✔️ Information reviewed and updated in May 2024 by Pedro Martínez González
In this section we will tell you why You should NOT invest in Spartan Trade. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about Spartan Trade and tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | spartan-trade.com |
| 🏠 Company | Lilt Group |
| ️ Regulatory | not regulated |
| Support@SpartanTrade.com | |
| 📈 Leading | Web trader |
| 📌 Address | Suite C, Orion Mall Palm Street, Victoria Mahe, Seychelles |
⚠️ Spartan Trade is owned by Lilt Group, the company is located in Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️
Account types
Now we move on to analyze the account types that Spartan Trade offers, in this case, we observe that it offers 3 different account types:
| Account type | Minimum initial deposit |
| Standard | €250 |
| Premium | €2.500 |
| Approval | €25.000 |
Information on the web
Spartan Trade provides a basic explanation about the financial products it offers, market news and analysis, FAQ section, not much else.
List of phone numbers
- So far the company does not have phone numbers.
🚫 Spartan Trade Final Rating 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH Spartan Trade.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.
Video review of Spartan Trade
Updates
News about Spartan Trade:
| Date | Update – news |
|---|---|
| August 2022 | Complaint against Spartan Trade from financial regulator: AMF. |
| September 2022 | Complaint against Spartan Trade from financial regulator: CNMV. |
| November 2022 | We receive messages from clients assuring that Spartan Trade maintains a close relationship with CryptoMarket, a broker with several complaints for scams. |
| December 2022 | Complaint against Spartan Trade from financial regulator: CONSOB. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Spartan Trade.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Spartan Trade
How to Report Spartan Trade
FAQs
How can I report Spartan Trade?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is Spartan Trade a scam – is it scam?
Yes. We believe that Spartan Trade is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.
Is Spartan Trade trustworthy?
No. Spartan Trade is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.
How to recover money from Spartan Trade?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to Spartan Trade?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
Good afternoon, I was scammed on the spartantrade platform, the lady who contacted me mentioned that my investment was very little and that she was not going to waste her time with so little and because I did not want to invest more they blocked me
Hi Leonardo, thanks for writing about Spartan Trade. This broker is considered a SCAM. The AMF (French Financial Regulator) has put a notice on them, for lack of regulation and for misleading their clients (See AMF link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.
To get your money back, talk to our chat or click on this link: CLAIM YOUR MONEY
Greetings.
In July I invested in Spartan Trade.com the equivalent of $250 DLLs. ($5318 Mexican pesos) and on the third day, a certain Ellen pressured me to invest $2000 DLLs. I told her that she would think about it and gave her my answer through the Viber app. From that day on, she spent about 10 days and I didn't answer her because of whatever situation, but she dialed up to 4 times every day. She asks questions in a tone of demand and annoyance. Then another time I replied and he "invited" me to invest. I told him that I didn't have any more and that the 250 were my personal savings and that I didn't even ask my husband for his opinion. He got angry and told me "well, I'll talk to your husband," I told him. this is not my business she started to raise her voice and claim that I don't answer her that she is managing my account etc. I ended up telling him that I don't have any more money and so I better cancel and want my money back and at this point he hangs up. On other occasions she calls me and asks if she had seen my balance yet and I told her no and she gets upset. I already gave my money for lost since then. It's just an unfortunately unpleasant learning for me to take away acting impulsively. There's karma and I'll be fine and sooner or later life will charge those rogue thieves. I send you blessings because you will need them.
Hi Sayuri, thanks for writing about Spartan Trade. This broker is considered a SCAM. The AMF (French Financial Regulator) has put a notice on them, for lack of regulation and for misleading their clients (See AMF link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.
To get your money back, talk to our chat or click on this link: CLAIM YOUR MONEY
Greetings.
