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UPFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://upfxtrade.com/, about the company's legal and temporary regulatory information, the company's address New Horizon Building, Ground Floor, 3½ Miles Philip S.W. Goldson Highway, Belize City, Belize.

UPFX Forex Broker

No Regulation
UPFX

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Company profile

UPFXReview SummaryFounded2020Registered Country/RegionUnited StatesRegulationASIC (Exceeded)Market InstrumentsForex, commodities, indices, cryptocurrencies, sharesDemo Account/LeverageUp to 1:1000SpreadFrom 0 pipsTrading PlatformMT5Social Trading✅Min Deposit$100Customer Support24/7 contact formEmail: admin@upfxtrade.comCompany 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.Pros and ConsProsConsDiverse tradable assetsExceeded ASIC LicenseMultiple account typesHigh minimum deposit requirementCommission-free accounts offeredLimited contact channelsFlexible leverage ratiosMT5 offeredSocial tradingPopular payment optionsIs 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 NumberAustralia Securities & Investment Commission (ASIC)ExceededULTIMATE PINNACLE CO PTY LTDInvestment Advisory License224485What Can I Trade on UPFX?Trading AssetAvailableforex✔commodities✔indices✔shares✔cryptocurrencies✔bonds❌options❌ETFs❌Account Type/Leverage/FeesAccount TypeECNUltimateProGoldenMinDeposit$5 000$100$1 000$100Max Leverage1:4001:5001:4001:1000SpreadFrom 0 pipsFrom 2.0 pipsFrom 0.6 pipsFrom 2.0 pipsCommission$3 per side❌$4 per side❌Trading Markets150+, Forex, CFDs & Crypto130+, Forex, CFDs & CryptoTrading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔iOS, Android, WebExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Available deposit and withdrawal methods on this platform include:VisaMasterCardNETELLERTether (USDT)UnionPaySkrill
How to login to UPFX?

UPFX Similar Brokers

Latest Reviews

Pros
Access to a wide range of financial instruments, including over 150 CFDs on forex, commodities, indices, and stocks.
High leverage options of up to 1:400, allowing for potentially greater profits.
Low minimum deposit requirement starting at $50, making it accessible for beginner traders.
Cons
Limited trading platform options, as trading is restricted to MetaTrader 4 only.
Customer support lacks live chat functionality, which can hinder quick communication.
Regulation by a tier-3 authority (Vanuatu Financial Services Commission) may not meet the expectations of traders seeking stringent oversight.

