Is FVP Trade a Scam Or Is It Legit? Full Transparency Review
If you’ve ever loss money to scams and ponzi, then this will be the most important article you have to read.
Singapore is one of the strictest country in the world when it comes to investing.
The central bank of Singapore and financial regulatory body is called the “Monetary Authority Of Singapore (MAS)”.
They have an alert list of companies who are being perceived as being regulated and offering financial services.
https://www.mas.gov.sg/investor-alert-list?sort=&page=1&q=
Recently, 2 companies that have been offering amazing returns came to light as ponzi schemes.
So how do you reduce your chance of getting fooled into an investment scheme?
Here are 3 criteria that I have used and I think we can analyze FVP Trade using this framework.
- Founders & Team members
Does the founder and team members have the experience to execute what they are offering?
Are you able to identify and verify that?
2. Returns
What is the maximum rewards they are paying out and how do they justify the returns?
How do they proof the returns they are giving you is true?
3. Technology
How do they justify the technology they are using to give you the returns?
How can you prove that the technology actually works.
In the case of FVP Holdings.
I found the company website: https://fvpholdings.com/about/
And I also checked when the website was registered because most scams website are newly registered.
Based on what I have uncover, it seems that they started back in 2010.
That means they have been in business for about 12 years.
https://whois.domaintools.com/fvpholdings.com
I have also checked on the founders and employees of FVP holdings.
They have over 5K followers and 17 employees.
Seems like the CEO Tim Booth is for real and have the relevant experience in Asset Management.
When FVPholdings.com was registered in 2010, that was the time when Tim Booth just join Citibank as their Director Of Global Asset Management.
*Does anyone know how to validate if the positions they hold in the past is real or fake?
According to my research on the portfolio on their website, they own 3 companies.
FVP Trade
FVPTrade.com was registered in Dec 2019. So this brokerage company is less than 3 years old.
https://whois.domaintools.com/fvptrade.com
https://whois.domaintools.com/fvpt-uk.com
Company has over 5K followers and about 74 employees
The CEO of this company is Jonathon Greene. His portfolio in wealth management seems legit too.
He’s been with FVP Trade since Nov 2017 but the domain was only registered on Dec 2019 so I dig further research below.
I found an article written in 2018 (Before the registration of the domain???)
https://fvptrade.com/deutsche-capital-group-invests-in-fvp-trade/
Then I dig further and found the press release on 2 July 2020
It seems strange that the domain fvptrade.com was registered on only in Dec 2019, while the CEO, Jonathon Greene join in Sep 2017.
The press release of fresh funds from Deutsche Capital Group was dated on 26 July 2018 on the website while the official release on benzinga was on 2 July 2020 (2 years apart).
By the way you can pay to get featured on Benzinga.com. https://www.newswire.com/pricing/domestic/1
I decided to dig further into this company called Deutsche Capital Group and found nothing on Linkedin.
I also tried to search on google as well as linkedin on the names of the people from Deutsche Capital Group but they are also nowhere to be found.
The domain was registered only 14 Feb 2020.
https://whois.domaintools.com/deutschecapitalgroup.com
A company that invest in fvptrade in 2018–2020 only register their domain on 14 Feb 2020.
The last company is Qfinitylabs.com.
I checked on the domain registration link and found that it was registered only on 9 March 2020.
https://whois.domaintools.com/qfinitylabs.com
The news of acquisition of qfinitylabs by FVP holdings is 13 May 2019.
https://fvptrade.com/acquisition-of-qfinity-labs-by-fvp-holdings/
Apparently, Qfinity labs founder, Dr David Moche started his company on Sep 2013.
https://www.linkedin.com/in/davidmoche-qlab/?originalSubdomain=uk
I checked on the other people on the Qfinity Lab team https://qfinitylabs.com/about-us/#Our-Team (VP — Emilio Risso and Business Development — Luc Dragutin) and found none of them on Linkedin or Google.
It is said that he join Qfininty Labs in August 2014 with the acquisition Of Pancetera Software.
But Pancetera Software was not acquired by Qfinity Labs, it was acquired by Quantum in 2011 instead. https://www.premisesnetworks.com/doc/quantum-acquires-pancetera-software-gaining-0001
On one of their page (https://qfinitylabs.com/interview-with-vice-president-emilio-rossi/), it say Emilio join Qfinity Labs in 2013.
I also checked on Qfinity labs awards like CES and Red Herring but none can be found on google.
I googled “Red Herring 100 Winner 2019 Asia” and found the list of 100 companies. https://www.redherring.com/2019-red-herring-top-100-asia-winners/.
But I do not see Qfinity Labs at all.
I also checked on CES innovation awards 2020 and Qfinity labs is not there too. https://www.ces.tech/Innovation-Awards/Honorees.aspx
