fpcrytotrade is a platform offering trading in foreign exchange, cryptocurrency, and binary options. The official website of the platform is fpcrytotrade.com, according to the Whois lookup, the domain was registered on June 26, 2023.
Company Entity and Background
Upon investigation, it has been found that the platform does not represent a real company entity. Although its website claims it is a subsidiary of fpcrytotrade Plc, a company with over a century of history, there is no publicly available information confirming the existence of fpcrytotrade Plc.
The platform claims to have been established in 2012, outlining a series of developments such as sponsoring innovation projects in 2013, launching a private closed-end fund in 2014, and infrastructure reforms in 2015.
Additionally, the website mentions its efforts to expand through social media platforms like Facebook in recent years; however, searches on major platforms like LinkedIn, Facebook, Instagram, Twitter, and YouTube do not reveal any official accounts for this company, contradicting its claims.
Core Business
The company's website describes its primary operations as fund management services, managing traders' funds, handling short-term and long-term investment projects, with claims of focusing on fund security and high returns. It also states that the business spans multiple countries, joining the Investor Compensation Fund (ICF) in the USA and holding signed qualifications in Europe.
Regulatory Information
The platform claims to be certified by the US government and fully registered and regulated in the USA, also authorized by the UK's Financial Conduct Authority (FCA). However, searches on the FCA and the SEC websites find no records of regulatory authorization for fpcrytotrade.
Investment Plans
fpcrytotrade offers five investment plans: Starter Plan, Master Plus Plan, Premium Plan, Ultimate Plan, and Corporate Plan, detailed as follows:
Starter Plan
- Minimum Investment Amount: $500+
- Expected ROI: 20%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
Master Plus Plan
- Minimum Investment Amount: $1,000+
- Expected ROI: 40%-50%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
Premium Plan
- Minimum Investment Amount: $5,000+
- Expected ROI: 50%-60%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
Ultimate Plan
- Minimum Investment Amount: $10,000+
- Expected ROI: 60%-70%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
Corporate Plan
- Minimum Investment Amount: $100,000+
- Expected ROI: 70%-80%
- Money Back Guarantee
- 24/7 Customer Support
- Trading Commission: 10%
Analysis of Investment Plan Features
The investment plans exhibit several features characteristic of a Ponzi scheme:
Promises of High Fixed Returns
The investment plans promise relatively high fixed returns, such as a 20% ROI for the Starter Plan and 70%-80% ROI for the Corporate Plan. In legitimate financial markets, lawful investment products' returns usually fluctuate with market volatility, not guaranteeing such high fixed returns.
Lack of Transparency in Fund Sources
The platform does not disclose specific fund operations, such as investments in stocks, bonds, or real estate, merely promising high returns. This model often relies on funds from subsequent investors to pay previous investors' returns.
Money Back Guarantee
The platform offers a "Money Back Guarantee," yet legitimate investment institutions do not provide unconditional refund promises since market investments always involve risks. This guarantee might be purely to attract investors.
Lack of Regulatory Information
The platform is not registered with any major financial regulatory institution like the SEC or FCA, which is inconsistent with the compliance requirements of lawful investment platforms.
Encouraging Large Investments
The investment plans' structure encourages investors to commit larger amounts, such as the Corporate Plan with a minimum investment of $100,000 and promises of very high returns. This is typical of Ponzi schemes.
No Mention of Market Risks
In legitimate financial investments, market risks are typically outlined, but fpcrytotrade fails to mention any investment risks, creating an illusion of guaranteed profits.
Deposit and Withdrawal Methods
fpcrytotrade supports multiple deposit methods including bank wire, PayPal, Neteller, Skrill, MoneyGram, MasterCard, Bitcoin, Western Union, and Perfectmoney.
Withdrawal methods include:
- Submitting a withdrawal request through the account or by contacting account manager
- Providing relevant documents for review
- Processing of withdrawal requests by the finance department followed by transfer completion
Payment Time:
- Payments made monthly, with accumulated funds being transferred to the account at the end of each month
- Minimum withdrawal balance requirement is $70
Company Address and Personnel Information
The operational address provided on the platform’s website is 1000 Main St 12th floor, Houston, TX 77002, USA. However, the authenticity of this address is questionable. Furthermore, the platform has not disclosed any company member details and no personnel information can be found through public channels.
Website Traffic and Website Template
According to Semrush, fpcrytotrade.com receives less than 100 monthly visits, indicating a very small user base. In addition, the company shares the same website template with several scams such as Avaxprotrader, Cryptodigitalxchange, Tradnixoptions.
User Reviews and Brand Exposure
Currently, there are no user reviews or news reports available online regarding fpcrytotrade.
Contact Information and Social Media
The contact information provided on the company's website includes:
- Phone: +44 7852 961891
- Email: [email protected]
Risk Report
Based on the above information, several risks concerning this platform warrant attention, including:
- Questionable Company Entity: Inability to verify the authenticity of its parent company "fpcrytotrade Plc".
- Lack of Regulatory Qualifications: No records found with FCA or SEC regulatory bodies.
- Unusual Investment Returns: Promised fixed, high returns inconsistent with normal market patterns.
- Non-transparent Fund Flow: No disclosure of fund operations, only promising high yields.
- No Social Media Presence: No official accounts on mainstream social media platforms, calling its credibility into question.
Overall, considering the doubts in fpcrytotrade's investment plans and operational model, investors are advised to approach with caution to avoid potential risks.
