Upway

Upway, operating under the Chinese name 金荣中国 (Jinrong China), is a Hong Kong-based brokerage founded on September 19, 2017. The broker specializes in precious metals CFD trading, offering leveraged contracts on gold and silver. Its official domain is jrjr.hk, and its registered address is Unit 03C, 16/F, Tower 2, Nina Tower, 8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong.

The company is regulated by the Hong Kong Gold Exchange (HKGX) as an AA class member (number 084), which is the highest tier of membership. This regulatory status allows it to trade a wide range of precious metal products in both electronic and physical markets. The broker also holds a registered refiner and approved refiner certificate from HKGX.

Upway is regulated by HKGX, a self-regulatory organization for precious metals trading in Hong Kong. The broker claims to strictly comply with Hong Kong financial regulations and industry standards. However, traders should note that HKGX regulation is not equivalent to oversight by a government financial regulator like the Securities and Futures Commission (SFC). The broker's FXCanary Scam Risk Score is 38/100, indicating a guarded level of risk.

The broker maintains an active social media presence on Facebook, Instagram, LinkedIn, and YouTube. It does not accept clients from the United States, Belgium, or Canada. The registered address is in Tsuen Wan, Hong Kong, and the company has been operating since 2003 under the name JRJR, according to its own description.

Upway offers a tiered account structure with two primary categories: Standard and VIP. The Standard Account requires a minimum trade size of $20 per lot with a spread of $50. VIP accounts have multiple sub-tiers (VIP 0 to VIP 8) that offer progressively lower spreads and additional benefits such as cash rebates, upgrade bonuses, and monthly red packets. All accounts claim zero commission on trades.

The minimum deposit for VIP accounts is not explicitly stated, but the Standard account appears to have no set minimum deposit beyond the per-lot requirement. The broker's promotional material highlights a 150% super bonus for new users, with examples of $200 deposit receiving $300 bonus and $20,000 deposit receiving $30,000 bonus.

The broker provides access to MetaTrader 5 (MT5) and its proprietary CTOTrader platform. MT5 is a widely used multi-asset platform offering advanced charting, automated trading via Expert Advisors, and support for various order types. CTOTrader is described as a high-performance system with direct connectivity to London for fast execution and tier-1 liquidity.

The trading instruments are limited to precious metals CFDs, specifically spot gold and spot silver. The broker offers both standard and VIP account tiers with varying spreads and conditions. Leverage is not explicitly stated but is inherent in CFD products.

Upway supports 23 deposit and withdrawal methods, including international bank transfers and RMB fast channels. The minimum deposit is $70, with deposits typically credited within 15 minutes. Withdrawals are processed within one business day and are free for clients meeting certain conditions. The broker's proprietary 'Jinrong Wallet' system features bank-level fund segregation, biometric authentication, SSL encryption, and AML controls.

Customer support is available 24/7 via phone (+852 2355 7866), email (support@jrjr.com), and online chat. The company also provides educational resources through its 'Investment Academy' with articles and FAQs. The broker's target audience appears to be Asian retail investors interested in precious metals trading.