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The WikiFX Score of this broker is reduced because of too many complaints!

FVP Trade

United Kingdom|Scam Brokers|
2-5 years|Regulated in United Kingdom|Payment License|MT4/5 full license|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://fvptrade.info

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
FVPTrade-Demo MT4
Server Location Japan

Contact

support@fvptrade.inf
https://fvptrade.info
https://www.facebook.com/fvptrade
https://twitter.com/FVP_Trade
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FVP trade Ltd

Company Abbreviation

FVP Trade

Platform registered country and region

United Kingdom

Company website
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Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 7
Previous Detection : 2023-11-28
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

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Expose

    FVP Trade · Company Summary

    FVP Trade Basic Information
    Registered Country/Region United Kingdom (The Virgin Islands)
    Founded in N/A
    Regulation Not regulated
    Trading Assets Forex, Commodities, Indices, Cryptocurrencies, Metals
    Trading Platform MetaTrader 4 (MT4)
    Account Types Live Account, Demo Account
    Minimum Deposit $5
    Leverage Up to 1:500
    Spread Types Fixed, Variable
    Execution Market Execution
    Scalping Allowed
    Hedging Allowed
    Islamic Accounts Available
    Deposit & Withdrawal Methods Bank Wire Transfer, Credit/Debit Cards, Skrill, Neteller, Bitcoin
    Customer Support Phone, Email, Live Chat
    Bonuses Not Offered

    *Please note that the information provided is based on the available data and may be subject to change. It is always recommended to verify the details with the broker directly before making any decisions.

    Overview of FVP Trade

    FVP Trade is a forex broker based in the United Kingdom. As a brokerage firm, it offers a variety of trading instruments to its clients, including forex currency pairs, commodities, indices, cryptocurrencies, and metals. The broker utilizes the popular MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and advanced features. Traders have the option to open both live and demo accounts, allowing them to practice their strategies before committing real funds.

    FVP Trade does not have any regulatory oversight, which is an important factor to consider for potential clients. The broker has been operating for an undisclosed number of years, and its minimum deposit requirement is set at $5. With leverage of up to 1:500, traders can amplify their trading positions, potentially increasing both profits and risks. FVP Trade offers different types of spreads, including fixed and variable spreads, and supports market execution for trade execution.

    Traders have the flexibility to engage in scalping and hedging strategies, which can be beneficial for certain trading styles. FVP Trade also caters to the needs of Islamic traders by providing Islamic accounts that comply with Shariah principles. Deposit and withdrawal methods include bank wire transfers, credit/debit cards, Skrill, Neteller, and Bitcoin.

    When it comes to customer support, FVP Trade offers multiple channels of communication, including phone, email, and live chat. It's important to note that the broker does not provide 24/7 customer support, so response times may vary.

    basic-info

    Is FVP Trade legit or a scam?

    FVP Trade is operating without proper regulation and is considered to be illegal, it is important to exercise extreme caution and avoid any involvement with such a broker. Trading with an unregulated and illegal broker carries significant risks, including the potential loss of funds, lack of investor protection, and potential involvement in fraudulent activities. It is strongly advised to choose brokers that are regulated by reputable authorities, as regulatory oversight helps ensure transparency, fairness, and the security of client funds. When selecting a broker, always prioritize safety and legality to safeguard your investments.

    regulation

    Pros and Cons

    FVP Trade, while offering a wide range of trading instruments and providing access to the popular MT4 trading platform, faces significant drawbacks that must be taken into consideration. One of the major concerns is the absence of regulatory oversight, as the broker operates without authorization from any regulatory authority. This raises doubts about the safety and security of client funds and the overall integrity of their operations. Additionally, FVP Trade has been associated with potential fraudulent activities and has garnered a negative online reputation. The limited transparency in their operations and potential issues with customer support further add to the concerns.

    Pros Cons
    Wide range of trading instruments Lack of regulatory oversight
    Accessible MT4 trading platform Potential for fraudulent activities
    Generous leverage up to 1:500 Limited transparency in operations
    Various account types to choose from Potential for poor customer support
    Limited payment options
    Negative online reputation
    Potential withdrawal issues

    Market Intruments

    FVP Trade offers a diverse range of trading instruments across different markets, providing traders with various options to choose from. The market instruments offered by FVP Trade include:

    • Forex: Trade major currency pairs such as EUR/USD, GBP/USD, USD/JPY, as well as minor and exotic currency pairs.

