Upifex

( 1.73 )
15 reviews
Suspicious
This company shows several warning signs of potential fraud.
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Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
License availability.
Swap-free account.
Cons
No information about the company's history.
Important trading conditions are not specified.
High leverage increases the risk of loss.
The broker earns income from client losses.
No regulation of strict first-level commissions.
Huge entry threshold without a demo account.

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.

In fact, the broker offers CFDs, not real assets. For example, Upifex does not have regulatory permission to provide futures contracts.

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.

It is unclear how the brokerage platform makes money if the commission is $0 and spreads start “from 0 points.”

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?

The company does not guarantee its clients income from trading. In addition, it disclaims responsibility in the event of your loss for any reason.

What sum is necessary to begin dealing with Upifex?

The broker requires a minimum deposit of $5,000. We emphasize that this amount is necessary to start trading under the conditions specified on the website, and this is not our recommendation.

What deposit and withdrawal methods are available?

Upifex does not specify specific payment methods in its presentation of services. However, the company mentions the possibility of monetary transactions via bank transfers/cards in its Refund Policy.

Is upifex.com a legitimate website?

We checked this broker's license through the official Nauru registry and confirmed that it operates legally. However, this regulation is weak and does not provide any security guarantees to the company's clients.

Is it like roulette with no guarantee of earning money?

Trading here means 100% risk to your deposit, as this broker does not have access to liquidity. This means that the client trades against the company itself, not against the market. Therefore, any profit you make will be considered by the broker as a threat of loss for it.
John Hartman - lead author on Scamroulette.com
John Hartman

I would like to draw your attention to the short operating history of the platform. Judging by the domain registration date of August 30, 2024, this company was founded recently. Moreover, screenshots from Webarchive only start from 2025. In essence, this brokerage resource has neither experience nor reputation.. Therefore, if you entrust your funds to this intermediary, it will be extremely risky. Since anonymous founders can easily close their website and disappear with your money with impunity.

Overall Score

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1.73/5
OVERALL

Based on 15 votes

15 reviews about Upifex

  • Zorro
    1 review
    25.07.2025 14:36
    SCAM! FRAUD!

    Not only are profits not withdrawn, but neither is the initial deposit 😡 I waited about a month for my $14k and received nothing

  • Alex Simmons
    1 review
    15.07.2025 17:48
    Questionable 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!

  • Mr. Valdez
    1 review
    05.07.2025 05:38
    Beginners 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!

  • John K.
    1 review
    02.07.2025 21:16
    They 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.

  • Annie Johnson
    1 review
    02.07.2025 14:32
    Managers 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.

  • Jeremy L.
    1 review
    30.06.2025 18:37
    I 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!

  • Swanson
    1 review
    27.06.2025 00:15
    The 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!!

  • Benjamin Nelson
    1 review
    21.06.2025 18:39
    High-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!

  • Kristopher
    1 review
    17.06.2025 04:08
    This 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!

  • Ralph
    1 review
    15.06.2025 19:43
    I 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

  • Norton
    1 review
    15.06.2025 13:35
    One 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…

  • Richard Shelton
    1 review
    15.06.2025 06:23
    Yes, 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

  • Linda H.
    1 review
    06.06.2025 20:39
    SCAMMERS!!! 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!

  • Mr. French
    1 review
    06.06.2025 19:18
    You 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…

  • Patricia C.
    1 review
    06.06.2025 02:05
    They 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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Broker Profile

Date of foundation
Since 2024
License
Offshore
Leverage
1:200
Demo account
No
Order Execution Model
DD
Minimum deposit
$5000
Licensing Authorities
Questionable Regulator
Investor Protection
No
Transparency
Some Hidden Terms
Reputation
Bad
Auditing
Not Conducted

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