Sparklo Review – Investment Firm Lacking Credibility

The first thing you notice about the company is that they don’t reveal any information about the owner. On top of that, very briefly and hidden, you can find details about the governing law, which means their real location.

Considering offshore registration, we can already assume some patterns. But not to jump to conclusions, read this Sparklo review carefully.

Legal Info: Is Sparklo Legit Or A Scam?

In T&Cs we can see that the governing law is the British Virgin Islands. With offshore registration, we can’t expect much, especially not reliable regulations. In fact, Sparklo investment firm doesn’t have any.

Generally, we are checking mainly Tier 1 regulatory databases. Primarily due to the maximum security that those institutions, such as FCA, BaFin and ASIC, offer. However, the search of sparklo.finance didn’t bring any results in their registers.

Who Are Sparklo’s Clients?

As can be seen, Sparklo operates mainly in strictly regulated countries. This is strange considering that they don’t have any regulations. Some of the targeted countries are: 

• United States
• Italy
• United Kingdom
• India
• Australia

Have in mind that any company controlling third-party funds must have a license. In case you got involved with this broker make a withdrawal as soon as possible. But if you experience any issues, feel free to reach out to our experts for advice.

Investment Costs With Sparklo

Currently, the company only offers a presale of its token. Sparklo crypto price prediction is not available anywhere. Even though they are trying to copy the Bitcoin principle with their 21M coin supply. Even though they claim to offer lower costs on higher deposits, detailed percentages are not revealed.

Bonuses

So far, the company doesn’t have any bonus offers or promotions. But in the future, it’s not excluded they will invent something new. Just be aware of bonus withdrawal policies. Because those can easily prevent you from withdrawing your money.

Sparklo Trading Features

Practically, Sparklo company is trying to revolutionalize commodities trading. Through various tokens, they present you with various investment options. However, the company doesn’t have any credibility to be in that position. One of the signs of that is Sparklo Twitter account with only 1k followers.  

Is Sparklo Legit?

With their poorly designed website and lack of transparency, of course, they are not legit. On top of that, they are mysterious about investment conditions and overall features. Not to mention shady contact options like Telegram. If you still think that offshore companies are legit, check our FxOnUs review.

Available Trading Assets

Usually, legit companies offer transparent access to tradeable assets. In this case, the company promotes its Sparklo token. Thus, other investment options are gold, silver and platinum. Besides, nothing more is revealed by the company. Yet, if you check Sparklo Reddit comments you will already see raised concerns about the company.

Account Types

Another shady fact is the Sparklo account type offers. Of course, with a higher deposit, you get better investment conditions. But also some fake VIP services like first access to new releases, exclusive access to NFTs and VIP account manager. Anyway, there are 3 options: 

• Silver – $10.000
• Gold – $35.000
• Platinum – $70.000

Mobile Trading App

In general, legit investment firms offer iOS and Android apps to track your portfolio. However, with Sparklo there’s no such feature. To understand the importance of a dedicated app, check our Interactive Trading review.

Demo Account

Since the company does the hard work for you, they thought that the demo account is pointless. Thus, it would be a great option to check what technology they use. But also to check the reliability of the software. But Sparklo remains mysterious on the topic.

Education

Important to realize is that the company doesn’t offer any educational program. Many traders don’t understand cryptos completely. Especially not new features like NFTs and commodity tokens. Thus, this company thinks that’s irrelevant.

Sparklo Withdrawal

Another warning sign is that the company doesn’t have a transparent withdrawal policy. Not even the funding methods. Therefore, whatever issue crosses your mind, you can expect it with this company. Don’t fall for those fairy tales and cheap Sparklo coin price. Because you’ll end up throwing your hard-earned money into their pockets.

Customer Support

To make everything even worse, the company doesn’t have any transparent contact details. The only option to reach out to them is through Telegram. This platform is encrypted and they don’t leave traces there.

But they will pitch you on the story that e-mails are not reliable. Have in mind that legitimate firms have transparent addresses, phone lines and multiple contact features.

Key Information To Consider About Sparklo?

Sparklo crypto investment firm is primarily not regulated. On top of that, their contact options are quite mysterious and cheesy. With offshore registration, they are practically anonymous company. So, none of the funds deposited there are not safe.

Considering all these issues, you can expect withdrawal problems in the first place. In case you do so, don’t worry. There are different solutions to that. Even if you were transferring crypto, you can trace it with CipherTrace software. Thus, access to the software is the problem. Luckily, our expert team can assist you with that. Get in touch today to find out more details.

FAQ Section