    • Commodities: Access popular commodities such as gold, silver, crude oil, natural gas, and agricultural products like wheat and corn.

    • Indices: Trade global stock indices such as the S&P 500, NASDAQ, FTSE 100, DAX 30, and Nikkei 225, allowing traders to speculate on the performance of the broader market.

    • Cryptocurrencies: Benefit from the volatility of digital currencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more.

    • Metals: Trade precious metals like gold, silver, platinum, and palladium, providing opportunities to diversify investment portfolios.

    market-instruments

    Account Types

    FVP Trade offers two types of trading accounts: Live Account and Demo Account. The Live Account is for real trading with actual funds, while the Demo Account is a practice account that allows traders to hone their skills and explore the platform without risking any real money.

    The minimum deposit required to open a Live Account with FVP Trade is $5. This low minimum deposit requirement makes it accessible for traders with different budget sizes to start trading with the broker. It provides an opportunity for new and small-scale traders to enter the market and experience live trading conditions.

    The Demo Account, on the other hand, does not require any initial deposit as it is purely for educational and practical purposes. Traders can use virtual funds provided by brokers to simulate real market conditions and test their trading strategies without any financial risk.

    Both account types serve different purposes, allowing traders to choose the one that suits their needs and preferences. The Live Account is for those ready to trade with real money, while the Demo Account provides a risk-free environment for learning and skill development before transitioning to live trading.

    How to open an account?

    Opening an account with FVP Trade is easy and straightforward.

    1. Simply visit their official website and click on the “Open Account” or “Register” button.

    open-account
    1. Fill out the required information, such as your name, email address, phone number, and country of residence.

    2. You'll also need to choose between a Live Account for real trading or a Demo Account for practicing without real money.

    3. Create a username and password to secure your account. Before finalizing your registration, make sure to read and understand the terms and conditions. Once done, you're all set to begin your trading journey with FVP Trade.

    Leverage

    FVP Trade provides different leverage options for various trading instruments. For forex trading, the maximum leverage is not disclosed and may vary depending on the specific currency pair. When trading gold, commodities, and selected indices, the maximum leverage offered is typically 1:20, allowing traders to control larger positions with a smaller amount of capital. However, for cryptocurrencies, the maximum leverage is set at 1:5. It's important to understand and carefully consider the leverage levels available for each trading instrument, as higher leverage involves increased risk. Traders should assess their risk tolerance and use leverage responsibly to manage their positions effectively.

    Spreads & Commissions (Trading Fees)

    FVP Trade offers trading with spreads that are relatively high compared to some other brokers. For example, the spreads on the popular EUR/USD currency pair start from 1 pip. It's worth noting that spreads can vary depending on market conditions and the specific trading instrument. However, the broker does not disclose any information regarding commissions. Traders should be aware that additional costs in the form of commissions may apply, and it is important to consult with FVP Trade directly or refer to their official documentation for the most accurate and up-to-date information on commissions.

    spread-commission
    spread-commission

    Non-Trading Fees

    In addition to trading fees, FVP Trade may charge certain non-trading fees that traders should be aware of. These fees are typically associated with specific activities or services provided by the broker. While the exact details of non-trading fees may vary, some common examples include deposit and withdrawal fees, inactivity fees, and currency conversion fees. It is important for traders to carefully review the terms and conditions or contact the broker directly to understand the specific non-trading fees that may be applicable. By being aware of these fees in advance, traders can make informed decisions and effectively manage their trading costs with FVP Trade.

    Trading Platform

    FVP Trade offers the popular MetaTrader 4 (MT4) trading platform to its clients. MT4 is a well-known and widely used platform in the forex industry, appreciated for its user-friendly interface, advanced charting capabilities, and extensive range of trading tools. With MT4, traders can access real-time market data, analyze price charts, execute trades, and implement various trading strategies. The platform supports both manual trading and automated trading through the use of expert advisors (EAs). Additionally, MT4 is available for desktop computers, web browsers, and mobile devices, allowing traders to access their accounts and manage their trades from anywhere at any time. With the robust features and flexibility of the MT4 platform, traders can effectively engage in the financial markets and make informed trading decisions with FVP Trade.

