News Update: FVP Trade has just announced a new statement about its current situation on August 25

About FVP Trade

FVP Trade is an online forex broker that recently attracted much attention. Anyone else who read our previous articles knows that WikiFX mentions that this broker freezes clients trading accounts.

As we know so far, FVP Trade is suspected to get involved in a Ponzi Scheme. WikiFX has given this broker a very low rating of 1.8/10. A broker with such a low score can take your money away fraudulently.

If you want to know more details about FVP Trade and Ponzi Scheme. Please read this article.

https://www.wikifx.com/en/newsdetail/202207195914426773.html

It's been a month since the last FVP Trade announcement, and coincidentally, on August 25, 2022, we note that FVP Trade just announced another new statement about its current situation.

According to the statement above, FVP Trade claimed to be fully cooperating with the so-called “relevant departments”. FVP Trade submitted all its data to the relevant departments. However, FVP Trade still did not mention when and how it will allow clients to withdraw. Therefore, there is nothing really useful in this statement. WikiFX thinks that this statement made by FVP Trade is another excuse for delaying withdrawal. At the end of this statement, it intends to ask clients to wait patiently. The purpose of this broker is to calm the victims‘ anxiety, not to return clients’ money. This kind of trick is usually a deliberate attempt by scam brokers to buy time to abscond with the money.

FVP Trade and AMG

It is worth mentioning that the signature of this statement has changed from “FVP Trade” to “AMG”. In this previous article, we mention that FVP Trade claimed to accept capital injection from Al-Mohannadi Group (AMG). Regarding the relationship between Al mohanadi and FVP Trade， we suspect that the FVP Trade entered the Arabic market by using the name of the Al Mohannadi Group. The statement confirms that FVP Trade and AMG are in fact one company.

If you want to know more about this case, please read these two articles by clicking the links

https://www.wikifx.com/en/newsdetail/202208041334363384.html

If you want to know more about FVP Trade, please read this article by clicking this link

https://www.wikifx.com/en/newsdetail/202208038174581511.html

Conclusion

The primary thing that FVP Trade needs to do is to let clients withdraw their money. As long as FVP Trade doesn't mention the withdrawal, we can't believe any of this company's excuses. FVP Trade should at least come up with a specific withdrawal date. Instead of wasting time on things victims don't care about.WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!