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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: [email protected], +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.

Company Contacts

The broker’s contact options are standard. Spova provides:

Email.

Online chat.

Phone number.

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.

Police have arrested another individual with the title 'Tan Sri' suspected of involvement in the MBI International Group Ponzi scheme investment fraud, marking the latest development in the ongoing investigation.

Acting Director of Bukit Aman's Commercial Crime Investigation Department Datuk Muhammed Hasbullah Ali confirmed the 53-year-old Penang property company chairman was detained on Thursday and remanded for five days to assist investigations.

"The suspect's office, residence, and relevant documents have been searched for evidence," he told Bernama, adding that further arrests haven't been ruled out as investigations continue, with a press conference to be held soon to provide updates.

The suspect is believed to have acted as a proxy or partner in laundering illicit funds for the syndicate. This follows the April 18-21 ‘Op Northern Star’ that saw five individuals, including another 'Tan Sri' and 'Datuk Seri', arrested across the Klang Valley and northern Malaysia.

Authorities have also seized RM223.62 million worth of durian orchards (344ha in Raub, Pahang; 5.26ha in Jawi, Penang; and 13.76ha in Tasek, Kedah), frozen 299 bank accounts (RM123.61 million), and confiscated 12 luxury vehicles, a high-end watch, five mobile phones, and crucial documents.

The Pune police have arrested a businessman from Mumbai on Saturday for allegedly impersonating an additional chief secretary to Maharashtra Chief Minister and cheating the management of a five-star hotel here of Rs 95,000 by not paying the bills.

The Pune police arrested a businessman from Mumbai on Saturday for allegedly impersonating an additional chief secretary to Maharashtra Chief Minister and cheating the management of a five-star hotel of Rs 95,000 by not paying the bills. The businessman has been identified as 39-year-old Aditya Ashok Jogani, a resident of Napean Sea road in Mumbai. The police are yet to arrest arrested five of his friends.

All the accused have been booked under Indian Penal Code (IPC) 420 (cheating ),170 (impersonating as a public servant) and section 34, at the Koregaon Park police station. Jogani was sent to police custody till October 10 by the Pune court. The commercial director of the hotel lodged the FIR.

The incident took place in January this year when Jogani called up the hotel reception and introduced himself as Praveen Pardeshi, an additional chief secretary to the chief minister. He asked the hotel authorities to arrange a stay of six people. He also told the hotel reception not to bill the guest as it would be taken care off. Cosmos Bank Cyber Attack Case: Pune Police Arrests Two More Accused, Recovers Rs 3.55 Lakh

The hotel authorities after not getting a response from Jogani for a long time called up Pardeshi, an IAS officer. After the IAS officer denied that he had called the hotel to make arrangements for the stay of six people, the hotel authorities realised that they were cheated and then contacted the police.

In April 2012, when Ratna took over from Scott Martin, Luke Preece’s disgraced crony, the Indonesianization of school management was complete at TBI group schools. (Group schools are those which are those directly under the control of USG, also known as UniSadhuGuna.) For the first time ever, there was not one expat manager at a group-owned TBI school. This was a complete and drastic reversal from the situation of a just a short time before. As late as early 2010, all of their group-owned schools had expat managers. Why had things changed so much?

INDONESIANIZING TBI

Unlike their competitors, who still employ some expat school managers, TBI (The British Instiute) has undertaken to aggressively remove non-Indonesian managers, and there is now only 1 from 17 surviving at the school manager level- the best friend of Luke Preece, the corrupt Aussie who is the right hand man of the TBI Director. As late as early 2010, all of TBI’s five group schools- those listed in the table above- had expat managers. Now not one of them does. The dates in the second column show the point at which they switched from expat to Indonesian school managers.

In a period of two years between April 2010 and April 2012, every single expat school manager was removed from their positions. These five schools, with an approximate total enrollment of 3600 students, had over half of the TBI student enrollments during this period. In early 2010 they were 100% managed by an expat school managers, and now they are managed by locals in 16 out of 17 cases. This was a sudden and dramatic change, but bizarrely, at no point has it ever been explained, justified or even mentioned by Head Office to TBI teachers. TBI has even seemed reluctant to admit that the transfer of power had occurred. We received comments at some points denying that any such policy of ‘Indonesianizing’ school management existed, while it is plain as daylight. (See the above table).

Incredible as it may seem to TBI competitors, this shift was never formally acknowledged by TBI. Instead, they have vilified and attacked the sitting school managers and blamed it all on them. This ruthless campaign of vilification has claimed high-achieving school managers at times. The former school manager of TBI Kuningan, C******, had boosted enrolments to a record high of 675 paid students just at the moment he was removed. This was a 35% increase on a year before. Similarly (more on this tomorrow) the same campaign claimed the head of an Australian RD, who was TBI’s most successful franchise school manager, with six hundred students enrolled at TBI Bogor. Rather than admitting this change of policy, Luke Preece, Ashley Platts and Mariam Kartikatresni at Head Office have conspired to vilify and defame their own managers and claim that they all deserved to be sacked or ‘removed’.

DENYING THE BLEEDING OBVIOUS

To the authors of this blog, it is symptomatic of the arrogance and deceit of Luke, Ashley and Mariam that rather than admit TBI’s new policy and risk offending TBI expat teachers, they have chosen to conduct a cowardly smear campaign against people who had achieved great things in their schools and somehow infer that these ‘forced out’ school managers deserved it. Luke Preece, in particular, went around inventing all sorts of horrible things that former managers were supposed to have done, such as “refusing to have teacher Mark B. return to Jakarta“. Once we contacted Mark B. himself he confirmed that he himself had requested to move to Bandung and Luke’s story that this manager had blocked it was a total fabrication. Such lies had then been used to tar the name of Luke Preece’s rivals, and assurances were made that TBI was better off without expat managers.

But we ask people to look at the table above and think of this simple, undeniable fact. 100% expat management in April 2010, and 100% Indonesian management by April 2012 at the five biggest TBI schools. We ask any objective person to evaluate whether this shows like ‘a coincdence’ or ‘an orchestrated policy change’. The answer is obvious. This raises the question: who got rid of all the expat managers? The answer is hardly surprising: their bosses.