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Does Upbest charge a commission per lot on their ECN or raw spread accounts?

Broker Issues
Upbest
Fees and Spreads
01-08
United States
WikiFX
Reply

Based on my thorough review of Upbest, I was unable to find any detailed information regarding whether Upbest charges a commission per lot on their ECN or raw spread accounts. From my experience as a forex trader, transparency over trading costs—particularly commissions on ECN or raw spread accounts—is vital for making informed decisions and for effective risk management. With Upbest, while some users have described the platform as user-friendly and responsive, there is a noticeable lack of specific, published details about their account types, fee structures, and commissions per lot. I noticed that Upbest operates under SFC regulation in Hong Kong and focuses on futures contracts, but their business scope and available instruments seem somewhat ambiguous, as does their overall business transparency. Furthermore, the platform has attracted mixed user feedback: some traders reported helpful customer service, but others expressed serious concerns about account safety and withdrawal issues. I personally find the absence of clear commission disclosures concerning, as it makes it difficult for me—or any trader—to fully assess the true cost of trading with them. Given these uncertainties, I would strongly advise anyone to directly contact Upbest’s customer service for up-to-date, written clarification on their commission structure before considering trading with them. For me, this lack of clarity raises a red flag, and I would proceed with caution.

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