    In addition to the MT4 trading platform, FVP Trade goes the extra mile to provide traders with a comprehensive suite of trading tools and resources. One feature is their economic calendar, a valuable tool that keeps traders informed about upcoming economic events, news releases, and key indicators that can have a significant impact on the financial markets.

    trading-platform

    Deposit & Withdrawal

    FVP Trade offers a wide range of convenient and secure deposit and withdrawal methods to cater to the diverse needs of their clients. Traders can easily fund their trading accounts using popular payment options such as Mastercard, Visa, PayPal, WebMoney, Skrill, Yandex, Neteller, UnionPay, and Bitwallet. This extensive selection ensures that clients have flexibility in choosing the method that suits them best.

    With a minimum deposit requirement of just $5, FVP Trade welcomes traders of all levels, including those who are new to the financial markets. This low minimum deposit allows traders to start their trading journey with a modest investment. It offers an accessible entry point for those who wish to explore the world of trading without committing a large amount of capital.

    Regarding withdrawal fees, the specific details are not disclosed on the broker's website. It is advisable for traders to review the terms and conditions or contact FVP Trade's customer support for more information regarding any potential withdrawal fees that may apply. While the absence of information suggests that there might be no explicit withdrawal fees, it is always recommended to verify the latest fee structure with the broker directly to ensure accurate and up-to-date information.

    FVP Trade does not explicitly disclose the exact withdrawal processing time on their website. The time it takes to process a withdrawal request can vary depending on several factors, including the chosen withdrawal method and any additional verification procedures that may be required.

    deposit-withdrawal

    Customer Support

    FVP Trade provides customer support services to assist traders with their inquiries, concerns, and technical assistance. They offer a hotline service that operates 5 days a week, 24 hours a day, allowing traders to reach out for immediate assistance during active trading hours. Additionally, their live chat support and email support are available 24/7, ensuring that traders can communicate with the broker at any time, even outside regular business hours. The broker offers multiple channels through which traders can reach their customer support team.

    One of the primary methods of contacting customer support is through email. Traders can send their queries or concerns to the provided email address, and the customer support team will respond accordingly. Additionally, FVP Trade may also offer a phone support option, allowing traders to directly speak with a representative and receive real-time assistance.

    Furthermore, FVP Trade may have a dedicated FAQ (Frequently Asked Questions) section on their website, which provides answers to commonly asked questions regarding account setup, trading processes, platform usage, and more. This resource can be helpful for traders seeking quick information or solutions to common issues.

    Educational Resources

    FVP Trade understands the importance of providing educational resources to empower traders with knowledge and skills. They offer a range of educational materials designed to enhance traders' understanding of the financial markets and improve their trading strategies.

    Traders can access technical analysis reports and tools to analyze price patterns, trends, and market indicators. This helps them make informed trading decisions based on technical factors. Additionally, fundamental analysis resources are available, providing insights into economic events, news releases, and their impact on the markets. This enables traders to consider fundamental factors alongside technical analysis when formulating their trading strategies.

    To stay updated with the latest market developments, FVP Trade offers a weekly market recap that summarizes key events, trends, and market movements. Traders can also benefit from daily market analysis, which provides in-depth insights into specific instruments or market sectors, helping them identify potential trading opportunities.

    For traders who are new to the financial markets or want to expand their knowledge, FVP Trade offers educational courses tailored for traders of different levels. These courses cover a wide range of topics, including trading basics, risk management, technical analysis techniques, and more. The courses are designed to be interactive and engaging, providing traders with a structured learning experience.

    To assist traders in understanding industry-specific terms and concepts, FVP Trade provides a comprehensive glossary. This resource serves as a handy reference guide, explaining key terms and ensuring traders have a clear understanding of industry jargon.

    By offering a variety of educational resources, FVP Trade aims to equip traders with the necessary knowledge and skills to navigate the financial markets effectively. Whether traders are beginners or experienced professionals, they can access a range of educational materials to enhance their trading capabilities and make informed decisions.

     educational-resources

    Conclusion

    In conclusion, FVP Trade is a forex broker that offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies. They offer the popular MT4 trading platform, which is known for its robust features and user-friendly interface. They also offer a demo account for traders to practice and familiarize themselves with the platform before trading with real funds. However, it is important to note that FVP Trade is not regulated by any recognized regulatory authority, which may be a concern for some traders.

    On the downside, FVP Trade lacks transparency in certain areas, such as withdrawal fees, processing time, and regulatory oversight. This may raise concerns about the broker's credibility and reliability. Traders should carefully consider these factors and conduct thorough research before deciding to trade with FVP Trade.

