English

FPFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://tw.ambitiont..., the company's legitimate regulatory information AustraliaASICMarket Maker (MM), United KingdomFCAAppointed Representative(AR) to enhance the security of the company's address

FPFX Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

FPFX

Abbreviation

FPFX

Company employee

Customer Service Email Address

support@fxcoz.com

Contact Number

+44 7451273377

Company Website

https://www.fp-forex.com

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Note: FPFXs official site - https://www.fp-forex.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. FPFX Review Summary in 10 Points Founded 2-5 years Registered Country/Region United Kingdom Regulation Not regulated (Suspicious ASIC, FCA clone) Market Instruments Not disclosed Demo Account Not disclosed Leverage Not disclosed EUR/USD Spread Not disclosed Trading Platforms MT5 Minimum Deposit Not disclosed Customer Support Email, Phone What is FPFX？ FPFX, a forex brokerage firm located in the United Kingdom, provides financial services to traders worldwide. However, it's crucial to highlight certain alarming issues. FPFX's licenses from ASIC (Australia Securities & Investment Commission) with number 247017 and the Financial Conduct Authority (FCA) with number 433907 are suspected to be fake clone, thereby raising legitimate concerns about trading safely. In addition, its malfunctioning website poses another notable concern that cannot be disregarded. In the ensuing segments, we will thoroughly examine and articulate this broker's characteristics from diverse standpoints, offering you clear and well-arranged details. If you find this interesting, we urge you to continue reading. Concluding the article, a brief summary will be shared enabling you to swiftly and effectively understand the defining attributes of the broker. Pros & Cons Pros Cons • MT5 trading platforms • Suspected ASIC, FCA clone • Inaccessible website • Lack of transparency • Limited customer support channels • Negative review from their clients While evaluating the broker's strengths and weaknesses, the cons are particularly concerning. On the plus side, the broker utilizes the MT5 trading platform, which is widely respected in the financial industry. However, the drawbacks seem to weigh more heavily. They include suspicion of fake clone ASIC and FCA licenses, a broken website, lack of transparency in operations, limited customer service channels through emails and phone only, and a report of unable to withdraw from their client. These factors should not be overlooked as they each serve as significant red flags when assessing the credibility and trustworthiness of the brokerage. Is FPFX Safe or Scam？ When considering the safety of a brokerage like FPFX or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: The suspicion surrounding its license no. 247017 from the Australia Securities and Investment Commission (ASIC) and license no. 433907 from the Financial Conduct Authority (FCA) being fake clone casts serious doubts regarding the security of trading with them. And, with their official website currently not being accessible, indications suggest possible discontinuation of their operations. These elements together escalate the potential risks involved when considering investments through this platform. User feedback: The existence of a withdrawal difficulty report on WikiFX should be viewed as a potential red flag. Before deciding to embark on any engagements with a broker or investment platform, conducting thorough research and diligent analysis is recommended to avert regrettable decisions. Security measures: So far we cannot find any security measures info on Internet for this broker. In the end, deciding if you should engage in trading with FPFX is a subjective decision. It would be prudent to thoroughly assess the risks and advantages before coming to a conclusion. Trading Platforms FPFX MARKETS provides its customers with a reliable trading environment via the MetaTrader 5 (MT5) platform. MT5 is acclaimed for its extensive features and is a favorite platform for investors worldwide. It provides real-time access to market charts, integrated tools for technical analysis, and direct trading, facilitating a consistent trading experience. Its popularity, mostly in trading precious metals, is apparent as it's being used by over 80% of brokerage companies and banks across more than thirty countries. User Exposure on WikiFX On our website, it is visible that there's one report on WikiFX regarding withdrawal issues, a clear red flag. We highly encourage traders to carefully review all the information at their disposal before risking their hard-earned money. Our website serves as a comprehensive source of information, aimed at assisting traders to make informed choices. If you find yourself in unfortunate circumstances involving fraudulent activities by brokers or if you've been a victim of such incidents, we strongly recommend reporting this in our 'Exposure' section. Your feedback is invaluable to us. Our proficient team is dedicated to addressing these matters and will relentlessly pursue a resolution to such concerning situations. Customer Service The customer service at FPFX is somewhat restricted, as it only offers two means of communication: email and telephone. This limited accessibility may hinder immediate or diverse forms of client communication and assistance needs. Phone: +44 7451273377. Email: support@fxcoz.com; support@foopu.net. Conclusion FPFX, an online brokerage firm based in the UK, provides trading services to global clients as per the information available online. However, its suspicious ASIC and FCA clone regulatory status serve as immediate warning signs, since regulated brokers are mandated to comply with certain financial regulations and provide a measure of safety to their clients. The absence of such regulation elevates potential risks for traders, exposing them to fraudulent activities. The non-functional website and one exposure of withdrawal issues on WikiFX further underline a lack of professionalism and attention to detail, eyeing skepticism towards their service reliability. Therefore, individuals considering FPFX must exercise caution and comprehensively research other regulated options that uphold transparency, security, and accountability. Frequently Asked Questions (FAQs) Q 1: Is FPFX regulated？ A 1: No. It has been verified that this broker currently has an regulatory status of suspicious ASIC and FCA clone. Q 2: Is FPFX a good broker for beginners？ A 2: No. It is not a good choice for beginners. Not only because of its fake clone regulatory condition, but also because of the lack of transparency and a report of unable to withdraw. Q 3: Does FPFX offer the industry leading MT4 & MT5？ A 3: Yes, it offers MT5 platform. 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.

