FPGM

Based on WikiFX assessment, FPGM holds a core score of 1.34 out of 10, reflecting significant concerns. The broker is not regulated by any major financial authority, and its registration in Comoros provides no credible oversight. Traders should consider this a high-risk entity and exercise extreme caution.

No. FPGM Corp is registered in Comoros but holds no valid forex trading license from any recognized regulatory body. It is not authorized by authorities such as the FCA, ASIC, or CySEC, and operates without meaningful financial supervision.

The minimum deposit requirement for FPGM accounts is not publicly disclosed. Traders should contact the broker directly for this information, as it may vary by account type.

FPGM has not publicly disclosed which trading platforms it offers. There is no official confirmation of support for MetaTrader 4 or MetaTrader 5. Traders are advised to verify platform availability directly with the broker.

Pro: FPGM offers multiple account types (Standard STP, ECN, ECN PLUS, Islamic) with spreads from 0.0 pips, and supports EA trading, scalping, and hedging. Cons: 1. The broker is not regulated by any major financial authority, leaving traders without oversight. 2. Its WikiFX score of 1.34/10 indicates a high-risk profile. 3. Key details such as minimum deposit, leverage, and trading platforms are not publicly disclosed, creating transparency concerns.

According to WikiFX data, there are currently no user complaints recorded against FPGM. However, the absence of complaints does not necessarily indicate a trouble-free experience, given the broker's unregulated status.

Due to the temporary lack of publicly available data, it is not possible to determine whether it is available in the United States. In general, to judge whether a broker can be used in a certain region, you can refer to the following aspects: 1. Regulatory qualifications: Check whether the broker is regulated by major regulators (such as the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission in the United States). 2. Legal restrictions: Different countries and regions have different laws and regulations on forex and CFD trading. Some platforms may not provide services in certain regions. 3. Account opening information: Check whether the broker allows users from that region to register accounts. 4. Official announcements and customer service: Confirm the local usage policy through the broker's official website or customer service. 5. User feedback: Refer to other users' experience and complaints in that region. You can use the information above to judge its availability in the United States. At the same time, you can follow WikiFX updates on regulatory and availability data to get more accurate reference.

FPGM is not considered suitable for beginners due to its lack of regulatory oversight and transparency. Beginners typically require a regulated broker with clear deposit/withdrawal policies, demo accounts, and educational resources—none of which are confirmed for FPGM. The high-risk profile and missing key trading details further complicate its use for novice traders.

FPGM offers four account types: Standard STP, ECN, ECN PLUS, and Islamic. All accounts support EA trading, scalping, and hedging. The Islamic account is swap-free, while the others incur standard overnight fees. Spreads are advertised from 0.0 pips on ECN, ECN PLUS, and Islamic accounts. The Standard STP account spread is not specified. Minimum deposit, leverage, and commission structures are not publicly disclosed for any account.

FPGM advertises spreads from 0.0 pips on its ECN, ECN PLUS, and Islamic accounts, which is competitive. However, commission details and swap fees are not publicly disclosed, making it difficult to assess total trading costs. The Standard STP account spread is also unspecified. Traders should request a full fee schedule from the broker before committing.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.