    FAQs

    Q: Is FVP Trade a regulated broker?

    A: No, FVP Trade is not regulated by any recognized regulatory authority.

    Q: What trading instruments does FVP Trade offer?

    A: FVP Trade offers a range of trading instruments, including forex, commodities, indices, and cryptocurrencies.

    Q: What trading platforms does FVP Trade provide?

    A: FVP Trade provides the popular MT4 trading platform, known for its advanced features and user-friendly interface.

    Q: What are the minimum deposit requirements for opening an account with FVP Trade?

    A: The minimum deposit required to open an account with FVP Trade is $5.

    Q: Does FVP Trade offer a demo account?

    A: Yes, FVP Trade offers a demo account where traders can practice and familiarize themselves with the trading platform before trading with real funds.

    Q: What are the customer support options available?

    A: FVP Trade provides a hotline for 24/5 customer support, as well as live chat and email support for 24/7 assistance.

    Q: Are there any educational resources available for traders?

    A: Yes, FVP Trade offers educational resources such as technical analysis tools, fundamental analysis materials, weekly market recaps, daily market analysis, and educational courses designed for traders of different levels.

    Q: What are the available deposit and withdrawal methods?

    A: FVP Trade supports various payment methods, including Mastercard, Visa, PayPal, WebMoney, Skrill, Yandex, Neteller, UnionPay, and Bitwallet.

    Q: Are there any withdrawal fees or deposit fees?

    A: The specific details regarding withdrawal fees and deposit fees are not disclosed on the FVP Trade website. Traders are advised to contact customer support for more information.

    Q: What is the withdrawal processing time?

    A: The withdrawal processing time is not disclosed on the FVP Trade website. It is recommended to reach out to customer support for accurate information regarding withdrawal processing times.

    News

    FVP Trade:  Fake or Real ?

    NewsFVP Trade: Fake or Real ?

    2023-10-18 17:58

    FVP Trade is a forex broker based in the United Kingdom. As a brokerage firm, it offers a variety of trading instruments to its clients, including forex currency pairs, commodities, indices, cryptocurrencies, and metals.

    WikiFX
    2023-10-18 17:58
    News
    FVP Trade:  Fake or Real ?
    5 Biggest Financial (Forex) Fraud Cases in Recent History

    Exposure5 Biggest Financial (Forex) Fraud Cases in Recent History

    2023-03-04 08:00

    Forex trading is one of the most beneficial and riskiest businesses in the financial market. However, the entire financial sector is still riddled with traps despite increased efforts by national regulators. Today we look at five well-known cases of financial fraud in recent years.

    WikiFX
    2023-03-04 08:00
    Exposure
    5 Biggest Financial (Forex) Fraud Cases in Recent History
    WikiFX Ranking: The Top 5 Most Dangerous Brokers in February 2023

    ExposureWikiFX Ranking: The Top 5 Most Dangerous Brokers in February 2023

    2023-03-01 16:52

    There are many scam brokers in the forex market. With the passing of February, WikiFX has listed the top 5 most disreputable brokers in February 2023 to warn you of potential pitfalls.

    WikiFX
    2023-03-01 16:52
    Exposure
    WikiFX Ranking: The Top 5 Most Dangerous Brokers in February 2023
    SITI prepares a class action against FVP Trade as Italian victims complain about FVP Trade fraud.

    ExposureSITI prepares a class action against FVP Trade as Italian victims complain about FVP Trade fraud.

    2022-10-26 11:27

    Italian victims complain to SITI about FVP Trade fraud. SITI is preparing a collective redress (Class Action) against this broker and is calling on investors to provide more evidence so that FVP Trade can be brought to justice.

    WikiFX
    2022-10-26 11:27
    Exposure
    SITI prepares a class action against FVP Trade as Italian victims complain about FVP Trade fraud.

