Our investigation into Spotrade found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Spotrade?
Spotrade markets itself as an online trading and investment service. Its public site is presented at https://spotradepro.net/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.
Is Spotrade regulated?
We could find no evidence that Spotrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- No credible physical address or verifiable corporate record
- Opaque or anonymous corporate ownership
- No verifiable licence from a recognised financial regulator
- Offshore or shell-company registration used to avoid oversight
- Account dashboards that show “gains” with no real market exposure
Our analysis
On 14 January 2025, the British Columbia Securities Commission (BCSC) issued a warning that Spotrade was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2025/spotrade
Can you recover money lost to Spotrade?
If you have deposited with Spotrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Spotrade?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.