Score
Spring
China|2-5 years| https://www.springinforex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
springinforex.com
Server Location
Hong Kong
Website Domain Name
springinforex.com
Server IP
45.113.120.111
Company Summary
Since Springs official website (https://www.springinforex.com/) cannot be opened for now, we could only piece together the rough picture of this forex broker by gathering some relevant information from other websites.
General Information
Registered in Hong Kong, Spring (or “Spring Forex”) presents itself as a forex and CFD broker offering its clients access to a series of trading instruments through the advanced MT5 trading platform. With the Spring platform, there are two trading accounts are on offer: STP and ECN, and the minimum deposit to trade with this broker is $100.
Spring is operated by a company named Spring Inc. a company registered in Hong Kong. However, this company does not hold any regulatory license to show that it operates legally.
Account Types
Two trading accounts are on offer: STP Standard and ECN Expert. To open a standard account, an acceptable deposit of $100 is all you need, and this types account is suitable for all types of traders. To open an ECN account, the requirement become much higher, asking for $5,000.
Leverage
Problematically, Spring allows its clients to use the maximum trading leverage up to 1:400, which is much higher than most regulatory authorities restriction on leverage, with the maximum leverage for major pairs up to 1:30 in Europe and Australia, 1:50 in Canada and U. S.
Since leverage can magnify gains well as losses, it is wise for beginners to choose a smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
When it comes to trading platform available, Spring forex offers its clients the industry-leading MT5 trading platform, featuring powerful charting package, user-friendly interface, as well as EA supported for traders to automate trading during all sessions.
Customer Support
Worryingly, traders with inquiries or trading-related issues can only get in touch with Spring through the following emails:
CS@SPRING-MARKETS.COM
CS@SPRINGINFOREX.COM
Other more direct contact channels, like telephone, Whatsapp, are not available.
Negative Reviews
Many traders complaint that they were defrauded by Spring for being unable to withdraw their deposited money, which means this Spring is a platform full of negative reviews, please be aware of the risk. Come to WikiFX to see the whole story.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 20
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gustavo_fring
Malaysia
I was introduced to a Fund Manager who specialized in Gold trading. I was convinced by his falsified track record, and i decided to invest with him. For a few weeks, he actually made quite a nice chunk of profits. When i decided to withdraw some of profits, he insisted on not doing so and encouraged me not to withdraw. The week after, i needed to use money and wanted to withdraw just a portion of it. But the Fund Manager was nowhere to be found, didn't reply my text and didn even answer my calls. I can't even log in my account now, it has been blocked by the broker! you can refer to the pics attached below. Those are proof of transaction history and trading records.
Exposure
2021-09-15
Tarry Zhu
United States
Unable to login, May abscond. I still can’t withdraw funds after paying a tax of 80,000
Exposure
2021-06-03
一点水
Hong Kong
The fraud claiming himself Bingcheng Liu cheated me of $20,000. He said he helped me to trade and he took 20%. He said I could get my principal in a month. But in the end, I lost and my account was closed.
Exposure
2021-04-17
一帆风顺18236
Italy
They cheated 4,000 euro. Now the manager blacklisted me. Be watchful guys, do not be cheated.
Exposure
2021-04-14
FX4864831020
United Arab Emirates
I was introduced by a friend Lina. She asked me to depsoit 2000$ and the rest she will do, after the deposit she was forcing me to deposit more as i put all my saving so having nothing i cannot, then they told me that my money will be refunded after 3 month after some days the group manager miss huang jiaqi threatned me to recharge or they will wash my account, as now after three month i tried to reach them and they blocked me they dont reply on email and phone, this broker scammed me
Exposure
2021-03-11
Tarry Zhu
United States
22.7% has been required as tax. I paid 30,000 yuan but there is no news.
Exposure
2021-03-05
Leon7567
United States
I have to withdraw funds for some urgent reason. The customer manager used to be enthusiastic, but after he heard it, he didn’t reply to me anymore, neither did my friend who recommended this platform to me. It takes over a week to withdraw funds.
Exposure
2021-02-05
一帆风顺18236
Italy
I was introduced by a friend to deposit, and when I withdrew, I had to pay 20% of the tax. After I paid it, I still couldn’t withdraw. I said that I didn’t have enough hands. When you had enough, I still couldn’t withdraw. I also said that I would pay the insurance levy. Anyway, I can’t withdraw money. I think it’s a fraud platform. Don’t be deceived. There are more than 17,000 in me who cannot withdraw money. My account number is 11906105. I hope that the relevant departments can help me.
Exposure
2021-01-24
Tarry Zhu
United States
A tax of 22.7 percent is required to withdraw money. I paid 30,000
Exposure
2021-01-22
一帆风顺18236
Italy
I was cheated of 4,000 euros and asked me to pay 20% tax to withdraw money. I paid it, and then another deposit was required, but I couldn’t withdraw it. The regulator is forged by myself. There is still a lot of money in my account. I have never withdrawn any money. Don't be deceived. Even the complaint mailbox is fake. Hope the relevant departments will solve it as soon as possible
Exposure
2021-01-08
一帆风顺18236
Italy
I was cheated of €4,000. The data here are all fake cuz I compared them with the data in FOREX. Spring will let you profit deliberately and ask for 20% tax. Even if you pay teh tax, you have to pay margin. After all this money is paid, you still can’t withdraw funds.
Exposure
2021-01-06
一帆风顺18236
Italy
Spring must be a fraud platform. My friend recommended this platform to me. I first deposited €1，000 and then added €500. Then Iprofited $15,000. Later, I wanna withdraw funds and I was told that I should pay tax of €2,500. But now $3,000 margin is required. I realized my friend colluded with the platform cheating me. That friend was known on a dating website. The following pictures are her. Is there anyone who can help recover the money
Exposure
2021-01-05
Santhosh Shetty
United Arab Emirates
Spring and andiro both Hong Kong located platform full fruad company. Ones withdrawal they asking to first need to deposit 5000uad for The customer of the first transaction needs to pay a deposit, and the amount of the deposit is determined according to the account funds.once pay deposit 5000 they asking to pay tax 2500 .finally knows this is fraud company.they will not replay any more . Also no customer care .only chatting with whatsapp and line app. Totally I lost 17500 uad
Exposure
2021-01-05
FX3415641581
Hong Kong
Can’t withdraw funds since November 10. My applications for withdrawal were refused on grounds of risk control and so on
Exposure
2020-12-09
Tarry Zhu
United States
They can deduct the tax from my account balance, why should I have to add money again to pay the tax
Exposure
2020-12-04
junior-eiras
Brazil
My account was closed after I asked for the minimum withdrawal amount! The customer service didn't reply to me!
Exposure
2020-12-03
Johnny84492
Canada
No contacts
Exposure
2020-11-14
Johnny84492
Canada
There is still some money of mine in their company.
Exposure
2020-11-14
FX8697266782
Indonesia
Chinese man flirting with me and made story that he love with me. Asking to follow trading with him. at first he made profit for me and i tried to withdraw. the withdrawl was successful and the process only need 1-2 days. One day he made me broke and asking for more deposite. After deposite again, he tried to made me broke again with cheated platform at backstage, but I learn to trading myself and get profit now, but now i can't withdraw my money, they didn't reply my message.
Exposure
2020-11-11
FX4052651210
Hong Kong
Spring is a fraud platform. Pyramid selling scam. It has cheated for several years.
Exposure
2020-10-11