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The WikiFX Score of this broker is reduced because of too many complaints!

Spring

China|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Chinese market only|High potential risk|

https://www.springinforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
SpringInformation-Live MT5
Server Location Hong Kong

Contact

CS@SPRING-MARKETS.COM
https://www.springinforex.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Spring Inc.

Company Abbreviation

Spring

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 2
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    Spring · 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.

    basic-info

    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.

    account-types

    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.

    negative-reviews

    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.

    User Reviews

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    Comments

    Write a review

    FX1141094681
    more than one year
    Spring is really a bad broker. Believe me, if you trade with it and invest big money, you will not have spring but the worst winter ever.
    2022-12-12 10:24
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