Summary of FVP Trade Trading Company
FVP Trade is a scam broker operating illegally in the UK without proper regulation. The start date of its operations remains undisclosed.
FVP Trade operates as a Ponzi scheme, attracting new clients instead of engaging in genuine investments. Money from new clients is used to pay older ones, creating a false impression of success. This type of financial pyramid poses a significant risk to the crypto community.
FVP Trade conceals its operations, deceives individuals, and jeopardizes their financial security. The broker employs dubious fundraising methods that typically last no more than three years. After one to two years, the owners of such platforms often disappear with clients' money, as was the case with FVP Trade.
Numerous traders have reported being unable to withdraw their funds from FVP Trade, confirming the broker's fraudulent activities. Consequently, it was blacklisted in 2024.
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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.
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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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