✔️ Information reviewed and updated in December 2023 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:
|🏠 Company||Lilt Group|
|️ Regulation||not regulated|
|📈 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. ⚠️
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|
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
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.|
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
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.