Broker Review

Unauthorised Firm Details
Name: Upholdspottrade.com
Website: upholdspottrade.com

UPHOLDSPOTTRADE (upholdspottrade.com) Raises Serious Red Flags Following FCA Warning and Scam Reports

In recent weeks, UPHOLDSPOTTRADE, operating under the domain upholdspottrade.com, has come under serious scrutiny due to increasing concerns about its legitimacy. A formal warning issued by the UK’s Financial Conduct Authority (FCA) has drawn public attention to the questionable operations of this platform. The FCA stated in no uncertain terms:

The company lists its business address as 71 Cherry Court, Southampton, UNITED KINGDOM, which appears to be an attempt to present a veneer of legitimacy. However, based on publicly available FCA records, UPHOLDSPOTTRADE is not a registered or authorized entity. This means it is conducting business unlawfully within the UK financial sector and potentially misleading customers into thinking their operations are safe and regulated.

Moreover, during our investigation, we discovered that the domain upholdspottrade.com is currently inactive. Reports suggest that this may be due to the site being flagged for fraudulent or suspicious activity. This aligns with numerous scam complaints and warnings from users who have reportedly lost money after investing through the platform.

Our team has reviewed multiple consumer protection websites and online forums, where we found a pattern of consistent negative feedback. Users have reported unauthorized withdrawals, inability to access their funds, lack of customer support, and misleading investment schemes. These are all common characteristics of investment scams that use fake credentials and professional-looking websites to lure victims into depositing funds that are never returned.

In addition to the FCA warning and the inactive domain, we have received several independent reports confirming fraudulent behavior associated with this platform. In many cases, victims were initially convinced by promises of high returns and professional service, only to be left without recourse once their funds were inaccessible.

Key Red Flags

Putting everything together, here are the strongest warning signs:

• Lack of regulation by recognized financial authorities.

• Very generous return promises (sometimes very high returns in short periods), which often accompany scams.

• Company identity “hidden” via WHOIS privacy services.

• Young domain / new website with low web traffic or low ranking.

• Possibly hosted on servers shared with other suspicious sites.