Posted On 26th November 2024
Updated On 3rd December 2024
We’re excited to announce the latest updates to Upctox, effective December 1st 2024!
1. Introducing the Lite Account
We are introducing a new account type, Lite Account, tailored to investors who prefer lower entry points:
Lite Account Features
1. Minimum Investment Amount: 400,000 UGX.
2. Contract Duration: Flexible options ranging from 7 to 14 days.
3. Card Options: Limited to blue cards only.
4. Returns: Yields are competitive but slightly lower than Basic Accounts to align with reduced risk. ( 12.4% )
5. No Maintenance Fees: Lite accounts are exempt from monthly or annual maintenance charges.
6. Withdrawal Process: Similar to Basic Accounts, withdrawals are processed within standard timelines.
2. Updates to Premium Accounts
We’ve adjusted the features of Premium Accounts to enhance compliance with banking regulations and improve user experience:
1. Minimum Investment Amount: Increased from 1,000 UGX to 1,000,000 UGX.
2. Daily Trades: Investments are made daily, with trades executed over a 10-hour cycle.
3. Investment Range: From 1,000,000 UGX to 10,000,000 UGX (revised from the previous maximum of 50,000,000 UGX ensuring compliance with banking regulations.).
4. Maintenance Fees: Monthly and Annual Maintenance Fees Removed. Instead, a 20% charge will be applied to each executed trade.
3. Premium+ Accounts Remain Unaffected
All updates above do not apply to Premium+ Accounts, which continue to offer exclusive benefits and higher investment capacities.
These changes aim to streamline your investment experience while maintaining compliance with evolving banking standards. Thank you for your continued trust in Upctox!
For inquiries, feel free to contact support.
