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TradingSpear

High riskForex / CFD broker
Comoros · < 1 year · since 2025-09-11 · Spear Capital LTD
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
$250
Min. deposit ›
1:200
Max leverage ›
3
Account types ›
63/100
Scam risk ›
0
Clone sites ›
Accounts: Swap-Free · $300Smart Trader · $600Starter · $250+
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.19/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from TradingSpear? Our free assistant writes up your case and shows exactly what to do next →
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No sign that TradingSpear actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
63
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 10 months old
  • Registered in Comoros (offshore, light oversight)
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age9215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration808%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameSpear Capital LTD
Headquarters Comoros
Founded2025-09-11
Years operating< 1 year
Employees0
Official websitetradingspear.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
PO Box 1212, Hamchako, Mutsamudu, The Autonomous Island of Anjouan, Union of Comoros

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Swap-Free1:200$300From 1.2 --✓
Smart Trader1:300$600From 0.8--✓
Starter1:200$250+From 1.2--✓

Review analysis AI

TradingSpear is a newly established forex broker with a limited track record and a regulatory claim from the Comoros, a jurisdiction with minimal oversight. Our independent findings show no verified regulatory licence, and the broker's elevated scam risk score of 63/100 reflects these concerns. Traders should exercise caution and consider the risks of dealing with an unregulated entity.

Best for
  • Traders comfortable with offshore regulation
  • Beginners seeking a low minimum deposit and welcome bonus
  • Traders looking for swap-free Islamic accounts
Not for
  • Traders requiring strict regulatory oversight from major jurisdictions
  • Traders who need full transparency on fees and spreads
  • High-volume or institutional traders
Period:

Real user reviews

Where TradingSpear operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇦🇺 Australia

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What TradingSpear says about itself as stated by the broker · not independently verified by FXCanary

About TradingSpear

TradingSpear, operated by Spear Capital Ltd, is an online forex brokerage claiming to serve over 973,000 global clients. It presents itself as a world-class investment platform built on trust, transparency, and low-cost trading.

Account Types

The broker offers two primary trading accounts on its website: - Starter Account: Minimum deposit $250, maximum leverage 1:200, featuring a $50 welcome bonus, educational resources, risk management tools, and demo access. - Smart Trader Account: Minimum deposit $600, with advanced tools for experienced traders. Additionally, a Swap-Free account is available (minimum deposit $300, leverage up to 1:200), although it is not prominently listed on the main account page.

Regulation and Licensing

According to its website, TradingSpear is fully licensed and regulated under Spear Capital Ltd, company registration number 16085, regulatory license number 16085/SCL, registered in the Union of Comoros. The broker claims its regulatory framework ensures a secure, transparent, and compliant trading environment.

Trading Platforms and Instruments

TradingSpear offers a desktop trading platform with features such as ultra-fast execution, secure trading, real-time market data, and expert support. The broker focuses on forex trading, providing access to liquid currency pairs like EUR/USD with low spreads and leverage up to 500:1 (per homepage claim).

Deposits and Withdrawals

Deposits and withdrawals are handled through a secure Client Area on the TradingSpear website. The broker accepts multiple payment methods (not specified on the site), and the deposit policy document states compliance with Mauritius FSC regulations, though the broker is registered in Comoros.

About TradingSpear

Company Overview

TradingSpear is an online forex brokerage founded on 11 September 2025 and operated by Spear Capital Ltd, a company registered in the Union of Comoros. The firm states its registered address as PO Box 1212, Hamchako, Mutsamudu, The Autonomous Island of Anjouan, Union of Comoros. The broker markets itself as a secure and low-cost trading partner for retail clients worldwide.

Regulatory Status

According to its website, TradingSpear is authorized and regulated by the Comoros authorities under license number 16085/SCL. However, independent verification from our records indicates that no official regulatory licence has been confirmed. The Comoros offshore financial centre is known for limited oversight, which may pose additional risk for traders.

Account Types and Minimum Deposits

TradingSpear offers three account tiers: the Starter account (minimum deposit $250), the Smart Trader account (minimum deposit $600), and a Swap-Free account (minimum deposit $300). The Starter account is designed for beginners and includes a $50 welcome bonus and educational resources. The Smart Trader account targets experienced traders with advanced tools. Maximum leverage ranges from 1:200 to 1:300 depending on the account.

Trading Platforms and Instruments

The broker provides a desktop trading platform emphasizing fast execution, security, and real-time market data. It primarily offers forex trading, including major currency pairs such as EUR/USD. While spreads are advertised as competitive, specific spread figures are not disclosed on the website. Leverage is offered up to 1:500 according to the homepage.

Fees and Funding

TradingSpear does not prominently list its fee structure on the public website, but claims zero hidden fees. Funding methods include various unspecified payment options, and the deposit policy references the Mauritius FSC framework. Withdrawals are processed through the client area, with policies outlined in a separate document.

Client Support and Target Audience

The broker offers customer support via email and a contact form on its website. It targets both beginner and experienced traders, with educational resources and demo accounts for newcomers. The stated client base of over 973k, while unverified, suggests a broad marketing reach.

Overview compiled by FXCanary from regulatory records and public data. full TradingSpear review