deposit:
- 5 USD
Trading platform:
- MT4
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of FVP Trade Trading Company
FPV Trade claims to operate globally and provide online trading with multiple assets. According to the company, here one can trade on MT4 on competitive trading conditions. In addition, FPV Trade claims to be licensed by relevant financial regulators, though in fact it possesses no licenses required to offer any financial services. The company cannot be recommended for partnership. Please consider selecting a reliable UK broker that would be indeed licensed to operate in the country.
Trade with this broker, if:
- You want a wide range of tradable assets, as FVP Trade offers access to forex, CFDs on shares, metals, commodities, indices, and cryptocurrencies, providing diverse trading opportunities.
- You specifically prefer trading with the MT4 platform. FVP Trade exclusively supports the MetaTrader 4 (MT4) trading platform.
Do not trade with this broker, if:
- Regulatory oversight is crucial for you. FVP Trade claims to be regulated in the UK, but the absence of listing by the Financial Conduct Authority (FCA) raises significant concerns. This lack of regulation puts your funds at risk, as there is no oversight or financial security provided by a recognized regulatory body.
- You are cautious about user reviews and warnings from financial watchdogs. Numerous reports highlight concerns about FVP Trade's practices, including delayed withdrawals, unresponsive customer support, and potential scams.
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Trading Conditions for FVP Trade Users
| 💻 Trading platform: | MT4 |
|---|---|
| 📊 Accounts: | Demo, Real |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | No |
| 🚀 Minimum deposit: | 5 USD |
| ⚖️ Leverage: | 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0,01 |
| 💱 Spread: | 1 pips |
| 🔧 Instruments: | Forex, Metals, Oil, Index CFDs, Stock |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | No |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | no |
Contacts
| Foundation date | 2017 |
| Official site | https://fvptrade.com |
| Contacts |
Email:
support@fvptrade.com,
|
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
Articles that may help you
FAQs
Why has FVP Trade been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against FVP Trade by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of FVP Trade is down, not updated or operates with clear errors and some features are not available;
• FVP Trade has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if FVP Trade got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why FVP Trade got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from FVP Trade?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if FVP Trade is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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