FVP Trade Forex Broker

FVP Trade Review SummaryCompany NameFVP TradeRegistered Country/AreaThe Virgin IslandsFounded year2022RegulationUnregulatedMinimum Deposit$100Maximum Leverage1:500Spreads0.1 pipsTrading PlatformsMT4Tradable assetsCurrency pairs, indices, commodities, oil, metalsAccount TypesStandard, VIPDeposit & WithdrawalMultiple payment methodsCustomer SupportLive chatsupport@fvptrade.infosocial media contacts (Facebook, Linkedin, Instagram, Twitter, Youtube)FVP Trade Introduction FVP Trade, established in 2022 and based in the Virgin Islands, is a trading platform with a minimum deposit requirement of $100 and leverage of up to 1:500, offers two account types—Standard and VIP. However, its unregulated status makes it unsafe.Is FVP Trade legit? FVP Trade operates under the domain fvptrade.com, registered with GoDaddy.com, LLC. While the domain has been active since December 4, 2019, FVP Trade is not regulated in its registered location of the Virgin Islands.Pros and ConsProsCons0.1 spreadsUnregulated5 types of diverse trading instrumentsNot available in some countries or regionsMT4 trading paltformNo commission chargesWhat Can I Trade on FVP Trade? FVP Trade offers 5 types of trading assets, including 70 currency pairs, metals, indices, commodities, and cryptocurrencies.Tradable InstrumentsSupportedCurrency pairs✔Commodities✔metals✔Cryptocurrencies✔Indices✔Account Types FVP Trade offers a total of two types of live trading accounts—Standard and VIP—and provides a demo account for practice. The Standard account is well-suited for general traders, while the VIP account is suitable for those seeking a more personalized and enhanced trading experience.Account TypeLeverageSpreadsCommissionsMinimum DepositWithdrawal TimeBest ForStandardUp to 1:500From 0.1 pips (variable)None$10024-48 hoursGeneral traders who want low entry requirements and cost-effective tradingVIPUp to 1:500From 0.1 pips (variable)None/24-48 hoursExperienced or high-volume traders seeking added benefits and a more tailored experienceLeverage FVP Trade offers leverage up to 1:500, allowing traders to control a market position 500 times larger than their initial capital.FVP Trade Fees FVP Trade offers commission-free trading across both account types, with spreads starting as low as 0.1 pips.Trading Platform FVP Trade offers the MT4 trading platform, which is suitable for both mobile and desktop devices (including Windows and macOS). It is more suitable for beginners. However, there are no access of MT5 platform.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Mobile and Desktop（Windows & macOS）BeginnerMT5❌Mobile and Desktop（Windows & macOS）Experienced TraderDeposit & Withdrawal FVP Trade does not charge fees for deposits or withdrawals. The minimum deposit requirement is $100, and the platform supports various payment methods, including bank transfers, credit/debit cards, and potentially electronic payment systems.Payment MethodMin. WithdrawalProcessing TimeBank Transfer$100A few business daysCredit/Debit Cards$100Processed instantly or within a short timeElectronic Payment Systems$100Processed instantly