Spry-LTD is a scammer disguised as a broker!
Broker Spry-LTD, operating in England, is considered a swindler with a damaged reputation.
When we go to the official website of Spry-LTD - spryltd.com, we will find that this company provides intermediary services for trading operations on the Forex market in England. Spry-LTD also provides financial action programs.
Our employees explored the official website of Spry-LTD, got acquainted with the terms of action, tried to get at least demo access to the services, looked at the existence of official papers, the region of registration of the company.
With the help of the information received, we will find out: Spry-LTD - a divorce or not?
We will also explain to you how not to fall for the bait of criminals, about their methods of operations. We will tell you all the necessary data in order to keep your investments safe.
Spry-LTD is based offshore
A serious sign indicating that spryltd.com are criminals is the region of registration. According to the documents, the company is registered in the Republic of the Marshall Islands, which is already doubtful, since the company operates in Britain. Offshore states attract the attention of criminals due to the absence of the need to comply with the law and the executive branch.
Moreover, this region does not have the authority to operate in the Forex financial market.
In addition, when we tried to find the real address, data on the owners and directors of Spry-LTD, we could not find anything.
This suggests that spryltd.com is a criminal online broker, working with which will result in large financial losses.
Unable to find ownership data for spryltd.com
After examining the website, our experts have not been able to identify the truthful information about the owners of the organization spryltd.com. No physical address, no phone numbers or other means of contact.
We assume that this means that the real owners are trying to hide themselves in order to avoid punishment for crimes. If one of the employees of Spry-LTD can be exposed, then this will all end, and the heads of the fraudulent company will remain free.
Spry-LTD, website - Spry-LTD, is less than 30 days old
The spryltd.com website speaks of serious experience in the Forex financial market.
The main way to check a website is to obtain information about its domain. Most often, they contain the period of operation of the domain name, data for the owner's connection.
In our case, the Spry-LTD domain exists for less than thirty days, and the information about the person who owns it is classified. More evidence that Spry-LTD management is trying to remain anonymous.
This desire can be supported, but not when it comes to a company that works as an intermediary between the user and the Forex market.
In addition to this, spryltd.com assure potential users that they have been successful in Forex for a long time.
Spry-LTD does not have a demo period
It is a common practice for online brokers to give their clients a demo version of their software so that they can get familiar with the interface and test their skills in Forex transactions with virtual currency.
Unfortunately, on the Spry-LTD website, we did not find any information about the demo period, the opportunity to try the software.
Probably the management of the spryltd.com organization most likely does not plan to provide users with test access to paid software, since some of them are able to suspect something is wrong.
Internet broker spryltd.com operates with a negative score
Official firms that operate in the Forex market do not use a negative account in their activities. By law, a broker user cannot spend more than what is currently on his balance sheet. In rare cases, when the account goes negative, the loan must be repaid not by the trader, but by the company that provided the services.
Therefore, official Internet brokers do not use a negative balance in their activities.
However, Spry-LTD provides its traders with work with a negative account, that is, in debt.
Why is this needed?
In order to drive the user into debt and start extorting him to pay off the debt. This is one of the most popular methods of deception used by financial criminals.
In the event that this has already happened, you need to know that deceivers have no way to recover investments under UK law. Absolutely all methods of pressure on you are considered illegal. The maximum that scammers are capable of is calling, sending messages with threats.
You cannot cooperate with spryltd.com, as any attempts to negotiate will result in costs.
Spry-LTD operate with a leverage of one to four hundred or more
Already, it becomes clear that Spry-LTD are scammers. And yet, let's pay attention to one more fact, namely the existence of too much leverage.
The credit ratio is the ratio of money of clients and brokers at the conclusion of a transaction. It allows you to close large transactions for clients who do not have sufficient funds available.
In order to protect traders in the Forex market, in developed regions the laws provide for the use of a credit ratio with a maximum ratio of one to 30, sometimes fifty.
At the same time, Spry-LTD applies a leverage of 1 to four hundred for Forex trading activities.
This ratio is legalized in Switzerland, since organizations registered in this country enjoy high confidence. However, Spry-LTD is not registered in this country.
In fact, Spry-LTD is not allowed to work on Forex with such leverage, due to the high risk for clients. So, this is used only to force the user to invest more personal funds, but also to drag him into debt.
Spry-LTD Local Offices
It is considered important for any financial company to have local divisions in developed countries, even if the work takes place exclusively in the UK. Therefore, Spry-LTD reports that in addition to an impressive number of bonuses, there are local divisions in England, Australia and other developed countries, as well as a large number of experienced workers.
Checking the reality of these representations is elementary. Since industry organizations are known that control the work of brokers. In the UK, this is FCA, and for example, Australia - ASIC.
