FPC Markets Detailed Review
From first glance, it’s clear that FPC Markets is another shady brokerage on the market. No owner or headquarters, not listed governing law. The company is anything but legal. For further information, keep reading our FPC Markets review.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed brokerage|
|Blacklisted as a Scam by:||CNMV, CONSOB|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
What About FPC Markets Regulation?
FPC Markets is an anonymous brand that didn’t bother to disclose its owner. Basically, for all we know, it can be based in countries such as the Marshall Islands or Seychelles, without any regulatory supervision. And that’s just the first red flag among many.
Regulation is your only guarantee to get the money back from fraudulent brokers, so ensure to find a legitimate company with a Tier1 license such as the one from the FCA, ASIC, and similar.
FPC Markets Warnings From Financial Regulators
After many complaints, the Spanish regulatory body, CNMV, decided to publish an official warning against the FPC Markets scam. According to it, FPC Markets is unauthorized to provide investment services set out in Article 140 of the Spanish Securities Markets Act, including investment advice. As such, it’s considered an illegal firm.
The same warning was later republished by the Italian CONSOB.
FPC Markets Trading Services
As per our review, the broker provides trading in 5 major markets, including:
- Currency pairs
In addition, every client that upgrades their account is getting access to CoinSaver, allegedly a savings wallet for crypto. If you invest over $10,000 and upgrade to the Exclusive account, you’re getting access to certain exchanges as well. It means the broker is firmly focused on crypto investing, like many schemers. Crypto wallets are hard to track, so stealing money this way is one of the most popular scam methods nowadays.
Fund Withdrawal Issues With FPC Markets Broker
Since the company doesn’t follow any regulatory rules, nor do we know its official headquarters, no wonder there are withdrawal issues. Clients have stated that getting their money back is virtually impossible since the broker will freeze your account once you request a payout.
Basically, everything will be fine until you decide that it’s time to see some results. Suddenly, your account manager will be unavailable along with the broker’s support team, and your account will be suspended. If you notice something like this, make sure to report it immediately.
Areas Of FPC Markets Trading Scam
The broker is mainly present in Spain and Italy, as seen from the regulatory warnings. Furthermore, we’ve seen complaints from the UK, Singapore, and Australia. With FPC Markets being a scam, you never know when the offer will pop up. Yet, make sure to decline it for your own safety.
Traders About FPC Markets Scam
FPC Markets reviews are entirely negative, mainly focusing on withdrawals. However, it seems that account managers are forcing clients to download AnyDesk or TeamViewer, software for remote access to your device. Once you install such an app, your account manager can connect to your device and via device to your online banking. If you allow such a connection, you can kiss your money goodbye because these account managers are not scrupulous and don’t mind wiping your account.
How Does Online Trading Scam Work?
Speaking of FPC Markets, everything starts from a trading ad. This ad will show you all the different ways to make money via crypto. Of course, you’ll be prompted to deposit in crypto as well. Once you do, the broker may even show you some fake results to earn your trust. Then, you’ll be asked for more money. And if you invest more, you’ll simply be blocked.
If you decline the offer, your account will be suspended, and you will not even have a chance to submit a withdrawal request. All in all, you’re risking losing everything.
Scammed by FPC Markets? – Tell Us Your Story
If you were scammed by FPC Markets or a similar bogus broker, let us know. We’re here to assist you with the chargeback procedure and help you get your money back.
But What Is A Chargeback?
Once you make a transaction using a credit card, you’re entitled to file a dispute for up to 540 days if you have been scammed. For your bank to reverse the payment, you need to file sufficient evidence. We would like to help you with it. Contact us via online chat to book a free consultation, and get your money back before it’s too late!
What Is FPC Markets?
FPC Markets is an online Forex and CFD trading provider without a license.
Is FPC Markets A Scam Broker?
FPC Markets has been blacklisted in Spain and Italy for conducting scams.
Is FPC Markets Regulated?
FPC Markets is an anonymous and unregulated broker you shouldn’t deal with.