Scam Alert: The Uptrend Center (uptrendcenter.com) Review

 
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The Uptrend Center is a scam site rather than “Your respected online trading partner”. The site masquarades as a broker who is always willing to help you make money. But our investigations reveal that this site is owned by the same person who runs The Financial Centre. After all, the two sites are a copy-paste of each other.

The Uptrend Center operates at uptrendcenter.com which was privately registered in February 2022.

The broker claims to offer a one-on-one trading academy and blockchain lessons. In addition to this, their minimum deposit is $250 but when the client wants to upgrade, they’re immediately told to pay at least $10,000.

We also noted that The Uptrend Center is the most expensive way to trade the financial markets as pips start at 3.0 in the basic account.

To encourage traders to enjoy attractive spreads, the broker demands that they upgrade to higher accounts which expose them to risk of a greater financial loss.

Today we take a look at uptrendcenter.com to see why this broker is just a scam instead of a platform that wants financial success for their clients.

The Uptrend Center Broker review

We label this broker a scam because of the following reasons:

  • They do not have a license that authorizes them to provide financial services
  • They do not have a precise physical address
  • Account managers are trained tele sales marketers who will stop engaging with victims once the scam has been executed
  • VIP account program is the biggest scam
  • Owner of the brokerage is anonymous
  • Evidence of fake reviews are present everywhere on the internet
  • Complaints from victims who say they were scammed and treated badly by The Uptrend Center account managers

There are many more reasons why uptrendcenter.com cannot be trusted with any amount of money.

Keep this in mind when discussing uptrendcenter.com broker

This entity runs a chain of multiple bogus brokerages which have caused financial losses to victims.

Equipped with an anonymous profile and a network of websites that are a copy-paste of each other, the scammer is able to lure victioms from every part of the internet at any given time.

Lack of a regulatory license means that this broker is deliberate at defrauding people. On the other hand, are helpless because even if they report to the police, nothing much can be done to apprehend these criminals.

An unregulated broker does not assure safety of their clients’ funds. First of all, they never keep their clients’ funds in segregated accounts as required by financial regulators.

This means the broker can use your funds at any time. Once funds are used, they can never be replenished. There is no accountability.

To run such kind of a brokerage, a scammer needs to be deliberate with their intentions. This is exactly what The Uptrend Center is doing.

Reviews exposing The Uptrend Center

We start with TrustPilot which claims to be a reliable reputation management platform. This platform publishes half baked truths which means readers are likely to believe something that is not true if they are frequent visitors of Trustpilot.

The Uptrend Center has a profile but they use that page to post fake reviews that mislead people into believing that they’re legit.

the uptrend center fake reviews warning
TrustPilot flagging The Uptrend Center because the scammer never pays the monthly subscription

When you see this kind of warning on any TrustPilot profile, it is because the client/broker is posting his own reviews while not paying the monthly subscription that TrustPilot requires to cover the scam.

the uptrend center reviews
The uptrend center reviews

Conclusion of this broker review

This broker’s reputation is not good and so there is no reason to trade or transfer any money to them.

We’ve gathered some information from victims who claimed that the broker stopped being friendly when they realized the victims refused to add more money to their Uptrend center account.

The broker suddenly stopped responding to calls and emails.

This is not the kind of broker you want to waste your time on.

Thank you for reading.

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