|Regulated
WikiFX Score
United Kingdom
Comparison
442070973172
support@fvptrade.com
https://www.facebook.com/fvptrade
https://twitter.com/FVP_Trade
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VPS Standard
No restriction on the broker account. Provide service support by WikiFX
Single Core
1G
40G
Company Name
FVP trade Ltd
Phone of the company
442070973172
Company website
Twitter
Facebook
Customer Service Email Address
support@fvptrade.com
Company address
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Pyramid scheme complaint
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United StatesNFA (license number: 0536360) The regulatory status is abnormal, the official regulatory status is Unauthorized, please be aware of the risk!
This broker exceeds the business scope regulated by United States NFA(license number: 0536360)National Futures Association-UNFX Non-Forex License, please be aware of the risk!
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The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)，founded in 2000, is Canada’s financial intelligence unit (FIU)， with its headquater located in Ottawa. FINTRAC is established by, and operates within the ambit of, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its Regulations. The Centre is mainly responsible for the detection, prevention and deterrence of money laundering and the financing of terrorist activities financing and other threats to the security of Canada.
Current Status:
RegulatedLicense Type:
Currency ExchangeRegulated in Country/Area
Regulatory License No.：
M21364520Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
2024-01-31Address of Licensed Institution :
310 - 1 VALHALLA INN RD, SUITE 1200 TORONTO, ON, CANADA M9B1S9Phone Number of Licensed Institution :
(548) 990-1211Licensed Institution Certified Documents :
Annex1
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
RegulatedLicense Type:
Appointed Representative(AR)Regulated in Country/Area
Regulatory License No.：
001289584Email Address of Licensed Institution :
jason@hlkgroup.com.auLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
118 252 Russell St Melbourne VIC 3000Phone Number of Licensed Institution :
1300 669 605National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
Current Status:
UnauthorizedLicense Type:
Common Financial Service LicenseRegulated in Country/Area
Regulatory License No.：
0536360Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
--Phone Number of Licensed Institution :
--Licensed Institution Certified Documents :
Annex1
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General Information & Regulation
FPV Trade is a CFD broker that provides online trading in a wide range of financial assets. And it further claims to support the renowned MetaTrader4 platform and to offer attractive spreads. FPV Trade hold a license authorized and regulated by FINTRAC in Canada, with regulatory license number M21364520.
Markets Instruments
Tradable financial instruments available on the FPV Trade platform include forex currency pairs, precious metals, indices, commodities, and crypto currency.
Minimum Deposit
The minimum deposit appears to be just $5. This would be perfect, had the broker been legit.
Leverage
Most unregulated brokers are usually quite generous with leverage, as they dont face any restrictions.
Spreads & Commissions
The EUR/USD cost of trade is said to be 1 pip, but as it already became clear, we couldnt verify this information.
Trading Platform Available
The trading software FVP Trade offers to its clients is MetaTrader 4. We must say that this is an excellent choice of a trading platform as the MT4 is reigning strong despite its old age of 15 years. This platform comes equipped with one of the best packages containing trading tools and instruments among which we can mention the auto trading option, the trading signals, the code base with customs scripts, the app market, VPS, etc.
Deposit& Withdrawal
FVP Trade works with credit/debit cards, bank wire, online banking providers like giropay, iDEAl, Sofort and BPay, e-wallets like Skrill, Neteller, FasaPay, WebMoney, SticPay. The minimum deposit amount is $5 with no fees. The withdrawal methods are the same as the deposit ones with the same minimum withdrawal amount of $5 and no fees.
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