Spry-LTD is a scammer disguised as a broker!
The Internet broker Spry-LTD, which operates in Britain, is considered a scammer with a bad reputation.
When we go to the official website of Spry-LTD - spryltd.com, we will find that this organization provides services for operations in the Forex financial market in Britain. Spry-LTD also provides services for trading activities.
Our specialists studied the Spry-LTD website, got acquainted with the terms of operations, tried to get at least demo access to the software, investigated the availability of official papers, the region where the organization was registered.
With the help of the received data, we will find out: Spry-LTD - a divorce or not?
In addition, we will explain to you how not to fall for the hook of deceivers, about their work algorithms. We will give you all the necessary data in order to keep your investment safe.
Spry-LTD is offshore
The first signal that says that Spry-LTD is a scam is the country of registration. The company is officially registered in the Republic of the Marshall Islands, which is already doubtful, since Spry-LTD operates in the UK. Offshore countries are popular with scammers due to the lack of laws and control.
Also, this region does not have the authority to work on Forex.
In addition, when our experts tried to find the address, mentions of the owners and directors of spryltd.com, they could not find anything.
This shows that Spry-LTD is a shadow Internet broker, cooperation with which will result in significant financial losses.
Lack of data on the owners of Spry-LTD
After researching the website, our employees were unable to find any credible information about the owners of spryltd.com. No legal address, no phone numbers or other means of contact.
Most likely, this means that the owners are trying to hide themselves in order to elude responsibility for crimes. Even if one of the managers of Spry-LTD can be found, then this will all end, and the owners of the shadow company will remain at large.
Spry-LTD, website - Spry-LTD, works less than a month
The official website of Spry-LTD speaks of serious experience in Forex.
The most common way to analyze any web site is to get data about a domain name. As a rule, they fix the period of validity of the domain name, data for contacting its owner.
In this case, the Spry-LTD domain name is valid for less than thirty days, and all data about the legal or natural person owning it is classified. Another proof that the owners of Spry-LTD are trying to protect their anonymity.
Such a desire can be understood, but not in those cases when it comes to a company acting as an intermediary between a client and Forex.
In addition to this, Spry-LTD assure their potential users that they have been successfully operating in the Forex market for a long time.
Spryltd.com does not have a trial period
It is a common practice for online brokers to give traders a demo version of the services so that they can get acquainted with the interface and test their capabilities in Forex trading with virtual money.
Unfortunately, on the site spryltd.com, we could not find information about the trial period, the ability to try the programs.
Most likely, the organizers of the company spryltd.com are simply not going to provide users with test access to their software, since someone is able to begin to suspect a scam.
Broker Spry-LTD works with a negative account
Legal organizations that operate in the Forex market do not use a negative balance in their activities. In accordance with the laws, a broker's client is not able to spend more now there is on his balance sheet. In those rare situations when the account still goes into a negative value, the loan must be repaid not by the client, but by the organization that provided the services.
Therefore, official brokers do not use a negative account in their activities.
However, Spry-LTD gives users a job with a negative balance, that is, in debt.
Why is this needed?
In order to drive the client into a minus and pay off the debt from him. This is one of the most commonly used methods of deception that bandits use.
If this has already happened, it must be remembered that criminals do not have the opportunity to get money in accordance with the laws of England. All methods of influencing traders are criminal. The most that scammers are capable of is to disturb with calls, write messages with demands.
Spry-LTD cannot be dealt with, as all arrangements will result in new expenses.
Spryltd.com operate with a leverage of 1:400 or more
Already, it is clear that Spry-LTD are criminals. However, let's pay attention to another nuance, namely the existence of an extremely high leverage.
Leverage is the ratio of the funds of traders and online brokers when concluding a transaction. It allows large trading transactions to be carried out by users who do not have access to the appropriate finances.
In order to protect Forex users, in civilized countries, the current legislation provides for the use of leverage with a maximum ratio of one to 30, in exceptional cases 50.
At the same time, Spry-LTD uses a credit ratio of 1 to 400 to make money on Forex.
This ratio is allowed in Switzerland, since organizations registered in this country enjoy a high level of trust. But Spry-LTD is not registered in this country.
As a matter of fact, Spry-LTD cannot trade in the Forex market with such a credit ratio, due to the high risk for users. So, this is used to force the user to give away more of his own money, but also to drive him into loans.
Local divisions of Spry-LTD
It is considered important for a financial firm to have regional divisions in civilized countries, even if the work is carried out exclusively in Britain. Therefore, Spry-LTD talks about the fact that in addition to a significant number of bonuses, there are local offices in England, Australia and other civilized countries, and also about a lot of skilled workers.