Basic Information

Registered Region
United States
Operating Period
--
Company Name
Ultimate Pinnacle Limited
Abbreviation
UPFX
Company employee
--
Customer Service Email Address
admin@upfxtrade.com
Company Website
Company Address
New Horizon Building, Ground Floor, 3½ Miles Philip S.W. Goldson Highway, Belize City, Belize
How to login to UPFX?
upfx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a upfx Account Registering for a upfx account is a straightforward process designed to be completed in just a few minutes. Heres a step-by-step guide to help you through the upfx registration process. Step 1: Accessing the Registration Page To begin, visit the official upfx website. Look for the “Open Account” or “Register” button, typically located at the top right corner of the homepage. Click on this button to be directed to the registration form. Step 2: Filling in Required Information Once on the registration form, you will need to fill in your personal details. This includes: Full name Email address Phone number Date of birth Country of residence Preferred account currency Make sure to double-check the information for accuracy before proceeding. Step 3: Email/Phone Verification After submitting your personal information, you will receive a verification code via email or SMS. Enter this code in the designated field on the registration page to confirm your identity. Step 4: Identity Verification (if required) In some cases, upfx may require additional verification to comply with regulatory standards. This typically involves uploading a scanned copy of an identification document (such as a passport or drivers license) and proof of address (like a utility bill). Ensure that these documents are clear and legible. Step 5: Registration Confirmation Once all information is submitted and verified, you will receive a confirmation email indicating that your registration is successful. This email will also contain your login credentials for accessing your new account. Common Registration Issues and Solutions Issue: Verification code not received. Solution: Check your spam folder or ensure that you entered the correct phone number or email address. Issue: Documents not accepted. Solution: Make sure that the documents are in the correct format and are clear. If issues persist, contact customer support. Regional Differences in Registration While the registration process remains largely the same across regions, specific document requirements may vary based on local regulations. Always check the upfx website for region-specific guidelines. Part Two: upfx Account Opening Detailed Guide Understanding the Difference Between Registration and Account Opening While upfx registration involves creating a user account on the platform, upfx account opening refers to the process of selecting an account type and funding your account for trading. Both steps are essential for accessing the trading features of upfx. Preparation Work Before Account Opening Before you can open an account with upfx, ensure that you have the following ready: A valid email address and phone number for verification. Identification documents for KYC (Know Your Customer) compliance. A method for funding your account (credit/debit card, bank transfer, etc.). Detailed Account Opening Steps Step 1: Selecting Account Type After completing your registration, log in to your upfx account. Navigate to the account opening section where you can select from various account types, such as Basic, Optimal, and Professional accounts. Each account type has different minimum deposit requirements and trading features. Step 2: Submitting Required Documents Once youve selected your account type, you may need to submit additional documents for verification. This could include identity proof and address verification documents, similar to the registration process. Step 3: Account Review Process After submitting your documents, upfx will conduct a review. This process typically takes a few hours to a couple of days, depending on the volume of applications. You will receive an email notification once your account is approved. Step 4: Account Activation Upon approval, you will receive a confirmation email with instructions on how to activate your trading account. Follow these instructions carefully to ensure your account is fully operational. Step 5: Initial Setup Once your account is activated, log in to your upfx account and complete any necessary initial setup, such as funding your account and customizing your trading preferences. Frequently Asked Questions About Account Opening Q: What is the minimum deposit to open an account? A: The minimum deposit varies by account type, starting from $50 for the Basic account. Q: How long does the account opening process take? A: The entire process can take anywhere from a few hours to a couple of days, depending on verification times. Next Steps After Opening an Account Once your account is open, familiarize yourself with the trading platform, explore the available trading instruments, and consider utilizing the educational resources provided by upfx to enhance your trading skills. Part Three: upfx Login Process Explained Basic Web Login Process Logging into your upfx account is a simple process. Heres how to do it: Step 1: Visit the upfx Website Go to the official upfx website and locate the “Login” button, usually found at the top right corner of the page. Step 2: Enter Your Credentials Input your registered email address and password in the respective fields. Ensure that there are no typos to avoid login errors. Step 3: Two-Step Verification (if enabled) If you have enabled two-step verification for added security, you will need to enter the verification code sent to your registered mobile device or email. Step 4: Click on the Login Button After entering your credentials and verification code, click on the “Login” button to access your account. Step 5: Access Your Dashboard Once logged in, you will be directed to your account dashboard where you can manage your trades, view account details, and access educational resources. Mobile App Login Process If you prefer trading on the go, you can also log in using the upfx mobile app. The process is similar: Open the app and tap on the “Login” button. Enter your email and password. Complete any two-step verification if applicable. Tap “Login” to access your account. Common Login Issues and Solutions Issue: Forgotten password. Solution: Click on the “Forgot Password?” link on the login page and follow the instructions to reset your password. Issue: Account lockout. Solution: If your account gets locked after multiple failed attempts, contact customer support for assistance in unlocking it. Issue: Technical issues. Solution: Ensure that your internet connection is stable. If issues persist, try clearing your browser cache or reinstalling the app. Overview of Features After Login Once logged in, you can access various features such as: Trading dashboard for managing your trades. Educational resources for enhancing your trading skills. Account settings for managing personal information and security settings. Additional Sections Account Security Recommendations To keep your upfx account secure: Use a strong, unique password and change it regularly. Enable two-step verification for added protection. Be cautious of phishing attempts and only log in through the official website or app. Best Practices for Account Management Regularly review your account statements and trading history. Keep your contact information updated to ensure you receive important notifications. Utilize educational resources to stay informed about market trends and trading strategies. How to Get Technical Support If you encounter any issues or have questions, you can reach out to upfx customer support via: Email: support@upfx.com Contact form available on the website. This comprehensive guide provides detailed steps for the upfx registration, upfx account opening, and upfx login processes. By following these instructions, you can successfully navigate the platform and start your trading journey with confidence.

UpFX Forex Broker - Complete Information Guide

1. Broker Overview

UpFX, officially known as Ultimate Pinnacle Limited, was established in 2017. The broker is headquartered in Port Vila, Vanuatu, with additional offices in various regions, including Bulgaria and New Zealand. This company operates as a private entity and offers trading services primarily to retail clients across the globe.

Since its inception, UpFX has focused on providing a diverse range of trading instruments and tools to its clients. Over the years, it has attracted a significant user base, boasting more than 50,000 active traders from 180 countries. The company has made notable strides in enhancing its trading platform and services, aiming to cater to the needs of both novice and experienced traders.

UpFX's business model is centered around retail forex and CFD trading, allowing clients to engage in various financial markets without the imposition of artificial limits. The firm offers tight spreads and high-speed order execution, which are crucial features for traders seeking efficiency in their trading activities.

2. Regulation and Compliance Information

UpFX is regulated by the Vanuatu Financial Services Commission (VFSC), which is classified as a tier-3 regulator. The regulatory details are as follows:

  • Regulatory Body: Vanuatu Financial Services Commission (VFSC)
  • License Number: Not specifically mentioned in the available data.
  • Regulatory Scope: The VFSC oversees the operations of UpFX, ensuring compliance with local financial regulations.

In terms of client fund protection, UpFX maintains a policy of segregating client funds, which means that the funds are held separately from the company's operational funds. However, it does not participate in any investor compensation schemes that are commonly found with tier-1 regulated brokers.

