SpiceProp

SpiceProp | 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.

Dealer Broker

Related broker

No Regulation

SpiceProp

Company name：SpiceProp s.r.o.

Score

1.21

Website：https://spiceprop.com/

1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.21

OlympTrade Review 2025: Trading Accounts, Demo Account, and Withdrawal to Explore

OlympTrade is a relatively young online broker registered in Saint Vincent and the Grenadines, a shady spot with a booming of unlicensed entities. Tradable assets on the OlymTrade are not extensive, and this broker does not tell many essential trading conditions. As for trading platforms, I found trades can only operated on a simple web-based trading platform, no Metatrader platform at all.

Science Popularization 2025-03-03 15:16

WNS Trade Limit Broker Review

WNS Trade Limit, established in 2023, is a forex broker incorporated in Mauritius under registration number C200345. The company operates under the jurisdiction of the Financial Services Commission (FSC) of Mauritius, holding license number GB232201953.

Original 2025-03-02 08:30

T4Trade Review 2025: Live & Demo Accounts, Withdrawal to Explore

T4Trade, established in 2021 and regulated by the FSA in the Seychelles, allows trading on a modest portfolio of over 300 instruments, spanning forex, metals, indices, commodities, futures, and shares, all accessible via the popular MetaTrader 4 and their proprietary WebTrader platforms. Notably, T4Trade offers a zero-commissions pricing model where both floating and fixed spreads are offered on its MetaTrader—flexible leverage up to 1000:1 to increase trading flexibility. T4Trade also introduces a copy trading service called “TradeCopier”, which enables traders who lack experience or time to join in the markets by copying the trades of seasoned professionals.

Science Popularization 2025-02-28 15:07