FPM

Based on WikiFX assessment, FPM has a low score of 1.56/10 and is not regulated by any major financial authority. The broker holds only a Securities Trading License from the Belize Financial Services Commission, which does not cover forex operations. Additionally, a user report of withdrawal refusal exists. These factors indicate a high-risk profile.

FPM is not regulated as a forex broker. Its only active license is a Securities Trading License from the Belize Financial Services Commission (license IFSC/60/487/TS/19), which does not provide oversight for forex trading. WikiFX assessment indicates no valid forex regulation.

The minimum deposit for FPM is not publicly disclosed. Traders should contact the broker directly for this information.

FPM does not explicitly list its trading platforms. It is unknown whether MT4 or MT5 are supported. Contact the broker for platform details.

Pro: Operating history of 5 to 10 years. Cons: No valid forex regulation, only a limited Securities Trading License from Belize; low WikiFX score of 1.56 out of 10; user complaint of withdrawal refusal, indicating potential operational issues.

Yes, WikiFX data shows a user complaint from a trader named '小许' reporting that the platform refused to allow withdrawal of both principal and profits. This is a significant negative exposure.

FPM is not available in the United States. It is not regulated by U.S. authorities such as the SEC or CFTC, and its registration in Belize does not permit it to serve U.S. residents.

FPM is not suitable for beginners. The lack of credible regulation, a low WikiFX score of 1.56, and a reported withdrawal issue make it an inappropriate choice for novice traders. Beginners should seek brokers with strong regulatory oversight and transparent operations.

Deposit and withdrawal convenience at FPM is questionable. While specific payment methods and processing times are not publicly disclosed, a user complaint indicates that the broker refused to process withdrawals. This raises serious concerns about the reliability of fund access.

Leverage details for FPM are not publicly available. Without clear information, traders cannot assess the risk level. Generally, leverage can amplify both gains and losses, and the absence of disclosure is a red flag.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

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.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

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.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.