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Sanction
CY CYSEC
2022-06-21
CySEC Decision 
SPAFS
No Regulation
Score
1.55 /10
Danger
SPAFS
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Cyprus Appointed Representative(AR) Revoked
High potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.31
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- CyprusCYSEC (license number: 141/11) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
| 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 | ✔ |
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