MKUPG ASSETS is a forex broker officially registered on June 23, 2022, primarily providing financial trading services in forex and cryptocurrencies to investors. The address of its headquarters has not been disclosed. The broker does not offer services in jurisdictions where it may violate local laws or regulations.
Corporate Registration and Regulatory Status:
The footer of the MKUPG ASSETS official website states, “MKUPG ASSETS (www.mkupgasset.com) is licensed by the Cyprus Securities and Exchange Commission with a CIF license number 105/12 and is regulated by the Belize International Financial Services Commission, license numbers IFSC/60/385/TC and IFSC/60/315 /AEM. The company is also registered in the United States corporate registry, with the registration number 21216603.” However, the Cyprus Securities and Exchange Commission (CySEC) has no record of a registered entity with the license number 105/12, and the Belize Financial Services Commission (FSC) also has no record of a registered entity with license numbers IFSC/60/385/TC and IFSC/60/315 /AEM. Since the broker has not disclosed the entity name and registered address of the business with registration number 21216603, it is impossible to verify its registration and regulatory information.
Furthermore, the corporate registration and regulatory information claimed on the broker's official website have been used by multiple fraudulent broker platforms, including xtbcryptotrading, BitPrimeOption, Cryptoresol, CrispFinances, cryptorangefxt, Elitesurefinace, mexcinvestment, Trust Income, PRIMAL-FX TRADING, CRYPTO BINARY TRADE, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, IBES TRADING FX, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, IBES TRADING FX, etc.
Account Opening:
To open an account with MKUPG ASSETS, visit the broker's official website and click on “GET STARTED” or “REGISTER” at the top right corner of the webpage to enter the account registration interface. Fill in and submit the account registration information form. Once the form is submitted, the account is successfully registered, and users can log in to their account to start trading.
Account Types:
MKUPG ASSETS offers investors four different types of trading plans: Basic Plan, Standard Plan, Platinum Plan, Silver Plan.
Basic Plan: This plan requires a deposit amount of $500 - $10,000, with a minimum profit of $575 and a maximum profit of up to $11,500. Investors can receive a 5% trading bonus, have access to all platform features, and can choose from over 75 different assets for trading. Withdrawal processing time is no more than 24 hours. The daily return rate is 5%, and the plan duration is 3 days.
Standard Plan: This plan requires a deposit amount of $10,000 - $25,000, with a minimum profit of $13,000 and a maximum profit of up to $32,500. Investors can receive up to a 5% trading bonus, have access to all platform features, and can choose from over 75 different assets for trading. Withdrawal processing time is no more than 24 hours. The daily return rate is 10%, and the plan duration is 3 days.
Platinum Plan: This plan requires a deposit amount of $25,000 - $40,000, with a minimum profit of $40,000 and a maximum profit of up to $64,000. Investors can receive up to a 5% trading bonus, have access to all platform features, and can choose from over 75 different assets for trading. Withdrawal processing time is no more than 24 hours. The daily return rate is 15%, and the plan duration is 4 days.
Silver Plan: This plan requires a deposit amount of $40,000 - $65,000, with a minimum profit of $80,000 and a maximum profit of up to $130,000. Investors can receive a 5% trading bonus, have access to all platform features, and can choose from over 75 different assets for trading. Withdrawal processing time is no more than 24 hours. The daily return rate is 20%, and the plan duration is 5 days.
Trading Platform:
The broker's official website does not mention the trading platform provided to users. However, during the registration process, it was discovered that the broker only offers a web-based proprietary trading platform.
Deposit and Withdrawal:
For deposits, MKUPG ASSETS supports using cryptocurrencies. For other payment methods, contact with a customer manager is required. For withdrawals, users can use Paypal, Bitcoin wallet, MoneyGram, Western Union, or direct withdrawal to the user's local bank account.
Summary:
Traderknows warns investors that MKUPG ASSETS, along with BitPrimeOption, Cryptoresol, CrispFinances, xtbcryptotrading, mexcinvestment, Elitesurefinace, cryptorangefxt, Trust Income, IBES TRADING FX, CRYPTO BINARY TRADE, Carlcent Metal Investment, BITFX INVESTMENT PLATFORM, PRIMAL-FX TRADING, PRIZZYBIZ FOREX COMPANY, SMART MIND ASSET, and IBES TRADING FX, are fraudulent broker platforms using the same fake corporate registration and regulatory information. Investors are advised to choose trading platforms that are transparent, strictly regulated, and have a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a “Ponzi Scheme” on Traderknows.
