Regulatory Strength
Uphold is regulated by key authorities like FinCEN in the U.S., the FCA in the U.K., and others in Canada and Lithuania, adhering to global AML and data protection standards, including GDPR and PCI-DSS. This ensures robust financial security and consumer privacy across jurisdictions.
A Glimpse into the Uphold.com Advantage
- Direct Trading Across Classes: Uphold’s “Anything-to-Anything” trading capability allows for direct exchanges between different asset types, from cryptocurrencies to precious metals, without the need to convert to fiat first.
- Inclusive Asset Portfolio:Beyond crypto, Uphold users can invest in stablecoins, national currencies, precious metals, and environmental assets, providing a diverse investment landscape.
- User Empowerment: Uphold offers an array of tools like AutoPilot for dollar-cost averaging, and its staking rewards program which offers up to 16% APY on certain assets, giving users ways to enhance their investment strategies.
- Transparent Fee Structure: Uphold maintains fee transparency, with 0% trading commissions and clear information on spread fees, ensuring users have a clear understanding of the costs involved in their transactions.
- Enhanced Accessibility: With an account minimum of just $10, Uphold makes investing accessible to a wide range of users, from beginners to experienced traders. The platform also supports fast deposits and withdrawals, facilitating seamless transactions for its users.
- Innovative Features: Uphold’s AutoPilot feature enables investors to automate recurring trades and utilize dollar-cost averaging strategies, reducing the impact of market volatility on their investments.
Pros and Cons – Weighing the Advantages and Disadvantages
Pros
- A broad range of tradable assets including cryptocurrencies, national currencies, and precious metals.
- Uphold promotes 0% commissions on trades, appealing to cost-conscious traders.
- Provides educational resources alongside features like AutoPilot and a built-in wallet for greater user autonomy.
Cons
- No Volume Discounts: No cost savings for larger transactions.
- Limited Equity Trading: Fewer options for U.S. and European customers.
Uphold.com Review Details
Platforms
Restricted Countries
Australia
Canada
Cyprus
Czech Republic
France
United States