional (four-figure and five-figure)

- fixed spread is from 2 points (the floating one is from 0 points).

It should be noted that according to the rules of trading provided by the broker, it is forbidden to use scalping or pipsing, place a large number of orders and change them very often, trying to work on a method of Martingale, as well as perform griding (open over 10 positions on one currency pair).

MetaTrader 4

- multi-language support

- Instant Execution order

- a wide range of Forex technical indicators

- addition of new trading indicators

- elaboration and use of Forex expert advisors (MetaQuotes Language 4)

- quotes export via DDE

- chart printing.

UPME Group LTD enables clients to choose a trading account between two available accounts: Cent and Standard.

Trading account Cent:

- the minimum deposit is $10

- spread is fixed form of 2 points

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

- the minimum lot size is 0.01 (in cents)

- automated trading is available.

Trading account Standard:

- the minimum deposit is $1,000

- spread is fixed form of 2 points (the use of floating spread is available)

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

- the minimum lot size is 0.1

- automated trading is available.

Trading accounts from the company UPME Group LTD are universal, i.e. all traders can set them up independently for their own needs by selecting the necessary leverage, spread, both floating and fixed, as well as change other trading conditions on the foreign exchange market.

Forex indicators (recommended)

- Bears Power

- PivotWeekly

- DailyPivot Ind2

- Trend Magic

- Awesome Oscillator.

Forex expert advisors (recommended)

Ichimoku Chinkou Cross (an automated Forex expert advisor, based on a popular technical indicator Ichimoku, which allows it to make a good profit on currency pairs in many cases, entering and exiting the Forex market in the best periods)

- Adjustable MA 3G (an automated Forex advisor that uses double moving average strategy while trading on the Forex market, giving it the possibility to make a good profit)

- Profit FIXATOR (a universal Forex advisor that can operate both in manual and automatic mode due to the numerous settings for different currency pairs trading at short-term and long-term distances).

Investments

Currently the UPME Group LTD does not offer its clients to invest money in professional managers, who work with PAMM-accounts. Customers of the broker can make an agreement about the trust management with successful traders independently, but the UPME Group LTD does not bear any responsibility.

Unique features

UPME Group LTD provides its traders with a unique opportunity to make extra money on the Forex market using an affiliate programs. Participants of the affiliate program can receive higher profit by attracting new customers to the site of the broker for trading various currency pairs. To become a partner of the UPME Group LTD, it is necessary to send an application form to employees of the company by e-mail and after its consideration the applicant will receive the status of introducing trader and he will be provided with advertising materials for attraction of new customers through the Internet, as well as in real life. Partners will receive a commission for attracted customers, comprising 50% of the spread in the initial stage. The commission fee will change to the higher rates depending on the number of attracted clients. It will be credited to a special account of the affiliate program participant.

Add/withdraw funds

UPME Group LTD provides customers the opportunity to fund their trading accounts in the following ways: QIWI, Money Online, OKPAY, PAY PAL, WebMoney, Skrill, Money mail.ru, Liqpay, EasyPay, VISA, MasterCard and bank transfer.

Contacts

UPME Group LTD provides the possible support to its customers by e-mail [email protected] (technical support), [email protected] (Payment Department), [email protected] (arbitrage), via online chat through Skype upme.group and by international phone +441223968484.

Cons and pros

+ the famous European broker

+ the minimum deposit is $10

+ small spread

+ leverage with a large range

+ many promotions

+ various Forex bonuses

- no learning materials and online training.

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