FP Asset Management Cyprus Ltd Review

At FXCanary, our editorial team approaches every broker review with a clear, research-driven methodology. We begin by cross-checking the official regulatory registers, the broker's own website, and any publicly available corporate filings. In the case of FP Asset Management Cyprus Ltd, the information trail is unusually sparse.

We started with the known facts from CySEC's public register, which confirmed a valid licence number 317/17. However, when we attempted to visit the broker's official domain, fp-am.com, we found no operational website or social-media presence. This absence immediately raises questions about the entity's current activity and transparency.

We then searched for independent user reviews and any media mentions, but found nothing verifiable that clearly related to this specific entity. As we note in our risk assessment, obscure brokers are often confused with similarly-named firms, so we applied strict filtering. The web search yielded no matches we could reliably attribute to FP Asset Management Cyprus Ltd under the domain fp-am.com. Consequently, this profile relies heavily on the regulatory framework surrounding its CySEC licence and what that licence normally entails. In FXCanary's assessment, a lack of an operational website is not a minor oversight—it is a significant red flag that every potential client must take seriously.

FP Asset Management Cyprus Ltd is registered in Cyprus, a jurisdiction that is a full member of the European Union and the Eurozone. Cyprus has become a major hub for forex and CFD brokers due to its favourable tax regime and the EU-wide passporting rights that come with CySEC regulation. The company's official domain is listed as fp-am.com, but as of our review, that domain does not resolve to a functional website. We were unable to determine the exact date of incorporation, as that detail is not available in our records.

The fact that the entity holds a CySEC licence (number 317/17) confirms that at some point it met the stringent requirements to become a Cyprus Investment Firm (CIF). However, the current operational status is unclear. Our risk flag 'No verifiable website or social-media presence' suggests that the broker may be dormant, under restructuring, or possibly no longer offering services to retail clients. Without a functioning online presence, it is impossible to verify the company's current address, contact details, management team, or terms of business. For any trader, this is a serious informational void.

The cornerstone of our due diligence is the CySEC licence. FP Asset Management Cyprus Ltd is authorised as a Cyprus Investment Firm under licence number 317/17, with a status of 'Authorised' in the CySEC register. This licence permits the holder to provide investment services and activities as defined by the Markets in Financial Instruments Directive (MiFID II). For a retail trader, a CySEC licence carries several important protections.

First, CySEC requires all CIFs to hold a minimum of €125,000–€750,000 in regulatory capital, depending on the services offered. More importantly, client funds must be kept in segregated accounts at reputable EU banks, separate from the company's own operating funds. This segregation is designed to protect client money in the event of the firm's insolvency. Additionally, CySEC-regulated firms are required to participate in the Investor Compensation Fund (ICF), which covers eligible retail clients for up to €20,000 per claim in the event the firm cannot meet its financial obligations. These are non-trivial safety nets that elevate a CySEC licence above many offshore regimes.

However, it is critical to note that a licence on paper does not guarantee that the firm is actively trading or that its current practices comply with regulations. The absence of a website makes it impossible to verify whether the firm is still operational or whether it continues to meet CySEC's ongoing requirements. In our experience, a lapsed website is often a precursor to a suspended licence, though as of our latest check, the licence remains 'Authorised'. Traders should verify this status directly on the CySEC website before any engagement.

A Cyprus Investment Firm licence is not a one-time approval; it demands continuous compliance with EU financial regulations. Under MiFID II, CIFs must adhere to strict conduct of business rules, including best execution, transparent pricing, and fair treatment of clients. CySEC conducts regular audits and can impose fines or revoke licences for infractions. The EU framework also imposes leverage caps on retail clients: from 1:30 for major forex pairs to as low as 1:2 for cryptocurrencies. This is a built-in protection against excessive risk-taking, and it applies to all CySEC-regulated brokers.

Another key requirement is negative balance protection, which ensures that a retail client cannot lose more than their deposited funds. Additionally, CySEC-regulated firms must provide clear risk warnings and periodic account statements. All these measures are designed to create a safer trading environment. However, they are only effective if the broker maintains active operations and you can reliably access its trading platform and support. In the case of FP Asset Management Cyprus Ltd, the inability to open an account or even read the terms on a website means these protections are theoretical until the firm resumes a verifiable presence.

In the digital age, a broker's website is its storefront. It is where traders learn about account types, platforms, spreads, and funding methods, and where they register and deposit funds. The fact that fp-am.com is not operational—or at least not publicly accessible—is deeply concerning. FXCanary's editorial team attempted multiple access methods and found no evidence of a live site. We also checked major social media platforms and found no official profiles under this company name.

This absence could mean several things. It might indicate that the company has ceased offering services to retail clients and is winding down, but has not yet surrendered its licence. Alternatively, the domain may be under renewal or technical issues, though that would be unusual for a regulated entity that typically maintains multiple redundant channels.

A more worrying possibility is that the licence details are being used by a clone or impersonator operating on a different domain, though we found no specific clone sites flagged. Regardless, without a verifiable online presence, any communication with the firm is untraceable, and any funds sent could be at risk. We strongly advise against depositing money with any financial service provider that lacks a functional, HTTPS-secured website.

Normally, we would analyse a broker's account tiers to assess accessibility and trading costs. CySEC-regulated brokers often offer a range of accounts, from micro or cent accounts with low minimums (€50–€250) to VIP or professional accounts requiring much larger deposits (€10,000+). These accounts vary in spreads, commissions, and additional services like dedicated account managers or educational resources. However, for FP Asset Management Cyprus Ltd, none of this information is available because the official website is down.

