Spry-LTD are scammers, don't trust them!
07 / 03 / 22
Visitors: 470
Broker Spry-LTD, operating in England, is a crook with a tainted reputation.
When we go to the official website of Spry-LTD - spryltd.com, we will find that the company under study provides trading services on the Forex financial market in England. Spry-LTD also provides software for financial transactions.
Our employees explored the Spry-LTD website, got acquainted with the terms of operations, tried to get test access to the software, examined the availability of papers, the place of registration of the company.
With the help of the information received, we will find out: Spry-LTD - a divorce or not?
In addition, we will tell you how not to fall for the bait of scammers, about their methods of work. We will provide all the necessary data to keep your money safe.
Spry-LTD is based offshore
The first signal that indicates that Spry-LTD is a scam is the region of registration. The company is documented in the Marshall Islands, which is already in doubt, since the company operates in Britain. Offshore states attract the attention of scammers due to the absence of the need to comply with the law and supervision.
In addition, this region does not have the authority to work on Forex.
In addition, when our experts tried to identify the physical or legal address, mention of the owners and directors of Spry-LTD, they could not find anything.
This suggests that Spry-LTD is a shady online broker, interaction with which can result in serious financial losses.
Lack of data on the directors of spryltd.com
After researching the site, we could not find reliable information about the management of the company spryltd.com. No address, no phone number or any other way to get in touch.
Usually, this means that real directors try to hide information about themselves in order to avoid being held accountable for their actions. Even if one of the Spry-LTD employees can be found, this will all end, and the actual owners of the fraudulent organization will remain free with the money.
Spry-LTD, official website - Spry-LTD, less than 30 days
The Spry-LTD website speaks of many years of experience in the Forex market.
The most common method of analyzing the official site is to obtain information about the domain. Usually, they contain the age of the domain name, the contact information of the owner.
In a particular case, the Spry-LTD domain works for less than 30 days, and all data about the individual who owns it is classified. Another indication that Spry-LTD management is trying to protect its anonymity.
This desire can be supported, but not in those cases when it comes to a company acting as an intermediary between a trader and Forex.
At the same time, Spry-LTD assures clients that they have been working effectively in the Forex market for quite a long time.
Spryltd.com has no demo time limit
It is a common practice for brokers to give users a demo version of the services so that they can get acquainted with the interface, try their hand at playing Forex with fake money.
Unfortunately, on the site spryltd.com, we did not find any mention of a demo period, an opportunity to try out the programs.
We assume that the owners of Spry-LTD are most likely not going to give users demo access to paid software, as someone may begin to suspect fraud.
Online broker Spry-LTD works with a negative account
Registered companies that operate in the Forex financial market do not use a negative account in their activities. In accordance with the laws, an online broker's client cannot spend more than what is currently in his account. In situations where the account goes into a negative value, the loan must be repaid not by the user, but by the organization that has provided its services.
Therefore, legal Internet brokers do not use a negative account in their work.
However, spryltd.com allows traders to trade with a negative account, that is, in debt.
What is it for?
To drive the client into a minus and require him to repay the loan. This is one of the most popular fraud methods used by financial criminals.
In the event that this happens, you need to know that criminals have no way to get money under the law of England. Any means of influencing you is illegal. The most that criminals are able to do is to disturb with calls, send letters with threats.
Spryltd.com cannot be partnered with, as the agreements will result in new costs.
Spryltd.com operates with a credit ratio of 1 to 400 or more
Already now, it is clear that Spry-LTD are scammers. However, let's pay attention to one more fact, namely the existence of too much leverage.
Leverage is the ratio of clients' and brokers' money when making a trading operation. This allows users to make large transactions without having the appropriate finances with them.
In order to protect clients in the Forex market, in developed countries, the current legislation provides for the use of leverage with the highest ratio of 1 to 30, sometimes 50.
At the same time, Spry-LTD uses a leverage of 1 to four hundred for Forex trading activities.
This ratio is allowed in Switzerland, since organizations registered in this state enjoy high trust. However, Spry-LTD is not registered in this state.
In fact, Spry-LTD is not allowed to trade in the Forex market with such a credit ratio, due to the high risk to clients. Actually, this is used solely to force the user to give away more of their funds, but also to drag them into debt.
Local divisions of Spry-LTD
It is considered solid for a financial company to have local offices in developed countries, even if the work takes place exclusively in England. So Spry-LTD informs that in addition to an impressive number of awards, there are regional divisions in the UK, Australia and other civilized regions, and thousands of experienced employees.
It is very easy to check the reality of these representations. Since there are specialized organizations that control the work of online brokers. In England it's FCA, in Australia it's ASIC.
Because of this, a legal organization must have permits from these or other organizations that will confirm their authorized right to provide trading services on the Forex market, regulate the level of responsibility.
