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.