Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
FVP Trade claimed to accept capital injection from Al-Mohannadi Group (AMG), but who is AMG exactly?
Abstract： In the previous article, we talked about FVP claimed to accept capital injection from its partner in the Middle East, Al-Mohannadi Group (AMG). However, who is AI-Mohannadi Group(AMG)? What is the relationship between AMG and FVP Trade? In this article, we will figure that out.
Background
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 was under investigation by an international anti-money laundering organization. And the clients can not withdraw as FVP Trade claimed the funds are frozen. For more information, please see below.
https://www.wikifx.com/en/newsdetail/202207273634690379.html
FVP Trades latest news
On August 3, 2022. WikiFX noted that FVP Trade releases another statement about its current situation.In this statement, FVP claimed to accept capital injection from its partner in the Middle East, Al-Mohannadi Group (AMG). FCP Trade also posted the link to the AMG website in the statement. https://fund.almohannadigroup.com. The website shows us “ COMING SOON” when we opened this link. Investors need to be aware of this issue.
（Website mentioned in FVP Trades latest statement）
FVP Trade is inside of AMG？
WikiFXs investigation team later found the real website of AMG. https://almohannadigroup.com/？lang=en. On this website. WikiFX found something tricky. When we check the source code of this website. We unexpectedly found “FVP Trade” in the source code. Since AMG is an investor of FVP Trade as claimed in the statement, why does the FVP Trade information appear in the source code of the AMG website？ This is not reasonable.
(AMG official website)
(“FVP Trade” in the source code of AMG)
The name of the FVP trader is at the backend of the Al mohannadi Group‘s website as you see in the picture. Regarding the relationship between Al mohanadi and FVP Trade. It’s possible that the FVP Trade entered the Arabic market by using the name of the Al Mohannadi Group.
Unavailable contact information
According to its website, AMG is located in Kuwait. And it provides an email address for contact purposes. (see below).
WikiFXs investigation team tried to contact the AMG via this email. However, this email account does not exist.
Then our team filled out the sheet and is still waiting for AMGs reply until now.
In addition, as far as we know, AMG doesn't have an account on Facebook, Twitter, or Instagram.
Information on Go Daddy
According to Go Daddy, when we were searching for AMG, we found that the AMG website admin from Arizona USA since 2020
(Source: Go Daddy)
But if you notice here (it is 2009) not 2020. See below.
Conclusion:
WikiFX thinks that AMG is just a name registered by FVP Trade to enter the Arab market although something still remains uncertain. WikiFX advises all traders to stay away from the broker. WikiFX is actively reaching out to the victims. 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 broker!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
CMC Markets Australia Revenue Surges 34%, But High-Net-Worth Clients Face Tax Phishing Threat
CMC Markets Australia reports a 34% revenue surge. Simultaneously, the company's high-net-worth clients are facing a serious tax-related phishing threat.
Original 4h
E TRADE Review: Traders Report Tax on Withdrawals, Poor Customer Service & Fund Scams
Has your E Trade forex trading account been charged a withholding tax fee? Did your account get blocked because of multiple deposits? Did you have to constantly call the officials to unblock your account? Failed to open a premium savings account despite submitting multiple documents? Is fund transfer too much of a hassle at E Trade? Did you find the E Trade customer support service not helpful? In this E Trade review article, we have shared certain complaints. Take a look!
Original 7h
mBank Exposed: Top Reasons Why Customers are Giving Thumbs Down to This Bank
Do you find mBank services too slow or unresponsive? Do you find your account getting blocked? Failing to access your account online due to several systemic glitches? Can’t perform the transactions on the mBank app? Do you also witness inappropriate stop-level trade execution by the financial services provider? You are not alone! Frustrated by these unfortunate circumstances, many of its clients have shared negative mBank reviews online. In this article, we have shared some of the reviews. Read on!
Original 8h
In-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know
For experienced traders, the cost of execution is a critical factor in broker selection. Low spreads, fair commissions, and transparent pricing can be the difference between a profitable and a losing strategy over the long term. This has led many to scrutinize the offerings of brokers like Uniglobe Markets, which presents a tiered account structure promising competitive conditions. However, a professional evaluation demands more than a surface-level look at marketing claims. It requires a deep, data-driven analysis of the real trading costs, set against the backdrop of the broker's operational integrity and safety. This comprehensive Uniglobe Markets commission fees and spreads analysis will deconstruct the broker's pricing model, examining its account types, typical spreads, commission policies, and potential ancillary costs. Using data primarily sourced from the global broker inquiry platform WikiFX, we will provide a clear-eyed view of the Uniglobe Markets spreads commissions prici
Original 10h
WikiFX Broker
Latest News
WikiFX's New Evaluation of ATM Capital LTD: Does its License Protect the Arab Investor?
WikiFXHow a Fake Moomoo Ad Led to the “New Dream Voyage 5” Scam
WikiFXIs Axi Legit? A Data-Driven Analysis of Its Regulatory Standing and Trader Feedback
WikiFXTrive Investigation: High Score, Hidden Risk - The Profit Paradox
WikiFXIn-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know
WikiFXFXPesa Review: Are Traders Facing High Slippage, Fund Losses & Withdrawal Denials?
WikiFXCMC Markets Australia Revenue Surges 34%, But High-Net-Worth Clients Face Tax Phishing Threat
WikiFXBessent believes there won't be a recession in 2026 but says some sectors are challenged
WikiFXmBank Exposed: Top Reasons Why Customers are Giving Thumbs Down to This Bank
WikiFXYoung Singaporean Trader Grew USD 52 into a USD 107,700 Portfolio
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate