About FPS-trade
Company Overview
FPS-trade is a trading platform that claims to be registered in the United States, with a stated founding date of December 26, 2017. The broker lists its official domain as fps-trade.com and provides contact details via QQ and email. However, our records indicate that FPS-trade does not maintain an operational website, a critical transparency component expected of legitimate brokers.
According to aggregated industry data, FPS-trade has been flagged as a suspicious clone by the National Futures Association (NFA), a U.S. regulatory body. This raises significant concerns about the broker's authenticity and the safety of client funds. The absence of a verifiable web presence further complicates efforts to assess its services.
Regulatory Status
Our review found that FPS-trade holds no recognized regulatory licenses. The broker's registration in the United States does not equate to regulatory oversight, as forex brokers must be registered with the Commodity Futures Trading Commission (CFTC) and be members of the NFA to operate legally. The NFA's flagging of FPS-trade as a clone suggests it may be impersonating a legitimate entity.
For traders, the lack of regulation means there is no independent oversight, no mandatory segregation of client funds, and no recourse in the event of disputes. FXCanary considers this a severe risk indicator, and we advise extreme caution.
Available Information and Services
Due to the absence of a functional website, concrete details about FPS-trade's trading platforms, account types, instruments, or funding methods are unavailable. The broker lists customer support via QQ (1107808031) and email (support@fps-trade.com), but these channels have not been verified through independent sources.
In our assessment, the lack of transparent information is a major red flag. Reputable brokers provide clear details about their operations, fees, and terms. The limited contact options and absence of a public web presence suggest an opaque operation unsuitable for risk-conscious traders.
Target Audience
FPS-trade appears to target retail traders seeking forex or CFD trading opportunities, given its classification as a trading platform. However, the suspicious nature of the broker and the regulatory warnings indicate it may not be a legitimate option for any trader.
Given the severe scam risk score of 75/100 assigned by FXCanary, this broker is unsuitable for traders who require safety, transparency, and regulatory protection. We recommend avoiding any engagement with FPS-trade until verifiable and regulated operations are confirmed.
Overview compiled by FXCanary from regulatory records and public data. full FPS-trade review