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.To get more news about
fvp trade review, you can visit wikifx.com official website.
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.
You will be prompted to add more money. Some sort of adviser will tell you all about the “money makes money” story. And it’s a true story when you work with a legit operation. When you know that every first of the month, you can get a payout. Working with a company such as an FVP Trade broker can bring nothing good. Money will leave your account, but it will never come back. After you ask for withdrawals too many times, your account will be suspended, and you will not be able to do anything about it.
