Is Upscaleminers a scam? Based on its regulatory footprint, withdrawal behaviour and corporate transparency, our verdict is clear — and concerning. Here is the full review.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Upscaleminers?
Upscaleminers markets itself as an online trading and investment service. Its public site is presented at https://www.upscaleminers.com/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.
Is Upscaleminers regulated?
We could find no evidence that Upscaleminers holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Unrealistic profit claims and pressure to deposit more
- Offshore or shell-company registration used to avoid oversight
- No credible physical address or verifiable corporate record
- Aggressive “account managers” coaching clients to deposit
- No verifiable licence from a recognised financial regulator
Our analysis
Upscaleminers claims to be registered under the UK Companies House (CH). We searched by the company number 11733993 but found a mismatch for one company BASE BITS LIMITED which had a different company name and registered office address than Upscaleminers, when we searched by company name Upscaleminers there were no results. It is crucial to note that having registration with the CH does not mean being authorized to provide financial services. To operate as this type of broker in the UK, a company must be regulated by the United Kingdom Financial Conduct Authority (UK FCA), but our search for Upscaleminers in the FCA register didn't yield any results. The truth is that Upscaleminers is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Upscaleminers is a scam.
Can you recover money lost to Upscaleminers?
If you have deposited with Upscaleminers, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Upscaleminers?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.