Checking the reality of these representations is elementary. Since there are specialized organizations that control the actions of brokers. In England, this is FCA, and for example, Australia - ASIC.
Accordingly, a law-abiding organization is required to have supporting documents from these or other organizations that will prove their authorized right to provide Forex earnings services, determine the level of responsibility.
And yet, after checking the industry sites, we could not find them. Which once again confirms our suspicions.
For registration on spryltd.com, you need to transfer personal data
As we said before, Spry-LTD does not have a demo period, and therefore, in order to gain access, you must immediately transfer the minimum deposit to Spry-LTD criminals. In addition, access to the spryltd.com personal account is possible only upon completion of user confirmation.
This means that Spry-LTD requires its users to submit data such as:
- Information about an individual (passport, etc.);
- Information about the permanent place of residence (scans of utility bills);
- Information about the place of work, qualifications, experience.
In addition, during the initial transfer, criminals can gain access to bank card information.
Combined, this data can allow fraudsters to swipe a loan on a gullible trader or carry out other illegal activities.
Since registration on the spryltd.com website requires the submission of confidential information, our specialists were unable to access the Spry-LTD personal account and Forex trading applications.
Opinions about Spry-LTD
The most important step in exposing Spry-LTD is to study feedback from users.
A thorough study of the search results on the Internet yielded the following data:
- Most of the references to Spry-LTD on the Internet are fake. These are template positive reviews of a customized type;
- All true reviews of Spry-LTD are bad. We have not been able to find truthful references and comments from former users of spryltd.com, which mention decent earnings, effective activities.
- Negative reviews and mentions are caused by fraudulent activities, theft of finances, artificial creation of debt.
Therefore, reviews of Spry-LTD say that this broker is a scammer.
Spry-LTD Contact Information and White Papers
After analyzing the mentions on spryltd.com, our experts found many dubious digital documents that can be easily created using a photo editor. They are not confirmed by official firms, which means they cannot be trusted.
If a broker is not associated with regulatory companies, then its clients simply have nowhere to turn for help.
On the "Contacts" page, we 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 the Forex financial market online broker? Make sure you can take money from him.
Having studied the client agreement on the Spry-LTD website, we did not find clear information about the ways to withdraw the money earned. Also, our employees identified a description of punishments for a long period of inactivity of a personal account, but did not find information about the size. Since the bandits do not operate in the legal field, it is impossible to challenge these extortions.
Therefore, if the user has completed work with Spry-LTD, they can start disturbing calls and send messages demanding payment of a fine.
How does Spry-LTD operate?
Suspicious and user search method, which uses Spry-LTD.
For promotion, false social media accounts are used, in which non-existent people spread information about how they instantly managed to get rich by trading in the Forex financial market through Spry-LTD. Bots demonstrate expensive cars and real estate, vacations in resorts, and other indicators of a prosperous life.
Fakes promise quick earnings, for which you do not need to study or make efforts.
If a trader gets in touch with scammers, Spry-LTD employees confirm the possibility of a quick income, and besides, about some unique features of their services that will allow you to earn serious money quickly.
After that, various tricks are used that make it possible to get as much money from the trader as possible. For example, a fake profit can be created for a client in order to motivate them to give even more investment.
If the work on the Forex market becomes negative, the company representative will recommend transferring more to compensate for the debt.
Spry-LTD managers work according to scripts developed by professional psychologists. Fraudsters study information about the client in order to put pressure on weak points, to get more deposits.
One way or another, it all boils down to one of two options:
- When you decide to withdraw your investment before you find yourself in loans, you will be fined, your account will be frozen, and everything will be done to force you to transfer more;
- If you allow scammers to drive the balance into a minus, threats will go, bandits will start extorting to return a fake loan.
An additional method to earn money for Spry-LTD can be the transfer of your personal information to third parties. Most likely, after that, complete information about you can be bought for a moderate amount on an anonymous community on the shadow Internet.
Most likely, because of this, various scammers, sellers, etc. will spam you more often. You should also wait for letters from spryltd.com associates who will start offering to "receive" lost deposits, of course for a fee.
Since Spry-LTD does not operate legally and remains anonymous, spryltd.com cannot be legally compelled to respond in the UK. The organizers of the shadow organization diligently hide and in the best case, the police will be able to catch one of the "managers".
Can Spry-LTD be trusted?
If you are going to transfer finances to scammers, then it is better to spend them on a good deed.
Let's briefly list the evidence that Spry-LTD is a scam:
- Lack of official registration;
- No demo period;
- Lack of information about the owners of the company;
- Phone seen in shady schemes;
- Negative score;
- Credit ratio greater than 1 to fifty;
- Negative reviews;
- False information on the site.
Our Spry-LTD review is over. Obviously Spry-LTD are scammers.