What Is UpWealth Finances? | 7 Obvious Reasons to Skip it

What is UpWealth Finances? Is it a scam?

We found this UpWealth Finance when someone offered the investment opportunity saying that they were able to withdraw funds through their BTC wallet. Then we checked out the site and it seemed unsuspicious at first, but as I was writing this UpWealth Finances review I found out that one should always look for the littlest details before thinking about investing in anything.

What is Upwealth Finances What is 2

What is UpWealth Finances: The Review Summary

Product Name: UpWealth Finances

Owners: UpWealth FInances Ltd

Price: From $100 to $1,000,000

Rating: 3/100

Best For: None

Recommended: Not Recommended

What is UpWealth Finances  About: UpWealth Finances presents itself as an investment adviser under Apex Clearing Corporation as a broker.

Summary: Without any company registration it’s likely that they are just using Apex Clearing Corporation as a front to make it look like they are operating within regulations. There is great evidence that the company is operating without any registration.

What is UpWealth Finances About

Before we continue the story of how we found this seemingly well-intentioned investment advisory firm, let’s first take a look at the video that they have on the website that we initially associated with them.

Let me just point it out that investment advisers are legitimate professionals who provide client advice on which securities would be best for their customers, some even provide financial planning and some also offer managing investment portfolios. But even as they are considered legitimate professionals, they need to be licensed to conduct business just as every company that deals with financial and securities services.

From the video above and their website, we can infer that UpWealth Finances positions itself as a firm that conducts investment advising as is mentioned in the footer of their webpage.

what is upwealth finances footer of website

But just before we probe the details of their legitimacy, let’s go over a few things that we found in my investigation. And I’m telling you these were quite shocking.

More Details About UpWealth Finances

Website

Well, I found that the website was only created in July 2021! Now that’s quite a young business, right?

what is upwealth finances domain creation details

But on their website, they are claiming that they already have more than 80k investors and 8.9-13.7% annual returns…

what is upwealth finances website figures not real
Now we wonder if these figures are real?

But as with some new business, bloating tactics is quite typical to attract customers, while it’s not an honest way to do it, it’s really quite a normal thing especially for business websites.

So I tried to probe around the website and look for something else that we can go on with… so I tried to look at the address on their website and I found that the address actually points to WinCo Foods in Salem, Oregon! Now that’s suspicious right!

what is upwealth finances winco foods address

But that’s not all, I found a few other websites that I’m sure are related to this first website that we are investigating, details are below:

WebsiteAddressDate CreatedOffered Products
https://upwealthfinances.net/1260 Lancaster Dr SE, Salem, OR 97317, United States.July 2021NFP
Crypto
Real Estate
Stock
https://upwealthfinances.co/1234 North Luke Lane, Atlanta, Georgia 30341August 2021NFP
Cloud Mining (Crypto)
Real Estate
Stock

Now how was I able to conclude that they are the same company? It’s because they use the same logo, and footer details, but the offer on its products differ on the two websites. For example, here are the offers of the two websites for crypto investment:

what is upwealth finances crypto investment .net website
upwealthfinances.net offer

what is upwealth finances crypto investment ..co website
upwealthfinances.co offer

And now we wonder why they have two different websites when they use the same footer details except the address. You’ve seen the .net website’s footer details early in this article, here is the .co website’s version:

what is upwealth finances footer .co website

So for the next part of our investigation, we’ll look into the details mentioned in this footer.

Registrations

They did mention that their broker is Apex Clearing Corporation and for every investment opportunity it would be best to check if the broker is actually a legitimate one and should be registered in the financial institutions that govern it. And well, surprisingly, Apex Clearing Corporation checks out! Here’s a link to their details on FINRA and they also show up in results when you search for them in the SEC database. Sounds good right?

But then I also tried to look for the company details of UpWealth Finances Ltd. in Oregon and Georgia since they were addressed in those areas. And no they didn’t show up anywhere, I even looked into the business search function that covers the whole US and NOTHING SHOWED UP.

