Upway

Upway, operating under the brand name 金荣中国 (Jinrong China) at jrjr.hk, is a Hong Kong-based precious metals broker founded in 2017. The company provides retail leveraged trading in gold and silver CFDs, positioning itself as a global precious metals investment platform with a focus on Asian clients. Its official address is Unit 03C, 16/F, Tower 2, Nina Tower in Tsuen Wan, New Territories.

Upway is regulated by the Hong Kong Gold Exchange (HKGX) for precious metals trading. It holds an AA class membership (No. 084), the highest tier, and is also a registered refiner and approved bar manufacturer. This regulatory framework covers its core offerings of spot gold and silver. However, the company does not hold additional licenses for forex or other asset classes, and its oversight is specific to the precious metals sector.

The broker offers two main account categories: Standard and VIP, with nine VIP sub-levels (0 to 8). The Standard account has no commission, a minimum deposit of $70, and spreads from $50 per lot. VIP accounts provide tighter spreads (from $20 per lot), higher trade limits (up to 50 lots), cash rebates, and other perks like birthday gifts, negative balance protection, and monthly bonuses. VIP status is achieved through accumulating deposits or trading volume. The account system is designed to incentivise higher-volume traders with progressively better conditions.

Traders can access Upway's services via MetaTrader 5 (MT5) and cTrader, two popular third-party platforms known for advanced charting, automated trading, and fast execution. MT5 supports up to 100 charts, 80+ indicators, and multiple order types, while cTrader offers direct market access to liquidity providers. The broker also provides a proprietary mobile app and a web-based platform. All platforms are available for free on desktop and mobile devices, with demo accounts for practice.

Upway specializes in precious metal CFD trading, including spot gold (XAU/USD) and spot silver (XAG/USD). These instruments are traded in US dollars and allow leverage, short selling, and 24-hour trading during market hours. The broker does not offer forex, indices, or crypto CFDs based on its website. Residents of the United States, Belgium, and Canada are prohibited from opening accounts due to regulatory restrictions.

The broker claims to support 23 deposit methods, including international bank transfers and a fast Chinese yuan channel. Minimum deposit is $70, and deposits are processed within 15 minutes with no fees. Withdrawals are generally free if conditions are met, with VIP users receiving up to 5 free withdrawals per month. Processing time averages 1 business day. The broker operates a 'Jinrong Wallet' system that separates user funds from trading accounts, with bank-level encryption and Anti-Money Laundering (AML) controls.

Upway primarily targets retail investors in Asia, especially those interested in gold and silver trading. Its account structure and bonus programs appeal to both beginners and high-volume traders. However, its single-asset-class focus and high-leverage products make it less suitable for diversifying portfolios or for risk-averse investors.