However, after analyzing the relevant websites, our staff could not find them. This once again reinforces our fears.
Registration on spryltd.com requires the transfer of personal data
As we reported earlier, Spry-LTD does not have a demo period and, accordingly, in order to gain access, you must immediately transfer the minimum payment to Spry-LTD bandits. Also, access to the personal account of spryltd.com is possible only with successful completion of user verification.
This means that Spry-LTD requires its users to provide information such as:
- Data about an individual;
- Information about the permanent place of residence (scans of utility bills);
- Information about qualifications, place of work, length of service.
Also, with the initial payment, criminals are able to access bank account information.
Combined, this information may allow criminals to take out a loan for a deceived client or carry out other illegal activities.
Since you need to transfer your confidential data to register on the spryltd.com website, our experts did not get access to the Spry-LTD personal account and services for transactions in the Forex financial market.
Real reviews about Spry-LTD
An extremely important step in exposing Spry-LTD is the study of feedback from traders.
A detailed study of the search results allowed us to obtain the following information:
- Most of the references to Spry-LTD online are fake. These are the same positive reviews and mentions of a custom type;
- All real reviews and comments about Spry-LTD are negative. Our experts were unable to find truthful references and comments from former clients of spryltd.com, which would speak of serious income, productive work.
- Negative mentions are related to illegal activities, theft of deposits, creation of credit.
Because of this, real reviews of Spry-LTD report that this broker is a criminal.
Contact Information and Papers Spry-LTD
By reviewing the mentions on spryltd.com, our staff identified many dubious digital white papers that can be easily made with a photo editor. They are not confirmed by official companies, which means they cannot be trusted.
If an Internet broker is not associated with regulatory companies, then traders simply have nowhere to turn for help.
On the "Contacts" page, our employees found a phone number. It turned out that it had already been used by an illegal online broker. There are also many reviews on the web about fraudulent activities associated with the phone number listed on spryltd.com.
Withdrawing money from spryltd.com
Are you going to make money with the help of an online Forex broker? Make sure you can take money from him.
Analyzing the user agreement on the Spry-LTD website, our specialists did not see any available information about the ways to withdraw earned money. In addition, we identified a mention of penalties for account inactivity, but did not find information about their amounts. Since criminals do not work in the official field, it is impossible to cancel these fines.
Therefore, if the client has completed cooperation with Spry-LTD, he can be called and spammed with a demand to pay a fine.
How does Spry-LTD work?
Causes concern and a way to find new users, which uses Spry-LTD.
Fake profiles on social networks are used for advertising, in which fake bloggers report how they instantly managed to make a profit by earning on the Forex financial market through Spry-LTD. Non-existent people show expensive cars and real estate, holidays in resorts, and other signs of a prosperous life.
They promise a quick income for which you do not need to study or put in a lot of effort.
If a potential user comes into contact with scammers, Spry-LTD managers inform about the possibility of quick earnings, and in addition, about the unique features of their software, which allow you to quickly earn a solid income.
After that, various tricks go into work, making it possible to receive the maximum number of deposits from the trader. For example, the user can draw fake profits to provoke the transfer of even more finances.
When the work on the Forex market turns out to be negative, the company representative will recommend transferring more to compensate for the losses.
Spry-LTD employees work according to methods that have been developed by experienced deceivers. Fraudsters analyze customer data in order to influence specific places, lure even more investments.
One way or another, all this will lead to one of two results:
- If you want to get money before you find yourself in loans, you will draw fees, close the account, and do everything to force you to pay more;
- When you give the bandits the opportunity to drive a credit account, there will be threats, criminals will begin to demand the return of a non-existent loan.
Another way to make money for Spry-LTD can be the transfer of your personal data to third parties. Probably, after that, it is really possible to get comprehensive information about you for a small amount of money on an anonymous community on the shadow Internet.
Most likely, as a result of this, all kinds of bandits, sales managers, etc. will call you. It is also worth waiting for messages from spryltd.com accomplices, who will begin to offer to “receive” lost investments, of course, for a load.
Because Spry-LTD does not operate in a regulated environment and maintains anonymity, Spry-LTD cannot be forced to respond under UK law. The owners of the criminal organization are carefully hiding and, at best, the police will be able to capture one of the "managers".
Should you trust Spry-LTD?
Never!
If you plan to give finances to scammers, then it is better to spend them on charity.
Let's briefly voice the evidence that Spry-LTD are bandits:
- Lack of official registration;
- No demo period;
- There is no information about the owners of the organization;
- Phone number found in shady operations;
- Negative balance;
- Leverage over 1 to 50;
- Negative reviews;
- Invalid data on the website.
This completes the Spry-LTD review. It is clear that Spry-LTD are scammers.
A complete list of unscrupulous brokers, that we do not recommend working with is available here.
