Wikilix
Licence record

SCA licence 20200000350

Holder
UPFX
Jurisdiction
United Arab Emirates
Licence type
Investment Advisory License

This is Wikilix's record of a licence issued by Securities and Commodities Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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RecordModified Jul 27, 2026

Licence Verification Record

Securities and Commodities Authority 20200000350

Recorded from the firm's own disclosure. Not yet checked against the register.

Issuing authority
Securities and Commodities Authority
Holder
UPFX
Jurisdiction
United Arab Emirates
Licence type
Investment Advisory License

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/securities-and-commodities-authority0/upfx/20200000350Fields on file 2 / 11

Open UPFXAbout SCA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
United Arab Emirates
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
20200000350
Licence type (Wikilix classification)
Investment Advisory License
The authority

About SCA

Securities and Commodities Authority is the authority that issued this licence, and the jurisdiction it applies in is United Arab Emirates.

Full name
Securities and Commodities Authority
Jurisdiction
United Arab Emirates
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
2000
Firms we track under it
13 firms
Licences it issues
Brokerage licence incl. CFDs
Typical cost of a licence
Not specified
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

SCA's own rules for the firms it authorises.

  • Compensation schemeDeposit Guarantee Scheme covers up to AED 100,000 per depositor
  • Complaints routeSCA complaints
  • Maximum leverage1:100
This describes the authority's regime, not how UPFX applies it.
The holder

Who holds this licence

The licence above is recorded against UPFX. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
UPFX
Based in
United States
Wikilix score
43.3the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Ultimate Pinnacle LimitedUnited States
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences UPFX holds

2 other licences are on record for UPFX.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
UPFX offers a maximum leverage of up to 1000:1, particularly under its Mauritius FSC regulation. Under ASIC regulation in Australia, the highest leverage is limited to 28:1. Leverage availability depends on the regulatory jurisdiction and the type of financial instrument.
The minimum deposit amount at UPFX is 100 USD. Supported funding methods include Visa/MasterCard, bank/wire transfers, e-wallets like Neteller and Skrill, stablecoins such as Tether (USDT), and various local payment methods. Deposit processing times vary from instant for cards and e-wallets to several days for wire transfers.
UPFX offers the MetaTrader 5 (MT5) trading platform, which is available on desktop, web, iOS, and Android devices. MT5 supports multiple asset classes including Forex, stocks, and futures, and provides advanced analytics and algorithmic trading tools.
UPFX is regulated by several authorities including the Australia Securities & Investment Commission (ASIC), the Financial Services Commission (FSC) of Mauritius, and the Securities and Commodities Authority (SCA) of the UAE. These regulators provide different levels of oversight, with ASIC being a tier 1 regulator and FSC considered tier 3. UPFX holds investment advisory and financial service licenses in these jurisdictions.
Licence 20200000350 was issued by Securities and Commodities Authority (SCA), the financial authority for United Arab Emirates.
UPFX holds this SCA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SCA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
UPFX has 2 other licences on record with Wikilix, across 2 jurisdictions. They are listed further down this page.
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