Here is everything about FVP Trade: A general summary of FVP Trade's freezing funds case.

FVP Trade is an online forex broker that currently has a big problem. FVP Trade was involved in some sponsorship events a few months ago, but as we know so far, it is a scam broker getting involved in a Ponzi Scheme. Most importantly, many traders who invested in the broker had their funds frozen. Until now, the victims can not get their money back. Therefore, in the past week, WikiFX has published a series of related articles to take you through the ins and outs of the fraud case of FVP Trade. In this article, we made a comprehensive summary of the FVP trades freezing funds case. We believe that you will have a clear understanding of FVP Trade after reading this.

If you open WikiFX App or check WikiFX Website, you can see that WikiFX has already marked this broker as a Ponzi Scheme.

On July 18, 2022, FVP Trade unexpectedly launch a statement about its freezing funds. In this statement, FVP Trade attributed the money freeze to Luna's collapse. But we think it is just an excuse because Luna's collapse is not directly related to the funding freeze.

On July 19, 2022, WikiFX published two related articles to remind traders of the potential risks when investing in this broker. See below. In these two articles, WikiFX made a comprehensive review of FVP Trade.

https://www.wikifx.com/en/newsdetail/202207195914426773.html

https://www.wikifx.com/en/newsdetail/202207195564692448.html

The iFX EXPO Asia 2022 will be held for three consecutive days from 13th to 15th September in Bangkok, Thailand. This will be the worlds first and largest financial business-to-business (B2B) exhibition.

On July 21, 2021, WikiFX released a new article about FVP Trade taking part actively in the iFX EXPO Asia 2022 to boost its reputation for marketing purposes. We think that FVP Trade tries to make use of this event to scam more victims. For more information about this case, please read this https://www.wikifx.com/en/newsdetail/202207218234937790.html

After we expose the FVP Trade Scam to the public. The exhibition has removed FVP Trade from its list of sponsors.

(Before July 21)

(After July 21)

From the above, we can see that “ FVP trade” has been removed from the Sponsors list on the homepage of iFX EXPO Asia 2022.

On July 22, 2022, WikiFX released another article about how one victim gets scammed by FVP Trade and asked WikIFX for help. This user first deposited approximately 3,000 USD with FVP Trade. However, after he submitted his withdrawal request, FVP Trade told him that he had to pay a termination fee which is about 10% of his original deposit. For more information, please click the link to see this article

https://www.wikifx.com/en/newsdetail/202207224544243264.html

On July 25, 2022, WikiFX published a new article exposing another real-life case that was submitted by a trading client of FVP Trade from India. See the link below.

https://www.wikifx.com/en/newsdetail/202207254024821829.html

On July 25, 2022, FVP Trade secretly launched another statement that only its clients who download FVP Trade App can see. In this statement, FVP Trade did not give a proper solution about the funds freezing. Rather, it tried to calm the clients anxiety and ask the victims to wait patiently. For details, please see below.

https://www.wikifx.com/en/newsdetail/202207255124722067.html

On July 25, 2022, Some Chinese victims also exposed FVP Trade to WikiFX as they cannot withdraw.

https://www.wikifx.com/en/newsdetail/202207251244805983.html

On July 26, 2022, WikiFX is featuring another real-life case that was reported by a trading client from Italy. This victim has approximately 13K Eurodollars that he is unable to withdraw from FVP Trade.

https://www.wikifx.com/en/newsdetail/202207266234874864.html

WikiFX found the address of FVP Trade in the UK through GOV. UK, (the official enterprise inquiry platform of the UK). Thus, on July 25, 2022, WikiFX decides to send an investigation team to physically inspect the address to determine whether the broker was in business. As a result, we did not find FVP Trade at that address. The related article has been released to the public on July 26, 2022.

https://www.wikifx.com/en/newsdetail/202207269334657258.html

On March 9, 2022, FVP Trade entered into a new partnership agreement with AL Mohannadi at a signing ceremony in downtown Dubai. But as we know, this broker later was under investigation by an international anti-money laundering organization. And the clients can not withdraw as FVP Trade claimed the funds are frozen. We think FVP Trade uses clients funds to do business with other companies. Eventually, it cannot pay back to the clients.

https://www.wikifx.com/en/newsdetail/202207273634690379.html

On July 28, 2022, WikiFX released one more article about FVP Trade claiming that Luna's crash is the main reason behind its much-needed “upgraded” which then put its clients' accounts at risk due to money laundering activities during this process.

https://www.wikifx.com/en/newsdetail/202207283824476876.html

Conclusion:

This article summarizes WikiFX's continuous tracking of FVP Trade for nearly a week. Until now, FVP Trade still has not told investors when the money will be unfrozen. WikiFX advises all traders to stay away from the broker. WikiFX is actively reaching out to the victims. Please stay tuned for more information.

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 broker!