Spider Forex Review

WikiFX | 2025-06-18 11:24

Abstract：　　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.

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.