No Regulatory
WikiFX Score
No restriction on the broker account. Provide service support by WikiFX
Single Core
1G
40G
Ultimate Pinnacle Limited
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cs@upfxtrade.com
Suite 305, Griffith Corporate Center PO Box 1510, Beachmont Kingstown St.Vincent and the Grenadines
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It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
United StatesNFA (license number: 0537666) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!
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National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
Current Status:
UnauthorizedLicense Type:
Common Financial Service LicenseRegulated in Country/Area
Regulatory License No.:
0537666Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
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General Information
UPFX is an offshore broker offering a series of financial instruments including currencies, stocks, commodities as well as indices to its clients.
Market Instruments
Tradable financial instruments available on the UPFX platform include currency pair, commodities, precious metals (gold and silver), stock and indices.
Minimum Deposit
UPFX offers four trading accounts on offer: Standard, Standard Pro, ECN as well as Islamic Accounts. The minimum deposit to start a basic account, that is the standard account, is $100, which sounds quite reasonable for most regular traders.
Leverage
UPFX offers the leverage up to 1:1000, which is considered high. Since leverage can amplify gains as well as losses, inexperienced trader are not advised to use too high leverage.
Spreads & Commissions
Spreads and commissions vary depending on what trading accounts you are holding. The spreads in the standard account start from 2 pips, no commissions charged. With more account balance, traders can enjoy tighter spreads. The standard pro accounts charges a commission of $7 per lot with its spread from 0.0 pips.
Trading Platform Available
When it comes to trading platform available, UPFX offers the leading MT4 trading platform, featuring various technical indicators, timeframes, charting tools and support Expert Advisors (EA).
Deposit & Withdrawal
In terms of payment methods, UPFX does not make this part clear. In most cases, most brokers allow its traders to fund their accounts through Credit/Debit Card (Visa, MasterCard, Maestro), Wire Transfer, as well as some online payment processors including Skrill and Neteller.
Customer Support
UPFX does not offer a decent customer support services and they can be reached through email: cs@upfxtrade.com. Company Address: Suite 305, Griffith Corporate Center PO Box 1510, Beachmont Kingstown St.Vincent and the Grenadines.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.