InfoFinance Reviews Ultimate Pinnacle Forex Broker: High Risk

Ultimate Pinnacle is a forex trading platform headquartered in Malaysia. This article will provide a comprehensive evaluation of Ultimate Pinnacle from various aspects, including regulatory licenses, trading instruments, trading software, fund security, deposit and withdrawal methods, leverage ratios, and claimed awards.

Introduction to Ultimate Pinnacle

The official website of Ultimate Pinnacle is https://upfxtrade.com/, and the website supports multiple languages, including English, Simplified Chinese, and Traditional Chinese. Ultimate Pinnacle is registered in Belize, with its registered entity being Ultimate Pinnacle Co., Ltd. The company’s registered address is New Horizon Building, Ground Floor, 3½ Miles Philip SW Goldson Highway, Belize City, Belize, and the enterprise registration number is 173474. The registration date of Ultimate Pinnacle is not disclosed by the Belize Companies and Corporate Affairs Registry (BCCAR).

According to information obtained from Whois, the broker’s official domain was registered on August 23, 2020.

Is Ultimate Pinnacle compliant and legal? Does it hold the necessary financial regulatory licenses?

TraderKnows’ investigation has revealed that Ultimate Pinnacle Co., Ltd. does not appear on the records of the Belize Financial Services Commission (FSC). In other words, this entity is not under the regulation of the Belize FSC.

In the “Terms and Conditions” on its official website, TraderKnows found that the trading counterparty provided by Ultimate Pinnacle to its customers is Ultimate Pinnacle Co., Ltd in Saint Vincent and the Grenadines. However, upon investigation, no information about this company could be found with the Saint Vincent and the Grenadines Commercial and Intellectual Property Office (CIPO) or the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). Therefore, Ultimate Pinnacle is not actually regulated by any authority.

Besides, Ultimate Pinnacle has not disclosed any third-party fund regulatory information on its official website, which means users’ fund security cannot be guaranteed.

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