FirstBit vs UPPERTRADE
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safety & Trust
Scam-risk scoreⓘ lower = safer
75
75
Verdict
Severe
Severe
Regulatedⓘ
No
No
Licenses
0
0
Tier-1 regulatorsⓘ
0
0
Trustpilot score
1.5
✓2.9
Reviews collected
✓34
6
Exit riskⓘ lower = safer
—
—
Known clonesⓘ
0
0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
✓$1
$250
Max leverage
1:40
1:100
Min spread (best acct)
—
from 0.5
Commission
—
—
Cost grade
—
—
Account types
✓6
4
Best for
Suits
—
Traders willing to accept high risk for potentially high leverage, Experienced traders who can manage uncollateralized exposure
Not for
any retail trader, beginners trusting online ads, anyone without the ability to lose their full deposit
Risk-averse traders seeking regulatory protection, Beginners unfamiliar with unregulated brokers, Traders requiring reliable access to MT5
Products & Funding
Instruments
--
--
Deposit methods
--
--
Withdrawal
--
--
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2020-12-15
2021-11-12
Headquarters
Dominica
Dominica
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.