Is FP Asset Management Cyprus Ltd a Scam?

At FXCanary, our editorial team approaches broker safety with a forensic lens, piecing together every shred of verifiable evidence before forming a judgment. We are not swayed by marketing claims or unsubstantiated promises; instead, we rely on primary regulatory records, corporate registries, and, where available, the real-world experiences of traders. Our proprietary Scam Risk Score distils multiple dimensions of risk – regulatory standing, corporate transparency, user feedback, and operational longevity – into a single, easy-to-understand number.

For FP Asset Management Cyprus Ltd, the risk score sits at 34 out of 100, which places it in our ‘Guarded’ category. This is not a score we assign lightly. It reflects a broker that holds at least one seemingly respectable licence, yet presents material gaps in transparency that would give any prudent trader pause. In this deep-dive, we unpack exactly what that score means, examine the regulatory protections that do – and do not – apply, and provide practical steps to safeguard your capital.

FP Asset Management Cyprus Ltd is authorised and supervised by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence number 317/17. CySEC is a full member of the European Securities and Markets Authority (ESMA) and operates within the harmonised regulatory framework of the Markets in Financial Instruments Directive (MiFID II). This is not a fly-by-night offshore licence; it carries meaningful obligations.

CIF-licensed firms must segregate client funds from their own operational capital, holding them in trust accounts with top-tier banks. This segregation is a cornerstone of investor protection, designed to ensure that your money is not used for the firm’s own expenses or lending. In addition, FP Asset Management Cyprus Ltd is a member of the Investor Compensation Fund (ICF), an EU-mandated lifeboat that can cover eligible retail client deposits up to €20,000 per person in the event the firm becomes insolvent and cannot return client assets.

Crucially, the CySEC licence also mandates negative balance protection for retail clients. This means that even in extreme market volatility, you cannot lose more than the funds deposited in your trading account – a critical shield that unregulated brokers simply cannot offer. These protections are enforceable in a court of law within the EU, providing an extra layer of recourse.

Despite holding a valid CySEC licence, FP Asset Management Cyprus Ltd’s official domain, fp-am.com, does not resolve to an active website – nor does any other verifiable online presence appear in our extensive checks. We have also found no functional social media profiles or credible third-party references linking this domain to an operating brokerage. This absence is deeply troubling for several reasons.

A regulated investment firm is expected to maintain a transparent, informative web presence that discloses its regulatory status, key documents, and contact details. The lack of a website makes it impossible for potential clients to independently verify the firm’s claims, review its terms and conditions, or even understand what products it offers. In FXCanary’s experience, a functioning website is a bare-minimum indicator of an active, client-facing business. Its absence suggests that the firm may be dormant, have ceased operations, or never fully launched.

Moreover, without a website, there is no way for traders to access the legally required risk disclosures, complaints procedures, or the firm’s order execution policy. This opacity directly heightens the risk of dealing with this entity. Even if the licence is technically valid, a broker that cannot be openly scrutinised online is not one we can endorse without serious caveats.

One of the most effective ways to cut through the fog is to visit the CySEC website and search the public register yourself. We did exactly that. Navigate to the ‘Regulated Entities’ section on the CySEC portal and enter the firm’s name or licence number 317/17. The register will confirm the CIF status, the permitted investment services, and any disciplinary history.

Our own check confirmed that FP Asset Management Cyprus Ltd is authorised and has no public sanction record on file. However, a clean regulatory record is not a guarantee of active, safe operations. We strongly advise cross-referencing any contact details or website links listed on the CySEC register against what the broker presents publicly. If the register lists a different domain or a physical address that cannot be verified, that is another red flag.

In this case, the CySEC register may still display fp-am.com as the official site. If it does, that only deepens the mystery: why would a regulated entity allow its registered domain to lie dormant? It is possible the firm holds the licence for a specific limited purpose, but without communication from the broker, it is impossible to know.

Clone scams are an ever-present threat in the forex world, where fraudsters hijack the identity of a legitimate, regulated firm to trick investors. In its raw form, FP Asset Management Cyprus Ltd is a registered, CySEC-licensed entity, and we have seen no evidence of clone sites impersonating it. However, the very fact that the legitimate domain is inactive creates a peculiar risk: a cloned website could easily spring up under a similar domain name, with scammers pointing to the genuine CySEC licence as proof of legitimacy.

