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FVP Trade -

Score

1.51 /10
Danger

FVP Trade

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom Payment License Revoked

Suspicious Overrun

High potential risk

https://fvptrade.info

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Comparison

Quantity 102

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.97

Risk Management Index0.00

Software Index4.00

License Index0.00

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

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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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 7
Previous Detection : 2025-02-24
  • 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 Survey

Danger

FVP Trade

United Kingdom

WikiFX Verification

Exposure

102 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

Unable to withdraw. Please return our money. Please return our principal.

2023-02-25 15:02
Unable to Withdraw

FVP return our money! Return money! Return money! Return money!

Return our principle! FVP is deceiving us and induce to invest. Then, they abscond very quick and disappear!

2023-01-30 08:24
Unable to Withdraw

FVP trade duped me and now many other investors.

FVP trade duped investors and now their website is not able to access. People invested in crores and now there is no where abouts of FVP heard. we are not able to login and there is no point of withdrawal. I invested 2,000 dollars and after few weeks the app stopped working and they quoted absurd reasons and now they are not in communication.

2022-10-23 02:12
Scam

This company made scam by snatching money.

This company made scam by taking money from people . I'm one of victim who stuck and falls in these Ponzi scheme. They showing attractive return upto 10% every month . I get attracted to these Charmful return and get stuck. Even I invested 3k dollar by taking loan from bank and by now situation has come I thought about suicide. Because unable to paid EMI of loan. They will not live their life in well manner who involved in these scam. Shameful people.

2022-09-27 00:00
Unable to Withdraw

Fraud platform

Fraud platform. Unable to withdraw. It is said three months, but it has been half a year.

2022-11-25 09:44
Unable to Withdraw

Unable to withdraw

This is a fraud broker and cannot withdraw. Ask you to deposit first, but do not withdraw later. Fraud platform

2023-02-21 02:37
Unable to Withdraw

Never let down with this broker

I was aggressively convinced to invest with this broker and in an attempt to realize profit, i did what i was told and began making profits like they said Before finrecoup each of my request to withdraw was met with rejection my saving grace was that i kept receipts of my transactions with FVP Trade they really wanted me to keep investing with no end in sight

2022-10-28 01:13
Unable to Withdraw

Ponzi scheme

I invested about a lot with this firm over the since February , and rencenly , they issued me an email informing me that my activities were unlawful and that I had to pay a nearly $17,000 fee before I could continue trading or request a withdrawal. I repeatedly reached out to customer care to enquire about what exactly was prohibited about my business, but I never heard back. the withdrawal did not go through. USERNAME. Without them, they would have held my money in their possession forever.

2022-11-05 06:21
Unable to Withdraw

It is suspected to be a fraud. Unable to withdraw

flukes value management solutions pty ltd's withdrawal requires 15 to 20 days. It is weird

2022-10-15 17:17
Others

FVP foreign exchange

Cannot open the mainnet, we suffer a heavy losses, and the company can’t be found! [d83d][de21][d83d][de21][d83d][de21]

2022-11-22 16:48
Scam

FVP defrauds investors

The announcement claimed that FVP was injected money by AMG, and the handover period was 3 months, but the latest announcement was still on August 25, which has been overdue for more than a month, and no one from the company has come forward to explain that. Now it's even too lazy to update the announcement! Obviously, it is defrauding investors, delaying time, and defrauding funds.

2022-10-06 08:46
Unable to Withdraw

From July 18, 2022 until now, I have not been able to withdraw

Since FVP announced to temporarily freeze the account due to inspection until August 25, 2022, we have not received any notice from FVP company. and currently we are not able to withdraw money either. So our investors applied for the help of the British Consulate General in Ho Chi Minh City, Vietnam to verify if the FVP Trade company is a real company or a virtual one. If it is true, then we want to apply for a visa to go there to meet the representative of FVP Trade company. Currently, investors are very confused. Because the people who brought me back to Vietnam have completely escaped and can't be contacted.

2022-11-08 13:59
Others

It is about to abscond

It is about to abscond. Everyone report now. Mohan Nadi website can no longer be logged in!

2022-10-19 12:26
Others

Can't login to website anymore.

I cannot login to the FVP/AMG website anymore. Kept getting the attached error message. Anyone going after the founders?

2022-10-19 11:02
Unable to Withdraw

Took long to solve my case

Betrayal is the theme of this firm. They con you into giving them your money and then claim you must pay taxes on it in order for them to return your investment money. Of course, you become wise and realise this is a scam.The Assetsclaimback/com increased my investment after I was able to withdraw them but it’s all fraud don’t invest with FVP Trade it’s all fraud they can be exposed try it.

