Offshore brokers are among the riskiest places for Forex trading — anything can happen there, from account blocking to outright withdrawal denial. In today’s Spova review, we will examine exactly such a platform. It is based in Anjouan, promises the best trading conditions, but faces serious security concerns. A company like this can easily turn out to be a scam.
Brief Overview
- 🖥Official Website: spova.com
- ✈️Contact Address: Hamchako, Mutsamudu, Autonomous Island of Anjouan, Union of Comoros
- 📞Customer Support: support@spova.com, +441224076565
- 🔐Licensing and Accreditation: AOFA
- ⏳Track Record: 2025
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: free support, education, signals, risk management tools
Spova.com Examination
At first glance, the website looks stylish — a dark background, large headlines like “BUILT FOR TRADERS WHO AIM HIGHER”, modern charts, and an image of a laptop displaying a trading screen. All of this creates the impression of a modern, high-end brokerage. However, a closer look reveals that the design follows the same template used by countless other broker websites: oversized banner phrases, generic icons, and almost no unique visual features.
Images of laptops and smartphones with trading charts are typical of offshore and high-risk brokers. Moreover, all these visuals are taken from the internet. This immediately raises doubts — Spova appears to have been built as a generic, mass-produced project rather than a unique, serious business.
The top menu includes the following sections: Home, Markets, Accounts, Platform, Trading Tools, Legal, and Company. It’s a standard set that gives the illusion of completeness, but the content of each section is superficial. At the bottom, in the footer, the website lists contact details, social media links, a legal entity (Metaloft Technologies Ltd), the jurisdiction (Comoros, Anjouan Island), a license number (L15955/MT), and a margin trading risk warning.
However, here’s what the company fails to disclose:
- Operational history. Spova does not clearly state “founded in …” or provide any timeline.
- Business model. It’s unclear what type of order execution they use — STP, ECN, or B-book. There is no information about liquidity providers.
- Founders and key personnel. The site does not list any verifiable names of owners or executives with real professional backgrounds.
Most of Spova’s website content revolves around marketing slogans such as “Empowering traders with speed, security and reliability”, “Built for traders who aim higher”, and “Your gateway to global markets anytime, anywhere”. These lines sound appealing but offer no substance — no real spread data, no verified withdrawal timelines, no transparency reports, and no proven trading cases.
Company Contacts
The broker’s contact options are standard. Spova provides:
- Email.
- Online chat.
- Phone number.
In the footer, there are social media logos, but they are merely links to Instagram, Twitter, and others. None of these leads to active company accounts with a significant following.
Key Conditions
At first glance, Spova’s trading conditions seem attractive. The company offers to start trading with a minimum deposit of $250, which is presented as “a convenient start for everyone”. In practice, however, this amount is a classic hallmark of questionable brokers. Almost every scam broker with a dubious reputation uses a $250 threshold to lure beginners.
The company also offers five account types: Classic, Silver, Gold, Platinum, and VIP. It all looks sleek and professional, but this is the standard scheme used by nearly all scam brokers. Each successive account supposedly offers better order execution and tighter spreads. In reality, it’s nothing more than bait. Clients are led to believe that to “start earning seriously”, they need to invest more. At the same time, there is no information about how much money is required to open each account. Nor are there any real differences in execution models or technology between them.
As for commissions and fees — everything is deliberately vague. The website states: “No hidden fees”, “Tight spreads from 0.9 pips”, and “Zero commission on deposits”. It sounds appealing, but there are no specifics. Withdrawal fees are not disclosed, swap conditions are not explained, and no details on additional charges per instrument are provided. It’s unclear how the broker actually earns — through spreads or commissions. By comparison, reputable brokers like Pepperstone, FxPro, or IC Markets list everything transparently — with tables showing exact figures for each pair and instrument.
Exposing Spova
From the outset, the company raises doubts. Legally, the broker belongs to Metaloft Technologies Ltd, registered in an offshore jurisdiction — the island of Anjouan (Union of Comoros). That’s where the so-called regulator, the Anjouan Offshore Finance Authority (AOFA), operates — the body under which Spova supposedly functions. Formally, the company does exist: the AOFA registry confirms that Metaloft Technologies Ltd was granted license L15955/MT in 2025. This is not a forgery — the company is genuinely listed on the offshore register.
However, considering this to be a reliable regulation would be a serious mistake. AOFA is not a financial regulator in the traditional sense but rather a commercial organization that sells licenses for a fixed fee without any real verification. It does not require audits, does not oversee client fund segregation, does not regulate order execution, and does not intervene in disputes between brokers and traders. Unlike reputable regulators such as the FCA (UK), ASIC (Australia), CySEC (Cyprus), or NFA (USA), a Comoros license provides no oversight whatsoever. In essence, it only grants the right to display the phrase “regulated broker” on a website. For traders, this means one thing — if something goes wrong, getting your money back will be impossible.
Furthermore, the license itself was issued in 2025, meaning very recently. The domain spova.com was also purchased in the same year; prior to that, it had been listed for sale. Therefore, the broker is a new company with no history, no reputation, and no experience. It’s impossible to build a stable financial business in just a few months, especially in an industry where trust and proven track records are crucial. When a broker tries to appear as a “global leader” but has existed for less than a year, that is a major red flag.
What Reviews Do Users Leave?
It’s also worth noting that there are virtually no reviews about Spova. Search results show no discussions or client opinions, and the few mentions of similar names refer to entirely different companies. This can be explained by the project’s recent launch, but it also makes the situation far more dangerous — traders have no real user experiences to rely on. A new company, offshore registration, weak regulation, and zero feedback — together, these factors make the platform extremely risky and unworthy of financial trust.
Conclusions
Spova is yet another offshore broker that claims to be reliable but, in reality, is a dangerous place for trading. Platforms like this are best avoided to prevent becoming a victim of fraud.
Pros/Cons
- The legal entity is indeed registered with the AOFA.
- The company does not hold licenses from reputable financial commissions.
- It has been operating for a very short time.
- It is registered in an offshore jurisdiction and has no other branches.
- There are a few reviews on the internet. The broker is not popular among traders.
I almost opened an account here, but stopped just in time. I couldn’t find any real proof that Spova operates fairly or allows withdrawals. Considering its offshore origin, I believe it’s a scam. Their liquidity and charts are 100% fake, and that’s a serious problem.