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Scam Brokers
Score
1.58 /10
Danger
FXFP
Scam Brokers5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.51
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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This platform is a Ponzi Scheme. Please stay away!
4
Previous Detection :
2024-11-16
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
WikiFX Verification
Is FXFP a Scam？
- Scam Brokers List
FXFP has been included in WikiFX's black platform list, traders are advised to stay away from this scam and beware of the following domain:
http://www.fxfps.com/
- Regulatory concerns
FXFP, whose full name is FIDANTE PARTNERS LIMITED, claims to be domiciled in Australia.
However, the broker's supervision has lapsed. The Australian Securities and Investments Commission pass-through licence (STP) it holds is suspected to be a duplicate, and its current status is determined to be a suspected clone.
Therefore, the broker is not under the supervision of any legal agency, is a complete fund disk fraud, please stay away from the fraud.
| Current Status | Suspicious Clone |
| Regulated by | Australia |
| License Type | Straight Through Processing (STP) |
| License No. | 234668 |
| Licensed Institution | FIDANTE PARTNERS LIMITED |
Scam Disclosure
There is very limited disclosure of fraud information about FXFP.But a check of the brokerage's official website, http://www.fxfps.com/, showed that the domain had not yet been registered. So the broker is probably a scam.
Investors should stay away from it completely.
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