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Spider Capital Investment Limited foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.spiderforex.com/registration, about the company's legal and temporary regulatory information, the company's address 6th floor, Ken Lee Building, 20, Edith Cavell Street, Port Louis, Mauritius 11304.

Spider Capital Investment Limited Forex Broker

Basic Information

Registered Region
Mauritius
Operating Period
--
Company Name
Spider Capital Investment Limited
Abbreviation
Spider Capital Investment Limited
Company employee
--
Customer Service Email Address
support@spiderforex.com
Contact Number
+2302144395
Company Website
Company address
6th floor, Ken Lee Building, 20, Edith Cavell Street, Port Louis, Mauritius 11304
WhatsApp
+230 2144395
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Spider Forex Review SummaryFounded2020Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex, CFDs, commodities, indices, cryptos, and metalsDemo Account✅LeverageUp to 1:500SpreadFrom 2.5 pips (Mini account)Trading PlatformMT5Minimum Deposit$10Customer Support24/7 support, live chat, Whats AppTel: +230 2144395Email: support@spiderforex.comAddress: 6th floor Ken Lee Building 20, Edith Cavell Street Port Louis, Mauritius 11304Social Media: Facebook, X, Instagram, LinkedInSpider 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 ConsPros Cons MT5 platformNo regulationDemo accountsVarious trading productsLow minimum depositLive chat supportFive account types offeredZero commission feesIs 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 TypeMinimum DepositSuitable for Mini $100Advanced features for Pro tradersMicro$10For beginners with standard conditionsClassic$500Tight spreads and direct market accessPremium$100Lowest spreads for high-volume tradersECN$10Bank spreads for high-volume tradersLeverage 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 FeesAccount TypeSpreads fromCommissionMini 2.5 pips✖Micro2.8 pips✖Classic2.0 pips✖Premium1.5 pips✖ECN0.3 pips✔Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, mobile, webExperienced tradersMT4✖/BeginnersDeposit 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.

Rating Index

Mini

Minimum Deposit
$100

Classic

Minimum Deposit
$500
How to login to Spider Capital Investment Limited?
Spider Forex Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide provides detailed instructions for the registration, account opening, and login processes on the Spider Forex platform. Whether you are a beginner or an experienced trader, this guide wil

  

Spider Forex Broker - Complete Information Guide

  

1. Broker Overview

  Spider Forex, officially known as Spider Capital Limited, is a relatively new player in the online trading scene, having been established in 2021. The company is headquartered in Port Louis, Mauritius, a location often associated with less stringent regulatory oversight, which raises concerns about investor protection. Spider Forex operates as a private entity, focusing primarily on retail clients looking to engage in forex trading, as well as offering services for contracts for difference (CFDs) and cryptocurrencies.

  The broker aims to provide a range of trading solutions tailored to both novice and experienced traders. It has positioned itself as a modern trading platform, emphasizing cutting-edge technology and customer support. However, the company lacks a significant track record, which is a critical factor for many investors when choosing a broker.

  Spider Forex offers services primarily in the forex market, targeting retail traders who are interested in accessing global financial markets. The company claims to provide a user-friendly trading experience, yet it faces scrutiny due to its unregulated status and the lack of transparency regarding its operations.

  The business model of Spider Forex revolves around retail forex trading, CFDs, and cryptocurrency trading. It aims to attract clients with competitive spreads and a variety of trading tools, although the specifics of its offerings remain vague.

  

2. Regulatory and Compliance Information

  One of the most concerning aspects of Spider Forex is its lack of regulation. The company is not regulated by any major financial authority, which is a significant red flag for potential investors. There are various regulatory bodies worldwide, but Spider Forex does not appear to be listed under any of them.

  The absence of regulatory oversight means that Spider Forex does not have a regulatory number or a valid license to operate, making it difficult to ascertain the legitimacy of its operations. Moreover, the lack of a governing body means that the company is not obligated to adhere to any specific compliance measures that protect investor funds.

  In terms of client fund safety, Spider Forex does not provide clear information on its client fund segregation policies. This lack of transparency raises concerns about the safety of client funds, especially in the event of financial difficulties faced by the broker.

  Additionally, there are no indications that Spider Forex participates in any investor compensation schemes. Such schemes are essential for providing a safety net for investors in case of broker insolvency.

  The company does not appear to follow Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations rigorously, which further compounds the risks associated with trading with Spider Forex.

  

3. Trading Products and Services

  Spider Forex offers a range of trading products, primarily focusing on forex currency pairs, CFDs, and cryptocurrencies. The broker claims to provide access to over 70 major, minor, and exotic currency pairs, allowing traders to diversify their portfolios.

  In addition to forex, Spider Forex offers CFDs on various asset classes, including:

  • Indices: Major global indices.
  • Commodities: Including precious metals like gold and silver.
  • Cryptocurrencies: A selection of popular digital currencies.