Now, what does this mean for us? Is UpWealth Finances a scam then?

Well, I tried to look for information about whether investment advisers really need a specific or certain registration or if it’s alright if they are not registered, just to make sure of anything we missed, and here’s what I found:

what is upwealth finances SEC registration needed
Source: SEC

I did confirm it on Investor.gov and found an article that mentioned that investment advisers indeed SHOULD BE REGISTERED on SEC or state securities authorities:

what is upwealth finances article from investor.gov

Now we can’t find any company registration of UpWealth Finance… what more of their SEC registration right? But just to confirm I did search for them on databases, and nope, it’s not mentioned anywhere.

What does UpWealth Finances Offer?

UpWealth Finances offers investment choices that are customizable according to the clients’ preferred strategy and budget. Sincew it has two websites that offers different packages for their products let’s put them into one table:

ProductOffered version in upwealthfinances.netOffered version in upwealthfinances.co
Non-Farming Payroll (NFP)Starting from $5,000
Fixed interests every month
✔ Payout on each closing session
✔ No tax deductions
✔ Pull-back traded stragegy
10% Weekly
Minimum of $ 5,000
Payout on each closing session
No tax deductions
Pull-back traded strategy
Cryptocurrency/Cloud MiningCrypto Investment
Min: $100.00
Max: $1,000.00
✔ Fixed interest up to 3% daily interest
✔ Financial planning session
✔ No tax deductions
✔ Automated Fund Allocation

Crypto VIP I
Min: $1000.00
Max: $10,000.00
✔ Fixed interest up to 5% daily interest
✔ Financial planning session
✔ No tax deductions
✔ Automated Fund Allocation

Crypto VIP II
Min: $10,000.00
Max: $100,000.00
✔ Fixed interest up to 15% daily interest
✔ Financial planning session
✔ No tax deductions
✔ Automated Fund Allocation

INNOSILICON T3+ .53TH/S
3% After 7 days
Min: $200.00 – Max: $10,000
 Fixed 3% daily interest
 Financial planning session
 No tax deductions
 Automated Fund Allocation

CANAAN AVALONMINER 1066. 50TH/S
7% After14 days
Min: $10,100.00 – Max: $40,000
 Fixed 7% daily interest
 Financial planning session
 No tax deductions
 Automated Fund Allocation

MICROBT M31S. 74TH/S
5% Weekly for 1-3-6 Months
Min: $40,100.00 – Max: $100,000
 Fixed interest up of 5% daily
 Financial planning session
 No tax deductions
 Automated Fund Allocation

BITMAN T19, 84TH/S BTC, GOLD & OTHER ASSETS
10% Weekly/Monthly for 6-12 Months
Min: $100,100.00 – Max: $500,000
 Fixed 10% daily Interest
 Financial planning session
 No tax deductions
 Automated Fund Allocation
Real Estate Real Estate Investment
Min: $10,0000
Max: $1,000,000
✔ Fixed interest up to 30% weekly
✔ Financial planning session
✔ No tax deductions
✔ Automated Fund Allocation
RESIDENTIAL REAL ESTATE
10% Monthly for 1 – 1.6mts – 2 YearsMin: $10,000.00 – Max: $50,000
 Fixed interest up to 10% Monthly
 Financial planning session
 No tax deductions
 Automated Fund Allocation

COMMERCIAL REAL ESTATE
15% Monthly for 1 – 1.6mts – 2 YearsMin: $60,000.00 – Max: $100,000
 Fixed interest up to 15% Monthly
 Financial planning session
 No tax deductions
 Automated Fund Allocation

INDUSTRIAL REAL ESTATE

25% Monthly for 1 – 1.6mts – 2 YearsMin $100,100 – Max $500,000
 Fixed interest up to 25% Monthly
 Financial planning session
 No tax deductions
 Automated Fund Allocation
StockCORE
$1000 – $30,000
20% weekly interest
Everything you need to invest like an expert
✔ Personalized portfolio
✔ Auto-rebalancing
✔ Dividend reinvesting

