Forex, Crypto and Stock Trading Platform
Is Sprimmarket Fake or Real?
Why is Sprimmarket Fake?
Sprimmarket is a website that claims to help investors generate profits through trading of crypto, stocks and forex. What points to Sprimmarket being a scam is that it claims to be a “fully automated trading robot” which in reality means that there is no trading happening at all. Sprimmarket also has a referral commission system and this hints that the platform is likely to be a Pyramid/Ponzi scheme if not outright fraud.
The plans jump from $200 for the “starter plan” to $5,000 for the “premium plan” which is absolute nonsense. This is probably done that the scammers can gain investors’ trust by first giving a “profit” on $200 then stealing $5,000 when the victim reinvests.
A domain name lookup of the website shows that it was registered on 30th July 2021. The registrant’s details such as name, location and contact details have been hidden using a paid service. Therefore, it is a relatively new website that is being operated anonymously.
The overall website quality of Sprimmarket is pathetic and there are several signs that it was created by lazy amateurish scammers and not genuine professionals. For example, the fraudsters behind Sprimmarket couldn’t decide whether the company was created in 2013 or 2017.
Some sections of the website are still incomplete after nearly a year and important documentation such as the Terms & Conditions don’t exist. The address given on the website is fake and there is a list of non-existent awards too.
The About Us page of the website contains the following content:
SprimMarket is a fully automated trading robot that gives you full control of your investment, and allows you to withdraw your capital and profit at anytime, depending on the plan chosen!
SprimMarket was established in 2017 and has since expanded its base to other parts of the world. We have our main office at 1339 Parkway Street El Cajon, CA 92020, US.
We are here to help you trade. We are an independent company, coupled with our investment and financial work frame, alongside our active participation in other economically profiting sectors such as real estates, oil and gas, automobile, fashion and some others. We are sufficiently equipped to ensure we maximize our members investment to yield good profits at zero risk. We afford our members the opportunity to invest their funds in our company to earn profitable returns over various span of time. We possess a team of well trained and experienced experts working in various financial markets to give our investors good profits on their investment.
I found that there are at least 33 other websites using the same content, all of which are likely to be scams. The list of websites is given at the end of the website.
Sprimmarket does not seem to have a social media presence. There are no social media pages listed on the website and I could not find any independently either. The contact information given on the website includes a fake California address and an email ID.
There is also a button on the site to contact Sprimmarket by WhatsApp. This number has the area code of Florida instead of California and is a virtual line that can be operated from anywhere in the world. This suggests that Sprimmarket is not an American company at all. Rather, the scammers are likely to be located in Africa or Asia.
I could not find any genuine reviews for Sprimmarket online. If you want to share your review of this site, you can do so in the comments below or on my social media pages. The only review that I could find was a 5-star review on ScamAdviser. The review is clearly fake as it has been written by a new account created for the purpose of writing this review.
It seems quite obvious that Sprimmarket and the 33 similar websites have a tremendous likelihood of all being scams. There are several signs suggesting that Sprimmarket is run by scammers and not genuine traders. There is no evidence of it being a legitimate organization. On the other hand, there are several lies on the website regarding the company’s age, address and achievements. The website quality is also extremely poor, hinting at the likelihood that it has been hastily made by scammers.
Sprimmarket is a relatively new website created in July 2021 that is being operated anonymously. However, the website has blatantly false information such as fake awards and the ridiculous claim that it is operating since 2013. All of the information on the website is copied as the same content can be found on at least 33 other websites, all of which may be scams.
There is absolutely no information about the company’s registration and licenses. The California address given is of a location that does not exist and the phone number is a virtual line that can be operated from anywhere on the globe.
Sprimmarket does not have any social media presence and no genuine reviews could be found for it either. I could only find one positive review which appears obviously fake. It is advisable to avoid investing with Sprimmarket and the 33 similar sites as there are no reasons to believe that they are genuine investment companies. As a general rule, never send crypto to strangers as it cannot be recovered.
Remember: If something seems too good to be true, it probably is.
To read about other Investment Scams, click here.
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If you have been a victim of an investment scam, you can take the following steps:
- File a complaint with the payment portal. However, investment scammers mostly use methods such as Bitcoin, Western Union, MoneyGram and other untraceable methods which make refunds impossible.
- File a formal police complaint with the Cybercrime department.
- Leave a negative review on review portals such as Scamadviser and TrustPilot.
- Report the website to Google using the Suspicious Site Reporter extension for Chrome
- Give a low rating to the website on Web of Trust. You can also install their extension for the same.
- If the company has a listing on Google My Business or Google Maps, file a complaint using the Business Redressal Complaint Form. Also, leave a negative review explaining what kind of experience you had.
- Report the scam site to web filtering companies.
List of websites using the same content as Sprimmarket
Disclaimer: The views expressed in this article are presented as an opinion based on available information. This review is intended for information only and should not be relied on when making financial or business decisions. There is no malicious intent or attempt to defame any individual/s or organization/s. If you are a website owner and would like to provide clarifications regarding your business and/or website, please get in touch using the Contact Form.