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FPG Scam Alert: How to Identify and Avoid Scams in the Investment Industry

FPG, short for Forex Pro Group, is an online trading platform that claims to provide clients with access to the forex market, as well as various other financial instruments. However, upon closer examination, it becomes evident that FPG is not a licensed broker, and therefore may not be trustworthy. In this article, we will explore the reasons why FPG should be approached with caution.

Is FPG a Licensed Broker?

One of the first things to look for when considering a broker is whether or not they are licensed. Unfortunately, FPG does not appear to be licensed by any reputable regulatory bodies such as the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC).

Why Should You Not Trust an Unlicensed Broker?

Unlicensed brokers are not held accountable for their actions in the same way that licensed brokers are. This means that they are more likely to engage in unethical practices, such as manipulating prices or withholding funds. Additionally, unlicensed brokers do not have the same level of security measures in place to protect client funds and personal information, which can put traders at risk.
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Can FPG Be Trusted?

Given that FPG is not a licensed broker, it is difficult to say whether or not they can be trusted. While the company may have positive reviews on its website, these should be taken with a grain of salt. It is important to consider the opinions of independent sources and to thoroughly research any broker before investing funds.

What Do Traders Think About FPG?

Unfortunately, there have been numerous reports of traders being scammed by FPG. These reports include instances of account closures, withdrawal issues, and unresponsive customer service. These experiences indicate that FPG is not a trustworthy broker and should be avoided.

Scammed by FPG? – Talk To Our Experts

If you have been scammed by FPG or any other unlicensed broker, it is important to seek professional help. Our experts can provide you with a free consultation and service recommendations to help you recover your funds and protect yourself from future scams. Don’t hesitate to reach out for help if you have been a victim of fraudulent activity.

If you have lost money to companies like LegacyFX, iForex, or Rock-West, please report it today by the bellow form.

File A Complaint Against Scam Brokers

    Online Trading Complaint Form


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