upifex.com has been flagged by AMF (France) for "Unauthorised". Category: Crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: upifex.com.
I gave upifex.com a fair chance. After for over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Responsive team|Smooth onboarding
Cons: Limited social trading features
The only good thing about upifex.com is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Customizable dashboard|Real-time alerts
Cons: Slow to add new assets
I lost a significant amount because upifex.com did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Educational resources|Economic calendar|Real-time alerts
Cons: Inactivity fee applies after 12 months
The hidden fees at upifex.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Quick verification|Comprehensive tools
Cons: Live chat only during business hours
I joined upifex.com through a podcast recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Responsive team|Good mobile app
Cons: No fractional shares|Spreads widen during volatile periods