Upifex
Company Background
The website is operated by Vest Capital Ltd, which does not disclose its exact start date or other facts from its history. According to the site’s information, this company is registered in the Republic of Nauru under number 003252024. Besides, it has also received a local license from ISA under number 052952035. It should be noted that there is no information about the management and team on the official website of this firm.
We will check the legal aspects of the project and the benefits of trading on its terminal. Join us and find out in our Upifex review how safe it is to work with this licensed broker.
Overview of Services and Trading Terms
Upifex invites potential clients to “gain access to expert knowledge, cutting-edge tools, and unlimited opportunities that will help you succeed in the volatile world of trading.” You can trade on the Upifex-trader platform, as well as MobileTrader and WebTrader. The company offers 6 categories of assets for trading, including crypto and commodities.
The company offers 5 standard account types and an Islamic one. It requires a minimum deposit of $5,000, provides leverage of up to 1:200, and promises ultra-fast execution of trades in 0.01 seconds. Please note that you can trade more than 50 currency pairs, but the broker does not have an ECN account.
Additionally, Upifex promises to provide daily technical signals, video courses, webinars, and a trading academy. Finally, the website is only available in English, but the Terms of Use that customers must accept are written in French.
Referral and Bonus Schemes
Can customers earn additional income through bonus promotions or an affiliate program? This interesting question remains unanswered, as these offers are not mentioned on the website. Furthermore, there are no statements about these options in the user agreement.
However, we have seen that users can enter a referral code when registering their account. This means that this broker does have an affiliate program. However, Upifex does not disclose its terms and conditions.
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FAQ
Is there any income guarantee when trading with upifex.com?
What sum is necessary to begin dealing with Upifex?
What deposit and withdrawal methods are available?
Is upifex.com a legitimate website?
Is it like roulette with no guarantee of earning money?
Overall Score
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1 review25.07.2025 14:36SCAM! FRAUD!
Not only are profits not withdrawn, but neither is the initial deposit 😡 I waited about a month for my $14k and received nothing
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1 review15.07.2025 17:48Questionable platform
Do not give copies of your ID and plastic card to their administrators! They do not need your documents for verification, but so that you cannot later demand a refund from the bank!
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1 review05.07.2025 05:38Beginners should not open an account here.
Especially if you really decide that it is worth learning how to trade CFDs. Even traders who are professionals in their field go bankrupt with this instrument. And I find it very strange to read the comments of some users who also do not believe that this is possible here. Yes, anything is possible on upifex.com!
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1 review02.07.2025 21:16They work to the detriment of the client
I have been working here for 3 months. During this time, I have realized that this company is definitely working to replenish its reserves after the required profit percentage is achieved. I have opened orders several times, but they were closed even when the price did not reach 1-4 points, and when I contacted Upifex technical support for an explanation, there was no response. In addition, the news is constantly delayed by 1-3 minutes. In any case, I am now looking for another broker.
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1 review02.07.2025 14:32Managers draw quotes
I contacted support with a simple problem: my order was closed at a price that was not on the chart. I expected them to conduct an investigation, as is customary in brokerage companies, and even compensate me for my losses, because this is standard practice for a serious and honest organization. Instead, upifex employees sent me a standard response: “Everything is within market conditions.” No report, no screenshot, no transaction log! They just sent me a form letter. What’s more, I’ve contacted them three times, each time with different operators, but the result is the same. I get the feeling that none of the upifex managers even think about what my problem is. Out of curiosity, I asked for a report on the work done, and again there was silence. It turns out that if you have a dispute with this broker, you can only count on yourself! For me, this is an alarming sign: If customer service cannot help you with minor issues, then in a serious situation, it will definitely not be on the customer’s side. I should note that I no longer wish to trade on upifex.com. Since the quotes here are fake, they can draw whatever they want, which means they are simply deceiving you.
