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No Regulation
Score
1.18 /10
Danger
SpiceProp
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.46
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| 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.
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