Score
FPS-trade
United States|5-10 years| http://www.fps-trade.com/home_en
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed FPS-trade also viewed..
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Website
fps-trade.com
Server Location
Hong Kong
Website Domain Name
fps-trade.com
Website
WHOIS.MELBOURNEIT.COM
Company
MELBOURNE IT, LTD. D/B/A INTERNET NAMES WORLDWIDE
Domain Effective Date
0001-01-01
Server IP
168.63.217.158
Company Summary
Note: Regrettably, the official website of FPS-trade, namely http://www.fps-trade.com/home_en, is currently experiencing functionality issues.
| FPS-trade Review Summary | |
| Registered Country/Region | United States |
| Regulation | NFA (Suspicious Clone) |
| Market Instruments | N/A |
| Demo Account | N/A |
| Leverage | N/A |
| EUR/ USD Spread | N/A |
| Trading Platforms | MT4 |
| Minimum Deposit | N/A |
| Customer Support | QQ and email |
What is FPS-trade？
FPS-trade is a trading platform that claims to be registered in the United States. However, it has been flagged as a suspicious clone by the NFA. Additionally, FPS-trade does not have an official website, which is typically maintained by reputable brokers to provide important information and establish transparency. If you need customer support, you can try reaching out to FPS-trade via QQ at 1107808031 or by email at support@fps-trade.com.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
| Pros | Cons |
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Pros:
- MT4 Supported: FPS-trade supports the popular trading platform MetaTrader 4 (MT4), which is widely used and appreciated by traders for its advanced features and user-friendly interface.
Cons:
- NFA (Suspicious Clone): FPS-trade has been flagged as a suspicious clone by the National Futures Association (NFA), which is a regulatory body responsible for overseeing the activities of forex brokers in the United States. This raises concerns about the legitimacy and trustworthiness of the broker.
- Reports of Withdrawal Issues: There have been some reports of withdrawal difficulties associated with FPS-trade. This can be a red flag, as it suggests potential issues with accessing and withdrawing funds from the platform, which can be a major concern for traders.
- Inaccessible Website: FPS-trade does not have an official website, which is typically maintained by reputable brokers to provide essential information and establish transparency. The absence of an official website limits access to crucial details about the broker's services, trading conditions, and security measures. This lack of transparency can make it difficult for traders to evaluate the credibility and reliability of FPS-trade.
- Limited Trust and Transparency: The combination of being flagged as a suspicious clone, reports of withdrawal issues, and the absence of an official website all contribute to limited trust and transparency surrounding FPS-trade. These factors can make it challenging for traders to make informed decisions and trust the platform with their funds.
Is FPS-trade Safe or Scam？
There are concerns raised about the authenticity and legitimacy of FPS-trade's claimed National Futures Association (NFA) license with the license number 0504485. It has come to attention that this license may possibly be a duplicate or clone, which raises significant red flags. It is of utmost importance for potential investors to exercise caution and proceed with utmost care when considering any kind of involvement with this broker.
Furthermore, the unavailability of FPS-trade's official website adds to the growing concerns about the reliability and trustworthiness of their trading platform. A reputable and transparent broker typically maintains an official website to provide essential information and establish a credible online presence. The absence of an official website not only raises questions about the broker's commitment to transparency but also limits investors' access to crucial details regarding their services, trading conditions, and security measures.
These factors, when taken together, contribute to an elevated level of risk when contemplating investment opportunities with FPS-trade. Investors are strongly advised to exercise thorough due diligence, conduct comprehensive research, and seek alternative options that offer a higher level of trust, transparency, and regulatory compliance.
Trading Platforms
FPS-trade provides its clients with the popular MetaTrader 4 (MT4) trading platform. MT4 is widely recognized in the industry for its user-friendly interface and advanced trading features. It offers an extensive range of tools and functionalities to enhance the trading experience.
MT4 supports a wide range of order types, including market orders, pending orders, and stop orders. This allows traders to enter and exit positions at their desired prices, manage risk, and execute trading strategies effectively. The platform also enables automated trading through the use of expert advisors (EAs), which are pre-programmed trading algorithms that can execute trades based on specific criteria.
In addition to its desktop version, FPS-trade also offers MT4 as a mobile application. This allows traders to access their trading accounts and execute trades from their smartphones or tablets, providing flexibility and convenience.
User Exposure on WikiFX
Please ensure that you carefully examine the reports on our website regarding instances of withdrawal difficulties. Traders thoroughly assess the information provided and take into account the potential risks associated with trading on an unregulated platform. Before engaging in any trading activities, we encourage you to visit our platform to access the necessary information. In the event that you encounter fraudulent brokers or have fallen victim to their practices, we kindly request that you inform us through the Exposure section. Your cooperation is greatly appreciated, and our team of experts will make every effort to assist you in resolving the issue.
Customer Service
Customers can get in touch with customer service line using the information provided below:
QQ: 1107808031
Email: support@fps-trade.com
Conclusion
In conclusion, FPS-trade has several concerning aspects that raise doubts about its credibility, trustworthiness, and transparency. These include being flagged as a suspicious clone by the NFA, reports of withdrawal issues, the absence of an official website, and limited trust and transparency overall. These factors can make it difficult for traders to assess the platform's legitimacy and make informed decisions.
Frequently Asked Questions (FAQs)
| Q 1: | Is FPS-trade regulated by any financial authority？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | How can I contact the customer support team at FPS-trade？ |
| A 2: | You can contact via QQ: 1107808031 and email: support@fps-trade.com |
| Q 3: | What platform does FPS-trade offer？ |
| A 3: | It offers MT4. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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586
Taiwan
At the beginning, the investment was 10,000 yuan, the company provided a subsidy of 10,000 yuan, and the exchange would give bonuses, adding up to 10,000 yuan, a total of 30,000 yuan! By the operator, the account amount becomes 340,000! The result was that I didn’t sign up for the bonus event with customer service! As a result, the account balance is less than 600,000 and cannot be withdrawn! Ask me to participate in the exchange’s bonus event after remitting 100,000 yuan! As a result, after I remitted another 100,000, my account became 7.9 million after the operation and the bonuses received! After that, the operator helped me with the withdrawal, but today I received the news that I had to pay a handling fee of 5% before I could withdraw the money!
Exposure
01-04
FX9239545151
Hong Kong
I hope to give you an explanation and return the RMB amount corresponding to the usd 2000 as shown in the picture...
Exposure
2018-11-19
FX8979237928
Hong Kong
There is a problem with the platform system, it can't be operated normally. The platform promised me to let me withdraw the money in August. However, the platform can't be logged in now. The official website customer service personnel and the person in charge are out of touch. There is a lot of money in my balance, and there is no reply. There is no way to withdraw money. Screenshots were uploaded to their official website and the customer service QQ and the person’s ID card and WeChat screenshot
Exposure
2018-08-04
呂明洲
United Kingdom
Once I was going to deposit money at FPS-trade, but because of the sudden need for money, I didn't invest there... I think this coincidence saved me from being scammed. I need to be vigilant!
Neutral
2023-03-09