What is FVPTrade.com?
FVPTrade.com is a website that claims to be a forex broker. They offer a platform for you to trade on and say that they are regulated by the Financial Commission. However, there are many red flags that make us question whether or not this broker is legit. For one, their website is very poorly designed and doesn’t look professional at all. Secondly, they don’t seem to have any real customer reviews or testimonials anywhere on their site or on the internet. And lastly, their regulation status is not as clear as it should be. Overall, we would not recommend trading with this broker.
Is FVPTrade.com a Legit Forex Broker or a Scam?
FVPTrade is a Forex broker that offers its clients the ability to trade in a variety of global currencies. The company claims to be based in the UK and to be regulated by the Financial Conduct Authority (FCA), but there is no information on the FVPTrade website about who owns or runs the company.
The website does not provide any contact details other than an email address, and there is no physical address or phone number given for the company. This lack of transparency is a cause for concern, as it means that potential clients have no way of knowing who they are dealing with when they sign up with FVPTrade.
The broker offers two account types – a Standard account and a VIP account – both of which require a minimum deposit of $500. There is no information provided on the website about spreads or leverage, and no demo accounts are offered. This makes it difficult for potential clients to assess whether or not FVPTrade is a good choice for them before committing to investing any money.
The only way to fund an account with FVPTrade is via bank transfer, and there are no details given on the website about how long withdrawals will take to process. This lack of information makes it difficult to know what to expect from the broker in terms of service levels.
Overall, the lack of transparency surrounding FVPTrade gives us cause for concern. The fact that there is no contact information available and that accounts can only be funded via bank transfer
What are the Pros and Cons of trading with FVPTrade.com?
FVPTrade.com is a new online broker that offers traders the ability to trade forex, CFDs, and cryptocurrency. The company is based in Bulgaria and is regulated by the Financial Supervision Commission (FSC).
The website is available in English, Russian, and Spanish.
Pros:
– User-friendly platform
– Competitive spreads
– Wide range of tradable instruments
– Negative balance protection
– Regulated by the FSC
Cons:
– Limited education resources
– No MetaTrader platforms
What do other traders say about FVPTrade.com?
When it comes to what other traders say about FVPTrade.com, there are definitely mixed reviews out there. Some traders claim that this broker is a complete scam, while others say that they’ve had success with them. It’s important to remember that not all brokers are created equal, and each individual’s experience may vary. With that said, it’s always a good idea to do your own research before investing any money into a broker.
Conclusion
FVPTrade.com is a popular forex broker that offers traders the ability to trade a wide variety of currency pairs. While the company has been in operation for several years, there are some concerns about its legitimacy. In this review, we will take a look at the broker and see if it is a legitimate option for forex traders.