www.fvptrade.com has been flagged by ASIC (Australia) for "Unlicensed". https://lautorite.qc.ca/en/general-public/media-centre/investor-warnings?tx_solr%5Bq%5D=fvptrade This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.fvptrade.com.
The reporting at www.fvptrade.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Responsive team|Portfolio tracking tools|API access
Cons: Nothing significant
Do not be fooled by the professional-looking website. Behind the scenes, www.fvptrade.com is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Segregated accounts|Good mobile app|Comprehensive tools|Clear documentation
Cons: Account statements could be more detailed
After for nearly two years with www.fvptrade.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Great customer service|API access
Cons: Some tools only available on higher tiers|Wait times can be long during peak hours
I signed up with www.fvptrade.com while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Comprehensive tools|Demo account available|Detailed reporting
Cons: Account statements could be more detailed
I closed a profitable position at www.fvptrade.com and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Risk management tools|Multiple order types
Cons: No live chat on mobile|Minor UI glitches occasionally
I am in a dispute with www.fvptrade.com over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Educational resources|Real-time alerts
Cons: Charting tools need more indicators
The spread at www.fvptrade.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Instant funding|Risk management tools|Copy trading available|Comprehensive tools
Cons: Limited demo account features|No crypto staking
If you are reading this considering www.fvptrade.com - run. I wish I had read more negative reviews through a podcast recommendation. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Segregated accounts|Quick verification
Cons: Help articles are sometimes vague|Onboarding videos are outdated
I found www.fvptrade.com after my brother mentioned them and the initial impression was positive. But for the past six months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Multi-currency support|Responsive team|Regular updates|Two-factor authentication
Cons: No crypto staking
www.fvptrade.com locked my account without warning and demanded documents I had already submitted. since the beginning of the year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: No hidden fees|Great customer service
Cons: Currency conversion fee exists