FPG

According to WikiFX data, FPG (FP Global) holds a very low overall score of 1.56 out of 10, reflecting a weak credibility profile. The broker operates without any valid forex trading license from a recognized financial regulator, meaning there is no regulatory oversight to safeguard client funds or ensure fair dispute resolution. This combination of a low score and the absence of regulation makes FPG a high-risk entity for traders.

FPG is not regulated by any authoritative financial body. The broker's license list shows no valid forex licenses, and it is registered in the United States without holding a license from the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), or any other major regulator. As a result, FPG operates without credible oversight.

The minimum deposit amount for FPG is not publicly disclosed by the broker. Traders who wish to confirm the requirement should contact the broker directly or refer to their official website for account opening details.

Based on user feedback available on WikiFX, FPG clients have reported using the MT5 trading platform. There is no indication that MT4 is supported. The broker’s software index score is 4.0, suggesting a reasonable platform offering, though specific platform details are not extensively documented.

Pro: FPG has been in operation for 5-10 years, indicating some degree of business longevity. Cons: The broker lacks any valid regulatory license, exposing traders to significant risks. Its WikiFX credibility score is extremely low at 1.56/10. Additionally, user complaints on WikiFX highlight difficulties with withdrawals, which further diminishes trust.

Yes, WikiFX has recorded user complaints about FPG. One exposure report describes a withdrawal issue where the platform blocks transactions due to margin requirements, despite the account showing a positive balance. Another user gave a neutral review, praising the MT5 platform but noting a lack of educational resources. These complaints point to potential operational risks.

FPG is registered in the United States, suggesting it may offer services to US residents. However, the broker does not hold a license from the US Securities and Exchange Commission (SEC) or Commodity Futures Trading Commission (CFTC), which are the primary regulators for forex trading in the US. As a result, using FPG in the US carries heightened legal and financial risks.

Due to the lack of regulatory oversight, a very low WikiFX score of 1.56, and user-reported withdrawal issues, FPG is generally not considered suitable for beginners. Beginners typically require a regulated broker with transparent fees, educational resources, and strong customer support—all of which are absent or insufficient in this case.

Convenience and processing times for deposits and withdrawals at FPG are not clearly documented. However, a user complaint on WikiFX specifically mentions a withdrawal refusal due to the broker’s internal margin rule, indicating potential delays or obstacles. Without official disclosure of payment methods or timelines, traders should exercise caution regarding fund access.

FPG does not publicly disclose its fee structure, including spreads, commissions, or swap rates. The broker’s transaction terms data is empty, leaving traders without a clear picture of trading costs. In the absence of such information, it is advisable to compare with regulated brokers that offer transparent pricing.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.