2022-10-28 05:26
Scam

FVP Trade Couldn't Get Away even though their website is down

FVP trade have swindled a lot of us and absconded but they couldn't get away with my funds just like that.It all started when i was introduced to this broker by an online friend whom i later realized to be part of the whole scam. I transferred funds to FVP wallet address from my exchange so as to fund my MT5 account and started trading. I traded to a certain point where i decided to withdraw and all withdrawal requests were declined. Not too long after the requests were declined, Their website got shut down and it was at that point I realized painfully that I have been involved in a scam. I made consultations to a Tech friend who advised I report to the cybercrime police department with joint conjunction with private investigative firms and the outcome is represented below in my proofs below showing my deposits and others.

2022-10-28 01:29
    FVP Trade · Company summary
    FVP TradeReview Summary
    Founded2023-02-09
    Registered Country/RegionUnited Kingdom
    RegulationSuspicious Clone(ASIC), Revoked(FCA)
    Market InstrumentsForex, Metals, Indices, Commodities, Cryptocurrencies
    Demo Account✅
    Leverage/
    SpreadCompetitive
    Trading PlatformMT4
    Min Deposit/
    Customer SupportEmail: info@fvptrade.info
    Facebook, LinkedIn, Instagram, Twitter, YouTube

    FVP Trade Information

    FVP Trade is a newly registered CDF broker specializing in various financial markets access to FX, indices, commodities, and other CFDs. The broker provides a demo account and 24/5 Multilingual Customer Service. Traders also can access the MT4 trading platform through FVP Trade. However, FVP Trade is still risky due to its abnormal supervision, incomplete necessary information, and negative voices.

    FVP Trade Information

    Pros and Cons

    Pros Cons
    24/5 Multilingual Customer ServiceSuspicious Clone, Revoked
    MT4 availableNo fee information
    Demo account availableUnspecific account and withdrawal information
    Some negative information: unable to withdrawal

    Is FVP Trade Legit?

    The Australia Securities & Investment Commission(ASIC) regulates FVP Trade with license number 001289584 and License Type Appointed Representative(AR). However, the 'Suspicious Clone' current status is less safe than a regulated one. Financial Conduct Authority also regulates FVP Trade(FCA) under Revoked status.

    This is inconsistent with the broker's claims of being compliant and regulated. There seems to be suspicion of concealing actual supervision. Traders should pay attention.

    Is FVP Trade Legit?
    Is FVP Trade Legit?
    Is FVP Trade Legit?

    What Can I Trade on FVP Trade?

    FVP Trade offers various market instruments access to over 100 instruments, including currency pairs, indices, commodities, metals, and cryptocurrencies.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Indices✔
    Cryptocurrencies✔
    Precious Metals✔
    Shares❌
    ETFs❌
    Bonds❌
    Mutual Funds❌
    What Can I Trade on FVP Trade?

    Trading Platform

    Traders can conduct financial activities in MT4 with various trading strategies and implement EA systems. Junior traders prefer MT4 over MT5.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔-Junior traders

    Deposit and Withdrawal

    FVP Trade accepts MasterCard, VISA, PayPal, Skrill, Yandex, NETELLER, UnionPay, and more for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

    Deposit and Withdrawal

    News

    NewsFVP Trade: Fake or Real ?

    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
    FVP Trade: Fake or Real ?

    Exposure5 Biggest Financial (Forex) Fraud Cases in Recent History

    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
    5 Biggest Financial (Forex) Fraud Cases in Recent History

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

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

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

    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
    SITI prepares a class action against FVP Trade as Italian victims complain about FVP Trade fraud.
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    User Reviews

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    User comment

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    Comments

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    dhewsh
    more than one year
    The desktop trading platform still times you out every 30 seconds and doesn't allow you to use it. I've lodged a complaint with support, but it's not resolved yet. I've introduced new traders who are more accustomed to using desktop platforms compared to MetaTrader, but I have to advise them to pause their trading or stop altogether so they don't lose money.
    The desktop trading platform still times you out every 30 seconds and doesn't allow you to use it. I've lodged a complaint with support, but it's not resolved yet. I've introduced new traders who are more accustomed to using desktop platforms compared to MetaTrader, but I have to advise them to pause their trading or stop altogether so they don't lose money.
    Translate to English
    2024-03-22 16:11
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    40rensicwatchcpm
    more than one year
    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 .
    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 .
    Translate to English
    2023-07-18 08:13
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