FVP Trade Review 2022 – 100% Unregulated Scam Broker

FVP Trade Detailed Review

Do you know those people who speak a lot and say nothing? FVP Trade is an excellent example of that. The broker shows us an array of awards, regulations, and more, but nothing of that is true. We can only say to try to withdraw the money as fast as possible for those who are trustworthy enough to believe this scam.

FVP Trade Regulation and Security

FVP Trade is a brand of FVP Trade Ltd, allegedly based all around the globe. According to the broker’s website, the company has regulations in BVI, Canada, the US, and Australia. However, no matter which of these registers we checked, we found nothing. FVP Trade Ltd is not even a registered entity, so of course, it’s not a regulated one either. If you’re looking to start trading, find a Tier1 regulated broker, FCA, ASIC, or BaFin. And make sure to check the regulator’s register first.

Fund Withdrawal Issues

Suppose you started investing with an FVP Trade broker. First of all, it’s a challenging task since the broker does not disclose a minimum deposit. It means that you will have to wait for a call from employees to evaluate your financial situation. Once you deposit, you will be offered a $100 or $200 bonus. And it sounds terrific, free money, nice starting boost. To withdraw the money after this boost, you need to turn over a minimum 6 lots within 30 days. Just for your understanding, average traders are starting with 0.01 lots since that is a minimum.

The broker often gives the bonus without prior asking and trying to convince clients that it’s all a part of their terms and conditions.

The minimum withdrawal amount is $5. However, there are so many fees that if you try to withdraw any smaller amount, you will cover commission and get nothing to your bank.

Traders Opinion

Clients are getting to sign the so-called MMA agreement, among other papers. It means an account manager fully manages your account. It sounds like a good thing, especially if you know nothing about the market. Yet, once you insist on withdrawals, this same manager is investing your money lousy, so you will lose everything and stop bothering the company.

It sounds like a lovely cyber fraud, we can agree.

How Online Trading Scams Work?

Online trading scams usually start with an overpromising advertisement showing the life you could have if you started investing. Combined with other news you hear every day, such as Bitcoin price or the price of Tesla shares, you start believing that your dreams are just around the corner. Unfortunately, many companies that advertise themselves are nothing but bogus operations, such as FVP Trade, established with an utmost goal of taking as much money as possible and disappearing. It’s not uncommon for these companies to suddenly close their website or relocate to another offshore country. Some of them keep existing with another domain, pretending to be not related to a similar-named scam.

Once you fall for the story and invest your money, you will be assigned with an account manager. He will do anything in his power to help you make money. Of course, that money will be only virtual and only on your screen. You will be persuaded to invest more because there’s always a better market opportunity.

Suppose you decide you cannot afford further investment and want your funds back. You will discover that your account manager is no longer available and your account is no longer accessible.

It’s a common scam offshore brokers are conducting. Report anything suspicious and never let scammers run with your funds!

Got Scammed by FVP Trade?

There’s a chance you have been scammed by FVP Trade or any other illicit brokerage. Yes, it happens, and it’s not the end. There’s always a solution! You need to file a dispute and request a chargeback.

A chargeback is a way for your bank to reverse the transaction if you can prove you have been a victim of an online scam. Since FVP Trade is offshore, such a process requires knowing international processors and international banks. For assistance with this matter, contact professionals.

With years of experience, we’re here to assist you and help you get a positive dispute resolution. Don’t hesitate, get in touch now and let’s get back to what’s rightfully yours!

FVP Trade Review 2022 – 100% Unregulated Scam Broker (Video):