Company Information

Get to know Spare8

Spare8 is a fintech company focused on making investments in precious metals accessible and rewarding for retail investors. The platform enables users to buy, sell, and store 24K digital gold and silver in a secure and convenient manner through its mobile application. A key feature of its service is the ability for users to lease their digital gold holdings to earn a regular yield, aiming to provide returns beyond simple asset appreciation. Founded with the mission to simplify and automate savings, Spare8 targets users looking for an alternative and modern way to invest in traditional assets like gold.

Industry

Financial InvestmentPRIMARY
Financial Other Service

Contact

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Spare8

India

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.