FPFX broker review

Is FPFX safe or scam

Rating Index

How to login to FPFX?

fpfx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a fpfx Account Registering for a fpfx account is the first step towards accessing a world of trading opportunities. The process is straightforward, designed to ensur

FPFX Forex Broker - Complete Information Guide

1. Broker Overview

　　FPFX, officially known as FP Forex, is a forex brokerage firm that has been operating since its establishment in the United Kingdom. Founded approximately 2 to 5 years ago, FPFX has positioned itself in the global trading market, providing a range of financial services to traders worldwide. The company is headquartered in the UK, with its primary office located at a designated address, although specific details about this location are not disclosed in the available sources.

　　As a private entity, FPFX does not operate as a publicly traded company. The broker primarily serves retail traders, offering access to various financial markets, including forex and CFDs. FPFX has aimed to establish itself as a reliable trading partner for those looking to engage in forex trading, despite facing significant challenges in terms of regulatory compliance and operational transparency.

　　Over the years, FPFX has faced scrutiny regarding its operational practices and regulatory status. The company has experienced several milestones, including the launch of its trading platform and the introduction of various trading instruments. However, it is essential to note that the broker's development has been marred by concerns regarding its regulatory licenses and overall credibility in the market.

　　FPFX operates under a market-making model, providing liquidity to its clients while facilitating trades across different financial instruments. This business model aims to offer competitive spreads and fast execution times, catering to the needs of both novice and experienced traders.

2. Regulation and Compliance Information

　　FPFX operates under a regulatory framework that has raised numerous red flags. The broker claims to be licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. However, these licenses have been flagged as suspicious clones, leading to serious concerns about the legitimacy of its regulatory status.

　　The regulatory details are as follows:

ASIC License Number: 247017 (suspected clone)
FCA License Number: 433907 (suspected clone)

　　Due to the questionable nature of these licenses, it has been verified that FPFX currently lacks valid regulation. This raises significant risks for potential clients, as trading with unregulated brokers can expose traders to fraudulent activities and a lack of investor protection.

　　Client funds are reportedly held in segregated accounts, which is a standard practice intended to protect traders in the event of broker insolvency. However, the absence of a credible regulatory framework means that the effectiveness of such measures remains uncertain. Additionally, there is no mention of participation in any investor compensation schemes, which further amplifies the risks involved.

　　FPFX claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures. However, the effectiveness and implementation of these policies have not been independently verified, leading to skepticism about the broker's commitment to regulatory compliance.

3. Trading Products and Services

　　FPFX offers a variety of trading products, primarily focusing on forex currency pairs and CFDs. The specific details regarding the number of forex pairs available are not disclosed, but the broker is known to provide access to major and minor currency pairs.

Key Product Offerings:

Forex Trading: Access to various currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY.
CFDs: FPFX offers CFDs across various asset classes, including indices, commodities, stocks, and cryptocurrencies. However, the specific categories and availability of these products have not been fully disclosed.
Special Products: There is no mention of unique or proprietary trading products that are exclusive to FPFX.

　　The frequency of product updates and the introduction of new trading instruments are not specified, leaving potential clients in the dark about the broker's responsiveness to market trends and demands. Both retail and institutional clients can access trading services, although details regarding institutional offerings are limited.

Retail Trading Services:

　　FPFX provides retail trading services, allowing individual traders to engage in forex and CFD trading through its platform. The broker's focus on retail clients suggests a commitment to catering to the needs of individual traders.

Institutional Services:

　　While the primary focus appears to be on retail trading, there is no clear indication of dedicated institutional services or white-label solutions offered by FPFX.

Asset Management Services:

　　The availability of asset management services, such as PAMM (Percentage Allocation Management Module) or MAM (Multi-Account Manager) accounts, has not been mentioned, indicating a potential gap in the broker's offerings for clients seeking managed trading solutions.

4. Trading Platforms and Technology

　　FPFX primarily supports the MetaTrader 5 (MT5) trading platform, which is widely recognized for its extensive features and user-friendly interface. MT5 provides traders with real-time access to market charts, integrated tools for technical analysis, and direct trading capabilities.

