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SPARTANFOREX

Regulated
Costa Rica
,
Since 2014
Last Updated:
27/100
Overall Score

Trading Conditions

Min Deposit:
USD500
Max Leverage:
500
Account Types
MicroStandardRegular

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

2 methods

Bank Wire Transfer

bank transfer
days
Fee:
Free
Fee:
Free

Bitcoin and other Cryptocurrencies

crypto
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 6%, 2: License 31%, 3: Software 50%, 4: Spread 0%, 5: Account Type 18%, 6: Symbol 0%
Regulation
6%Poor
License
31%Poor
Software
50%Fair
Spread
0%Poor
Account Type
18%Poor
Symbol
0%Poor

Company Information

Full Name:SPARTANFOREX
Founded:2014
Headquarters:Costa Rica
Enterprise Offices:1offices

Customer Support

Phone:
+506 7206-7179
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Overview of SPARTANFOREX

SPARTANFOREX is continuing to grow its presence as a Forex and Cryptocurrency Broker. They have developed an impressive set of tools, technology and customer service in order to create a unique professional trading environment.

Although there is much to learn about SPARTANFOREX, this article will attempt to provide a comprehensive overview of the broker by reviewing its history, features, trading conditions, fee structures, regulatory requirements and overall experience for users.

SPARTANFOREX History

SPARTANFOREX is an Offshore Forex and CFD broker. They offer a wide range of Trading through multiple asset classes including: Forex, Precious Metals, Indices, Stocks and Cryptocurrencies. They have developed their own proprietary Trading Platform called Spartan Oracle. This platform allows for Leverage of up to 1:500 and provides access to over 100 different instruments. It is important to note that they are not regulated by any major Financial Authority.

SPARTANFOREX'S Offerings

SPARTANFOREX provides an extensive range of Trading Services to meet the needs of many different Trader Profiles. While each broker provides fairly detailed product information, generally brokers like SPARTANFOREX offer Trading access to a variety of Forex pairs, Commodities, Indices and potentially Cryptocurrencies. Therefore, the brokers in this category typically place a heavy emphasis on providing Competitive Trading Conditions and a User-Friendly Trading Platform.

SPARTANFOREX also appears to have multiple account types, as it provides Trading opportunities for both Beginners and Professional Traders.There are various types of SPARTANFOREX account options available to clients, including different deposit amounts, options regarding use of leverage, and different spreads; therefore, clients may select an account type that will work best with their trading strategies.

One key factor when evaluating trading brokers is regulation; however, at the present time, there is very little information available regarding SPARTANFOREX’s licensing or regulation. Therefore, prospective traders should use extreme caution and do their research prior to using this broker.

The following is a summary table outlining the limited amount of information available on SPARTANFOREX’s regulation:

Regulator License Number Status

Limited information available — —

Trading conditions are the most important element in providing traders with an all-encompassing trading experience that is profitable and enjoyable. While specific information on trading conditions for SPARTANFOREX has not yet been disclosed, the brokers generally provide trading conditions such as spreads, leverage, and minimum deposit requirements. Broker SPARTANFOREX should provide its clients access to one of the more popular trading platforms in use today (such as MetaTrader 4 or MetaTrader 5) that have been around for years and continue to be widely used because of their dependability and sophistication when it comes to charting tools. In addition, SPARTANFOREX’s technology infrastructure should provide its clients with reliable speed of execution and create an environment for trading stability.

The following table summarizes features related to trading conditions, as well as various characteristics of platforms that use the trading tools:

Feature Details Spread Limited information available Leverage Limited information available Minimum Deposit Limited information available Trading Platforms Likely MetaTrader 4/5 or proprietary platform Execution Speed Not specified

An understanding of the fee structure is crucial in order for traders to effectively manage their overall trading costs. Unfortunately, the level of detail associated with SPARTANFOREX’s fee structure is not available to the public at this time; therefore, it is suggested that potential traders inquire with SPARTANFOREX regarding the fees they charge, including deposit and withdrawal fees and commission rates.

It is common for brokers to charge variable spreads, commission charges on some accounts, as well as charge fees for certain methods of payment. Because no definitive data was available regarding costs associated with each type of service in this article; therefore, any potential trader to SPARTANFOREX should contact the broker directly.

Fee Type Details Deposit Fee Limited information available Withdrawal Fee Limited information available Commission Fee Limited information available

In determining the overall quality of a broker and its products or services, both the reputation of the broker within the marketplace and the feedback from clients play a crucial role in assessing reliability and quality of service. Unfortunately, at this time, there are no significant publicly available sources containing substantial information on SPARTANFOREX, so prospective traders must approach the broker cautiously and seek out verified testimonials from other clients through a third-party resource when applicable. Also, contacting the broker’s customer service department may provide further insight into the level of responsiveness and professionalism of the broker.

Conclusion SPARTANFOREX is considered a broker in the category of trading brokers; however, due to the lack of consistent information available on the broker, there has not been enough data or verification to determine the reliability or quality of the products and/or services provided by SPARTANFOREX. Key information on SPARTANFOREX including the broker’s regulatory status; the fees charged by SPARTANFOREX; and the trading conditions offered to clients are currently unknown, thus creating a need for prospective traders to do their due diligence regardless of whether through word-of-mouth or by conducting research independently using other means or resources.

Although SPARTANFOREX may compete with the top brokers in the use of technology to provide clients with ease of use and functionality, the absence of transparency in SPARTANFOREX’s data may create a reason for caution. Prospective traders should communicate directly with the broker to verify all crucial information prior to trading and/or using SPARTANFOREX. It should also be noted that when selecting a broker, it is always best practice to select a broker that has clear regulatory oversight and who has transparent policies.

Regulatory Licenses

Compliance & oversight

2 licenses
Saint Vincent and the Grenadines
FSCTier 3
Saint Vincent and the Grenadines
License Details
Type:Common Business Registration
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Vanuatu
VFSCTier 4
Vanuatu
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
2
Countries
0
Offshore

Account Types

Trading account options

3 types
Micro
Cent
Min Deposit USD 500 • Leverage 1:500 • Commission $25 per lot
Min DepositUSD 500
Leverage1:500
Commission$25 per lot
Standard
Standard
Min Deposit USD 500 • Leverage 1:300 • Commission $5-20 per lot depending on style
Min DepositUSD 500
Leverage1:300
Commission$5-20 per lot depending on style
Regular
Standard
Min Deposit USD 500 • Leverage 1:200 • Commission $30 per lot
Min DepositUSD 500
Leverage1:200
Commission$30 per lot
3
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

2 methods
Bank Wire Transfer
Bank Transferdays
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Deposits and withdrawals subject to fees imposed by originating, intermediary, and receiving banks; available internationally.
Bitcoin and other Cryptocurrencies
CryptocurrencyInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Deposits and withdrawals subject to network fees; ensure compliance with local regulations.
2
Free Deposit
2
Instant
1
Crypto

Trading Platforms

Professional trading tools

1 Available
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with SPARTANFOREX: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark SPARTANFOREX at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for SPARTANFOREX

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

3 sites
🌐
https://spartanforex.com/es/
Unknown
Active
SSL
🌐
https://spartanforex.com/rus/
Unknown
Active
SSL
🌐
https://spartanfx.asia
Unknown
Active
SSL
3
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Corporate Network

Enterprise structure & relationships

1 entities

Spartan Capital Markets Limited

Vanuatu
active

Registration

14593

Established

N/A

Comments

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