Advanced
$30,000 – $60,000
25% weekly interest
Everything you need to invest like an expert
☑ All core features +
✔ Financial planning session
✔ Tax lost harvesting
✔ Tax efficient funds

Premium
$60,000 – $100,000
30% weekly interest
Everything you need to invest like an expert
☑ All advanced features +
✔ Dedicated team of advisers
✔ Personal investment report
✔ Asset allocation

CORE
5% Weekly
Min $1000 – Max $30,000
 Everything you need to invest like an expert
 Personalized portfolio
 Auto-rebalancing
 Dividend reinvesting
 Account support

ADVANCED
10% Weekly
Min $30,000 – Max $60,000
 Everything you need to invest like an expert
All core features +
 Financial planning session
 Tax lost harvesting
 Tax efficient funds

PREMIUM
15% Weekly
Min $60,000 – Max $100,000
 Everything you need to invest like an expert
 All advanced features +
 Dedicated team of advisers
 Personal investment report
 Asset allocation

It’s very curious and I’d love to know why they offered different packages for their products… are they really the same website or organisation?

How Does UpWealth Finances Work?

According to their websites, you can invest through them through these steps:

what is upwealth finances steps to register and avail products

Well, this is actually how it goes when you decide to invest in something. But would you want to invest in an unregulated website? If you do then you should know that when you are knowingly investing in an unregulated company you’re willingly giving up your rights to any dispute or consumer protection cause they decided to run away with your money.

Refund

There were no Terms of Service or any Refund Policy mentioned on their website so it could likely mean that there is no refund or anything to your investment.

Can You Really Make Money Through UpWealth Finances?

If UpWealth Finance is actually a real investment adviser then it’s most likely that your funds are in good hands and you can really profit through your long-term or short-term investment. But since they are not a registered company using the name of Apex Clearing Corporation as their “broker” then there’s no guarantee that you can make money through UpWealth Finances.

There seems to be an incentive to try to recruit people into UpWealth Finances.

Here’s what happened to John:

John was approached by a stranger who tried to personally recruit him into this scheme. She found John on a crypto Telegram group apparently and he started getting a whole pile of messages from this stranger. John asked a few questions, received a bunch of screenshots and persistent follow up trying to recruit him into UpWealth Finances, specifically to invest in them.

John asked her what the benefit was to her and why she kept sending me (a person she doesn’t even know) so many messages.
This is what she said:

I got 5% referral bonus from the company once I refer a friend of mine once they deposit with my referral link

That’s my benefit and I have earned alot from it

Velma from Telegram

I don’t know about you but I don’t feel comfortable when I feel I am being “recruited” by someone when they obviously receive benefits from this recruitment. Then I shudder at the thought of me having to do the same to other people. I mean, sending messages to the people you know asking then to invest money into this scheme. Worse still, approaching people you don’t even know in investment/crypto groups and trying to recruit them! This was the first red flag. It’s just so weird and made John uncomfortable and suspicious.

Would you feel comfortable trying to recruit other people into UpWealth Finances?

How Much Does It Cost to Join UpWealth Finances?

When I compared all the investment offer on their website I found that the minimum investment they have is under their Crypto investment is $100 and the maximum is $1,000,000 for a real estate investment.

7 Obvious Reasons to Skip UpWealth Finances

  1. They don’t have Terms of Services and Privacy Policy which risks your funds and your personal information
  2. They have two websites which are under different addresses
  3. Even as they have two addresses, their company, UpWealth Finances Ltd. is not registered anywhere or anywhere in the USA
  4. They are merely using the name of Apex Clearing Corporation as it is a registered broker
  5. One of their websites’ address is actually a WinCo Foods location
  6. Licensed and registered financial firms doesn’t require clients to use digital wallets or assets to invest
  7. Legitimate professionals will never give out unsolicited offers

What is UpWealth Finances [Is UpWealth Finances a Scam?]