UpFX adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring clients to verify their identity and address as part of the account opening process. This is a standard practice aimed at preventing fraud and ensuring the integrity of the trading environment.

3. Trading Products and Services

UpFX provides a wide array of trading products, focusing primarily on CFDs across various asset classes. The key offerings include:

  • Forex Pairs: UpFX offers over 50 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.
  • CFDs: The broker provides access to a diverse range of CFDs, including:
  • Indices: Major global indices.
  • Commodities: Including precious metals like gold and silver, as well as oil.
  • Stocks: Shares from various international companies.
  • Cryptocurrencies: A selection of popular cryptocurrencies is available for trading.

The company is committed to regularly updating its product offerings, ensuring that traders have access to the latest market instruments. This diverse range of products enables traders to implement various strategies and manage their portfolios effectively.

4. Trading Platform and Technology

UpFX exclusively utilizes the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and robust functionality. The platform supports multiple trading styles, including manual and automated trading through Expert Advisors (EAs). Key features of the platform include:

  • Web-based Trading: UpFX offers a web trading platform that allows clients to trade directly from their browsers without requiring software installation.
  • Mobile Applications: The MT4 mobile application is available for both iOS and Android, enabling traders to manage their accounts and execute trades on the go.
  • Execution Model: UpFX operates on an ECN (Electronic Communication Network) model, providing market execution with no requotes, which is essential for high-frequency trading strategies.

The broker's technological infrastructure is designed to ensure fast order execution and reliability, with servers located in key financial hubs to minimize latency.

5. Account Types and Trading Conditions

UpFX offers several account types to cater to different trading needs and experience levels:

  • Basic Account:

  • Minimum Deposit: $50

  • Leverage: Up to 1:400

  • Spreads: Starting from 0.1 pips

  • Optimal Account:

  • Minimum Deposit: $5,000

  • Leverage: Up to 1:200

  • Professional Account:

  • Minimum Deposit: $10,000

  • Leverage: Up to 1:100

All accounts support a range of trading instruments and provide access to educational resources. UpFX also offers a demo account for traders to practice their strategies without risking real funds.

The broker does not charge any deposit or withdrawal fees, which enhances the overall trading experience. However, traders should be aware of the risks associated with high leverage, as it can amplify both profits and losses.

6. Fund Management

UpFX supports a variety of deposit and withdrawal methods, making it convenient for clients to manage their funds. The available methods include:

  • Deposit Methods:

  • Credit/Debit Cards

  • E-wallets (such as Skrill and Neteller)

  • Minimum Deposit Requirements:

  • Basic Account: $50

  • Optimal Account: $5,000

  • Professional Account: $10,000

  • Withdrawal Methods: Similar to deposit methods, including credit/debit cards and e-wallets.

  • Processing Times: Deposits are typically processed instantly, while withdrawals may take longer, depending on the method used.

UpFX does not impose any fees for deposits or withdrawals, which is a significant advantage for traders looking to minimize their trading costs.

7. Customer Support and Educational Resources

UpFX provides customer support through various channels, including:

  • Email Support: Available 24/7.
  • Phone Support: Clients can reach out for assistance during business hours.

The support team is multilingual, catering to a diverse client base. However, it lacks a live chat feature, which some traders may find inconvenient.

In terms of educational resources, UpFX offers a range of materials aimed at helping traders improve their skills. These include:

  • Webinars: Regularly scheduled sessions covering various trading topics.
  • Tutorials and Guides: Comprehensive resources for both beginners and experienced traders.
  • Market Analysis: Daily and weekly reports to keep traders informed about market trends.

8. Regional Coverage and Restrictions

UpFX primarily serves clients worldwide, with a significant presence in regions such as Europe, Asia, and South America. However, it does not accept clients from certain countries, including:

  • United States
  • Canada
  • Japan
  • Australia

These restrictions are due to regulatory compliance and the broker's licensing agreements. UpFX aims to ensure that its services are compliant with local laws in the regions it operates.

In summary, UpFX offers a broad range of trading services and products, catering to a diverse clientele. While it has its advantages, such as competitive trading conditions and a user-friendly platform, potential clients should carefully consider its regulatory status and the associated risks before opening an account. The upfx broker continues to evolve, striving to meet the needs of its traders while maintaining a focus on security and service quality.

Latest Reviews

FX3445993934

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

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

Hack2850

Hack2850

Thailand

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)

Exposure

2024-02-07

Varry

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

FX4263769062

FX4263769062

Malaysia

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.

Exposure

2022-08-24

Gustavo@Fring

Gustavo@Fring

Malaysia

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.

Exposure

2021-12-30

UPFX

News

What are the benefits of choosing UpFX?

News What are the benefits of choosing UpFX?

What are the benefits of choosing UpFX?

UPFX Forex Broker has an overall rating of 1.53, Regulatory Index 0.00, License Index 0.00, Business Index 7.17, Software Index 4.00 Risk Control Index 0.00.