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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

UPFX

United States|2-5 years|
Regulated in Australia|Investment Advisory License|Suspicious Overrun|High potential risk|

https://upfxtrade.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Netherlands 5.17
Surpassed 33.10% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

admin@upfxtrade.com
https://upfxtrade.com/
No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

Licensed Institution:ULTIMATE PINNACLE CO PTY LTD

License No.:224485

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
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!
2

Basic information

Registered region
United States
Operating period
2-5 years
Company Name
Ultimate Pinnacle Limited
Abbreviation
UPFX
Company employee
--
Customer Service Email Address
admin@upfxtrade.com
Company website
Company address
No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize
Keywords 5
2-5 years
Regulated in Australia
Investment Advisory License
Suspicious Overrun
High potential risk

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

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

04-11

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

02-07

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

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

Albert1981

Indonesia

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

Exposure

2021-12-01

Mell

Thailand

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.

Neutral

2023-02-24

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

07-22

汇令天下

Hong Kong

The trading environment is very favorable, and the server speed is also very fast

Positive

2023-01-05

Ryan Lee28670

Hong Kong

Platform customer service is good, withdrawal efficiency is fast, safe and reliable

Positive

2023-01-05

Ralph2656

Hong Kong

Fast withdrawal, good customer service.

Positive

2023-01-05

KK1137

Hong Kong

The account managers of UPFX are very patient and solve customer problems very quickly.

Positive

2023-01-05

LouisT

Hong Kong

The platform service is very good and professional, deposit and withdrawal are fast

Positive

2023-01-05

Rynn.Jer

Hong Kong

I have been trading on this platform for more than a year, and the customer service service is good

Positive

2023-01-05

振湧_

Hong Kong

I have been trading on this platform for a year, especially I have used a platform that is very good in terms of withdrawal efficiency and service 🥰🥰

Positive

2023-01-05

ZackGan

Hong Kong

Very good platform, good service, and the account manager is very patient to lead. The deposit and withdrawal are very convenient and very fast

Positive

2023-01-05

matt1934

Hong Kong

Withdrawal efficiency is fast

Positive

2023-01-05

Cindy_Yap

Hong Kong

High rebate, fast withdrawal speed, good customer service attitude.

Positive

2023-01-05

JQESOE

United States

So what are you saying

Positive

2022-10-13

JQESOE

United States

Agent forums

Positive

2022-10-04

24
Account Information
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Company Summary
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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
MT5iOS, 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

Keywords

  • 2-5 years
  • Regulated in Australia
  • Investment Advisory License
  • Suspicious Overrun
  • High potential risk

Review 24

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consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
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