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

🌐 Websitespartan-trade.com
🏠 CompanyLilt Group
Regulationnot regulated
📧 Email[email protected] trade.com
📈 PlatformWeb trader
📌 AddressSuite 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 typeMinimum initial deposit
Standard 250€
Premium 2.500€
Profile  25.000€

Information on the web

SpartanTrade website

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.

updates

News about Spartan Trade:

DateUpdate – news
August 2022Complaint against Spartan Trade from financial regulator: AMF.
September 2022Complaint against Spartan Trade from financial regulator: CNMV.
November 2022We receive messages from clients assuring that Spartan Trade maintains a close relationship with CryptoMarket, a broker with several complaints for scams.

User Reviews

What do you think of Spartan Trade? What has been your experience?

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

Frequently Asked Questions

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.


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About the author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.

About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.

Do you want more information? You can read more about me here in my biography.

45 comments on «Is Spartan Trade a scam? 2022 Reviews»

  1. mary Reply

    It's a Spartan TRADE scam, Nicol helped me and she wanted me to deposit more money and then in a month I already had €6000 supposedly without me doing anything, just her and then she tells me that to withdraw money I have to pay €1000 and I told her no I had no money and I wanted to get a mini loan from my card and it does not allow any of that. Then I unsubscribed from everything and I do not want to know more about this woman and her scams, be careful. I lost €250 but she could not get me more

    • Recommended-brokers.com Reply

      Hello Mary, they do not have regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

  2. anonymous Reply

    I was contacted by Alexa Russo and she told me about cryptocurrencies, I made several deposits for MORE THAN 60.000 dollars in Chile

    to the company https ://www .cryptomkt .com/es/ and they sent the money with my authorization to spartan-trade.com

    apparently my cryptocurrencies were growing and I decided to withdraw my money and Alexa no longer appeared and they told me that I should deposit

    to recover my money I did it a few days ago and I have not heard anything. Start researching and come to you.

    I am very desperate with the situation, and I hope you can help me.

    • Recommended-brokers.com Reply

      Hello anonymous, they have no regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

    • Ronny Reply

      Write me and I will help you. I know how to recover your capital, it already happened to me.

  3. Bruno Reply

    hello I was also scammed by spartan trade 1500 euro, but now I don't trust the companies that say that you get your money back, beware many are also scams on scams, I wanted to know how you can identify a company claiming money without encountering a scammer, Thanks a lot

    • Recommended-brokers.com Reply

      Hi Bruno, they have no regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

    • Recommended-brokers.com Reply

      Hi Marco, explain what happened, they have no regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

  4. Octavio Reply

    They are thieves, thieves, they don't let me withdraw my money, they are thieves.

    • Recommended-brokers.com Reply

      Hello Octavio, they do not have regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

      • Anonymous Reply

        They are thieves, when you want to withdraw the benefits they tell you that you have to deposit 20 percent of your benefits and then they will make the deposit. I told them that I was not going to enter more money that they deduct it from the benefits and that it cannot be, anyway, they call you insisting. They are scammers. What I want is to recover what I have invested

        • Recommended-brokers.com Reply

          Hello Anonymous, they do not have regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

  5. Juan Martin Tuesta G. Reply

    Dear, right now I am claiming my withdrawal of earnings. and the advisor with whom my “SHEILA SMITH” account came, is forcing me to deposit 15% of my total profit as a condition to transfer them to me. They tell me that this payment is to pay taxes to the government of England. They give me 3 days to pay them the condition, otherwise they block my account, and I lose investment + earnings. The contacts you have on the WEB page ARE FALSE, the page does not process the claims and the mail [email protected] BOUNCE.
    They do not present me with any means of claim, or solution to this condition.

    • Recommended-brokers.com Reply

      Hello Juan, if you pay what they ask for, they will keep it too. They have no regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

      • Elva Ayala Reply

        Hello, I'm Elva, I invested 750 dollars and according to what they generated a return of 4,000 and to withdraw them they ask me to deposit another 400 dollars, which if I don't deposit they are lost.

        • Recommended-brokers.com Reply

          Hi Elva, it's a scam, don't fall for it, the benefits are created by them, they are accounting entries and your money never goes into operations, now they demand 400 and later, if you pay they will ask you for more money with another excuse, it's all a fraud.

          Greetings.

  6. maria carmona saravia Reply

    I am Maria Carmona I would like to know if Spartan Traden is regulated because I have an account there I opened it a month and a half ago but they do not transfer my earnings to me thanks what can I do

    • Recommended-brokers.com Reply

      Hello Maria, they do not have regulation. Thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

  7. Gustavo Alcocer Reply

    A crap company dial, nothing is further from reality ... they are just a gang of bastard thieves. They robbed me and my family through trickery but I can also put up a fight. I recommend the money recovery company, they helped me win the war against these hdp. Thanks for recommending it.

  8. gala arellano Reply

    This company has many complaints and the CNMV has already made it known, there are many of us who have been scammed

    • Recommended-brokers.com Reply

      Hello Gala Arellano, thanks for writing about Spartan Trade. This broker is considered a SCAM. The CNMV (Spanish Financial Regulator) has put a notice on them, for lack of regulation and for deceiving their clients See CNMV 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.

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