Read this SprimStockFX review, and share it with your loved ones to save them from scams and scam brokers.
Name of Broker: SprimStockFX
Warned By: FCA
Address: United Kingdom
Regulated By: Unregulated, Blacklisted
Overview of SprimStockFX Review 2022:
SprimStockFX is an unregulated and offshore broker. It is a clone masking itself as genuine, but it isn’t. This broker is based in the United Kingdom and is now allowed to offer financial services as it is not regulated by the British regulator FCA. According to Financial Conduct Authority – the broker is not authorized to offer financial services to UK citizens. Your money is at high risk if you trade with this broker.
Do you want to avoid such a scammers? If your answer to this question is yes, then read the SprimStockFX review and find out what you should look for in a broker before opening an account with them. If you find this SprimStockFX review 2022 useful, make sure to share it with your loved ones to save them from such scams as well.
What all should you look for in SprimStockFX Review 2022?
Scams are deadly.
Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money.
SprimStockFX Review: Regulation:
The regulation is one of the most significant checkpoints that one must look for while searching for a brokerage firm. With the increasing inflow of scammers in the market, the regulations set up barriers to ensure the scammers stay away from the market. For this, they introduced the licenses. To acquire a license, the broker must go through some tests. However, these tests are not as easy as they might sound. If a company does not have a license, it means it is UNAUTHORISED and not fit for trading. In our case, if SprimStockFX is unregulated, then this raises the first red flag against SprimStockFX in this SprimStockFX review 2022. Read More Scam Broker Reports 2022.
SprimStockFX Review: Minimum Deposit:
The minimum deposit is generally asked in small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10. If SprimStockFX asks for an amount more than the average, chances are that SprimStockFX is a scam.
SprimStockFX Review: Leverages:
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If SprimStockFX offers leverage more than this, it is a sign that SprimStockFX is a potential scam.
Conclusion: Is SprimStockFX scam or legit?
To sum up, all that has been said above, we give you the power to decide whether SprimStockFX is a scam or not. We request the readers to move forward with extreme caution. If you have been a victim of SprimStockFX scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team!
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