Regarding the legitimacy of SPAFS forex broker, it provides CYSEC, and .
Is SPAFS safe?
Rating Index
Business
License
CYSEC Revoked 
Is SPAFS markets regulated?
The regulatory license is the strongest proof.
CYSEC Appointed Representative(AR)
Cyprus Securities and Exchange Commission
Cyprus Securities and Exchange Commission
Current Status:
RevokedLicense Type:
Appointed Representative(AR)
Licensed Entity:
SPA Financial Services Ltd
Effective Date:
2011-05-18Email Address of Licensed Institution:
info@spafs.com53748:
No SharingWebsite of Licensed Institution:
www.spafs.comExpiration Time:
--Address of Licensed Institution:
30 Karpenisiou, The Business ForuM. P.O. Box 20533, CY-1660 Nicosia， The Business Forum, 30 Karpenisi Str., Nicosia, 1077, Cyprus， 197 Alexandras Avenue, Athens 11522, GreecePhone Number of Licensed Institution:
+357 22 028 585Licensed Institution Certified Documents:
SPAFS Legitimacy of similar brokers
SPAFS latest industry rating score is 1.56, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.56 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.