Today, we want to tell you about a Forex/CFD broker — or more precisely, a scam project — that boasts about 20 successful years on the market and urges traders to trust its so-called expert employees. In our FPS Limited review, we will demonstrate why there is no reason to trust this pseudo-company. It was created by fraudsters, and everything its owners claim is mere window dressing to hide their greed and intent to steal users’ funds. Proving this is not difficult; simply take a look at the materials below.
Key Features
- Company Name: FPS Limited
- Website: https://fps-limited.info/
- Available Contacts: [email protected]
- Foundation: 2024
- Services: Forex/CFD trading
- License: No
- Initial Deposit: $250
From Sign-Up to Payout
It seems that FPS Limited hired elementary school students just starting out in web development to create their official website. There is no other explanation for the abomination its visitors encounter. And it’s not even about the pink text on a black background, although such a design choice is, to put it mildly, an acquired taste. The real problem lies in the content and functionality. It appears the “specialists” behind this site have no clue what to write about or what features to include.
- On the homepage, you’ll find descriptions of the broker’s supposed benefits, which have nothing to do with this company. For instance, they promise users access to educational materials and a community, yet no links to these resources can be found anywhere on the site (or even in the personal account).
- We were eager to review the official documents governing the relationship between the broker and its traders. However, FPS Limited decided that such information is unnecessary for clients whose sole purpose is to deposit money. Thus, they did not bother to publish these documents (except for the Privacy Policy). This includes the Client Agreement (Terms & Conditions), the Risk Disclosure, and the KYC and AML policies.
- While there are no issues with registration, the personal account has plenty of problems. To begin with, you can only access it immediately after creating an account. A few hours later, the login form stops working and displays a wonderfully informative message: “Something went wrong.” Furthermore, the profile demands that you fill in your address and banking information and even verify them. It’s unclear on what grounds this information is required, given that the broker lacks KYC and AML policies, as we already mentioned, and all transactions are conducted exclusively in cryptocurrency.
- Speaking of deposits, you won’t be able to fund your account yourself — there’s simply no button for this operation in the personal account. It might be available in the trading terminal, but there’s no button to access the platform either.
In short, it seems the creators of this project assumed that simply creating a website with the magical words “trade” and “broker” would be enough to attract a queue of traders eager to hand over their money to scammers. The notion that the platform should at least resemble a legitimate company’s website doesn’t seem to have crossed their minds.
Our Trading Experience With FPS Limited
On its homepage, the broker promises traders a powerful and modern trading platform. According to them, users will find fully customizable charts and even algorithmic trading capabilities.
Unfortunately, the developers forgot to include a link to the terminal or downloads for desktop/mobile versions in the personal account. Of course, one might assume that contacting support would solve this issue. However, the creators also forgot to provide contact information. The only place we found an email address was in the Privacy Policy, but the message we sent to it went unanswered.
Perhaps things were different on the fps-limited.cc website, where the broker originally intended to operate. However, this site is no longer hosted on any server. As a result, we couldn’t check the site or the links supposedly available there.
We couldn’t access real trading in the FPS Limited terminal. Therefore, we tried to evaluate the trading conditions and tariffs based on the materials on the website. However, the company once again demonstrated either its staff’s incompetence or the typical scammer approach.
The account types table lists six plans: three Standard and three Advanced. For each, only the minimum deposit amounts are disclosed, ranging from $250 to $50,000. No other trading conditions are mentioned. Apparently, traders must figure out the available leverage, spreads, swaps, stop levels, and other parameters themselves during the trading process. This is precisely why we describe this as a classic scammer approach: you only learn the deal’s terms after making the deal. Naturally, this often results in the client losing part of their deposit, which, of course, benefits the broker.
Instead of the essential details, the platform’s representatives filled the table with non-essential features. Here, potential clients are promised:
- Several trading sessions guided by an analyst.
- A certain number of VIP signals (it’s unclear how these differ from regular signals or how many regular ones are available).
- Several commission-free withdrawals (by the way, there’s no information anywhere about withdrawal fees).
This might appeal to beginners. However, it seems the company is indeed targeting this audience, as inexperienced traders are easier to deceive. For our part, we’ll say that there’s no trace of these features in the personal account. Perhaps some of them (e.g., working with signals) are available directly in the terminal, but we never got to see it.