  However, specific details regarding the frequency of product updates or the introduction of new trading instruments are not readily available.

  For retail clients, Spider Forex provides basic trading services, but lacks comprehensive institutional client services. There is no mention of white-label solutions or asset management services, which could be beneficial for more advanced traders or institutions.

  

4. Trading Platform and Technology

  Spider Forex supports the widely used MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and robust trading features. However, there is no mention of support for MetaTrader 5 (MT5), which could limit trading options for some users.

  The broker does not appear to have a proprietary trading platform, which may deter traders looking for unique features or customized trading experiences. Spider Forex does offer a web-based trading platform, but details regarding its functionality and user experience are sparse.

  For mobile trading, the broker claims to provide applications compatible with iOS and Android devices, allowing traders to manage their accounts on-the-go.

  In terms of execution modes, Spider Forex reportedly follows an ECN model, which is generally preferred by traders for its transparency and competitive pricing. However, specific details about server locations and technical infrastructure are not disclosed, raising concerns about latency and execution speed.

  The broker does not provide clear information regarding API access or support for automated trading, which could be a disadvantage for algorithmic traders.

  

5. Account Types and Trading Conditions

  Spider Forex does not offer a diverse range of account types, which can be a limitation for traders looking for tailored solutions. The broker provides only a few standard account conditions, including:

  • Minimum Deposit: Varies by account type, typically starting from $10.
  • Spreads: Starting from 2.8 pips for basic accounts, with potential reductions for higher-tier accounts.
  • Commissions: Zero commissions on trades, which can be appealing for cost-conscious traders.

  Advanced account types such as VIP or professional accounts are not explicitly detailed, and there is no mention of special accounts like Islamic accounts or corporate accounts.

  The leverage offered by Spider Forex can go up to 1:500, which is relatively high, allowing traders to amplify their positions. The minimum trade size is typically 0.01 lots, making it accessible for new traders.

  Information regarding overnight fees or swap rates is not readily available, which could pose challenges for traders who hold positions overnight.

  

6. Fund Management

  Spider Forex supports various deposit methods, including traditional options like bank transfers, credit cards, and e-wallets. The minimum deposit requirement varies by account type, with some accounts starting as low as $10.

  The processing time for deposits is generally quick, although specific timeframes are not provided. The broker does not disclose any deposit fees, which could be beneficial for traders looking to minimize costs.

  For withdrawals, Spider Forex offers multiple methods, but the specifics regarding withdrawal limits and processing times remain unclear. Clients have reported difficulties in withdrawing funds, which is a common issue with unregulated brokers.

  The fee structure for withdrawals is also not transparent, which can lead to unexpected costs for clients trying to access their funds.

  

7. Customer Support and Educational Resources

  Spider Forex claims to provide customer support through various channels, including phone, email, and social media. However, there is no mention of live chat support, which is often preferred by traders for its immediacy.

  The support service operates during standard business hours, but exact time zone coverage is not specified. The broker does offer multilingual support, although the languages available are not detailed.

  In terms of educational resources, Spider Forex provides basic materials such as webinars, tutorials, and articles. However, the depth and quality of these resources are not clearly outlined.

  Market analysis services, including daily updates and research reports, are not prominently featured, which could limit traders' ability to make informed decisions.

  The broker does offer trading tools like calculators and economic calendars, but further details on their functionality are lacking.

  

8. Regional Coverage and Restrictions

  Spider Forex primarily serves clients in Mauritius and other regions, but specific details about its operational markets are not disclosed. The company does not provide information on regional offices or local support, which could be a drawback for traders seeking localized assistance.

  There is no clear list of countries or regions from which Spider Forex does not accept clients. However, given its unregulated status, it is advisable for potential clients to verify their local laws and regulations regarding trading with offshore brokers.

  Special restrictions or conditions are not mentioned, but potential clients should exercise caution and conduct thorough research before engaging with the broker.

  In conclusion, while Spider Forex presents itself as a modern trading platform with a focus on customer service and technology, its lack of regulation and transparency raises significant concerns. Potential investors should carefully weigh the risks before deciding to engage with this broker.

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Latest Reviews

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I've been on the lookout for a reliable forex platform, and a friend recommended this one. Firstly, their transaction fees are relatively low, which is a game-changer for someone like me who's just starting out. Plus, their user interface is clean and user-friendly, perfect for newbies. When I started, I had some basic questions, and their customer service was incredibly patient and helpful. So far, my trading experience has been good. Here's hoping for more smooth sailing!

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Spider Capital Investment Limited Forex Broker has an overall rating of 1.38, Regulatory Index 0.00, License Index 0.00, Business Index 6.03, Software Index 4.00 Risk Control Index 0.00.
Spider Capital Investment Limited