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    UPFX

    • United Kingdom United Kingdom
    • 2-5 years
    • Regulated in United States
    • Suspicious Regulatory License
    • MT4/5 full license
    • Chinese market only
    WikiFX Score
    Comparison
    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    Ultimate Pinnacle Limited

    Phone of the company

    --

    Company website
    https://upfxtrade.com/
    Twitter

    --

    Customer Service Email Address

    cs@upfxtrade.com

    Company address

    Suite 305, Griffith Corporate Center PO Box 1510, Beachmont Kingstown St.Vincent and the Grenadines

    Pyramid scheme complaint
    Expose

    Check whenever you want

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    Warning: Low score, please stay away! 3
    2022.06.27

    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!

    • Account
    Comparison
    MT5 Download
    • Standard Account
    • ECN Account
    • Swap Free Account (Only for Islamic Customer)
    • STD Pro
    • Benchmark --
    • Maximum Leverage 1:1000
    • Minimum Deposit $100
    • Minimum spread 2.0 Pips
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 1:200
    • Minimum Deposit $500
    • Minimum spread 2.0 Pips
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 1:400
    • Minimum Deposit $100
    • Minimum spread 0.6 Pips
    • Products --
    • Currency --
    • Benchmark --
    • Maximum Leverage 1:400
    • Minimum Deposit $100
    • Minimum spread from 0.0 Pips
    • Products --
    • Currency --
    • Currency --
    • Minimum position 0.01 lots
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission $0.0
    • Currency --
    • Minimum position 0.01 lots
    • Depositing Method --
    • Withdrawal Method --
    • Commission $0.0
    • Currency --
    • Minimum position 0.01 lots
    • Depositing Method --
    • Withdrawal Method --
    • Commission $2.5 ($5.0 round turn)(Per Lot)
    • Currency --
    • Minimum position 0.01 lots
    • Depositing Method --
    • Withdrawal Method --
    • Commission $3.5 ($7.0 round turn) (Per Lot)
    Brokers What are the benefits of choosing UpFX?

    What are the benefits of choosing UpFX?

    WikiFX
    2021/12/14 6:11:48
    What are the benefits of choosing UpFX?

    UPFX

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    National Futures Association

    National Futures Association (NFA)

    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.

    • Licensed Institution :

      ULTIMATE PINNACLE LIMITED

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1

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    UPFX

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    UPFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
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    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

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    UPFX · Company summary

      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.

    Risk Warning

    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.