Upway

Upway, trading under the brand name Jinrong China, was founded in Hong Kong on 19 September 2017. The company operates from its registered address at Unit 03C, 16/F, Tower 2, Nina Tower, 8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong. It describes itself as a regulated service provider of premier brokerage and financial services, with a legacy dating back to 2003 under the JRJR group. The broker focuses on precious metals trading, specifically offering gold and silver CFDs to global clients. Residents of the United States, Belgium, and Canada are not accepted.

Upway/Jinrong China is regulated by the Hong Kong Gold Exchange (HKGX) under a Precious Metals Trading licence (AGN). According to the broker's website, it holds the highest 'AA' class membership (No. 084) and is recognized as a registered refiner and an approved delivery bar refiner by the HKGX. This regulatory framework applies specifically to precious metals trading in the Hong Kong market. However, it is important to note that HKGX is not a financial services regulator for retail forex or CFDs in the traditional sense, and the licence does not cover other asset classes. Our FXCanary Scam Risk Score for this broker is 38 out of 100, indicating a 'Guarded' level of caution.

The broker primarily offers CFD trading on spot gold and spot silver. According to its website, clients can trade these products through a single account. The broker does not mention forex currency pairs, indices, commodities beyond precious metals, or cryptocurrencies as trading instruments. The leverage and margin requirements are not explicitly stated on the site, but the standard account lists a spread of $50 per lot for gold/silver trades.

Upway provides a tiered account structure consisting of a Standard account and eight VIP tiers (VIP 0 to VIP 8). The Standard account requires a minimum deposit of $70 and offers a spread of $50 per lot, with no commission. VIP accounts are designed for higher volume traders, offering lower spreads (starting at $20 per lot for VIP 0), rebates per hand, upgrade bonuses, and monthly cash red packets.

All accounts allow trading from 0.01 to 20 lots (Standard) or up to 50 lots (VIP). The broker also offers a demo account for practice. Negative balance protection is mentioned for some VIP tiers.

Clients can trade using MetaTrader 5 (MT5), CTOTrader, or a proprietary mobile app. MT5 is the most widely recognized platform, offering advanced charting, technical indicators, and automated trading through Expert Advisors. CTOTrader is promoted as a proprietary system with direct market access to London liquidity, suitable for fast execution. The mobile app is available for both iOS and Android. All platforms are offered for free download on the broker's website.

The broker's Jinkong Wallet system facilitates deposits and withdrawals. The minimum deposit is $70, with over 20 payment methods supported, including international bank cards and local RMB channels. Deposits are free and typically processed within 15 minutes. Withdrawals are free for all clients who meet certain conditions (e.g., VIP users get five free withdrawals per month), with an average processing time of one business day. The website emphasizes that funds are held in segregated accounts and that the platform uses SSL encryption, two-factor authentication, and KYC/AML procedures to protect client assets.

The broker provides 24/7 customer support via phone (+852 2355 7866), email (support@jrjr.com), and live chat on its website. The support team is available in multiple languages, reflecting its international clientele. The website also includes an 'Investment Academy' section with trading guides, FAQs, and educational articles covering topics such as platform usage and trading strategies.