Review summary
Spear Capital LTD, operating as TradingSpear, is an entity established within the last 1-2 years and registered in the Comoros. This location and its reported business scope place it outside the mainstream regulatory frameworks typically associated with established forex brokers, as it holds no valid authoritative forex trading licenses. This operational status means client funds and trading activities lack formal oversight from major financial authorities. According to WikiFX data, the broker offers accounts such as a Starter account with a $250 minimum deposit and leverage up to 1:200, and a Smart Trader account requiring a $600 minimum with leverage up to 1:300. WikiFX's comprehensive assessment assigns TradingSpear an extremely low overall score of 1.13 out of 10, reflecting significant operational and credibility concerns. Prospective traders must conduct extensive independent due diligence. 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: 2026-03-24)
