FP Markets is a forex and CFD broker that has been in operation since 2005. The company is headquartered in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). However, there have been some allegations that FP Markets is a scam.
Company Overview
FP Markets offers a wide range of trading products, including forex, CFDs, stocks, indices, and commodities. The company also offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5.
Team
The FP Markets team is made up of experienced traders and financial professionals. The company also has a dedicated customer support team that is available 24/7.
Services or Products
FP Markets offers a variety of services and products to its clients, including:
- Forex trading: FP Markets offers a wide range of forex pairs to trade, including major, minor, and exotic pairs.
- CFD trading: FP Markets offers CFDs on a variety of assets, including stocks, indices, commodities, and cryptocurrencies.
- Stocks: FP Markets offers trading in a variety of stocks, including US, UK, and Australian stocks.
- Indices: FP Markets offers trading in a variety of indices, including the S&P 500, the Dow Jones Industrial Average, and the FTSE 100.
- Commodities: FP Markets offers trading in a variety of commodities, including gold, silver, oil, and natural gas.
License and Regulations of Fpmarkets
FP Markets is regulated by the ASIC in Australia. The ASIC is a government agency that regulates financial markets in Australia. FP Markets is also regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines.
License Status
FP Markets is licensed by the ASIC in Australia. The ASIC is a reputable regulator and its licensing requirements are strict. This means that FP Markets is required to meet certain standards of financial stability and conduct.
Regulation Status
FP Markets is regulated by the FSA in St. Vincent and the Grenadines. The FSA is a less reputable regulator than the ASIC. However, FP Markets is still required to meet certain standards of financial stability and conduct.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of risks associated with dealing with an unlicensed broker. These risks include:
- The broker may not be able to protect your funds.
- The broker may not be transparent about its trading practices.
- The broker may not be regulated by a reputable financial authority.
Legal Warning Against Fpmarkets Scam
In 2021, the ASIC issued a legal warning against FP Markets. The warning stated that FP Markets was making false and misleading representations about its services. The warning also stated that FP Markets was not authorized to provide financial services in Australia.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about FP Markets online. These reviews complain about the company’s trading platform, customer service, and withdrawal policies.
Feedback About Their Trading
Some clients have complained that the FP Markets trading platform is slow and unreliable. Others have said that the company’s spreads are too wide.
Feedback About Their Customer Service
Many clients have complained about the FP Markets customer service. They say that the customer service representatives are rude and unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by a forex broker, Reviews Advice can help you get your money back. We have a team of experts who can investigate your case and help you file a complaint with the relevant authorities. We can also help you get your money back by providing with some recovery service recommendations.
Final Thought
There is a lot of evidence to suggest that FP Markets is a scam. The company is not regulated by a reputable financial authority, it has been accused of making false and misleading representations, and it has received a number of negative reviews from its clients. We hope this article has been helpful. If you have any further questions, please feel free to contact us.
