Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
Moshiheya
Within 1 year

Could you break down the total trading costs involved when trading indices such as the US100 on Upbest?

Broker Issues
Upbest
Fees and Spreads
04-23
United States
WikiFX
Reply

As a seasoned trader, I always prioritize understanding the full cost structure before committing to any broker, especially for indices like the US100. With Upbest, I found that the available public details focus primarily on their regulatory status and user experiences, rather than providing a transparent, itemized breakdown of trading costs such as spreads, commissions, and other associated fees for trading indices. This lack of clarity is, for me, a significant concern because cost transparency plays a critical role in evaluating the true value and operational trustworthiness of a platform. What stands out is that Upbest is currently regulated in Hong Kong and deals in futures contracts, which may influence their cost structure compared to typical spot forex or CFD brokers. However, based on my cautious approach and looking at their current business score and some mixed user feedback, I would personally proceed very carefully—particularly since one user highlighted issues with platform-related bank cards and unresolved customer service concerns. For me, before trading indices like the US100, I would need to obtain direct confirmation regarding spreads, commissions per contract or lot, overnight financing rates, and any other hidden costs from official Upbest sources or customer support. Until I receive explicit, verifiable information, I remain cautious, as hidden or poorly disclosed fees can erode potential returns and introduce unnecessary risk. In summary, diligence and transparency are my priorities, and I would not trade indices on Upbest without a clear, comprehensive understanding of all costs involved.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com