SpartanForex Forex Broker

SpartanForex Review Summary Founded2014 Registered Country/RegionCosta Rica RegulationNot regulated Market InstrumentsForex, Metals, Cryptocurrencies, CFDs, Indices, Stocks Demo Account✅ LeverageUp to 1:500 Spread0.4 pips for EUR/USD pair Trading PlatformSpartan Oracle Min Deposit$500 Customer Supportinfo@spartanforex.com +506-7206-7179SpartanForex Information SpartanForex is an offshore forex and CFD broker offering trading in multiple asset classes including forex, metals, indices, stocks, and cryptocurrencies. It provides its own proprietary web-based platform, Spartan Oracle, with leverage up to 1:500 and access to over 100 instruments. However, it is not regulated by any recognized financial authority.Pros and Cons Pros Cons Offers a wide range of tradable instrumentsNot regulated Demo accounts availableMinimum deposit of $500 is relatively high for new traders Proprietary web-based platform with no installation neededIslamic accounts not clearly offered or standardizedIs SpartanForex Legit? SpartanForex is not a legitimate broker. It is registered in Costa Rica but has no valid regulatory license from any recognized authority. Major global regulators like the FCA (UK), ASIC (Australia), and NFA (USA) also do not license it. The domain spartanforex.com was registered on May 27, 2014, and will expire on May 27, 2026. It is currently in a locked status that prevents transfer and updates.What Can I Trade on SpartanForex? The broker offers a wide range of tradable products including forex pairs, indices, cryptocurrencies, metals, energy products, and stocks. Tradable Instruments Supported Forex✅ Commodities✅ Crypto✅ CFD✅ Indexes✅ Stock✅ ETF❌Account Types SpartanForex offers one standard live trading account and free demo accounts but does not offer Islamic (swap-free) accounts. The live account suits both beginners and experienced traders seeking low spreads and high leverage, while the demo account is ideal for practicing strategies without financial risk. Account TypeAvailableDescriptionSuitable For Live Account✅One main type, funding required within 30 days.Best for beginners and regular traders. Demo Account✅Free, unlimited usage for practice and training.Great for testing strategies risk-free.Leverage SpartanForex offers leverage up to 1:500, depending on the account type. For example, Micro accounts can access the full 1:500 leverage, while Standard accounts are capped at 1:300, and CFD accounts go up to 1:200.SpartanForex Fees Compared to industry standards, SpartanForexs fees are moderate to high. Spreads start from 0.4 pips across major forex pairs. Commissions vary by account type, ranging from $5 to $30 per lot. Account TypeInstrumentsSpread (from)Commission per LotLeverage MicroForex, Metals0.4 pips$25Up to 1:500 StandardForex, Metals0.4 pips$5–20Up to 1:300 CFDCFDsNot mentioned$30Up to 1:200Swap Rates SpartanForex applies overnight swap fees for holding positions past market close, with charges varying by instrument and trade direction. Although swap-free accounts are not standard, they may be available upon request with an added $5 per lot fee. SymbolLong SwapShort Swap AUDCHF1.8595-3.5459 AUDJPY2.1997-3.5196 AUDNZD-1.2647-0.4326 AUDUSD1.4352-3.3127 EURAUD-3.36491.6211 EURUSD-0.5251-0.4951Trading Platform Trading PlatformSupportedAvailable DevicesSuitable for what kind of traders Spartan Oracle✅Any browser-based system (Windows, Mac, Linux, Android, iOS)Traders wanting cross-device access with no installation needed. MT4✅Windows, Mac, Android, iOSExperienced traders needing EA (Expert Advisors), indicators, advanced charting tools.Deposit and Withdrawal MethodMin. Deposit Min. WithdrawalFeesProcessing Time Bank Wire$ 500Not mentionedNo fee from SpartanForex, but bank fees may apply.Several business days. Cryptocurrency (BTC, USDT, LTC, ETH)$ 500Not mentionedNo or very low network fees.Depends on network confirmation. UnionPay (China only)$ 500Not mentionedNot mentionedNot mentioned