FVP Trade presented itself as a globally regulated CFD broker, offering trading in forex, commodities, indices, and cryptocurrencies. The company claimed to use cutting-edge technologies like AI and high-frequency trading to generate returns for its clients. Founded around 2020, it marketed itself heavily through a multi-level marketing (MLM) structure, promising high, consistent profits. However, in mid-2022, the company froze all withdrawals, citing technical issues, before collapsing entirely. Subsequent investigations and warnings from numerous financial regulators worldwide have confirmed that FVP Trade was operating as a massive Ponzi scheme.