Warning: Is FVP Trade a Scam?
Be careful of FVP Trade (fvptrade.info); it displays several indicators of a scam. Users have reported withdrawal issues.
FVP Trade (fvptrade.info) - Legit or Fraud?
Our experts strongly advise you to steer clear of FVP Trade (fvptrade.info).
We found that the company name is FVP trade Ltd, it is located at 71-75 Shelton Street, London, WC2H 9JQ, United Kingdom, the phone number is '+442070973172, and the support email is support@fvptrade.info.
FVP Trade claims to be a investment platform, but it is currently not authorized by any top-tier authority, like the ASIC or CySEC.
Scammed by FVP Trade?
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Regulatory Check: FVP Trade
FVP Trade operates without oversight.
Trading with unregulated entities is extremely unsafe. Legitimate firms are must be registered with agencies like the FCA, CySEC, or CFTC to protect investors.
FVP Trade lacks this protection. This means there is no legal recourse if they keep your funds. Most online scams involve unlicensed actors, and recovering money from them is challenging without professional assistance.
For example, in the UK, unlicensed firms are not covered by the Financial Ombudsman. In America, they are not members of regulatory bodies, so your capital is completely exposed.
How They Steal Money
Online trading fraud is evolving. Scammers use social engineering to steal your savings. Below are typical tactics used by brokers like FVP Trade (fvptrade.info).
Pig Butchering & Romance Scams
The "Romance Scam" is a brutal tactic where scammers groom victims over months. They fake a relationship online. Eventually, they introduce a special crypto opportunity. It's a trap to lure you onto a fake platform like FVP Trade.
Rigged Platforms
Fraudsters build websites that mimic real trading apps. You see graphs and balances that go up. But it is a game. The broker controls the numbers to convince you to deposit more. When you try to withdraw, the "profits" disappear.
Other Warning Signs
- Cold Calling: They call you from "brokers" you don't know.
- Unregulated: The firm has no legal registration.
- High Returns: They promise huge profits with no risk.
- Withdrawal Issues: You cannot get your money out. They demand "tax fees" first.
- Pressure Tactics: Agents push you to deposit more.
Do not trust positive ratings. Scammers often post their own 5-star reviews to look legitimate.
Final Thoughts
Our verdict is to avoid FVP Trade. It appears to be a fraud. Save your funds and find a licensed broker. Avoid fvptrade.info at all costs.
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