Warning: Is Spmarket24 a Scam?

Spmarket24 (spmarket24.com) Review

Spmarket24 (spmarket24.com) has been marked as a probable illicit broker.

We found that it is located at Marshall Islands, the phone number is '+41 626 746 727, and the support email is support@spmarket24.com.

Spmarket24 claims to be a investment firm, but it appears currently illegal by any top-tier authority, like the ASIC or CySEC.

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Is Spmarket24 Safe?

The biggest red flag is that Spmarket24 (spmarket24.com) is unauthorized from a credible authority.

Trading with unlicensed firms is very unsafe. Legitimate firms are always licensed with agencies like the FCA, CySEC, or CFTC for your protection.

Spmarket24 operates without this supervision. As a result, there is no legal recourse if they withhold your funds. Most online scams involve unlicensed actors, and getting back funds from them is hard without expert assistance.

For instance, in Europe, unauthorized firms are not covered by the compensation schemes. In the US, they are not part of SIPC, so your money is completely exposed.

Warning Signs of Spmarket24

Investment fraud is evolving. Scammers use psychological tricks to take your savings. Below are common tactics seen in brokers like Spmarket24 (spmarket24.com).

The "Romance" Trap

"Pig Butchering" is a common tactic where scammers build trust over months. They build a romance on social media. Eventually, they mention a "lucrative" crypto opportunity. It's a trap to lure you onto a scam site like Spmarket24.

Rigged Platforms

Fraudsters create websites that look exactly like legit trading apps. You see graphs and balances that go up. But it is a simulation. The scammer controls the prices to convince you so you invest more. When you try to withdraw, the "profits" disappear.

Other Warning Signs

• Unsolicited Contact: They call you from "brokers" you don't know.
• No License: The firm lacks legal registration.
• Guaranteed Profits: They guarantee 1% daily returns with no risk.
• Withdrawal Issues: They refuse withdrawals. They ask for "tax fees" before releasing funds.
• Pressure Tactics: Agents pressure you to deposit more.

Do not trust fake reviews. Scammers frequently write their own 5-star comments to look legitimate.

Verdict

Our verdict is to avoid Spmarket24. It appears to be a scam. Save your funds and use a regulated broker. Avoid spmarket24.com at all costs.