Fake FP Markets

Fake FP Markets is a name used by an entity operating under the domain fpmarketspartners.com, which claims to be an FX and CFD broker. According to our records, the company was registered in Australia on 2019-07-02 and lists its address as Level 5, 10 Bridge Street, Sydney NSW 2000. The entity describes itself as an FX and CFD broker offering leveraged trading of up to 1:500 on Forex, Metals, Commodities, Indices, Equities, and Cryptocurrency CFDs. It claims to offer five different account types and three supported trading platforms, allowing clients to choose different cost structures.

Despite these claims, the entity's name and website are suggestive of an attempt to impersonate or piggyback on the well-known FP Markets brand (which operates from fpmarkets.com and was founded in 2005). This similarity raises immediate red flags, especially given the severe scam risk score of 85/100 assigned by FXCanary. Traders should exercise extreme caution when dealing with this entity, as independent verification of its operations is limited.

Fake FP Markets lists the Australian Securities and Investment Commission (ASIC) as its regulator, but our records indicate the regulatory status is either inactive or unconfirmed (marked as '—'). The registered address in Sydney is a common business address, but this does not guarantee regulatory oversight. ASIC regulates financial services in Australia, and a legitimate licence must be verifiable on the public register. As of our review, we found no evidence that this entity holds a valid Australian Financial Services Licence (AFSL).

Given the severe risk score of 85/100, FXCanary considers this broker to be high-risk. The lack of clear regulatory status and the misleading similarity to a reputable broker suggest that client funds may not be adequately protected. We strongly advise traders to avoid depositing funds with this entity until its regulatory standing is clarified.

According to the known facts, Fake FP Markets offers leveraged trading on Forex, Metals, Commodities, Indices, Equities, and Cryptocurrency CFDs. Leverage up to 1:500 is advertised, which is typical for unregulated or offshore brokers. The broker claims to support three trading platforms, though their names are not specified in our records. Legacy platforms such as MetaTrader 4 and 5 are common for brokers offering CFD trading, but we cannot confirm which platforms are actually provided.

The range of 10,000+ instruments mentioned in the web search results actually pertains to the legitimate FP Markets, not this entity. For Fake FP Markets, specific instrument lists are unavailable. Traders should be wary of exaggerated claims, as the true offering may be limited.

Fake FP Markets claims to offer five different account types with varying price structures. This suggests different spreads, commissions, or minimum deposits, but no specific details are available in our known facts. Common account types in the industry include Standard, Raw Spread, and ECN accounts, but we cannot confirm which are offered here.

The lack of concrete information about account features, such as minimum deposit requirements or leverage limits per account, is concerning. Without transparency, traders cannot make informed decisions. We recommend requesting detailed account documentation before considering any engagement.

No information about funding methods or fees is available for Fake FP Markets. Typical brokers offer bank transfers, credit/debit cards, and e-wallets, but we cannot verify any methods for this entity. Withdrawal procedures, processing times, and any associated charges remain unknown.

The absence of clear fee disclosure is a significant warning sign. Legitimate brokers provide detailed information about spreads, swaps, and non-trading fees. Traders should be cautious and assume that hidden costs may apply.

Fake FP Markets appears to be a potentially deceptive entity that mimics a well-known broker. With an unconfirmed regulatory status, a brief history (since 2019), and a high scam risk score, the broker does not inspire confidence. The limited independent information and the severe risk assessment suggest that this is not a suitable choice for serious traders.

FXCanary recommends avoiding this entity unless its regulatory status can be independently verified and transparent operational details are provided. Traders are urged to seek brokers with clear regulatory oversight and a proven track record to ensure the safety of their funds.