एब्स्ट्रैक्ट:FVP Trade, a trading name of FVP Trade Ltd., is allegedly a financial brokerage company registered in Vietnam.
Feature | Info |
Company Name | FVP Trade |
Registered Country/Area | United Kingdom |
Founded Year | 2019 |
Regulation | Unregulated |
Minimum Deposit | $100 |
Maximum Leverage | 1:500 |
Spreads | Floating spreads starting from 1.0 pips |
Trading Platforms | MetaTrader 4 |
Tradable Assets | Forex, CFDs on stocks, indices, commodities, and cryptocurrencies |
Account Types | Standard, ECN |
Demo Account | Yes |
Customer Support | 24/5 live chat, email, phone |
Deposit & Withdrawal | Credit/debit cards, bank wire, Skrill, Neteller |
Educational Resources | Trading tutorials, webinars, articles |
FVP Trade is a trading company that is registered in the United Kingdom. The company was established in 2019, however this has exceeded and it has no authorization by the NFA. They have a diverse portfolio of tradable assets that include Forex, cryptocurrencies, commodities, indices, and stocks.
A minimum deposit of $100 is required to start trading with FVP Trade. They offer a maximum leverage of 1:500 and floating spreads that start from 1.0 pips. The company supports MetaTrader 4 trading platforms.
FVP Trade offers standard and VIP account options and provides a demo account for those who wish to practice their trading strategies. Their customer support is available 24/7 via live chat, email, and phone.
Convenient deposit and withdrawal options are available including credit/debit cards, bank wire, Skrill, and Neteller. FVP Trade also provides a host of educational resources for its traders, including trading tutorials, webinars, and articles.
Pros | Cons |
Broad range of tradable assets | Regulation by ASIC has been suspended |
High leverage ratio | Floating spreads |
Offers a demo account for practice | Limited types of accounts available |
Provides educational resources for traders |
Pros of FVP Trade
Broad range of tradable assets: FVP Trade offers a wide range of tradable assets, including forex, cryptocurrencies, commodities, indices, and stocks. This gives traders flexibility to trade the markets they are interested in.
High leverage ratio: FVP Trade offers a high maximum leverage of 1:500. This can amplify your profits but also your losses, so it is important to use leverage carefully.
Offers a demo account for practice: FVP Trade offers a demo account, which allows traders to practice trading without risking any real money. This is a great way for new traders to learn the ropes and develop their trading skills.
Provides educational resources for traders: FVP Trade provides a variety of educational resources for traders, such as trading tutorials, webinars, and articles. This can be helpful for new traders who are learning the ropes.
Cons of FVP Trade
Regulation by ASIC has been suspended: ASIC, the Australian Securities and Investments Commission, has suspended FVP Trade's registration. This means that FVP Trade is no longer authorized to operate in Australia.
Floating spreads: FVP Trade's spreads are floating, which means that they can change depending on market conditions. This can make it difficult to budget for trading and can lead to unexpected losses.
Limited types of accounts available: FVP Trade only offers two types of accounts: Standard and VIP. This gives traders limited choice in terms of trading conditions and features.
Overall, FVP Trade has some pros and cons. It is important to weigh the pros and cons carefully before deciding whether to open an account with this broker.
FVP Trade is not regulated by any major financial authority. This means that your funds are not protected by any regulatory body.
Some traders may view this as a red flag, as it means that there is no independent oversight of FVP Trade's operations.
Ultimately, it is up to each individual trader to decide whether or not they are comfortable trading with a broker that is not regulated
FVP Trade offers a wide range of market instruments for trade, including:
Force: Force products are a type of CFD (contract for difference) that allows traders to speculate on the price movements of various underlying assets, including forex, cryptocurrencies, commodities, and indices. Force products are leveraged products, which means that traders can control a larger position with a smaller amount of capital.
Metals: Metals are a type of commodity that is traded on exchanges. Common metals include gold, silver, platinum, and palladium.
Indices: Indices are baskets of stocks that track the performance of a particular market sector or the overall stock market. Common indices include the S&P 500, the NASDAQ 100, and the FTSE 100.
Cryptocurrencies: Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are often traded on decentralized exchanges, but some brokers also offer trading on cryptocurrencies.
Traders can trade these market instruments on the popular trading platforms MetaTrader 4.
FVP Trade offers two types of account: Standard and VIP.
Standard Account
The Standard Account is the most basic account type offered by FVP Trade. It is suitable for traders of all experience levels.
VIP Account
The VIP Account is a more advanced account type that offers a number of benefits, including higher leverage, lower spreads, and dedicated account manager.
Comparison of Standard and VIP Accounts
Feature | Standard Account | VIP Account |
Minimum deposit | $100 | $500 |
Maximum leverage | 1:500 | 1:5000 |
Spreads | Floating | Floating |
Dedicated account manager | No | Yes |
Other benefits | None | Increased withdrawal limits, priority customer support |
To open an account with FVP Trade, follow these steps:
1.Visit the FVP Trade website and click on the “Open an account” button.
2.Enter your personal information, including your name, email address, and phone number.
3.Choose your account type (Standard or VIP).
4.Accept the terms and conditions and click on the “Submit” button.
