Spreadex AI, operating through dashboard.lse-webtrader.ai and spreadex.ai, is an online trading platform that has raised significant concerns regarding its legitimacy, regulatory status, and widespread withdrawal problems. The platform appears to be part of a complex network of fraudulent operations misusing the «Spreadex» brand name.
Official Regulatory Warnings
The most critical information for potential investors is that multiple financial authorities have issued warnings about platforms using the Spreadex name. The Hong Kong Securities and Futures Commission (SFC) has added «Spreadex» to its alert list of unlicensed entities, noting that the website falsely claims to be licensed by the SFC . The UK Financial Conduct Authority (FCA) has also issued a warning about a clone operation using the names «Spreadex» and «spreadexd.com,» confirming it is an unregistered entity offering financial products without authorization .
The legitimate Spreadex Limited is an FCA-regulated firm (License: 190941) established in 1999, operating from spreadex.com . However, the Spreadex AI platform using dashboard.lse-webtrader.ai and spreadex.ai has no connection to this authorized firm and appears to be an unauthorized entity capitalizing on the brand’s reputation.
Criminal Activity and Fraud Investigations
Law enforcement investigations have revealed that platforms using the Spreadex name are being used to perpetrate large-scale investment fraud. The Delhi Police Crime Branch arrested individuals operating a cyber fraud syndicate that used fake trading platforms, including «Spreadex Global Ltd,» to defraud investors of approximately Rs 2.7 crore .
In one documented case, a 55-year-old businessman lost Rs 1.6 crore after being lured through social media by a woman who convinced him to invest in Spreadex Global Ltd . In another case, a victim was convinced to invest through a platform called Spreadex Global Ltd, transferred Rs 24,49,304, and was then asked for an additional Rs 7.5 lakhs as a «processing fee» to withdraw funds, at which point the scammers ceased communication .
Police investigations revealed that cybercriminals used «mule bank accounts» opened under shell companies to funnel stolen money from these fake UK-based trading platforms .
Withdrawal Problems and Complaints
Users have reported experiencing significant difficulties when attempting to withdraw funds from Spreadex-related platforms:
A user on Trustpilot reported that after depositing approximately $190,000, the platform demanded additional payments of $39,601 under what appears to have been extortion, leaving the user unable to access funds and foregoing medical treatments . Other users reported that small withdrawals were initially allowed, but larger withdrawal requests were denied, accounts were blocked, and customer support became unresponsive .
Complaints describe a consistent pattern: initial deposits are accepted, small withdrawals may be processed to build trust, but when investors attempt to withdraw larger amounts, they face «verification» demands, «tax» payments, or account blocks with no communication from support .
Key Warning Signs
Spreadex AI exhibits several characteristics associated with fraudulent operations:
- Official regulatory warnings: Added to SFC alert list and flagged by FCA as unauthorized entity
- Criminal investigations: Platforms using Spreadex name linked to cyber fraud syndicates
- Withdrawal obstacles: Pattern of users unable to access funds after depositing
- Mule accounts: Police found stolen money funneled through shell company bank accounts
- Social media recruitment: Scammers use WhatsApp and Telegram groups to lure victims
- Clone operation: Using legitimate company’s name and reputation to appear trustworthy
Final Verdict
Spreadex AI, dashboard.lse-webtrader.ai, and spreadex.ai raise extremely serious concerns due to official regulatory warnings from the FCA and SFC, confirmed law enforcement investigations linking platforms using the Spreadex name to large-scale fraud operations, and a documented pattern of withdrawal difficulties. These platforms appear to be unauthorized clones that have no connection to the legitimate FCA-regulated Spreadex Limited.
Investors should independently verify all regulatory claims before sending funds and exercise extreme caution. A professionally designed website does not guarantee regulation, investor protection, or operational legitimacy.
If you already deposited funds:
- Stop sending additional money immediately
- Do not pay «verification,» «AML,» or «tax» fees
- Save all transaction records, screenshots, and communications
- Document every withdrawal request and response
- Keep wallet addresses and transaction IDs if cryptocurrency was involved
- Consider reporting the issue to relevant financial regulatory authorities
You can also submit your complaint here and get to know how to get money back: https://ob-man.com/en/quizle/66965abf8c5dc-3/