Platform Details:

MetaTrader 5 (MT5): The main trading platform offered by FPFX, known for its advanced features and compatibility with various trading strategies.
Self-Developed Platform: There is no indication of a proprietary trading platform developed by FPFX.
Web-Based Trading: FPFX does not explicitly mention a web-based trading platform, relying instead on MT5 for online trading.
Mobile Applications: The availability of mobile applications for trading on iOS and Android devices has not been confirmed.

Execution Model:

　　FPFX operates under a market-making model, which may affect the execution quality and pricing available to traders. The specifics of its execution model, including whether it offers ECN or STP execution, remain unclear based on the available information.

Server Location and Infrastructure:

　　Details regarding the server locations and the underlying technology infrastructure supporting FPFX's trading operations are not provided, leaving potential clients without critical information regarding latency and execution speed.

API Access and Automated Trading Support:

　　There is no mention of API access for algorithmic trading or automated trading support, which may limit options for traders seeking to deploy advanced trading strategies.

5. Account Types and Trading Conditions

　　FPFX offers different account types, although specific details regarding the conditions, such as minimum deposits, spreads, and commissions, are not clearly outlined.

Account Types:

Standard Account: Generally available for retail traders, but specific conditions are not disclosed.
Raw Account: Aimed at more experienced traders, typically offering lower spreads but potentially with associated commissions.
Islamic Account: There is no confirmation regarding the availability of Islamic accounts that comply with Sharia law.
Demo Account: The existence of a demo account for practice trading has not been confirmed.

Trading Conditions:

Leverage: The leverage offered by FPFX is not specified, which can significantly impact traders' risk exposure.
Minimum Trade Size: The minimum trade size for accounts is not disclosed, which is crucial for traders to understand their risk management options.
Overnight Fees: Details regarding swap rates or overnight fees applicable to positions held beyond the trading day are not provided.

6. Fund Management

　　FPFX supports various deposit methods, allowing clients to fund their trading accounts through multiple channels. However, specific details regarding the available methods, processing times, and fees are limited.

Deposit Methods:

Bank Transfers: Available for funding accounts, but specific fees or processing times are not disclosed.
Credit/Debit Cards: Accepted for deposits, but details regarding fees are unclear.
E-Wallets: The availability of e-wallet options is not specified, leaving potential clients without clarity on their funding options.

Minimum Deposit Requirements:

　　The minimum deposit required to open an account with FPFX has not been disclosed, which is critical information for prospective clients.

Deposit Processing Times:

　　Processing times for deposits are not mentioned, leaving traders uncertain about how quickly they can access their funds.

Withdrawal Methods and Limitations:

Withdrawal Options: Specific methods for withdrawals are not provided, which could impact clients' ability to access their funds.
Withdrawal Processing Times: The time taken to process withdrawals is not mentioned, which is an important consideration for traders.
Withdrawal Fees: Any fees associated with withdrawals are not disclosed, which could affect the overall cost of trading with FPFX.

7. Customer Support and Educational Resources

　　FPFX offers customer support through limited channels, which may impact the accessibility of assistance for traders.

Support Channels:

Email and Phone: FPFX provides support via email and phone, but the limited availability of channels may hinder effective communication.
Service Hours: The specific hours during which customer support is available are not mentioned, leaving clients uncertain about when to seek assistance.
Multilingual Support: Details regarding the languages supported by FPFX's customer service are not provided.

Educational Resources:

　　The availability of educational resources, such as webinars, tutorials, and market analysis, is not explicitly mentioned, which could limit traders' opportunities for learning and development.

Market Analysis Services:

　　FPFX does not provide detailed information about market analysis services, which are essential for traders seeking insights into market trends and opportunities.

Trading Tools:

　　There is no mention of specific trading tools offered by FPFX, such as calculators or economic calendars, which could enhance traders' decision-making processes.

8. Regional Coverage and Restrictions

　　FPFX primarily serves clients in various regions, but specific details regarding its market coverage and any restrictions are not fully outlined.

Primary Service Markets:

　　FPFX appears to target a global audience, but the specific regions where it operates are not disclosed.

Regional Offices:

　　Information regarding regional offices or presence in specific countries is not provided.

Countries Not Accepted:

　　FPFX does not accept clients from certain countries, including the United States, Japan, and others due to regulatory restrictions. However, specific details about banned countries are not mentioned.

Special Restrictions:

　　Additional restrictions on trading or account management based on geographical location are not specified, which could impact potential clients' decisions to engage with the broker.

　　In conclusion, while FPFX offers a range of trading services and products, its regulatory status and operational transparency raise significant concerns. Potential clients should exercise caution and conduct thorough research before engaging with this broker.

FPFX Similar Brokers

Zenith

Best brokers