Just to be fully transparent with you, I am not an affiliate or investor of UpWealth Finances myself and I do not endorse it in any way.

I have researched the website, testimonials, and information on the Internet to get to the bottom of what UpWealth Finances genuinely does. This is because I have been burnt from programs just like this in the past and I want to prevent others from making the same mistakes. If you’d like to learn Ways to Avoid Online Scams then click the highlighted text. 

Before I give out my view about UpWealth Finances, here is a part of an article in the Securities and Exchange Commission on how to spot fraudsters posing as brokers:

what is upwealth finances SEC watch out for red flags

Here is the transaction shown by someone recruiting us in it, it’s an email about a BTC withdrawal (I omitted some personal details)…

what is upwealth finances email of a user withdrawing BTC

Do remember that SEC warned previously that digital assets and wallets are not needed…plus add the fact that we uncovered that it’s an unregistered company using a registered broker as their front…

It’s actually for you to answer, is UpWealth Finances a scam?

Pros and Cons of UpWealth Finances

UpWealth Finances Pros

None

UpWealth Finances Cons

  • A user showed that their withdrawal was through their digital wallet which is one of the red flags mentioned by SEC
  • It’s an unregistered company
  • It’s only using the name of Apex Clearing Corporation (a legitimate registered broker)
  • Websites were only created this year, the business is therefore new.

Final Verdict – What is UpWealth Finances? Is UpWealth Finances a Scam?

A quick take of this UpWealth Finances review: I don’t recommend investing in any of UpWealth Finances offers even if it’s as small as $100 because it’s an unregistered company using the name of a registered broker. There is no sense in risking your hard-earned money in something that is glaringly a probable fraud.

Up until there is actual and verifiable proof of the registration of UpWealth Finances under SEC, FINRA and the State they are under in, is the only way that we’d re-evaluate our stance that UpWealth Finances is a probable scam.

How I Make a Passive Income Online

People would love to have an all-winning portfolio in trading. But the harsh truth is, it’s rarely the reality.

In stocks, ForEx, and cryptocurrency trading, there is a very big chance that the money you may put in could be washed out. There is no guarantee, so whenever an investment opportunity presents itself and mentions that they are a 100% profit and no losses, beware.

While trading could be a profitable passive income, it’s a venture that requires discipline, dedication and financial resources. I suggest that while you’re still learning the ropes of trading, find profitable investments that are sustainable in the long run.

I’ve been trading for years now and I don’t do it full time! I make sure that I have other income-generating ventures so I can fund my experiential learning.

I find affiliate marketing as one of the most flexible passive income opportunities like trading because:
1. You can do it in your own time
2. You learn different things by doing it
3. No deadlines to beat

It’s a bonus that I was able to find the Wealthy Affiliate community from which I learned tons of things that I wouldn’t have learned on my own! If you’re looking into partnering with brands and companies that pique your interest, you can click below so John can guide you on the FREE TO START community. You’ll see what more they can offer, what you can learn inside and get a feel of the tools that you may use if you plan to tread the path of being an affiliate marketer!

No pressure. If you happen to like it, you can always avail of the Premium which is just $49/month! If you want to read more about Wealthy Affiliate here’s a comprehensive review about it.

You can click below and let John guide you with personal mentoring and whatever help you need!

What is Upwealth Finances Dream Life Lifestyle


Louee Gonzales Author

Louee Gonzales has been a content specialist for 4 years now. She has been enjoying writing investigative articles for EFYL. If she’s not writing, she’s either painting or traveling somewhere fun.

She has a degree in Psychology, and quick fact: she can’t read your mind. She has authored articles on the School of Positive Transformation.

UpWealth Finances

$100 to $1,000,000
0.4

Credibility

0.1/10

Income Opportunity

0.5/10

Reliability

0.1/10

Price

0.1/10

Business Model

1.0/10

Pros

  • None

Cons

  • A user showed that their withdrawal was through their digital wallet which is one of the red flags mentioned by SEC
  • It's an unregistered company
  • It's only using the name of Apex Clearing Corporation (a legitimate registered broker)
  • Websites were only created this year, the business is therefore new.

