FPCapitals Review – Major Red Flags Right off the Bat

FPCapitals is a virtually unregulated Forex broker, lacking transparency and key legal information. The website offers no relevant data about the dubious business or its history. Offering questionable automated trading software also raises red flags, indicating potential scam maneuvers.

Our FPCapitals Review tackles all these issues as we uncover the truth about the platform and its real purpose. Find out how to identify cyber fraudsters and what to do in case you get deceived by them.

Broker status:	Unlicensed Forex Provider
Regulated by:	Unregulated
Operating Status:	Active Forex Trading Scam
Known Websites:	fpcapitals.com
Blacklisted as a Scam by:	N/A
Owner:	N/A
Headquarters Country:	Australia (allegedly)
Website Active Since:	2023-10-23
Online Trading Platforms:	WebTrader
Mobile Trading:	Unavailable
Minimum Deposit:	250 USD
Deposit Bonus:	N/A
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, LTC…
Available Trading Instruments:	Forex, Indices, Commodities, Stocks, Cryptocurrencies
Maximum Leverage:	1:500
Islamic Account:	Unavailable
Free Demo Account:	Unavailable
Accepts US Clients:	No
Global Fraud Protection Experts’ Verdict:	Avoid Working with this Company

Is FPCapitals Regulated?

FPCapitals withholds information about its regulatory status, a critical aspect in the financial industry to ensure compliance, investor protection, and ethical practices. The absence of such oversight deems the platform a risky option for investors

We checked its legitimacy through the Australian Business Registry and the local financial regulator ASIC’s licenses database and hit a brick wall, indicating the lack of official authorization. Without a genuine license, FPCapitals is operating illegally as a virtual broker. We thus advise you to stay away.

If you want a reliable platform, we suggest you find a licensed provider that operates under the watchful eyes of esteemed financial watchdogs such as the FCA (UK), ESMA (Europe), CFTC & NFA (US), MAS (Singapore), ASIC (Australia), IIROC (Canada), etc.

Trader Reviews – Sharing Experiences

Despite searching reliable forums like Trustpilot and Sitejabber, we were unable to find any FPCapitals reviews. This aligns with the opinions from various other analyses that, like us, believe the platform is not being used for good purposes.

An eveninsight.com evaluation check of the broker’s website reveals a safety score of zero, attributed to its recent inception, unwanted blocking features, content hiding, and insufficient traffic.

The lack of trader feedback is a disadvantage for the broker, underscoring the importance of consulting popular forums to identify trustworthy financial service providers. We thus suggest you always read what users say before making hasty decisions you might regret later.

Who Are FPCapitals’s Targets?

According to godaddy.com/whois, the fpcapitals.com website domain was created on October 23, 2023. Since then, the phony broker has been targeting mainly unsuspecting traders from the following countries:

• United Kingdom;
• Australia;
• Israel.

Top-tier jurisdictions such as the United Kingdom and Australia feature heavy regulations and strict laws. Their respective regulators rigorously oversee the market to ensure everything is done by the book. A provider cannot legally operate without a permit and FPCapitals is doing just that.

To reiterate, the firm we’re covering has no authorization at all. If your investments suddenly vanish, you cannot count on the financial ombudsman’s help or financial compensation so please stick to regulated companies.

Which Trading Platforms Are Available?

The FPCapitals WebTrader is an awful-looking, stripped-down trading platform with an unpolished interface featuring nothing but basic charts, graphs, and indicators. There are no sophisticated tools whatsoever. Automated trading bots were a ruse.

The platform does not allow users to utilize multiple chart windows, plus enables only five timeframes. It operates without displaying account status and open positions. Moreover, such trading terminals are easily susceptible to manipulation, which is why illicit brokers often use them.

If you want a true trading experience, we suggest you find a licensed provider that supports credible third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.

MT platforms are equipped with cutting-edge tools such as automated trading, live market reports, advanced charting, a user-friendly interface, multiple timeframes, lightning-fast order execution, etc.

FPCapitals account types

Account Type	Standard	Silver	Gold	VIP	Diamond
Minimum Deposit	250 USD	3,000 USD	10,000 USD	200,000 USD	1,000,000 USD
Maximum Leverage	1:200	1:300	1:400	1:500	N/A
Spreads	From 1.5 pips	From 1.5 pips	From 0.8 pips	From 0.0 pips	From 0.0 pips

Trading Conditions – Leverage, Spreads, Commissions

FPCapitals leverage is capped at 1:500, which is significantly higher than the legal cap for retail clients in Europe & Australia (1:30) and North America (1:50). Leverage trading, though capable of amplifying potential profits, also heightens the risk of huge losses, as it can work both in favor and against the trader.

The spreads seem tempting, following industry standards, but the commissions were not disclosed. Unreliable providers are known for charging hidden fees so be on guard.

Despite mentioning a demo account, the broker did not include one. You are thus forced to invest real money from the start if you’re interested in using the platform. Please do not risk it if you’re a beginner.

Deposit and Withdrawal Process

The website’s FAQ section lists three available payment methods that can be used to fund accounts and withdraw profits:

• Credit/debit cards;
• Wire transfers;
• E-wallets.

The FPCapitals minimum deposit is 250 USD, pretty much in line with industry standards. However, it is highly unlikely that you will be allowed to withdraw any profits.

To recover funds, explore the option of requesting a chargeback at your bank. If the deposit was made through MasterCard or VISA credit/debit cards, a chargeback allows for a reversal within 540 days. Alternatively, for wire transfers, consider requesting a recall, noting that its effectiveness depends on whether the transaction has already been processed.

What Should I Do If I Have Issues With FPCapitals?

FPCapitals alleges to be a proper Australian broker but lacks legal documentation and a license. In reality, the website is a deceitful Forex scheme targeting mainly traders from the UK, Australia, and Israel.

Since the platform is unregulated, it can easily steal your funds. In our review, we have stressed the importance of regulations and why it is better to trade with providers supervised by renowned financial market authorities.

If you have fallen victim to the FPCapitals scam, please book a free consultation with Fusion Forensics Limited. We have a team of experts who can assist you in the fund recovery process and get your money back as soon as possible.

Book your free consultation today and get your money back.