Recently, some investors broke the news to the truth, said that FP Markets issued a notice on January 29, 2021, the email content shows that FP Markets will update the referral/association agreement, which will involve the change is that Chinese customers will be transferred to St. Vincent and the Grenadines offshore supervision, and customers need to complete the transfer before March 1.

After the release of the news, immediately caused investors to FP Markets will run the question, "Please do not believe this platform, with domestic cooperation on behalf of the position, the current Chinese customers are few, the platform is ready to run, there are funds to quickly withdraw gold, now it is difficult to gold, I have multiple accounts have been unable to account." "The investor said.

In fact, after FP Markets were investigated by Shanghai Economic Investigation at the end of 2019, its problems came one after another. In our article published in July last year, we mentioned that FP Markets users had suffered private transfer leading to customers' warehouse explosion, more deduction of gold fees, first shopping in the designated mall and then deposit gold, and the account was blocked after profit. Problems such as slow gold production (previous article: Unauthorized withholding of expenses, unauthorized transfer...... FP Markets customer complaints continue!) .

And this is just part of our Revelations, after the complaints of FP Markets have been increasing, the most significant problem is the slow gold, which can be found anywhere in the major website platform.

Prior to this, FP Markets has been holding Australian and Cyprus regulation, FP Markets also claimed to be the only investment banking background ASIC regulatory platform, will remain in ASIC, but under the pressure of the regulatory authorities, forced to transfer to offshore supervision is also expected.

The transfer of regulation to St. Vincent, which does not regulate foreign exchange, combined with the current state of FP Markets, would not be a positive outcome if the investment continued.

In the email from FP Markets, it is not mentioned how to deal with investors who have not transferred before March 1. Investors can refer to the experience of platforms regulated by ASIC such as Zhuodo and Wanzhi. When similar platforms withdraw from China and transfer offshore supervision, they require domestic customers to reopen offshore accounts and close current account positions before the deadline to complete fund transfer. Otherwise they will be forced to platform.

Remind everyone that before March 1, you need to close trading positions, and then decide whether to go to offshore supervision to open an account, and do not open an unbalance after opening a position now.

Here is the full text of FP Markets' official email:

We would like to inform you that we will be updating your referral/affiliate agreement as of Monday, March 1, 2021. The change mainly involves a change of parties, from First Prudential Markets Pty Ltd to FP Markets LLC, a company registered in Saint Vincent and the Grenadines. A copy of the new subsidiary terms can be found here or IB recommended terms here. Rest assured that your current rebate/CPA structure will remain unchanged. According to Partner Contract 4.1b: "There may be changes to the terms or commission structure of the referral/membership program, in which case you (the member/member) will be given 30 days' written notice of the change." "Your continued participation in the program is seen as confirmation of the new terms or commission structure." If you have any questions, please feel free to contact us.