FVP Trade is a popular online trading platform that has recently become the target of scam allegations, leaving many investors and traders wondering if they can still trust the broker. To help you get a better understanding of FVP Trade, our FVP Trade review will provide fvp trade wikipedia of its features, advantages, disadvantages, and what users should look out for when using the platform.
Broker Name – FVP Trade
Broker Website- https://fvptrade-pamm.com/
Headquarters or Area of Operation – China
Warnings – Not Recommended By Review Website Like Scam Victims Help
When was the FVP Trade website domain set up?
|Date Registered||April 11, 2022|
|Domain Age||2 months, 21 days, 21 hours, 24 minutes, 20 seconds|
FVP Trade broker scam activities
Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money.
FVP Trade Regulation:
As you all might know, the regulation is one of the most important checkpoints that one must look for while searching for a brokerage firm. Due to the increasing inflow of scammers in the market, the regulations set up barriers to make sure that the scammers stay away from the market. For this, they introduced the licenses. For a company to acquire a license, it must go through a variety of tests. However, these tests are not as easy as they might sound like. If a company does not have a license, it means that the company is UNAUTHORISED and not fit for trading. In our case, if FVP Trade is unregulated, then this raises the first red flag against the broker in this FVP Trade review. Read More in Scam Broker 2022.
Is Minimum Deposit permissible?
The minimum deposit is generally asked in very small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10. If the broker asks for an amount more than the average, chances of a scam.
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If this broker offers leverage more than this, it is a sign that FVP Trade is a potential scam.
FVP Trade Reviews and Complaints
You can find many negative FVP Trade reviews according to fvp trade latest news on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2022 list, which indicates who are scam brokers and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers. There are many fvp trade withdrawal issues also which are reported.
An Example of Negative FVP Trade Reviews
Reviews on Trustpilot say – “Removed FCA regulation as it didn’t cover CFD trading. Removed Asic Regulation as I’m sure it probably also didn’t cover financial services.”
To sum up, all that has been said above, we give you the power to decide whether the broker is a scam or not. We request the readers to move forward with extreme caution. If you have been a victim of FVP Trade scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team in fund recovery!