User Reviews
More
User comment
2
CommentsWrite a review
Score
Mauritius
Suspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
Add brokers
Comparison
Expose
Exposure
Score
Regulatory Index0.00
Business Index5.99
Risk Management Index0.00
Software Index7.40
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
More
Company Name
Spider Capital Investment Limited
Company Abbreviation
Spider Capital Investment Limited
Platform registered country and region
Mauritius
Company website
+230 2144395
Company summary
Pyramid scheme complaint
Expose
Spider Forex Review Summary | |
Founded | 2020 |
Registered Country/Region | Mauritius |
Regulation | No regulation |
Market Instruments | Forex, CFDs, commodities, indices, cryptos, and metals |
Demo Account | ✅ |
Leverage | Up to 1:500 |
Spread | From 2.5 pips (Mini account) |
Trading Platform | MT5 |
Minimum Deposit | $10 |
Customer Support | 24/7 support, live chat, Whats App |
Tel: +230 2144395 | |
Email: support@spiderforex.com | |
Address: 6th floor Ken Lee Building 20, Edith Cavell Street Port Louis, Mauritius 11304 | |
Social Media: Facebook, X, Instagram, LinkedIn |
Spider Forex is an unregulated broker, offering trading on forex, commodities, stocks, indices with leverage up to 1:500 and spread from 0.3 pips on the MT5 trading platform. The minimum deposit requirement is only $10.
Pros | Cons |
MT5 platform | No regulation |
Demo accounts | |
Various trading products | |
Low minimum deposit | |
Live chat support | |
Five account types offered | |
Zero commission fees |
No. Spider Forex currently has no valid regulations. Please be aware of the risk!
Spider Forex offers trading on forex, CFDs, commodities, indices, cryptos, and metals.
Tradable Instruments | Supported |
Forex | ✔ |
CFDs | ✔ |
Commodities | ✔ |
Indices | ✔ |
Cryptos | ✔ |
Metals | ✔ |
Stocks | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Here are five live account types Spider Forex offers. Besides, the broker offers Demo Account.
Account Type | Minimum Deposit | Suitable for |
Mini | $100 | Advanced features for Pro traders |
Micro | $10 | For beginners with standard conditions |
Classic | $500 | Tight spreads and direct market access |
Premium | $100 | Lowest spreads for high-volume traders |
ECN | $10 | Bank spreads for high-volume traders |
Spider Forex offers maximum leverage at 1:500 for all account types. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Account Type | Spreads from | Commission |
Mini | 2.5 pips | ✖ |
Micro | 2.8 pips | ✖ |
Classic | 2.0 pips | ✖ |
Premium | 1.5 pips | ✖ |
ECN | 0.3 pips | ✔ |
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | Desktop, mobile, web | Experienced traders |
MT4 | ✖ | / | Beginners |
Spider Forex accepts payments via credit, Master Card, Maestro, etc. More detailed info on deposit and withdrawal like fees and processing time are not disclosed.
More
User comment
2
CommentsWrite a review