Reported as a scam / unregulated
Why Upscaleminers is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.