Review summary
Spear Capital LTD, operating under the brand TradingSpear, is a forex broker established within the last 1–2 years and registered in Comoros. According to WikiFX data, the broker holds no valid forex trading license from any authoritative regulatory body, placing it outside the oversight of major financial regulators. The WikiFX overall score stands at 1.19, reflecting the absence of regulatory licensing. Trading conditions include a minimum deposit starting from $250 on the Starter account up to $600 on the Smart Trader account, with maximum leverage reaching 1:300. Spreads are quoted from 0.8 pips on the Smart Trader account, and the broker supports Expert Advisors (EAs), scalping, and swap-free Islamic accounts. The lack of a recognized regulatory framework means traders should exercise caution when considering this entity. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-15)