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1 review30.06.2025 18:37I cannot withdraw money from my account
First, the manager asked me to reduce the withdrawal request amount from $8,300 to $5,000, and I did so. Then, a week later, he asked me to resubmit the request, and I sent it again. However, I still did not receive anything. I wrote an email, but no one responded. Only the manager contacted me by phone, but he kept promising that I would be paid-first in a week, then without any deadline at all. Meanwhile, no one has sent me a notification that my withdrawal request has been accepted to my account on upifex.com. Friends, please help me if you know what to do in this case!
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1 review27.06.2025 00:15The typical scam!
The broker has refused to pay me 7 times already. I don’t know what I can do to get them to return my €17k. I no longer demand the funds that I earned here. If you want to trade here, know that you will only see a fake terminal on your device’s screen, and your money will immediately go into the wallets of these scammers!!
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1 review21.06.2025 18:39High-quality training materials are available here
If you are a beginner, this broker offers affordable training to get you started in trading, and that is what you need. Since the upifex.com website is ideal for beginners, when I started my trading career here, I carefully watched all the videos with training materials, read many books, and began to take my first steps. Now I am already trading successfully and am very grateful to UPIFEX for this!
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1 review17.06.2025 04:08This broker took advantage of my naivety
The scammers tricked me out of $51,000. I later realized that everything here is fake: quotes, charts, terminal… At some point, the whole truth comes out, and the money cannot be returned. The only thing I can add is that you better not get involved with these crooks!
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1 review15.06.2025 19:43I will talk about the pros and cons of this project.
I am grateful to this trading platform for the opportunity to earn extra income! ADVANTAGES of UPIFEX: profitable deals, fast order execution, low service fees, lots of opportunities for professional traders, all the tools. CONS: difficult to contact customer support, I wait 2-3 hours for a response
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1 review15.06.2025 13:35One of the worst brokers I have ever dealt with!
I invested funds, completed one trade (loss), and now want to withdraw all funds due to dissatisfaction with the execution plan, but that’s when the problems started… I haven’t been able to withdraw my funds for about 3 weeks now, I just get some cheap excuses, I’ve talked to all the operators, and they all say the same thing! The Upifex payments department just ignores my messages! I plan to write to ISA in the near future to see if it will be helpful. In general, I strongly recommend that you do not get involved with this “pseudo-broker.” I should note that when I opened an account on upifex.com, one of my motivations was that they had a brokerage license…
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1 review15.06.2025 06:23Yes, it's obvious that this is a fraudulent website
I was immediately confused by the fact that the broker is registered offshore. The Republic of Nauru is a dubious jurisdiction. Who even knows this state?? Anyway, I checked the license of Vest Capital Ltd, yes, it exists, but it’s useless. The fact is that this regulatory body does not protect traders. If the broker disappears with your money tomorrow, the most you will get is an automated response from the ISA. I would like to note that the owner’s name is not listed on the upifex.com website, and there are no photos of the team or any history. All there is is a nice-sounding phrase: “We are a global broker.” The domain upifex.com was put up for sale in 2024. This is a common pseudo-brand created in recent years. UPIFEX has no reputation. There are no clear guarantees here either. I wouldn’t trust such trash cans with even $10, let alone a $5,000 deposit for serious trading
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1 review06.06.2025 20:39SCAMMERS!!! CRIMINALS!!!
I have been unable to withdraw my money (about $3,070) since April 2025. I tried to contact the manager of this company, wrote many emails asking them to get in touch, but no one responded. Avoid this SCAM!
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1 review06.06.2025 19:18You should not trust this company
Dear ladies and gentlemen, please be very careful with this broker. Of course, we all know that there are intermediaries who do not transfer funds to the interbank market. However, this company is clearly experiencing liquidity problems, as I have been waiting for a withdrawal for about two weeks…
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1 review06.06.2025 02:05They do not withdraw money from the account
I started working with this broker almost six months ago. At first, the money was withdrawn according to my requests, and although the amounts were small, I waited for them for 3-5 days… now I am waiting for the withdrawal of my deposit in full, amounting to more than $11,500, and I cannot withdraw anything. I filed a complaint with the ISA, but there has been no result. Therefore, I am currently working with lawyers.
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