24 thoughts on “What Is UpWealth Finances? | 7 Obvious Reasons to Skip it”

  1. Hello John,

    No problem about moving my referral link and my apologies for putting that there. At the moment, I don’t have any referrals and not really working hard to refer anyone at the moment. I have been actively investing and I looking forward to making a larger withdrawal in another 4 months as this is a long-term investment. As soon as I make that large withdrawal and become successful at that I will be happy to share it on this site.

    Reply
    • Thank you for asking Denise,
      I was approached by a stranger who tried to personally recruit me into this scheme. She claims to have found me on a crypto Telegram group (it was Sphynx token trading group as I own this called “Sphynx BSC Community”). Then I started getting a whole pile of messages from this stranger. I asked a few questions, received a bunch of screenshots and persistent follow up trying to recruit me into UpWealth Finances, specifically to invest in them.

      My red flag alarm bells were on with this persistent recruitment efforts. What is your experience with UpWealth Finances?

      Reply
    • Denise, I heard about upwealth through telegram is this true about the $1300 certificate insurance payment before withdrawal. What was the amount that you actively tried to withdraw before seeing that meaasage?

      Reply
    • Thanks for reading my Honest UpWealth Finances review Denise.
      This is a concern. Can you please send a screenshot of the request or screen where UpWealth Finances asks you to pay $1,300 for a Certificate of Insurance for withdrawal. Do you know why they are asking such a high amount from members to simply withdraw their own money?
      Please email this screenshot to john@earnfromyourlaptop.com

      Thanks in advance, John

      Reply
  2. Thank you for being such a diligent watchdog over our money-matters.
    To an uneducated in this investment, crypto and bitcoin maze it is refreshing to find your well informed review site. The way you detailed all the information is reassuring and makes one feel safe in knowing what to pay attention to in future.
    The physiological trick to show physical money in a presentation is a big red light to me. Desperate people will fall for that trick and indefinably lose their money.
    Thank you for caring!

    Reply
    • He Estelle,
      Thanks for taking the time to read my honest UpWealth Finances review.
      Yes it is common for any money making scheme to use physical money and other imagery to play to peoples emotions. Many people who look into schemes like this often have a “money problem” and the easy profits/push button systems and all the marketers selling these products and “opportunities” know this. They also know that there are always people coming into this market so its an evergreen market to them.

      We do thorough reviews on this website so people can learn what is UpWealth Finances all about and for anything we review.

      The red flags were alarming on UpWealth Finances and I appreciate your support and that it helped you make the right decision for you.

      Reply
    • Happy holidays to all and thank you for the this useful info. I will continue to do my due diligence in investigating fraud.

      Reply
  3. Hi John,
    I had not heard of this company, UpWealth Finances. But, I am glad I ran into your review before I found them on my own! I have been thinking about investing in some crypto currency, and now I know I better research them first. Why would any company want to post fake addresses?

    I can only assume that it is a scam?

    Personally, I would not invest with anyone that is not registered with the SEC. To me, that is a company that is trying to hide something.

    There are just too many red flags with this outfit for me to risk investing any money.

    Thank you for giving us all a heads up on this company!

    Reply
    • Hi Chas,
      Thank you for taking the time to read my honest UpWealth Finances review.
      I was approached by a stranger who tried to personally recruit me into this scheme. She found me on a crypto Telegram group apparently and I started getting a whole pile of messages from this stranger. I asked a few questions, received a bunch of screenshots and persistent follow up trying to recruit me into UpWealth Finances, specifically to invest in them.
      I asked her what the benefit was to her and why she kept sending me (a person she doesn’t even know) so many messages.
      This is what she said:
      “I got 5% referral bonus from the company once I refer a friend of mine once they deposit with my referral link
      That’s my benefit and I have earned alot from it”

      I don’t know about you but I don’t feel comfortable when I feel I am being “recruited” by someone when they obviously receive benefits from this recruitment. Then I shudder at the thought of me having to do the same to other people. I mean, sending messages to the people you know asking then to invest money into this scheme! Worse still, approaching people you don’t even know in investment/crypto groups and trying to recruit them! This was the first red flag. It’s just so weird and made me uncomfortable and suspicious.

