SPInvest Review – Suspicious Offer of Spinvest.group Company Exposed
SPInvest Review – Suspicious Offer of Spinvest.group Company Exposed

SPInvest company proudly presents itself as US-based. Yet, without a transparent legal entity name, registration, and license number, we highly doubt it. But that’s just the beginning of the hill of the problems you can find with this brokerage.

Therefore, if you don’t want to get ripped off by anonymous companies, read this SPInvest review carefully. Also, don’t miss out on bonus tips from our BGB Partners and DIFC Investment reviews.

Regulated By: No Regulations
Is This Company Safe? No
Known Websites: https://spinvest.group/
Have Warnings From: N/A
Registered In: US (allegedly)
Operating Since: 2023
Trading Platforms: WebTrader
Maximum Leverage: 1:500
Minimum Deposit: $250
Deposit Bonus: Available
Trading Assets: Cryptos, forex, indices, shares, commodities
Free Demo Account: Not Available
How To  Withdraw From This Company? Withdrawing funds from a broker with non-transparent legal documents is practically a nightmare. At first glance of an issue, feel free to book a free first consultation with our chargeback specialists.

Legal Info: Is SPInvest Legit Or A Scam?

It’s important to note that SPInvest is not one of those eager to share many details, primarily about founders, legal entities, addresses, or registration details. With this in mind, you have already started speculating if the company is legitimate at all. Luckily, it’s an easy task to discover that, especially since they claim to be US-based.

We just had to check the CFTC and NFA registers to find the clue. Yet, none of these databases hold any records of SPInvest being regulated. Consequently, traders can forget about compensation schemes, funds protection, or other security-related features.

Who Are SPInvest’s Victims?

Since the company’s domain was registered in October 2023, it’s not surprising there are no SPInvest reviews available. However, you can be among the first to share your experience with this broker, which we strongly recommend.

Nevertheless, the company’s website traffic may lead us to the targeted areas. Most traffic is driven from countries like: 

  • Poland
  • Italy
  • Belgium
  • France

So, if you are coming from any of these, take extra measures to protect your money. But if somehow you still get ripped off, don’t hesitate to talk to our refund team.

Leverage, Commissions, Spreads, Fees and Taxes

Another sign of the SPInvest broker scam is zero transparency about trading conditions, especially about the leverage that would expose their activities completely. In any case, if you get anything higher than 1:50, you know there’s something wrong with them.

Hopefully, you won’t even think about it since other trading costs are quite suspicious. Allegedly, they believe in straightforward pricing, and they charge $0 commission for stock, ETFs, and option trades. Yet, there’s a contract fee of $0.65 per contract, and there are no market data, platform, or inactivity fees. Luckily, without regulations, none of this matters. They can make it all up.

Bonuses

Since many traders nowadays understand that bonuses are just tricks, companies came up with an idea. That’s not to call them bonuses anymore, but margin loans. In any case, the trick is the same. It’s just the name that’s different.

SPInvest Trading Features

Through the SPInvest account plans, traders can easily see there are zero advanced features available. You cannot find tools such as algo-trading, social or copy trading, EAs, etc. 

Instead, the company offers a bunch of fictional benefits like wealth managers, VIP events, managed portfolios, VIP advisors, and so on. Of course, those features are only available for those who deposit more money. That’s how they value their clients.

Trading Platforms Available

One of the biggest disadvantages of this broker is its trading software. They present it as WebTrader 4 to make traders think it’s MT4. But it’s not. WebTrader 4 is nothing more than a basic web-based platform that includes only the main functionalities.

Sophisticated trading strategies, charting options, and customizations can’t be applied. Not to mention that such a manipulated platform can prevent you from making an SPInvest withdrawal. Simply because there will be nothing left to withdraw.

Available Trading Assets

In general, tradeable instruments can make a big difference when choosing a broker. Thus, when the company is not regulated, there’s no doubt you shouldn’t trust anything they offer. Fairly, if they were licensed, the story would be different.

Anyway, the offer consists of: 

  • Forex – USD/AUD, EUR/NOK
  • Commodities – natural gas, platinum
  • Shares – AMD, Boeing
  • Indices – ASX200, NASDAQ
  • Cryptos – BTC, DOGE

Account Types

The idea the company sells to its customers is about SPInvest AI trading. But that’s not revealed in their account types. In any case, the difference between accounts is mainly found in those fictive benefits we mentioned before and higher bonuses. All other conditions remain the same for everyone.

In a nutshell, the company shows you how they value their clients. If you pay more, you get more. Thus, in the end, you are only losing. Anyway, the options are:

  • Standard – $250
  • Silver – $10.000
  • Gold – $50.000
  • VIP – $100.000
  • PRO – $500.000

Mobile Trading App

As can be seen from the presentation, the company’s WebTrader 4 is compatible with all mobile devices. Indeed, it is. But not in the form of the app. Instead, you’ll have to use the platform through the browser.

Demo Account

Considering all the company’s shady features, making an SPInvest deposit should be your last thought. This is especially since they don’t provide a demo account for their famous WebTrader4. This tells you there’s something irregular about it.

Education

Allegedly, this brokerage offers a wide range of educational programs. But if you think about it, what you can learn from scam brokers? Only things they want you to know. However, if you check education from any Tier 1 licensed brokerage, you will see the difference.

Anyway, if you are trading with this broker, you have the option to access their trading academy and weekly webinars and get one-on-one sessions with analysts.

SPInvest Withdrawal

Important to note is that the company doesn’t have a transparent withdrawal policy. Consequently, all the details about withdrawals they are serving you with, you can forget it. Firstly, because they can make it up. Literally, anything they want. From processing time delays and verification issues to non-existent fees and taxes. Secondly, without a license, it’s meaningless even if they have a policy.

Customer Support

Allegedly, the company offers a phone line available 24/7. Thus, the number of that line is not disclosed and the link redirects to their platform. Which is not available for non-registered visitors. Other options are e-mail and web contact form. Definitely not the support you want for a company that holds your money.

Key Information To Consider About SPInvest

Everything about the SPInvest scam broker is suspicious. Starting with the platform, trading conditions, withdrawal policy, and trading costs. Sadly, it’s only a result of missing trusted regulations. Therefore, if you experience any problem with them, you should report it to local authorities.

Yet, those moves won’t bring you your money back. Obviously, this company is not a part of any compensation scheme that will cover your losses. For refund options, we strongly recommend you talk to our refund experts. Whether you need chargeback or CipherTrace access to track your crypto, we got you. Most importantly, the first meeting is completely free. Send us a message and reserve yours today!

FAQ Section

What is SPInvest?

SPInvest is allegedly a brokerage based in the United States that has been offering FX and CFD trading services since 2023.

Is SPInvest Legit?

No. The company is not a member of NFA nor does it have a license of CFTC or any other top-tier regulator.

How to Recover From a Trading Fraud?

The recovery process depends on the payment method used. For a detailed explanation, we recommend you book a free consultation with our experts.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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