Not Regulated

Score

0 1 2 3 4 5 6 7 8 9

/10

SPAFS

Cyprus | 5-10 years |

Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://www.spafs.com/

Website

Time Machine

Rating Index

Influence

Influence Index NO.1

India 2.61

Surpassed 15.90% brokers

Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+357 22028585

http://www.spafs.com/

1‌97 A‌lexandras A‌venue, Athens 1‌1522, Greece

Forex License

No forex trading license found. Please be aware of the risks.

Company Profile 4

5-10 years

Questionable Regulatory License

Suspicious Operational Region

High Potential Risk

Warning: Low score, please stay away!

2026-04-17

This broker lacks valid forex regulation. Please be aware of the risk!

Basic Information

Registered Region

Cyprus

Operating Period

5-10 years

Company Name

SPA Financial Services Ltd

Abbreviation

SPAFS

Employees

info@spafs.com

Contact Number

+35722028585

Company Website

http://www.spafs.com/

Address

1‌97 A‌lexandras A‌venue, Athens 1‌1522, Greece

Visiting broker SPA in Cyprus, office exists

Business Region

Verified Site

Relationship Map

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Employees

About Us

Disclosure

Wiki Q&A

Comment

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Details

Official Website

Verified Site

spafs.com
143.95.238.68
Server Location
United States
ICP Registration No.
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SPAFS

Related Companies

SPA FINANCIAL SERVICES LIMITED(Cyprus)

Active

Cyprus

Registration No.HE270133

Est. Date2018-05-30

SourceOfficial Statement

Employees

ΓΙΑΓΚΟΣ ΚΛΕΟΠΑΣ

Director

Appointment Date

Status

Current Employee

SPA FINANCIAL SERVICES LIMITED(Cyprus)

ΓΕΩΡΓΙΟΣ ΛΥΣΙΩΤΗΣ

Director

Appointment Date

Status

Current Employee

SPA FINANCIAL SERVICES LIMITED(Cyprus)

ΜΙΧΑΛΗΣ ΠΑΠΑΠΕΤΡΟΥ

Director

Appointment Date

Status

Current Employee

SPA FINANCIAL SERVICES LIMITED(Cyprus)

Company Profile

Review summary

SPAFSReview Summary
Founded	2011
Registered Country/Region	Cyprus
Regulation	CySEC (Revoked)
Services	AIF Setup and Management, investment advisory, asset management, reception and transmission, custodian services
Customer Support	Contact form
	Tel: (+357) 22 028585 / +30 210 6425700
	Fax: (+357) 22 028586 / +30 210 6425715
	Email: info@spafs.com

SPAFS Information

SPAFS, established in 2011 in Cyprus, offers a comprehensive suite of financial services including investment advisory, asset management, brokerage services, and custodian services. The company adopts a structured approach to investment, focusing on customized portfolio design and performance monitoring. Despite its array of services, SPAFS's operations have been overshadowed by the revocation of its CYSEC regulatory license.

Pros and Cons

Pros	Cons
Various financial services	Revoked ASIC license
Long experience in the industry
Customized investment strategies

Is SPAFS Legit?

No. SPAFS currently has no valid regulations. The CySEC license is revoked.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License Number
	Cyprus Securities and Exchange Commission (CySEC)	Revoked	SPA Financial Services Ltd	Appointed Representative (AR)	141/11

Services

Services	Supported
AIF Setup and Management	✔
Investment advisory	✔
Asset management	✔
Reception and transmission	✔
Custodian services	✔

Company Profile

5-10 years
Questionable Regulatory License
Suspicious Operational Region
High Potential Risk

Disclosure

Sanction

CySEC Decision

Country / Region

CY CYSEC

Disclosure Date

2022-06-21

Broker Disclosures

SPAFS

Wiki Q&A

Is SPAFS safe and reliable?

According to WikiFX data, SPAFS holds a comprehensive safety score of 1.59 out of 10. This low score reflects a significant lack of regulatory oversight and a business scope assessed as suspicious. The broker operates without holding any valid retail forex trading licenses from recognized authorities. These factors point towards a high-risk operational profile, indicating that this broker is not considered safe or reliable for investors.

04-08

United States

Is SPAFS regulated?

No, SPAFS is currently not regulated. According to WikiFX data, it is categorized under 'No Regulation.' Historical records show that a Forex Transmission License (RTO) was once issued by the Cyprus Securities and Exchange Commission (CySEC) under number 141/11, but this license has been revoked. The broker currently lacks oversight from any major financial authority.

04-08

United States

What is the minimum deposit of SPAFS?

Specific information regarding the minimum deposit required by SPAFS is not publicly disclosed in the currently available data. Brokers typically establish minimum deposit requirements based on account type, and this information is usually found in their account specifications or terms of service.

04-08

United States

Does SPAFS support MT4 or MT5?

Detailed information on the trading platforms supported by SPAFS is not currently available. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are industry-standard platforms, and their availability is a key factor traders should verify directly with the broker.

04-08

United States

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