SparkFX
SparkFX claims to operate under SparkFX Ltd, which is licensed by the Saint Lucia International Financial Centre (IFC). While we can confirm that a company with the same name is registered with the Saint Lucia IFC, this merely grants the entity International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licenses forex trading activities. Therefore, claiming to be licensed in Saint Lucia is misleading.
Furthermore, SparkFX claims to have physical addresses in several countries, including the UAE and Malaysia. However, it is not licensed by any recognised financial authority in these jurisdictions. This is a major red flag indicating fraudulent activity. Therefore, SparkFX appears to be a scam.
SparkFX claims to operate under SparkFX Ltd, which is licensed by the Saint Lucia International Financial Centre (IFC). While we can confirm that a company with the same name is registered with the Saint Lucia IFC, this merely grants the entity International Business Company (IBC) status. This does not constitute a valid financial licence. The IFC neither regulates nor licenses forex trading activities. Therefore, claiming to be licensed in Saint Lucia is misleading. Furthermore, SparkFX claims to have physical addresses in several countries, including the UAE and Malaysia. However, it is not licensed by any recognised financial authority in these jurisdictions. This is a major red flag indicating fraudulent activity. Therefore, SparkFX appears to be a scam.
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Risk Warning:
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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