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UPFX-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-12-18 14:59

Abstract: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.

UPFXReview Summary
Founded2020
Registered Country/RegionUnited States
RegulationASIC (Exceeded)
Market InstrumentsForex, commodities, indices, cryptocurrencies, shares
Demo Account/
LeverageUp to 1:1000
SpreadFrom 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
MT5✔iOS, 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
LeverageBrokerCommissionCurrency PairDealer

Related broker

No Regulation
UPFX
Company name:Ultimate Pinnacle Limited
Score
1.53
Website:https://upfxtrade.com/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.53

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