Because there is no authentic website to compare against, a potential client might not immediately recognise a fake. Fraudsters could fabricate a professional-looking site, embed a live chat, and mimic legitimate trading platforms, all while funnelling deposits to their own accounts. We always advise traders to check that the domain they are visiting matches the one on the official regulatory register – letter for letter.

Additionally, the firm’s name is somewhat generic, including “FP Asset Management,” which could be confused with other entities. We did not find any reported clone cases in industry databases, but this does not mean the risk is zero. Vigilance is essential, especially when a broker has no active website to serve as an anchor of authenticity.

Our Scam Risk Score is built on a weighted model that penalises opacity heavily. FP Asset Management Cyprus Ltd earns a moderate base score for holding a credible CySEC licence. However, the absence of a verifiable website and social-media presence – flagged explicitly in our system – drags the score down to 34, which translates to ‘Guarded.’ This is not a ‘Scam’ verdict, but it is a strong caution.

A score in this range indicates that while the broker may not be an outright fraud, the information vacuum creates an elevated level of uncertainty. Traders who choose to engage are doing so without the ability to perform even basic due diligence through the firm’s own published materials. In our methodology, a broker must be open to scrutiny; otherwise, risk multiplies.

We cannot access trading conditions, customer support responsiveness, or any evidence of real client activity. As a result, we cannot confirm that this entity is actually accepting clients or executing trades. The risk is not only of losing money through misconduct, but also of tying up capital with an entity that may never activate an account.

Given the unusual profile of FP Asset Management Cyprus Ltd, anyone considering this broker must take extraordinary precautions. First, do not deposit any funds without first obtaining direct confirmation from CySEC that the firm is actively operating and permitted to serve clients in your jurisdiction. You can email CySEC with the licence number and ask for clarification; regulators are often responsive to such queries.

Second, demand that the broker provide its full terms of business, conflict of interest policy, and client agreement in writing before you open an account. If you cannot view these documents online, request them directly via email and scrutinise them for consistency. Ensure that the bank account you are asked to fund matches the name FP Asset Management Cyprus Ltd and is held in a recognised bank, ideally in Cyprus or another EU country.

Finally, start with the smallest possible deposit that the platform allows, and test the withdrawal process immediately. With a broker that has no track record, the ability to get your money back is the only proof that counts. If any friction, delay, or excuse arises, cease all further activity and report your concerns to CySEC.

Because FP Asset Management Cyprus Ltd is a CySEC member, retail clients enjoy access to the Investor Compensation Fund (ICF) for covered investment services. If the firm were to become insolvent and fail to return client assets, each eligible client can claim up to €20,000. This is a great comfort, but it is not a blanket insurance policy.

The ICF covers only the loss resulting from the firm’s inability to meet its financial obligations; it does not protect against poor investment decisions, fraud where the assets are simply stolen rather than held on the books, or trading losses. Furthermore, the claims process can be lengthy, and payout is not guaranteed if the firm’s records are disorganised or if the claimant does not meet eligibility criteria.

It is also critical to remember that the ICF protection applies only to funds held in segregated accounts that are identifiable as belonging to the client. If a broker misappropriates funds or fails to properly segregate them, recovery may be complicated. This is why the initial segregation of funds is so important – and why you must verify that your money is being held correctly from the outset.

FP Asset Management Cyprus Ltd is a genuinely regulated entity on paper, but our investigation reveals a broker that is all but invisible in practice. The CySEC licence provides a foundation of legal protection, yet the lack of a functioning website, coupled with zero independent user reviews, leaves us with no way to verify that this firm is operational or trustworthy.

In our assessment, the current risk profile does not justify entrusting significant capital to this broker. The ‘Guarded’ score of 34 reflects a situation where the potential for loss – whether through insolvency, fraud, or simple inaccessibility – is materially higher than with a fully transparent, actively maintained brokerage. We would only revisit this rating if a live, compliant website emerged and a verifiable trading history could be established.

For now, we advise traders to look for brokers that not only hold top-tier licences but also demonstrate their commitment to transparency through a robust online presence, clear communication, and a track record you can independently confirm. In the world of forex, what you cannot see can indeed hurt you.