Warning: Is Upbenny a Scam?

Is Upbenny (upbenny.com) a Scam?

Our team advise you to stay away from Upbenny (upbenny.com).

Upbenny claims to be a trading provider, but it is currently unregulated by any credible commission, like the ASIC or CySEC.

Money Stuck in Upbenny?

If you think you were tricked by Upbenny, act immediately. Fill out the inquiry below to consult our investigative team for a free assessment.

Is Upbenny Safe?

Our check shows that Upbenny lacks a valid license.

Investing with unregulated firms is extremely unsafe. Real firms are must be licensed with bodies like the FCA, CySEC, or CFTC for your protection.

Upbenny lacks this protection. This means there is no legal recourse if they keep your money. Many investment fraud use unregulated actors, and recovering money from them is challenging without expert assistance.

For example, in Europe, unauthorized firms are outside the jurisdiction of the Financial Ombudsman. In the US, they are not members of SIPC, meaning your money is completely exposed.

Warning Signs of Upbenny

Investment fraud is evolving. Fraudsters use social engineering to steal your savings. Below are typical tactics used by brokers like Upbenny (upbenny.com).

Pig Butchering & Romance Scams

The "Romance Scam" is a cruel tactic where scammers build trust over months. They fake a friendship on social media. Once trust is built, they mention a "lucrative" crypto opportunity. It's a trap to lure you onto a scam site .

Rigged Platforms

Scammers create websites that mimic legit trading apps. You see graphs and balances that increase. But it is a fake. The broker controls the prices to make you feel rich so you invest more. If you ask for a payout, the "profits" disappear.

Other Warning Signs

• Cold Calling: You get calls from "brokers" out of the blue.
• Unregulated: The company has no legal registration.
• High Returns: They guarantee huge profits with no risk.
• Withdrawal Issues: You cannot get your money out. They demand "tax fees" first.
• Pressure Tactics: "Account managers" push you to deposit more.

Do not trust fake reviews. Scammers frequently write their own 5-star comments to look legitimate.

Verdict

Upbenny is unsafe. It is likely a scam. Save your funds and use a regulated broker. Avoid upbenny.com at all costs.