Ultimate Pinnacle Review

About Ultimate Pinnacle

Ultimate Pinnacle, operating under the domain upfxtrade.com, presents itself as a Belize-based limited liability company with registration number 173474, part of the Lepanto Group, offering CFDs on forex, commodities, stocks, indices, and cryptocurrencies. It claims to support trading via MetaTrader 5 and advertises a minimum deposit of USD 100, spreads from about 2 pips, and leverage up to 1:1000. Payment methods include credit/debit cards, wire transfers, and various cryptocurrencies and e-wallets. These details are sourced from its own site and corroborated by The Forex Review and planetofreviews.com.

No regulatory authorization for Ultimate Pinnacle (UPFX) has been confirmed. The broker claims licenses with the Belize IFSC (no. 173474), ASIC (ACN 072 424 830), CySEC, and NFA (no. 0537666), but these cannot be verified in the respective official registries. Research indicates that the SVG FSA registration (no. 25992) that the provider also cites is limited to an international business company (IBC) status and does not constitute a financial/investment license. Its website is no longer accessible and its operations have been flagged as unregulated and high-risk by multiple independent reviewers.

Pros and cons

Pros

• Offers MetaTrader 5 platform.
• Accepts multiple payment methods including crypto.

Cons

• No verifiable regulatory licenses from ASIC, NFA, CySEC, IFSC, or SVG FSA.
• High maximum leverage (up to 1:1000), increasing trading risk.
• Spreads reportedly wide (from approximately 2 pips on EUR/USD).
• Website inaccessible and multiple independent reviewers label it as a scam/unregulated entity.