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FS Trade Market (fstrade.market) Scam: Metal Plans and FCA Warning

Savun Law & Consultancy · Updated 24 October 2026

FS Trade Market (fstrade.market) Scam: Metal Plans and FCA Warning

The e-mail address on the contact page of FS Trade Market does not belong to the site's own domain but to a completely different domain called "Algocodes.site". This small detail links the platform to other sites run by the same team. The UK Financial Conduct Authority (FCA) added fstrade.market to its warning list on 2 October 2026.

In short: FS Trade Market is not authorised in Türkiye by the Capital Markets Board (SPK); it collects money into a forex/CFD account through high-threshold investment plans named after metals. Legal routes exist for claiming back the transferred money.

🥇 Metal-Named Plans and High Entry Thresholds

  • Silver: 150% ($5,000-15,000)
  • Regular: 16% ($500-10,000)
  • Gold: 40% ($15,000-25,000)
  • Diamond: 2.5% ($25,000-150,000)
  • VIP: 3.1% ($150,000-5,500,000)

The rates are the same as in the common CFD template, but the entry thresholds have been raised roughly tenfold; in other words, the site targets high-value rather than small investments. The profit shown has no real counterpart.

🕸️ The Algocodes.site E-mail and the Great Neck Address

  • Contact e-mail on the site: [email protected] — the same address is also used on the website sterlingpointbrokerage.com.
  • E-mail in the FCA record: [email protected] · phone: +1 702 706 4466
  • Addresses reported to the FCA: 11 Grace Ave Ste 108, Great Neck, New York and 1 Canada Square, London.
  • The Great Neck address and the same phone number also appear in the Beo Fx Prime Market entry, against which the FCA issued a warning on 28 September 2026.
  • Live support runs on Smartsupp; the registration details of the domain could not be queried.

FS Trade Market is not authorised by the SPK; the SPK list of authorised institutions is open to the public. Online schemes of this kind constitute qualified fraud under Article 158/1-f of the Turkish Penal Code.

🔗 Other Platforms Using the Same Method

We have previously covered platforms working with the same template and plan logic:

🧭 Criminal and Refund Process

  1. When the investigation is completed, the indictment processTR begins for the suspects.
  2. Measures of seizure and confiscationTR come into question on the accounts identified.
  3. A refund is claimed on the argument that the account relationship with the platform produces no legal effect because of the invalidity of the contractTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions

Are FS Trade Market and Sterling Point Brokerage connected?

The use of the same [email protected] e-mail on both sites points to a common operator.

Are the London and New York addresses the firm's real offices?

These addresses are statements reported to the FCA; the fact that the Great Neck address also appears in other warning entries suggests it is used as a template rather than as an office.

What does the USD 5,500,000 ceiling of the VIP plan show?

It shows that the site targets investors with large sums; the rate itself is nothing more than a promise taken from a template.

I invested with FS Trade Market. What should I do?

For detailed information and legal support, you can contact Savun Law & Consultancy.

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This page is an English adaptation of our Turkish article FS Trade Market (fstrade.market) Forex ve Yatırım Planı Dolandırıcılığı.

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