FVP Trade has been confirmed to have absconded.

About FVP Trade

Although we have covered FVP Trade in previous articles, we feel that it is necessary to introduce this broker to uninitiated investors.

FVP Trade is an online forex broker without a legitimate license. Investing in an unregulated broker is risky because it may take your assets fraudulently and no one can hold it accountable. According to WikiFX, this broker is getting involved in a Ponzi scheme, and it has been given a very low rating of 1.82/10. Due to the collapse of the popular cryptocurrency Luna, the local authorities and international anti-money institutions have accused this broker of illegal activities. As a result, the funds held by FVP Trade are frozen, causing a huge financial loss to the clients. However, this broker never informs the clients of when the funds will be unfrozen. Until now, we hadnt seen a decent response from this broker.

FVP/AMG website cannot be logged in.

A trader from Hong Kong told WikiFX that FVP Trades website cannot be opened. And the relevant account cannot be logged in.

On August 3, 2022. WikiFX noted that FVP Trade releases another statement about its current situation. In this statement, FVP claimed to accept capital injection from its partner in the Middle East, Al-Mohannadi Group (AMG). WikiFX thinks that AMG is just a name registered by FVP Trade to enter the Arab market. As we know so far, the victim cannot log in to the AMG account now.

For more information, please check this article via the link

https://www.wikifx.com/en/newsdetail/202208041334363384.html

Conclusion

Since we can't log in to FVP Trade/AMG, we have reason to believe that FVP Trade/AMG is completely disconnected and has absconded.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!