Without public documentation, we cannot confirm whether the firm ever offered multiple account types, what the minimum deposit was, or what trading conditions applied. We have seen cases where a previously active CySEC broker maintained a basic Standard account with spreads starting from 1 pip and a Professional account for qualifying clients under ESMA rules, but that is pure speculation. Traders should never assume favourable conditions without seeing them in writing. The lack of transparency here makes it impossible to recommend any engagement.

The trading platform is the primary interface for executing trades and managing risk. Most CySEC-regulated brokers deploy MetaTrader 4 (MT4) or MetaTrader 5 (MT5), as these platforms are widely trusted for their advanced charting, automated trading capabilities, and security. Some larger firms also offer proprietary web-based platforms or cTrader. We could not determine which platform, if any, FP Asset Management Cyprus Ltd provided to its clients.

The absence of a website means no download links, no WebTerminal, and no mobile app information. Even if the firm was active in the past, there is no guarantee that its trading servers are still operational. In our experience, a broker that does not showcase its platform is effectively invisible to the retail trading community. For any algorithmic or mobile trader, this is a deal-breaker, as platform availability and reliability are non-negotiable.

A diverse range of instruments—forex pairs, commodities, indices, shares, and potentially cryptocurrencies—is a hallmark of a modern broker. CySEC-regulated firms typically offer CFDs on hundreds of assets. However, without access to the broker's website or product disclosure statements, we cannot list a single tradable instrument for FP Asset Management Cyprus Ltd. This is not merely an inconvenience; it is a fundamental gap that prevents any serious evaluation.

Traders need to know not only which markets are available but also the specific contract specifications, such as lot sizes, swap rates, and trading hours. In a regulated environment, these details must be disclosed transparently. The absolute silence on this front suggests that the broker is either no longer offering execution services or has chosen not to attract new clients. Either way, a trader looking for exposure to specific markets would be taking a blind leap of faith.

Funding and withdrawing money should be straightforward and well-documented. CySEC rules require brokers to process withdrawals promptly, within a reasonable timeframe, and without excessive fees. Typical funding methods include bank transfer, credit/debit cards, and electronic wallets like Skrill or Neteller. However, we cannot confirm which methods FP Asset Management Cyprus Ltd accepted, what the processing times were, or if there were any deposit or inactivity fees.

More critically, we do not know the withdrawal procedure or who to contact if something goes wrong. In the event of a dispute, a trader needs clear escalation paths, including the broker's internal complaints officer and ultimately the Financial Ombudsman of Cyprus. Without a website, none of these contacts are accessible. Even if the firm still holds a CySEC licence, a distressed client might find it impossible to lodge a complaint or even reach a human being. This operational opacity is completely at odds with what we expect from a regulated EU investment firm.

In its current state, FP Asset Management Cyprus Ltd is not a viable option for any retail trader. The complete absence of an online presence means there is no way to open an account, fund it, or trade. If the broker were to relaunch with a compliant website and demonstrate active CySEC oversight, it might appeal to traders who prioritise EU regulatory protection and are comfortable with a broker that offers standard MT4/MT5 access. However, such a relaunch would require building trust from scratch, given the current vacuum.

For now, the only party that might have any contact with the firm is perhaps an existing client with a legacy account, but even then, they face significant risk if the firm's operations have ceased without proper communication. We categorically advise beginners to avoid any broker with no verifiable website. Scalpers and high-volume traders, who rely on stable execution and low latency, would find the unknown platform and infrastructure utterly unsuitable. Even professional traders qualifying for higher leverage under ESMA rules would lack the necessary information to assess risks. In FXCanary's view, until the broker provides a fully operational and transparent website, it should be treated as inaccessible and avoided.

FXCanary's Scam Risk Score for FP Asset Management Cyprus Ltd is 34 out of 100, placing it firmly in the 'Guarded' category. This score reflects the tension between the formal existence of a CySEC licence and the glaring red flag of no verifiable website or social-media presence. While a CySEC CIF licence provides a structural safety net under EU law, the lack of any operational footprint undermines every protection that licence is supposed to offer. In practice, if you cannot access the broker's services, the licence is a piece of paper with no practical value.

Our specific risk flag, 'No verifiable website or social-media presence', is one of the most potent warning signs in our methodology. It signals that the entity may be dormant, closed, or even misused by third parties. We have seen cases where licence details were scraped and used by scammers on fake websites. While we found no cloned sites in this instance, the risk persists. Traders should never send money or personal documents to an unverified entity, regardless of what a public register says.

Our advice is straightforward: Do not attempt to engage with FP Asset Management Cyprus Ltd until and unless a fully functional, secure website becomes available at the official domain fp-am.com, and that website clearly links back to the CySEC register. Even then, verify the licence status directly at cysec.gov.cy, not through links provided by the broker. Check for recent regulatory notices, complaints, or license suspensions. For now, we must class this broker as 'unrateable' from an operational standpoint, and our editorial team firmly recommends choosing a broker with a verifiable, active, and transparent presence.

In the broader landscape, many well-regulated CySEC brokers operate with full transparency, offering competitive trading conditions and strong client fund protections. Until FP Asset Management Cyprus Ltd demonstrates that it belongs in that group, prudent traders will look elsewhere. Remember: a licence is only as good as the firm behind it, and when that firm disappears from the public eye, caution is the only rational response.