FVP Trade has entered into a new partnership agreement with AL Mohannadi, but where are the money?

On March 9, 2022, FVP Trade entered into a new partnership agreement with AL Mohannadi at a signing ceremony in downtown Dubai. But as we know, this broker later is under investigation by an international anti-money laundering organization. And the clients can not withdraw as FVP Trade claimed the funds are frozen.

According to WikiFX, FVP Trade is a Ponzi Scheme. It is a financial investment scam where the money gathered from the new investors is paid to the existing investors. The scammers also can pay their new investors with deposits from early investors. Therefore, many investors didn't know the truth at the time, and they felt reassured and decided to invest more. Many investors will eventually lose money after depositing the money since they can no longer find these fraudsters. FVP Trade does not allow clients to withdraw, but it has enough money to cooperate with AL Mohannadi. We suspect that this broker used the clients funds for its own matters.

Conclusion

No matter what business FVP Trade is working with, we shouldn't forget that FVP Trade does not allow clients to withdraw money from their accounts, which shows that the broker's reputation is extremely unreliable.

WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!

For more information about FVP Trade, please check this broker via link

www.wikifx.com/en/newsdetail/202207254024821829.html