SpiceProp Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 10:40

Abstract：Based in United Arab Emirates, SpiceProp is an unregulated forex broker that was established in 2017. SpiceProp provides various financial products to trade via the MT5 platform, including Forex, Indices, ETFs, Metals and Energies. Demo accounts are available and the minimum deposit requirement to open a live account is as low as €45.

SpicePropReview Summary
Founded	2017
Registered Country/Region	United Arab Emirates
Regulation	Unregulated
Market Instruments	Forex, Indices, ETFs, Metals and Energies
Demo Account	✅
Leverage	Up to 1:100
Spread	/
Trading Platform	MT5
Min Deposit	€45
Customer Support	Contact form
	Tel: +420 773 475 700 (9 am – 5 pm CET, from Mon. to Fri.)
	Email: support@spiceprop.com
	Address: SpiceProp s.r.o. 158 00, Czech Republic, Praha, Bucharova 2657/12, Stodůlky

　　Based in United Arab Emirates, SpiceProp is an unregulated forex broker that was established in 2017. SpiceProp provides various financial products to trade via the MT5 platform, including Forex, Indices, ETFs, Metals and Energies. Demo accounts are available and the minimum deposit requirement to open a live account is as low as €45.

Pros and Cons

Pros	Cons
Various trading options	Not regulated
Demo accounts	Unclear fee struture
MT5 supported	Slow withdrawal processing time
Low minimum deposit
Popular payment options
Multiple contact channels

Is SpiceProp Legit?

　　No, SpiceProp is not regulated by any reputable financial body. Please be aware of the risk!

What Can I Trade on SpiceProp?

　　SpiceProp provides a diverse range of trading instruments across various asset classes, including Forex, Indices, ETFs, Metals and Energies.

Tradable Instruments	Supported
Forex	✔
Metals	✔
Energies	✔
Indices	✔
ETFs	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌

Account Type

　　SpiceProp offers five accounts to choose from, including CLASSIC, GOLD, PLATINUM, ELITE and RAW accounts. SpiceProp not only provides live accounts but also sets up demo account for traders to practice trading with virtual credit.

Account Type	Min Deposit
Black pepper	€1499
Sweet pepper	€99
Chilli pepper	€129
Jalapeño	€70
Mini Jalapeño	€45

Leverage

Account Type	Max Leverage
Black pepper	1:100
Sweet pepper	1:100
Chilli pepper	1:100
Jalapeño	1:30
Mini Jalapeño	1:100

　　It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Windows, MAC, Android, iOS	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

　　SpiceProp accepts Credit card, GOPay, Bank transfer and Crypto as payment methods. Withdrawals are available 14 days after receipt of the simulated funded account, then 14 days after the last withdrawal. For Black Pepper challenge withdrawals possible every 7 days.