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UPFX -

Score

3.31 /10
Danger

UPFX

United States

2-5 years

Regulated in Australia

Investment Advisory License

Suspicious Overrun

High potential risk

https://upfxtrade.com

Influence

C

Add brokers

Comparison

Quantity 6

Exposure

Time Machine
Website

Score

Regulatory Index3.05

Business Index6.78

Risk Management Index0.00

Software Index4.00

License Index3.05

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Ultimate Pinnacle Limited

Company Abbreviation

UPFX

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-12-22
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by Australia ASIC(license number: 224485)Investment Advisory Licence Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

6 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

broker penipu

scammmmmmmmmmmmpenipu lieeeeer broker my account not exist no reason be aware cannt log in any reason bad broker ,bad cs service, my email no reply until now

2021-12-01 07:17
Scam

Fraud broker!

UPFX tries to mislead investors into thinking it is a legitimate brokerage. Viewing its homepage, the broker claims to be a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively "Ultimate Pinnacle") under registration number 173474 and having its registered address in Belize City, but we can't find any results in the registers of Belize's International Financial Services Commission (IFSC). Here lies a reality -- UPFX isn't regulated by Belize IFSC and therefore, none of this is true.

2021-12-30 12:06
Severe Slippage

Junk fraud platform

I told you that I was looking for a professional trader, but sl/tp will not set during trade. I knew that the position would be liquidated but it would not be a loss, so I put 445usd in the liquidation for him. There was no profit at all for more than two months. I'm running out of money! Don't come out and do hosting if you don't have the skills. It's really bad. It's so bad. They also promote how good their platform is on various social software. Post all kinds of good-looking records to deceive people.

2022-08-24 15:00
Unable to Withdraw

The number system hasn't been updated for weeks. Can't withdraw money.

There is a balance in mt5 but the balance in the system does not appear. Can't withdraw money. I contacted the management but they were silent. Whoever wants to deposit money with this broker, think carefully. You may not be able to withdraw money again. Including my friends who trade, there are about 10 people who have the same problem. (As far as I know)

2024-02-07 10:40
Unable to Withdraw

I have withdrew money from April 17th! But today I only got 72 US dollars!! If this is not a scam, what is it?

Please ask the police or relevant personnel to conduct an in-depth investigation! Investigate this Ultimate Pinnacle! It is a scam! How long has it been? Can you open a company but not withdraw this small amount of money? ?

2024-06-12 19:13
Unable to Withdraw

issue with withdrawal from UPFX

I hope this email finds you well. I am writing to report an issue I am experiencing with UPFX, and I kindly request your assistance in resolving this matter. I have been a client of UPFX for 1 year 2 months, and I am currently facing difficulties with withdrawing my funds from my account. Despite multiple attempts to initiate withdrawals, I have not been successful in accessing my funds. Here are the details of my account with UPFX: * Name on Account: Celine Ting * Account Number: 500642 * Date of Account Opening: 21.02.2023 * Amount of Funds Unable to Withdraw: $8063.78 I have diligently followed all withdrawal procedures outlined by UPFX, including submitting necessary documentation and complying with any verification requirements. However, despite my efforts, I have not received any satisfactory resolution from UPFX's customer support team. Attached to this email, please find copies of relevant correspondence with UPFX, including withdrawal requests and any responses received. I believe this issue warrants investigation, as it may indicate potential misconduct or irregularities on the part of UPFX. I appreciate your attention to this urgent issue and look forward to your prompt response. Please do not hesitate to contact me if you require any further information or clarification.

2024-04-11 03:24
UPFX · Company summary
UPFXReview Summary
Founded2020
Registered Country/RegionUnited States
RegulationASIC (Exceeded)
Market InstrumentsForex, commodities, indices, cryptocurrencies, shares
Demo Account/
LeverageUp to 1:1000
SpreadForm 0 pips
Trading PlatformMT5
Social Trading✅
Min Deposit$100
Customer Support24/7 contact form
Email: admin@upfxtrade.com
Company Address: New Horizon Building, Ground Floor, 3½ Miles Philip S.W. Goldson Highway, Belize City, Belize

Founded in 2020, UPFX is a multi-asset broker registered in the United States, offering trading in forex, commodities, indices, cryptocurrencies, and shares with leverage up to 1:1000 and spread from 0 pips via the MT5 platform. The minimum deposit requirement is $100.

UPFX's homepage

Pros and Cons

ProsCons
Diverse tradable assetsExceeded ASIC License
Multiple account typesHigh minimum deposit requirement
Commission-free accounts offeredLimited contact channels
Flexible leverage ratios
MT5 offered
Social trading
Popular payment options

Is UPFX Legit?

No, UPFX currently has no valid regulations. It only holds an exceeded Investment Advisory License from Australia Securities & Investment Commission (ASIC).

Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
Australia Securities & Investment Commission （ASIC）ExceededULTIMATE PINNACLE CO PTY LTDInvestment Advisory License224485
Exceeded ASIC license

What Can I Trade on UPFX?

Trading AssetAvailable
forex✔
commodities✔
indices✔
shares✔
cryptocurrencies✔
bonds❌
options❌
ETFs❌
What Can I Trade on UPFX?

Account Type/Leverage/Fees

Account TypeECNUltimateProGolden
MinDeposit$5 000$100$1 000$100
Max Leverage1:4001:5001:4001:1000
SpreadFrom 0 pipsFrom 2.0 pipsFrom 0.6 pipsFrom 2.0 pips
Commission$3 per side❌$4 per side❌
Trading Markets150+, Forex, CFDs & Crypto130+, Forex, CFDs & Crypto
Account comparison

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔iOS, Android, WebExperienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

Available deposit and withdrawal methods on this platform include:

  • Visa
  • MasterCard
  • NETELLER
  • Tether (USDT)
  • UnionPay
  • Skrill
Payment icons

News

NewsWhat are the benefits of choosing UpFX?

What are the benefits of choosing UpFX?

WikiFX
2021-12-14 14:08
What are the benefits of choosing UpFX?
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User Reviews

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User comment

21

Comments

Write a review

Varry
more than one year
UPFX impresses me with their Demo Account and Trading Platforms! Their Demo Account is a great way to practice trading without risking real money, and their trading platforms are user-friendly and packed with features. UPFX is definitely a solid choice for traders of all levels
UPFX impresses me with their Demo Account and Trading Platforms! Their Demo Account is a great way to practice trading without risking real money, and their trading platforms are user-friendly and packed with features. UPFX is definitely a solid choice for traders of all levels
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2024-07-22 18:21
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Mell
more than one year
My trading experience on UPFX was really bad, and I am looking for another one. Spreads can be extremely high sometimes and customer support staff always disappeared. It is hard to talk with them.
My trading experience on UPFX was really bad, and I am looking for another one. Spreads can be extremely high sometimes and customer support staff always disappeared. It is hard to talk with them.
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2023-02-24 12:25
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6