Springfxcryptotrading review – is springfxcryptotrading.com a scam or safe?

Springfxcryptotrading review – is springfxcryptotrading.com a scam or safe?

Beware! Springfxcryptotrading is an offshore broker! Your investment may be at risk.


Springfxcryptotrading Key Facts

🔴 Springfxcryptotrading offers questionable bitcoin related investment opportunities – a clear sign of a scam!

🔴 Springfxcryptotrading forges crucial contact information – beware!

🔴 Springfxcryptotrading lacks a license for the provision of its services – a huge red flag!

🔴 Springfxcryptotrading's domain has been registered extremely recently – another off-putting detail!

Springfxcryptotrading products and services

Springfxcryptotrading is yet another scam that prays on its victims by offering them incredible returns on deposits – upwards of 15% interest daily. Rest assured, Springfxcryptotrading cannot achieve such incredible profits. It is simply after your deposits.

People should always be cautious when dealing with businesses offering enormously high yields because it's scammers' trait to promise big and create unrealistic expectations. In reality, regulated financial companies cannot secure more than a few percents annually with their fixed-income products. There is a huge discrepancy between these offers and the regulated companies standards. Judging by the products and services they sell, we suspect it's a scam, so beware.

Springfxcryptotrading company and regulation

Springfxcryptotrading is not a licensed company – not that it claims to be one, but we do find such eagerness to operate outside of the legal to be disturbing.

The US financial services regulation is very complex in the USA. Derivatives markets regulation is a responsibility of CFTC and NFA. Forex brokers and most of the investments companies have to be NFA members and CFTC registered to operate in the USA. On the other hand, securities markets are controlled by the SEC, a government independent agency responsible to maintain the integrity of the financial markets.

While SEC focuses more on the procedure regulation insisting on financial reports and management discussion and analysis, NFA and CFTC impose pretty straightforward requirements. To become authorised the companies have to provide 20 million USD in paid-up capital, which is considered a guarantee that the businesses can survive in turbulent times and pay whenever they have to. 

Other customer protection measures include clients’ accounts segregation and leverage restrictions for forex brokers- 1:50. Also, CFTC brokers’ clients are not allowed hedging, which is one of the very unique US features. Unfortunately, the cryptocurrencies regulation is still inept, so traders and investors should be wary when dealing with crypto offers.

Springfxcryptotrading address and contacts

Springfxcryptotrading provides us with the following address – 9900 Corporate Campus Drive Louisville KY 40223. This might seem like a perfectly valind line, but consider the fact that other scammers have tried to use it before – here is a list of the ones we have reviewed:

Tradefxintl Miningtrade24

As you can imagine, finding Springfxcryptotrading there is not more likely than any of the other scammers that have used the address.

Transparency is crucial when talking about brokers and investment companies, and it's part of the regulatory framework. The regulated companies are open to financial authorities following certain transparency rules, so it's generally unlikely to conduct fraudulent activities. They are also bound to provide the public with crucial information about themselves, making it easy for traders and investors to confirm the company's legitimacy.

Springfxcryptotrading website info

Springfxcryptotrading's website was created in February 2021 – this makes it less than two months old currently. There is not a more obvious sign of a scam than such a recent website – and Springfxcryptotrading operates from one that is also not popular enough to be featured on SimilarWeb at all, which is another red flag. However, the biggest scam sign with Springfxcryptotrading is undoubtely the fact that it is ran on the IP address, along with over 30 other scam domains. The ones we have reviewed are available below:

FXcryptonetwork Cryptoexchangefxtradeonline
Tezos Markets 
Toptechoption SkycryptOption

Finally, the owners of the website have concealed their identities from WhoIs lookups, and in doing so, once more undermined the generally accepted principles of transparency we have outlined.

Scam warning

We paid utmost attention to the regulation and transparency in the sections above because it’s mandatory for trading and investments. Pretty much each company offering financial services have to be authorised by the local financial authority. 

However, some entities operate unlicensed and intentionally run investment fraud. It would be best if you only dealt with companies authorised by the regulators, so always check to make sure they are. Bear in mind that if you trade with unauthorised businesses, you won’t be protected, so it’s very likely to suffer losses almost impossible to recover if things go wrong.

Online scam is trending nowadays with fraudulent websites popping up literally every day. The financial authorities increase the number of warnings issued year after year, but the dangers are still out there and growing exponentially. You’ll realise the hazards when you consider OneCoin scam- it’s still impossible to calculate the total loss, but it’s regarded as 15 billion worth fraud. Make sure to trade with licensed and regulated companies to avoid off-putting losses.

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