The Reality Check
On the “About” page, FPS Limited claims to operate in compliance with laws and takes regulatory requirements very seriously. We would love to know which country’s laws and regulator they are referring to. However, the broker has its own perspective on this matter.
The company provides absolutely no information about its country of registration, office location, or licenses. We will attempt to find the broker in the Open Corporates database, as we hope that a firm supposedly operating since 1997 (according to its website) would be included in its 220+ million records.
Among the 219 search results, there wasn’t a single exact match. This allows us to state that the broker operates without official registration and provides only virtual services online. Naturally, this rules out any real trading, corporate accounts where client funds might be stored, insurance, participation in compensation programs, real-time quotes from legitimate providers, or liquidity from major suppliers.
In reality, we’re dealing with a pseudo-broker that only accepts client funds while displaying virtual client accounts in its systems. The real money that traders deposit is unlikely to ever be recovered. We suspected as much when we began writing this review and are attempting to convey this information to everyone.
It’s also worth noting that the company holds no licenses (after all, licenses are not issued to websites and other virtual entities), and there’s no adherence to regulatory requirements. Consequently, FPS Limited’s activities are illegal, and the interests of its clients remain entirely unprotected.
How Long Has FPS Limited Been in the Game?
The broker does provide some information regarding its supposed longevity. The homepage boasts about more than 20 years in the industry, while the “About” page specifies 1997 as the founding year. Of course, judging by the official website, this is hard to believe — 27 years would have been enough time to create a flawless web resource. So, we decided to verify this claim using a WHOIS lookup to check the domain registration date.
The working domain fps-limited.info was registered on December 4, 2024. We’ve already mentioned that the company initially planned to use the domain fps-limited.cc. However, WHOIS data shows that it was registered only slightly earlier — on November 6, 2024. Additionally, the email domain fps-limited.co is the oldest of the three, registered on October 30, 2024.
Regardless, the FPS Limited platform has been online for no more than a month and a half. Is it just us, or is that slightly less than 20 years? October–November 2024 is certainly not 1997. In short, we’ve confirmed once again that the stories about the broker’s age are nothing but a fabricated legend that doesn’t hold up to even superficial scrutiny. The motives behind such false information are obvious: a 20-year-old broker naturally inspires more trust than a month-and-a-half-old platform. This is yet another clear attempt by scammers to deceive their clients. How many more will there be?
Extra Fraud Indicators
Misleading users seems to be standard practice for this broker, as evidenced by the FPS Limited reviews available online. There aren’t many yet, but they paint a rosy picture of the scam project.
For instance, on Trustpilot, FPS Limited claims “unmatched global liquidity,” security systems, and strict compliance. Unsurprisingly, it “trusts” itself and awards itself the highest rating. A fake review, plain and simple.
You can also check out crypto4g.com, where the pseudo-company has an entire review praising all of its offerings. It’s obvious that the broker’s owners paid handsomely for this publication.
We know very well who “buys” reputations online. Such companies have nothing to do with honest, licensed brokers. We hope users take note of impartial articles on specialized platforms that critically examine this pseudo-firm’s offerings and recognize it as nothing more than a scam.
Is FPS Limited the Right Fit?
We hope there’s no longer any doubt that this broker is a scam. In our FPS Limited review, we’ve highlighted all the “red flags” that demand attention: the company is virtual, operates without a license, and hasn’t even provided a user agreement. On the other hand, it’s incredibly skilled at misleading potential clients. Just look at the fabricated story about 20 years of operation and the glowing publications across various websites.
We’re convinced this project was created by fraudsters and doesn’t deserve anyone’s trust. Anyone who deposits funds with this company risks never seeing them again. Is it worth dealing with a fake firm that can’t even demonstrate a trading terminal? We’re confident the answer is no.
Where were you with your recommendations earlier? Do you even know how many people FPS Limited scammers have already defrauded? Considering that they’re aggressively trying to build a reputation using fake authors, it must be a significant number. I’m one of them – I trusted these scammers and lost $10,000. My advice: never send them a single cent, as you won’t get it back!