ANSWER Dear Investor,
We do not recommend trading with SparkFX as they do not hold a valid brokerage licence.
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. We therefore strongly advise you to avoid trading with SparkFX in order to protect your funds.
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