Is FVP Trade Legit or a Scam?
Run away! FVP Trade is a well-documented scam broker, and any interaction with them puts your funds at significant risk. This review will expose their deceptive practices and provide safer alternatives to protect your hard-earned money.
What is FVP Trade?
Broker Status: | Offshore Scam Broker |
Regulated by: | Unlicensed Forex Provider / No Regulation |
Scammers Websites: | FVPTrade.com / FVPT-UK.com |
Operating Status: | Active Forex Trading Scam |
Blacklisted as a Scam by: | N/A |
Broker Owner: | FVP Trade Ltd |
Headquarters Country: | British Virgin Islands |
Foundation Year: | 2017 |
Trading Platforms: | MetaTrader 4 (MT4) |
Mobile Trading: | Available via MT4 Mobile App |
Minimum Deposit: | $5 |
Deposit Bonus: | No Bonuses |
Crypto Asset Trading: | Available |
CFD Trading Option: | Yes, you can trade CFDs |
Trading Instruments: | Forex (FX) / Commodities / Indices / Shares / Cryptocurrencies (Cryptos or Digital Currencies) |
Maximum Leverage: | N/A |
Islamic Account: | Not Available |
Free Demo Account: | No, only live trading accounts |
Accepts US Clients: | US traders are accepted |
Global Fraud Protection Team: | Don’t Invest in This Scam Broker! |
FVP Trade claims to be a cryptocurrency and forex provider, but in reality, it’s a clever facade for a sophisticated cyber-fraud scheme. They lure unsuspecting individuals through false promises of easy money and a brighter financial future.
If you have lost money to companies like Privee CIE Partners, or SharzinBank; please report it to us on our report a scam form.
FVP Trade Details: Red Flags and Warning Signs:
Here’s a glimpse into their shady tactics:
- False regulation claims: FVP Trade falsely claims to be regulated by reputable authorities like the FCA, which is demonstrably untrue. This is a major red flag and a clear sign of their deceitful nature.
- Unclear account details: They lack transparency regarding account types, minimum deposits, and withdrawal fees. This lack of clarity is often a deliberate strategy to lure victims and make it difficult for them to understand the true costs involved.
- Aggressive sales tactics: FVP Trade’s support team employs manipulative tactics, promising unrealistic returns and posing as “friends” to gain trust. They may even pressure you for access to your online banking details or devices, putting your financial information at risk.
- Unsolicited communication: They use various channels like phone calls, emails, social media, and dating apps to target potential victims. Be wary of unsolicited offers promising high returns or joint investments.
- Hidden fees and charges: When attempting to withdraw funds, FVP Trade may suddenly impose unexpected fees and taxes, making it impossible to recoup your investment.
Customer Complaints and Negative Reviews:
Many victims have reported their experiences with FVP Trade, highlighting:
- Difficulty withdrawing funds: Once the money is deposited, victims often find it virtually impossible to withdraw it, with the platform citing fabricated fees and excuses.
- Fake profits and manipulated accounts: FVP Trade might create fake trading results to lure victims into investing more.
- Aggressive and manipulative tactics: Victims often report experiencing aggressive sales tactics, pressure, and emotional manipulation to invest more money.
FVP Trade Alternative Brokers:
Instead of risking your funds with this company, consider reputable and properly regulated brokers with a proven track record of ethical conduct and transparency. Here are some trustworthy alternatives:
- Interactive Brokers
- TD Ameritrade
- Charles Schwab
- eToro
- Fidelity Investments
Before investing with any broker, conduct thorough research, verify their regulatory status, and read independent reviews to ensure their legitimacy and trustworthiness.
Got Scammed by FVP Trade? We Help Victims!
If you have unfortunately fallen victim to FVP Trade’s fraudulent practices, remember you’re not alone. Seek legal advice and report the scam to the relevant authorities. While recovering lost funds can be challenging, seeking help early can maximize your chances of success.
Remember, it’s crucial to stay vigilant against such scams. Never invest based on unsolicited offers, verify information independently, and only trust regulated and reputable brokers to safeguard your financial well-being.
ReviewsAdvice will provide you recovery service recommendations, which will help you in recovering the lost funds or you can report to us today by the below form.