SPmarket24 Review: Could This Broker Scam You?
SPmarket24 Review: Could This Broker Scam You?

When it comes to spmarket24.com, there are many things wrong. For a start, the broker’s platform does not function. The website as well. So logically, you will wonder can this broker scam you? And if it does, what to do. We’ve researched this broker for you in our SPmarket24 review. Here is what we found.

Regulated by: None
Headquarters Country: Marshall Islands
Foundation year: N/A
Supported Platforms: MT4, Sirix
Minimum Deposit: $250
Types of Assets: FX, crypto, commodities, indicies, stocks
Maximum Leverage: 1:50
Demo Account: No

Regulation and Security

SPmarket24 broker is an anonymous brand. We couldn’t find the company behind this broker. All we found is that the headquarters of the company is in the Marshall Islands. Of course, as an offshore broker, the company has no regulation. This is why we can say immediately at the start – the broker is not safe to trade with. The broker claims to be regulated by CySEC, but under this same license number, we found another legit company that is not related to SPmarket24.

When it comes to the security of the funds and personal data, there is no guarantee. Be aware of the SPmarket24 broker scam.

Warnings From Financial Regulators

Since the broker falsely pretends to have CySEC regulation, we decided to verify if any regulatory body noticed it. And the answer is yes.

The UK FCA issued a warning about SPmarket24 broker as a clone of EEA authorized firm. The FCA warned its citizens not to accept any offers from this broker and immediately report the scam.

Besides FCA, the broker is also blacklisted by Spanish CNMV, Italian CONSOB, Belgium FSMA, and Danish DFSA.

If you weren’t convinced so far, now it’s clear that SPmarket24 is a scam.

In which countries does this broker work?

As you’ve understood so far, the broker has no regulation. Therefore, it cannot operate legally anywhere. However, based on reviews, we can conclude that the broker targets mainly the UK, Denmark, Belgium, Spain, and Italy.

On the other hand, the only prohibited region is the USA.

Can I make money with SPmarket24?

When it comes to unregulated brokers, making money is hard, and withdrawing that money is even more complicated. There is no regulatory body behind the company that is monitoring its activities.

As you’ve had a chance to read in our review, SPmarket24 has many regulatory warnings. This is usually the case when people cannot withdraw their funds. You can deposit, you can even see some profits on the screen, but you cannot take it out. The question is what to do in this case.

Spmarket24 Reviews

Scammed by SPmarket24?

If SPmarket24 scammed you, there is a solution. You are not the only victim of this broker. You need to file a dispute and request a chargeback.

But what is a chargeback?

It’s a way of refunding your card in case you were a victim of an online scam. Contact our support immediately, and let’s get your money back!

Is SPmarket24 a good broker?

SPmarket24 is an unregulated offshore broker. We can say that it’s not safe to trade with.

Is SPmarket24 a Scam?

SPmarket24 is running a scheme with no regulation. There are many regulatory warnings against this broker.

Is SPmarket24 regulated?

No. The broker is running its scheme from the Marshall Islands with no regulation.

Where is SPmarket24 broker based?

The broker is based in the Marshall Islands, an offshore country.

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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