      However to be fair I we did a lot of due diligence in this UpWealth Finances review to get to the bottom of what UpWealth Finances is about. So we put a lot of time and effort to uncover everything about UpWealth Finances.
      Now with your review of UpWealth Finances, its good to hear that you also share concerns about the fake addresses, lack of registration with SEC, therefore assuming UpWealth Finances. There are very valid concerns you raise.

      Now you can see why we gave this one 3/100, given that UpWealth Finances has a lot of red flags that could be too kind on them.

      When we started looking we found a lot of red flags and have fully documented them in this UpWealth Finances review to help readers make a fully informed decision. It was just one major concern after another. The more we looked, the more UpWealth Finances concerns there were.
      Especially the lack of registration with SEC, fake addresses and website only being created in July 2021. Then whenever I see an “opportunity” operating under multiple names, huge questions around their lack of registrations… I encourage people to run far away from anything like this.

      I won’t be putting any money into UpWealth Finances and hope to help all readers make the right decision for themselves.

      So I would much rather build a real online business that helps people than this high risk product. Fact based, proven since 2005 and a lot more quality (Training, tools, mentoring, community & support) and for reasonable pricing. This is why I recommend this over all others. Also, there is no need for any credit card information to create a free account to see if it suits your style.
      Hope to see you on this inside, John

      Reply
    • Thanks for sharing your thoughts Rahsahn,
      I see you left multiple comments, some are repeat comments. I have approved all your comments (except the one about withdrawal was a duplicate comment)
      Can I ask please, when you posted the first 2 comments below you have left the website upwealthfinances.net as your URL but the later two comments you have left your UpWealth Finances referral code (affiliate link). Are you an affiliate of Upwealth Finances?
      What is your role exactly and how much money have you made with Upwealth Finances so far?

      Reply
  4. I registered to upwealthfinances, invested $100 and I did a withdrawal test after a couple of weeks. After that, I found the funds deposited into my wallet

    Reply
    • I will be making a few withdrawal tests from time to time as my account grows.

      I’m also willing to chat more about my transactions as time goes.

      Thanks.

      Reply
      • Thanks for sharing your thoughts Rahsahn,
        I see you left multiple comments, some are repeat comments.
        Also when you posted the first 2 comments you have left the website upwealthfinances.net as your URL but later two comments you have left your UpWealth Finances referral code (affiliate link). Are you an affiliate of Upwealth Finances?
        What is your role exactly and how much money have you made with Upwealth Finances so far?

        Reply
        • Hello John, yes the reason why I left multiple comments the first time is because the comment page comes up blank when I click on the page. So I have to comment in order to see my previous comments, and thats when I came across yours.

          To answer your question I have been actively investing for almost 3 weeks now. I have made a small withdrawal of $30 just to see if I was able to, and I was successful at that. My next test is to try and withdraw larger amounts after reinvesting every month.

          Anyone who is registered with UpWealth Finances (UPF) are offered referral codes to refer clients.

          Reply
          • OK Rahsahn,
            Thanks for the update!
            I removed your referral code in posting your comments on my blog.
            May I ask, what has been your preferred ways of recruiting people so far?

            I was attempted to be recruited on Telegram by a stranger.
            She claimed “I got 5% referral bonus from the company once I refer a friend of mine once they deposit with my referral link
            That’s my benefit and I have earned alot from it”
            So that’s when I decided to do a deep dive look into UpWealth Finances to find out everything about them before investing.

          • How did you hear about upwealth and what social media group are you on? Telegram or Facebook and how many people in your group?

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