    User Reviews

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    40rensicwatchcpm
    3-6months
    Yeah … be careful with these kind of group. A group called Binance crypto pump signals , or telegram name big pumps signals global with a scammer named Patrick got me. I got into VIP and then there was a Super VIP which was limited to couple people that would allow to know the name of token before the VIP, assuring me of very good profit. Took my money, block me from the group, deleted the telegram conversation and block me. Can’t even talk to him anymore. Don’t trust these scammers. Seek consultation from the company on my picture and display name .
    2023-07-18 08:13
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    0
    0
    万奇
    more than one year
    Horrible company. You will never get your money back. If you buy an account you'll be assisted for the first 2 days but once you request a withdrawal you'll be ignored. It's been 2 weeks and I still haven't received any email from this company. I hope this review is seen by everyone before joining. No one should be scammed.
    2023-02-20 16:00
    Reply
    0
    0
    泉水45282
    more than one year
    Please don´t be so imprudent in forex trading! this unregulated forex broker has succeded in cheating so many people out of their money. There are 100 exposures in wikifx, and the actual number of victims will only be higher.
    2023-02-15 18:35
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    0
    FX1289297498
    more than one year
    Funds made by fraudulent groups
    2023-01-14 13:46
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    0
    0
    初贰
    more than one year
    Terrible trading experience with FVP Trade. Make use of my username. I have made so much money working for them, but withdrawals are extremely slow.
    2022-12-19 12:51
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    0
    0
    FX1178382533
    more than one year
    This broker is 100% professional in fraud, please don't be fooled! I have been defrauded of thousands of dollars. The money is still in the account, but I can no longer log in. They took the money and ran away. Hope the police catch them soon!
    2022-12-14 18:00
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    0
    0
    向阳花59325
    more than one year
    This platform is quite good for beginners. I have traded on this platform twice, the spread is not bad, and there has been no slippage. The withdrawal was quite timely. I remember that the first time was withdrawn on the same day, and the second time was received the next day. All in all, pretty reliable.
    2022-12-13 09:46
    Reply
    0
    0
    I regret trading with this platform, they will steal your money but thanks to Gl0balreclaim.0rg for helping getting my funds back from them in a short time
    2022-12-07 00:10
    Reply
    0
    0
    潘总
    more than one year
    Terrible, this liar is so blatantly arrogant! My advice is to look it up on wikifx before trading. Even if some companies claim to have such a regulatory license, this license can be cloned! We must be vigilant to avoid being deceived. I also hope wikifx can help the victims...
    2022-12-06 10:22
    Reply
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    0
    bud
    6-12months
    If not Recoup Cart I reached after i came across it on a review I read online, Tim, Jonathan, Keith and David Moche would have fled with my $90,000 invested. It was the forensic company that saved me after paying all taxes and still couldn't withdraw.
    2022-12-02 20:38
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    0
    0
    無心17874
    more than one year
    Have you called the police? How to contact Dahuo
    2022-12-02 10:30
    Reply
    0
    0
    Anil Shelar
    more than one year
    This company is now saying that it's closed and all business handover to AMG Group, but not providing any details of AMG Group, company has cheeted comman man and now all the Founder member also invisible.
    2022-12-01 10:24
    Reply
    0
    1
    xiankgzhaoji消极的
    more than one year
    black platform
    2022-11-30 21:42
    Reply
    0
    1
    xiankgzhaoji消极的
    more than one year
    black platform liar
    2022-11-30 17:44
    Reply
    0
    2
    FX1082241487
    more than one year
    You all already know from other reviews what they have done with everyone, same happened with me, they ran away with my $3,000. So instead of focusing on my story, I would like to give a piece of advice here, NEVER EVER go with a new broker. Always choose your broker wisely if you don’t wanna lose money in this market.
    2022-11-29 16:48
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    0
    0
    韩贵杰
    more than one year
    This FVP TRADE platform just sucks, with its customer support terrible! At first, they promised you that spreads are tight and amazing. When you started to trade, they would maliciously manipulate your account, and gradually frozen your account. Until now, they still haven’t returned my $2,380. I really don’t know what to do.
    2022-11-29 15:16
    Reply
    0
    0
    做人要厚道50635
    more than one year
    No one cares about the black platform
    2022-10-25 13:13
    1
    0
    3
    more than one year
    Only the police can solve the problem, then call the police, hard-earned money, people are watching, sooner or later they will be punished
    2022-10-25 11:18
    1
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    2
    FX1452965902
    more than one year
    First of all, you WikiFX guys are now saying they suspect fake asic licenses. All scammers.
    2022-10-23 11:56
    Reply
    3
    3
    C 罗纳尔多
    more than one year
    What is this, why was cheated, my heart is the same, I thought I could make money, but I was cheated, sad! You have to have some conscience for these scammers! Is it interesting to cheat money without going the wrong way?
    2022-10-20 22:12
    Reply
    0
    0
    99+
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