CryptSparkFX Review: Cryptsparkfx.com A Desparate Broker

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CryptSparkFx Review
  • Fund Safety
  • Regulation
  • Client Testimonials
  • Customer Support
0.5

Summary

CryptSparkFx does not feature any banking information to assert that your money is safe. The anonymous founders and employees are the only likely beneficiaries since they may be keeping funds in personal accounts.

CryptSparkFx is an offshore broker that looks forward to making Cryptocurrencies and forex trading more accessible to traders. Hence they offer you an opportunity to buy, use and store Cryptocurrencies.

CryptSparkFx Review, CryptSparkFx Company

Therefore before you choose to go any step further as the deposit is a concern, there are several factors you should consider. Thus in this unbiased review on CryptSparkFx, we highlight several loopholes that should serve as a warning.

Meanwhile, these legit cryptocurrency companies operate transparently, and you will surely gain sensible profits. Also, they feature tried and tested techniques that will generate reasonable returns. Unlike CryptSparkFx, there is no information regarding their operation style, and you can start questioning their credibility from here. CryptSparkFx assures customers of monitoring market prices and news, and you massively earn through their mining process. They claim that through them, you have access to the market in your pocket.

The sales page for CryptSparkFx is poorly done, and a lot of relevant information is missing raising even more concern about their credibility. To access the services, they offer you can download the platform on mobile devices, and the registration steps are fast and easy. In addition, you should first test the software’s credibility and fully understand how the platform works. This can only be done via a demo account which is also missing.

CryptSparkFx.com Review

CryptSparkFx.com allows you to trade with confidence through their brand. However, there is no information regarding the company founders or that of their employees. So you highly risk relying on people who have absolutely no idea how the trading world works. CryptSparkFx.com assures you of professionalism, yet there is no single data showing the kind of qualifications they hold. Hence, you are only putting your cash at risk. Your personal data may end up in the hands of criminals.

The trading world faces high competition, and pyramid schemes look for a loophole to take on innocent traders. Therefore you should avoid any murkiness a company exposes, and CryptSparkFx exposes too many red flags. CryptSparkFx fails to unravel any information regarding how the software they use for trading works. There is also no data on the algorithm it applies to get more profits than losses. Nevertheless, you may end up purchasing a product that will hardly generate any profits your way.

How CryptSparkFx.com Operates

CryptSparkFx.com gives traders investment opportunities on various trading services such as; Forex, crude oil, binary options, Gold, among other assets. They also assure traders of special trade guidance with professionals. They also claim to have a wide range of investment strategies from various portfolio managers. Also, they have fully automated services which are highly advisable due to the inability to hold emotions while trading.

However, relying on the wrong kind of tools will only yield more losses. Accordingly, the trading world faces high volatility, and CryptSparkFx does not seem to have any risk management measures in place. While operating with them, they claim to feature several advantages, such as 24/7 customer support, easy withdrawals, a mobile platform, a user-friendly interface, and an award-winning platform. All this details do not explain how the company works, and nothing makes sense with them.

Moreover, scammers all tend to operate similarly, and there is no doubt CryptSparkFx will operate any different.  They will make all sorts of attempts to make you deposit funds, including promising up to 50% on your first deposit. Therefore once you make a deposit, you have automatically made the anonymous founders rich. What follows is they will ignore your call or block you from accessing their services further. The company aims to make ‘everything you can imagine real’ as far as a trading concern.

CryptSparkFx Funds Safety

CryptSparkFx does not have any funds safety guarantee, and also there is no privacy policy to determine your personal data is also secure from third parties. They claim to be the investment platform you can trust, but you will only be making the anonymous people rich. They do not have any past trade data to help determine the returns to expect. Yous should find atleast three months or more of trade history data before you finally decide to trust a trading entity.

CryptSparkFx does not feature any banking information to assert that your money is safe. The anonymous founders and employees are the only likely beneficiaries since they may be keeping funds in personal accounts. The level of murkiness they expose most certainly shows there is a hidden agenda which is definitely to swindle all your hard-earned funds. They claim to have more than 6years of experience, but not a single evidence of the same is available.

Deposit and Withdrawals

CryptSparkFx accepts Cryptocurrencies and wire transfer options, and with these techniques, you cannot reverse transactions. The minimum deposit amount is $5000, which is extremely costly for software that you do not know works. You should consider depositing credit and debit options. You can request for chargeback up to 540 days. Once you deposit with CryptSparkFx, they do not have a refund policy, and you cannot get your funds back.

There is no evidence of any customers completing successful withdrawals after trading. The timeline for Withdrawals is unknown, and you may actually have a hard time accessing your funds. Also, you should instantly have access to your money.

CryptSparkFx Customer Support

CryptSparkFx does not have a telephone contact method that you can use to reach them. Working customer support helps create more trust with the entity. This also builds customer relations and shows they put you first. Also, you should receive any response to your query instantly, all in due time.

CryptSparkFx only has one method you can use to reach them through writing to them via email; support@cryptsaprkfx.com. There is absolutely no guarantee that they will reach out to you once you make any deposit. The head office location address points to 32-33 Cartwright Gardens London United Kingdom wc1h 9EH. However, during our research, it turns out the location has nothing to do with CryptSparkFx.com. Hence it would help if you stayed away from the platform at all costs.

Regulation

CryptSparkFx claims to be based in the UK from that location whereabouts details. However, in most countries, there are responsible regulation bodies. In the UK, for example, the FCA requires trade entities to have atleast €750,000. Which scammers like CryptSparkFx can barely afford. Alternatively, they end up making up ways to escape regulation and operate illegally. The founders of the platform risk facing criminal prosecutions, and this explains why similar data is hidden.

Regulated forex brokers last long in the market, and you can easily find and confirm the same data with responsible bodies. On the other hand, unregulated platforms will try to use registration data in place of regulation, and you should be watchful for such traits. The company may face closure, or they may even disappear with all your hard-earned money.

Final Verdict

CryptSparkFx is illegally generating funds from the public while claiming to offer investment services in Cryptocurrencies and forex. They do not have any reliable trade strategies they apply that help them to stand out. There is no past trade data to help determine the returns to expect, which is a major red flag. Accordingly, we can keep listing multiple reasons not to trust the company and why nothing they promise you to make sense.

Thus you should choose to invest with legit cryptocurrency companies that operate with reasonable tested techniques to generate reasonable profits your way. Avoid CryptSparkFx at all costs, and inviting friends and family for affiliate bonuses will only expose them to scammers.

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