fpmarketsfin.com is a CFD broker website with a domain registered on June 6, 2024. It primarily offers trading services for financial derivatives such as forex, stock CFDs, futures, indices, metals, and energy to retail and institutional clients. This broker does not provide services in jurisdictions where it might contravene local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the fpmarketsfin.com website shows that the company's registered address is Suite 404, The Matalon, Coney Drive, Belize City, Belize. Additionally, this broker claims to be authorized and regulated by the United States National Futures Association (NFA) and the U.S. Financial Crimes Enforcement Network (FinCEN), with NFA ID: 0559918 and MSB ID: 31000257135391.
Upon verification, the official website of the National Futures Association (NFA) shows that the company with NFA ID 0559918 is GOLDMANS GLOBAL, which is registered as a non-member entity and is not authorized or regulated by the NFA. Similarly, the official website of the Financial Crimes Enforcement Network (FinCEN) shows that the company with MSB ID 31000257135391 is GOLDMANS GLOBAL. Moreover, neither the Belize Companies and Corporate Affairs Registry (BCCAR) nor the Belize Financial Services Commission (FSC) websites show any entity named FP Markets.
Furthermore, the name and web design of fpmarketsfin.com are copied from the well-known broker XM, aiming to mislead investors into believing they are the same company, thus deceiving investors.
Therefore, fpmarketsfin.com is essentially a fraudulent broker website that lacks both a corporate entity and regulatory oversight.
Account Opening Process:
To open an account on fpmarketsfin.com: visit the broker's website, click "Register" on the homepage or at the top right of the page, fill in your email address and set a login password as required. The broker will send a verification code to the provided email, which needs to be entered into the application form and submitted. After submission, the account is successfully registered. Further identity verification is required to deposit funds and start trading.
Trading Account Information:
The fpmarketsfin.com website does not disclose trading account types, commissions, minimum/maximum trade volumes, spreads, leverage, margin call/stop loss levels, contract sizes, maximum position/order sizes, or minimum price increments.
Trading Platform:
fpmarketsfin.com provides users with the ST5 trading platform, available for both desktop and mobile. This platform offers multiple asset management options, more than 1,000 trading products, can display 100 charts simultaneously, and supports all types of orders including current orders, pending orders, stop-loss, and trailing stops. It also includes over 80 technical indicators and 40 analysis tools.
Deposits and Withdrawals:
fpmarketsfin.com does not clearly disclose its supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that fpmarketsfin.com is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