I also fell for Spartan -Trade .com. The same modus operandi: You register on the WEB, after a few seconds they call you an executive, you ask some questions such as if you can withdraw the money at any time, etc. all good and favorable they ask you for a photo of your identity card both sides. Everything seems normal, bank account to make the deposits. Then they tell you that an advisor will guide you in the transactions, you deposit 250 dollars by credit card and call you daily to show you the balance of what you have earned on the Spartan Trade web application, already on the fourth day they show you that it is profitable with foreign currency but for earn more you have to invest more at least 2000 dollars in cryptocurrencies after three days you have already earned 20000 dollars, then they asked me to deposit an additional 20000 dollars. With that I worry. Searching the internet for what this company was like, I found this page, my horror was shocking, when I spoke with the advisor. I wanted to recover my money with a withdrawal of what I had invested 2250 dollars and she told me that I should withdraw everything, that is, 20000 dollars, but that I should pay the advice, commissions and taxes, which is reasonable, but I should make the payment with the credit card. credit. Already suspicious even more. The obvious thing is that when withdrawing from the balance, the commissions and taxes are deducted from the advice. Of course I don't have what they ask me to deposit to withdraw, they asked me for almost 5000 more dollars and to pay again without being sure of recovering anything, I told her after several calls in which we already spoke in a more aggressive tone about her and It also bothered me that I didn't have the money he asked for and I mentioned to him that I can't pay and he already considered the money lost, while he threatened me that I would receive a fine by mail and that it was about 50000 dollars and that I had all my details as she was under FCA rules with her UK authorized license etc. Until the day I give, I cannot withdraw the money from what I invested and less than what I supposedly earned. Do not give them access through a remote control application to your phone or computer except bank passwords or force you to transfer money to them. It has been a very bad and unpleasant experience. Today I already blocked the credit card and notified the Bank. I am left wondering what will become of that supposed fine that will arrive at my home when I have all my records, a photo of my identity card, what can they do?
Hi Joselillo, thanks for writing about Spartan Trade. This broker is considered a SCAM. The AMF (French Financial Regulator) has put a notice on them, for lack of regulation and for misleading their clients (See AMF link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.
To get your money back, talk to our chat or click on this link: CLAIM YOUR MONEY
Greetings.
THIS COMPANY IS A TOTAL SCAM, THEY ROBBED ME AND I WAS IN DEBT; SUPPOSEDLY MY CONTACT WAS CALLED EMILIA, SHE CALLED ME FROM THE NUMBER 447360525751, APPARENTLY EVERYTHING WAS OK AND TO WITHDRAW THE MONEY THEY ASKED ME FOR A PAYMENT, DIAL FOR TAX, AND WHEN PAYING IT THEY TOLD ME THAT FOR THE DOLLAR EXCHANGE I GOT LESS, AND THAT I COULD NOT PAY ME, THAT I HAD TO MAKE A PAYMENT TO WITHDRAW EVERYTHING; I TOLD YOU I WOULDN'T PUT ONE MORE SUN.
HE WAS VERY ANNOYED THAT HOW WAS HE GOING TO LEAVE IF IT WAS A LOT OF MONEY AND WHAT HE SHOULD SEE TO PAY AND WITHDRAW. FROM THAT DAY THEY BLOCKED ME.
Hello ELVA, thanks for writing about Spartan Trade. This broker is considered a SCAM. The AMF (French Financial Regulator) has put a notice on them, for lack of regulation and for misleading their clients (See AMF link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.
To get your money back, talk to our chat or click on this link: CLAIM YOUR MONEY
Greetings.
They called me and asked me to make the transfer and Lugo would contact me with an advisor
Hi Dario, thanks for writing about Spartan Trade. This broker is considered a SCAM. The AMF (French Financial Regulator) has put a notice on them, for lack of regulation and for misleading their clients (See AMF link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.
To get your money back, talk to our chat or click on this link: CLAIM YOUR MONEY
Greetings.
I'm Gonzalo, again. The question is whether spartan TRADE is the same as spartan trading, which advertises its headquarters in Vancouver on its page. Thank you
Hello Gonzalo, normally what these scam brokers do is change the name so as not to appear in searches as thieves, if you want, send the website and we review it well to be sure of what it is.
Greetings.
AMF denounced them, be very careful.
Hello ANONYMOUS, thanks for writing about Spartan Trade. This broker is considered a SCAM. The AMF (French Financial Regulator) has put a notice on them, for lack of regulation and for misleading their clients (See AMF link).
We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you have lost everything and they keep it that way.
If when you request a withdrawal, they ask you for more to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the names of your advisor, numbers, emails from which they have contacted you, etc.
To get your money back, talk to our chat or click on this link: CLAIM YOUR MONEY
Greetings.
GOOD NIGHT TO KNOW IF SPARTAN TRADE IN LONDON IS REGULATED. THANK YOU
Hello Gabriela, THERE IS NO REGULATION AND THEY ARE NOT IN LONDON, if they tell you that they are lying to you. Thanks for writing about Spartan Trade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
I have €370 in the standard account. The truth is that I'm not going to add another euro, but the most worrying thing of all is that they can send charges to the bank. Do you know how it is? The truth is that spartan TRADE is a real scam, right?
Hi Gonzalo, thanks for writing about Spartan Trade. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
This company stole all my money, I don't know how to get it back.
Hello ANONYMOUS, thank you for your comment about Spartan Trade. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY
Greetings.