FVP Trade review – 5 things you should know about fvptrade-pamm.com

FVP Trade review – 5 things you should know about fvptrade-pamm.com

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Beware! FVP Trade is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


We have encountered the FVP Trade brand before. It has also been used by another website we have reviewed, fvptrade.com. In both cases, FVP Trade tries to convince that it is a “globally regulated CFD broker which provides transparent pricing, fast education and advanced charting tools”. However, fact checking shows that this is not true. FVP Trade has neither the legal authorisation nor even the necessary technical functionality to offer brokerage services.


In the homepage of a licensed broker’s website, you can expect to find detailed information about the owning company and its regulatory status, multiple contact methods, and mandatory disclaimers about the risk of trading financial instruments.

All of this is missing from the FVP Trade front page. There is no address and no name of a legal entity, and the only way for contact is email. We only get access to Terms and Conditions and other legal documentation during the account registration process, after we have provided an email address.

The legal documentation is on behalf of a company called FVP Trade Limited, which is said to be based in the British Virgin Islands (BVI).

In the subpages of the website we find the claim that the parent company of the FVP Trade is called FinVoyage Perpetual Limited. It is also alleged to be based in ” BVI”.

The BVI is an offshore jurisdiction where brokers only have to meet minimum net capital requirements. This contradicts the FVP Trade’s claims to be a regulated broker.

But a check of the BVI’s Financial Services Commission database showed that neither FVP Trade nor FinVoyage Perpetual Limited are among the registered brokers.

A general internet search shows that there was a short-lived company in the UK called FinVoyage Perpetual. This company has now been dissolved and was never licensed to provide financial services.

In the “certificates” section of the website, we see a statement that FVP Trade is authorized by the Australian Securities and Exchanges Commission (ASIC) and The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

These claims are not supported by license numbers, but only by low-res screenshots of the alleged certificates. Furthermore, FINTRAC is not the institution that licenses brokers in Canada. That regulatory function is performed by the Investment Industry Regulatory Organization of Canada (IIROC). We also did not find  FVP Trade or FinVoyage Perpetual  on the registry of this regulator.

FVP Trade is not only not a licensed and regulated broker, it is actively trying to deceive us. Before investing your money, you must make sure that the broker you choose is indeed authorized and supervised by a regulator such as the UK’s Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Commodity Futures Trading Commission (CFTC) in the US or ASIC. Clients of these brokers receive protections such as negative balance protection and segregation of the client’s funds from the broker’s funds.

In the EU and the UK, brokers must also participate in guarantee schemes that cover a certain amount of the trader’s investment if the broker becomes insolvent. These guarantees amount to up to 20 000 EUR in the EU and 85 000 GBP in the UK. However, the likelihood of such a bankruptcy is low because regulators also have significant net capital requirements that companies must maintain – EUR 730 000 in UK and Cyprus, AUD 1000 000 in Australia and at least 20 million USD in the United States.


FVP Trade claims to offer the industry-standard MetaTrader 4 (MT4) platform. But the link to download the software is empty. Although the account registration menu works, an error message appears at the end of the process. Therefore, we cannot confirm whether MT4 or another trading platform is actually offered by the FVP Trade. But you should be aware that the availability of any trading software does not guarantee that this trading is real. Fake brokers use the platforms to fool their victims that their money is really being invested.

There are more than enough licensed brokers offering clients the MT4 experience and/or the newer version of the software MT5. These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.


FVP Trade claims to offer trade in forex, metals, oil, indices “and many other instruments”.  But the website does not provide either a detailed list of these increments or any information about the terms of trade. When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, leverage, spread, swap, commissions.

The Terms and Conditions also do not provide any specific information beyond the standard wording. The only thing of note is the paragraph that confirms that your money will not be segregated from the company’s funds – even though the main page of the website promises such protection.


FVP Trade does not provide any information on payment methods and transaction fees. Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill, and Neteller. Scammers usually prefer cryptocurrencies because these transactions are not subject to refunds.

The only fee specified in the legal documentation is 10 USD for an account that has been inactive for more than 12 calendar months.


Fake brokers are a type of scam that has spread especially rapidly in recent years, aided by the excitement surrounding cryptocurrencies. People looking for ways to make money online can very easily come across one of the many scam websites of this type. Scammers are very skilled at convincing people to invest – first small amounts of a few hundred dollars, and then larger sums of money. Some of the scam schemes are quite elaborate and even use trading software to convince victims that their money is actually being invested and even racking up profits.

But when you ask to withdraw those winnings, or even your deposit, you’ll find it’s impossible – you’ll be told that a sudden change in the market has wiped out all your money, or that you have to meet impossible minimum trading volume requirements and pay huge fees and commissions hidden in the terms and conditions. Fraudsters can also simply disappear because they use fake names and offshore shell companies for their operations.


If you find yourself scammed, the first thing you should do is notify the financial authorities in your country about the scammers’ activities, and spread the word online to warn other potential victims.

Your options for getting your money back are limited. If credit or debit cards were used for the transactions to the scammers, you have the option to request a chargeback. Companies like Visa and MasterCard now allow such requests to be made up to 540 days after the transaction. But keep in mind that if you have provided proof of your identity to the fraudsters, they may dispute that the transaction was voluntary. In addition, fraudsters typically use cryptocurrencies and shady e-wallets that do not allow refunds.

Victims of scams are often targeted by another type of online fraudsters who promise that their money can be refunded for an upfront fee. Under no circumstances should you trust such offers.

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