FIPT Review: Final Verdict and Recommendations
FIPT, a.k.a. Fischer Partners, is a rather unconventional online trading platform claiming to invest in real estate and green energy. Since it’s allegedly an EU broker, we’ve decided to expose its scam in our FIPT review.
|Blacklisted as a Scam by:
|CNMV, CONSOB, A-TVP
|FISHCER PARTNERS GROUP
|MT4, web trader
|Types of Assets:
|FX, cryptocurrencies, stocks, gold, stocks related to green energies and real estate
|Free Demo Account:
|Accepts US clients:
FIPT Regulations and Security
FIPT is allegedly owned by Fischer Partners Group and is reportedly based in Sweden. Why do we say allegedly? Because companies based in the EU need to be regulated and it’s tough to have a brokerage without a proper license. They also need to comply with MiFID and ESME rules, which the FIPT broker doesn’t do. Moreover, they claim to have been acquired by Invik & Co. AB, which is an absolute lie.
FIPT Warnings From Financial Regulators
FIPT has been warned by 3 different EU regulatory bodies about its illegal activities. The first one to publish an official warning was Spanish CNMV that stated that this company is a fraud and anyone scammed should immediately file a complaint.
After CNMV, we’ve got the same warning from Italian CONSOB.
And another one from Slovenian A-TVP.
Now you can see the level of fraud we’re dealing with.
Fund Withdrawal Issues
As expected from an illegal brokerage, FIPT has major accusations related to withdrawal issues. According to FIPT reviews we’ve discovered, clients state that no matter how hard they try, getting money back is impossible. At first, the company is giving them a bunch of excuses, such as documentation, request processing, etc. Once they insist too much, their phone number is blocked and they cannot re-access their account.
If you have experienced something similar with the FIPT broker, let us know.
As we already mentioned, FIPT reviews are all about withdrawal issues. Clients are stating that brokers of the company are unprofessional, promising them money from real estate and green energy investing. However, since no online broker has access to these trades, of course, FIPT doesn’t provide such trades as well. Therefore, clients are being scammed, and they cannot even get a refund.
How Does Online Trading Scam Work?
With brokers like FIPT, without regulation or any boundaries, everything starts from an overpromising ad. In this ad, clients see vast amounts of profit. However, since FIPT does not even list a minimum deposit, not to mention other trading conditions, trading with such a broker is hazardous. After you make the initial deposit, you have no idea where your funds will be, which leverage they will be exposed to, or anything else.
If you decide to start trading, choose Tier1 regulated brokers.
Scammed by FIPT?
If you have been scammed by FIPT or any similar bogus operation, there is a possibility of getting your money back. Depending on your payment method, you can request a chargeback.
But what is a chargeback?
It’s a way of refunding credit cards in case of online scams. Contact our support via online chat, book your free consultation and get all the information regarding the chargeback process on the spot.
What is FIPT?
FIPT is an online trading brokerage from Sweden without a regulation.
Is FIPT a scam?
FIPT has no regulations and falsely presents itself as a member of a legit financial institution.
Is FIPT regulated?
No, FIPT is not a regulated nor licensed brokerage in any country. In fact, it’s blacklisted in the EU.