That is, a legal organization must have official documents from these or other structures that will confirm their right to provide trading services on the Forex financial market and indicate the level of responsibility.
However, after checking industry official websites, our experts were unable to locate them. Which once again confirms the fears.
Registration on spryltd.com requires the transfer of confidential data
As we said earlier, Spry-LTD does not have a trial period, and because of this, in order to gain access, you must immediately transfer the minimum contribution to the Spry-LTD bandits. Also, access to the personal account of spryltd.com is only possible after passing the client's confirmation.
This means that Spry-LTD requires users to submit data such as:
- Information about an individual (passport, etc.);
- Data on the permanent place of residence (scans of utility bills);
- Information about qualifications, place of work, length of service.
Also, during the first transfer, fraudsters can gain access to bank card information.
Together, this information can enable criminals to swipe a loan to a gullible user or carry out other criminal activities.
Since registration on the spryltd.com website requires the submission of personal information, our specialists were unable to access the Spry-LTD personal account and programs for transactions in the Forex market.
Real reviews about Spry-LTD
A very important step in exposing Spry-LTD is the analysis of user reviews.
A detailed analysis of the issue in search engines gave the following data:
- Most of the references to Spry-LTD online are fake. These are the same positive reviews of a customized nature;
- All genuine Spry-LTD reviews are bad. We have not been able to find any credible testimonials from users of spryltd.com that mention big earnings, efficient trading.
- Negative reviews are caused by criminal activities, investment theft, debt creation.
Therefore, reviews of Spry-LTD report that this broker is a criminal.
Contact information and papers Spry-LTD
After analyzing the mentions on spryltd.com, our experts saw a lot of dubious digital papers that can be easily made using a graphic editor. They are not confirmed by official companies, which means they cannot be trusted.
If an Internet broker is not associated with regulatory firms, then users simply have nowhere to turn for help.
On the "Contacts" page, our specialists 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 a financial Forex broker? Make sure you can take money from him.
After reviewing the user agreement on the Spry-LTD website, our experts did not find specific information on how to withdraw funds. Also, our experts found a mention of fines for a long period of inactivity of a personal account, but there was no information about the sizes. Since the bandits do not work in the legal field, it is impossible to protest these requisitions.
That is, if the client has completed cooperation with Spry-LTD, they can begin to call him and write letters demanding to pay a fine.
How does Spry-LTD work?
The way Spry-LTD uses to find customers also raises concerns.
For promotion, fake social media accounts are used, in which fake users spread information about how they quickly managed to get rich by making Forex transactions through Spry-LTD. Advertising accounts showcase expensive cars and clothes, vacations in resorts, and other manifestations of a prosperous life.
They promise instant income, for which you do not need to learn or make any effort.
If a client gets in touch with scammers, Spry-LTD managers confirm the reality of an instant profit, and in addition about some unique features of their software that will allow you to immediately get a solid income.
After that, various tricks are used to get as much money from the client as possible. For example, you may be drawn with fake profits to inspire you to invest more money.
If the work on Forex becomes negative, the company representative will offer to invest more in order to compensate for the losses.
Spry-LTD employees work according to the methods developed by professional psychologists. Fraudsters study information about the client in order to put pressure on specific places, to lure out even more deposits.
As a result, everything will come to one of two results:
- If you want to withdraw money before you find yourself in loans, you will be fined, your balance will be frozen, and everything will be done to force you to pay more;
- If you allow scammers to take credit from your account, there will be threats, criminals will demand the return of a fake debt.
An additional way to generate income for Spry-LTD is to sell your personal data to third parties. Probably, after that, it is possible to obtain comprehensive information about you for a moderate amount on some anonymous community on the shadow Internet.
Most likely, as a result of this, various swindlers, managers, etc. will start writing to you. We should also wait for calls from Spry-LTD colleagues who will offer a "return" of lost money, of course for a load.
Since Spry-LTD does not operate in the official field and remains anonymous, Spry-LTD cannot be forced to answer under the law in Britain. The organizers of the criminal firm are skillfully hiding and in the best case, the legitimate authorities will be able to figure out one of the "managers".
Can Spry-LTD be trusted?
In no case!
If you are going to give finances to criminals, then spend them on a good deed.
Let's briefly list the evidence that Spry-LTD is a scam:
- Lack of official registration;
- No trial period;
- There is no information about the owners of the organization;
- Phone number seen in illegal schemes;
- Negative balance;
- Leverage greater than 1 to fifty;
- Bad reviews;
- False information on the website.
Spry-LTD Complete Review - Completed. Obviously Spry-LTD are scammers.