You will then be asked to verify your identity by providing a copy of your passport or driver's license. Once your identity has been verified, your account will be opened and you will be able to start trading.
FVP Trade offers a maximum leverage of 1:500 for its Standard Account and 1:5000 for its VIP Account. This means that traders can control a position worth 500 or 5000 times their own deposit.
Leverage can be a powerful tool for traders, but it is important to use it carefully. High leverage can amplify profits, but it can also amplify losses.
Traders should carefully consider their risk tolerance before using leverage. It is important to remember that you can lose more money than you deposit if you use too much leverage.
Traders should start with a low leverage ratio and increase it gradually as they gain experience. They should also use stop-loss orders to limit their losses and be aware of the risks involved in trading with leverage.
FVP Trade operates with floating spreads that start from 1.0 pips. Floating spreads are highly dependent on market conditions and can be either advantageous or disadvantageous for traders depending on market volatility. As for commissions, the company has not provided any specific information. You may need to contact FVP Trade's customer service for detailed information about their commission structure.
FVP Trade offers MetaTrader 4 as its trading platform. MetaTrader 4 is a popular trading platform that is used by millions of traders around the world. It is known for its user-friendly interface and its wide range of features.
MetaTrader 4 features:
Technical analysis indicators: MetaTrader 4 offers over 30 technical analysis indicators, which can be used to analyze market trends and make trading decisions.
Charting tools: MetaTrader 4 offers a variety of charting tools, which can be used to create and analyze charts of market prices.
Order types: MetaTrader 4 offers a variety of order types, which can be used to control your risk and maximize your profits.
Risk management tools: MetaTrader 4 offers a variety of risk management tools, which can help you protect your capital.
Automated trading: MetaTrader 4 allows you to automate your trading using Expert Advisors (EAs). EAs are programs that can be used to trade automatically based on your trading rules.
MetaTrader 4 is a good choice for traders of all experience levels. It is easy to use and has a wide range of features that can help traders manage their risk and improve their trading results.
FVP Trade offers several deposit and withdrawal methods for the convenience of its users. These include widely accepted options such as credit/debit cards, bank wire transfers, and electronic wallets like Skrill and Neteller. The company's goal is to make transactions as hassle-free as possible for its traders.
However, FVP Trade has not disclosed specific information regarding the fees associated with deposits or withdrawals. It is highly recommended for potential users to reach out to the customer service department, or carefully read the terms and conditions provided by the company, to fully understand any potential charges that may arise during transactions.
FVP Trade offers a well-organized customer support system. They understand the importance of prompt support and provide assistance 24/5 via different methods - live chat, email, and phone. This implies traders can get in touch with the support team and expect timely responses to their queries or concerns at any time, day or night. The 24/5 availability of support can greatly benefit traders across different time zones. In summary, the customer support of FVP Trade demonstrates an effort to maintain high service to meet the needs and expectations of their clients.
FVP Trade provides a range of educational resources aimed at enhancing the trading knowledge and skills of its users. These resources include webinars, e-books, and video tutorials.
Webinars offer live, interactive sessions where traders can learn about various aspects of trading and the financial markets from experts.
E-books provide detailed information on trading concepts and strategies, market analysis, and more. These are useful for both beginners and experienced traders as they can refer to these anytime and learn at their own pace.
Video tutorials offer visual and detailed step-by-step guides on using the trading platform, understanding technical indicators, mastering trading strategies, and so on.
These educational resources provided by FVP Trade can be incredibly beneficial for traders to improve their knowledge, stay updated with the market trends, and make informed trading decisions.
FVP Trade is a trading platform that provides a wide array of advantages, including an extensive range of educational resources such as trading tutorials, webinars, and articles which can be incredibly beneficial to traders, especially those who are learning the ropes. The platform also offers 24/5 customer support, ensuring that traders can receive assistance whenever needed. It enables numerous deposit and withdrawal methods making transactions conveniently.
However, there are also some disadvantages to consider. These include the non-disclosure of specific fee information related to deposits or withdrawals, which could potentially lead to unexpected costs. Furthermore, FVP Trade is not regulated by any major financial authority may raise concerns about the platforms credibility and the safety of traders' investments.
Q: What different types of assets does FVP Trade offer for trading?
A: FVP Trade provides a broad range of trading assets, accommodating all types of traders. The offering includes popular assets like Forex, CFDs, and Cryptocurrencies.
Q: What is the minimum amount needed to start trading with FVP Trade?
A: FVP Trade keeps the required starting deposit minimal, enabling traders of various budget categories, including beginners with a smaller initial investment, to start trading.
Q: Could you explain FVP Trade's leverage ratio and its potential effects?
A: FVP Trade allows a significant leverage ratio, which has the potential to significantly increase trader's earnings. However, it's essential to remember that high leverage also has the potential to increase losses.
Q: What are the supported trading platforms at FVP Trade?
A: FVP Trade is compatible with a number of trading platforms, among them MetaTrader 4. This allows traders to select a platform they are comfortable using.
Q: Do FVP Trade provide the option of a demo account for traders to practice?
A: Absolutely, FVP Trade includes the provision of a demo account. This greatly benefits traders as it lets them get used to the platform and trial different trading approaches without the risk of losing real money.