Company Profile
Company Profile
Review summary
| 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 Information
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 and Cons
| Pros | Cons |
| MT5 platform | No regulation |
| Demo accounts | |
| Various trading products | |
| Low minimum deposit | |
| Live chat support | |
| Five account types offered | |
| Zero commission fees |
Is Spider Forex Legit?
No. Spider Forex currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Spider Forex?
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 | ❌ |
Account Type
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 |
Leverage
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.
Spider Forex Fees
| 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
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, mobile, web | Experienced traders |
| MT4 | ✖ | / | Beginners |
Deposit and Withdrawal
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.
