FPFX

FPFX is a forex brokerage firm registered in the United Kingdom, claiming to provide financial services to traders globally. According to its records, the company was founded on 8 May 2020 and operates the website fp-forex.com. However, our review finds that the information available about the broker’s background is limited and largely derived from regulatory filings.

In FXCanary’s assessment, the lack of verifiable public information raises immediate caution. The broker’s regulatory claims, as noted in official registers, involve licences from the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, both of which are suspected to be counterfeit or clone licences. This suggests that the broker may not be subject to genuine oversight.

The regulatory information on file for FPFX indicates a connection to ASIC in Australia and the FCA in the UK, but these licences are flagged as suspicious. Many industry databases and watchdogs have identified the licence numbers as belonging to other legitimate entities, meaning FPFX may be misrepresenting its authorisation. This is a major red flag for any trader considering the broker.

Without valid regulation, there is no guarantee of client fund segregation, compensation schemes, or recourse in the event of a dispute. The broker’s ASIC licence, with number 247017, and FCA licence, with number 433907, are both listed as unconfirmed or cloned in aggregated industry data. As a result, traders should exercise extreme caution.

Due to the broker’s limited online presence and the malfunctioning state of its website as reported by industry sources, it is difficult to ascertain specific trading conditions, account types, or available instruments. The broker is described as offering forex and possibly CFD trading, but no reliable details on spreads, leverage, platforms, or funding methods could be independently verified.

In light of the missing verifiable information, traders are advised to treat any marketing claims with scepticism. The inability to access a functioning website or obtain concrete product details is itself a serious warning sign.

FPFX has been assigned an FXCanary Scam Risk Score of 41 out of 100, which falls into the ‘Guarded’ category. This score reflects the broker’s suspicious regulatory status, limited transparency, and reported website issues. Traders considering this broker should be aware that the risks of fraud, misappropriation of funds, or operational failure are elevated.

We recommend that only experienced traders who fully understand the risks and have conducted their own exhaustive due diligence consider engaging with FPFX. For most retail traders, the absence of credible regulation and verifiable information makes this broker unsuitable.