UPFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://upfxtrade.com/, the company's legitimate regulatory information AustraliaASICInvestment Advisory License, to enhance the security of the company's address New Horizon Building, Ground Floor, 3½ Miles Philip S.W. Goldson Highway, Belize City, Belize.
UPFX Forex Broker
Basic information
United States
2-5 years Regulated in Australia Investment Advisory License Suspicious Overrun High potential riskCompany profile
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.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Exceeded ASIC License |
| Multiple account types | High minimum deposit requirement |
| Commission-free accounts offered | Limited 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 Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
| Australia Securities & Investment Commission （ASIC） | Exceeded | ULTIMATE PINNACLE CO PTY LTD | Investment Advisory License | 224485 |
What Can I Trade on UPFX?
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| indices | ✔ |
| shares | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type/Leverage/Fees
| Account Type | ECN | Ultimate | Pro | Golden |
| MinDeposit | $5 000 | $100 | $1 000 | $100 |
| Max Leverage | 1:400 | 1:500 | 1:400 | 1:1000 |
| Spread | From 0 pips | From 2.0 pips | From 0.6 pips | From 2.0 pips |
| Commission | $3 per side | ❌ | $4 per side | ❌ |
| Trading Markets | 150+, Forex, CFDs & Crypto | 130+, Forex, CFDs & Crypto | ||
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, Web | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Available deposit and withdrawal methods on this platform include:
- Visa
- MasterCard
- NETELLER
- Tether (USDT)
- UnionPay
- Skrill
Rating Index
ECN
PRO
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Latest Reviews
FX3445993934
Malaysia
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? ?
Exposure
2024-06-12
FX3562293827
Malaysia
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.
Exposure
2024-04-11
Varry
Belarus
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
Positive
2024-07-22