Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
8/10 · CriticalOnly ever held a weak offshore Mauritius dealer licence, now lapsed since 01 Jan 2026, and kept operating without a valid licence.
Identity & transparency
4/10 · ModerateReal, disclosed entity and a registered address that matches the FSC register; but ownership is undisclosed and the operation is now abandoned.
Withdrawals & conduct
6/10 · HighCredible fund-integrity reports including a quoted letter banning all pending withdrawals and resetting profits, though limited in number and mostly one platform.
Reputation
6/10 · HighTrustpilot 3.1 with an astroturf-style positive burst and scam accusations tying it to a partner brand.
Website claims
5/10 · ModerateAdvertised a 4.9/5 rating that does not match the real 3.1, and vague longevity claims; no fabricated tier-1 licence claim seen.
Operational history
4/10 · ModerateDomain from 2020 and brand since 2023 (multi-year), but the company could not be dated and the site is now defunct and for sale.
Who they are
A quick desk file on the company behind the brand.
- Brand: Spider Forex
- Legal entity: Spider Capital Investment Ltd (also written 'Limited')
- Registered: 20 Edith Cavell Street, Level 6 Ken Lee Building, Port Louis, Mauritius
- Website: spiderforex.com (now parked and listed for sale)
- Management company: Intrasia Management (Mauritius) Limited
- Only licence: Mauritius FSC Investment Dealer (Full Service Dealer excluding Underwriting), granted 14 Nov 2024, lapsed 01 Jan 2026
- Offers: Forex, metals, crypto, indices, energies and commodities on MetaTrader 5; accounts from a $10 micro account
- Not accepted: United States, Cuba, Iraq, Myanmar, North Korea, Sudan
- Age claim: Vague 'years of industry experience'; domain registered 2020, Spider Capital branding on the site since at least 2023
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Financial Services Commission (FSC), Mauritius
Why we reached this verdict
How the evidence adds up.
We rate this high risk because the one real protection it once had is gone and the conduct reports point to fund problems.
- The licence has lapsed. The Mauritius FSC register shows Spider Capital Investment Ltd held an Investment Dealer licence from 14 November 2024, but it is now marked 'Licence Lapsed on 01 January 2026'. A Mauritius dealer licence is a low-tier offshore permission with limited protection even when active; lapsed, it gives none.
- It kept operating without a valid licence. Archived copies of the site show it live and taking deposits through June 2026, months after the licence lapsed.
- Fund-integrity reports. One trader published a letter from Spider Capital that suspended their account for vague 'suspicious activity' and 'permanently banned' all pending withdrawals while resetting profits. A second reviewer in February 2026 said they could not withdraw and called it a scammer alongside a partner brand.
- The operation has gone dark. The domain was dropped and now shows a GoDaddy 'for sale' auction page, a common ending for offshore brokers that wind down.
- Weak reputation signals. The public Trustpilot score is 3.1, the positive reviews arrived as a short June to July 2024 burst from single-review accounts, and the site advertised a 4.9/5 rating that does not match reality.
We stop short of calling it a confirmed scam: the fund-access complaints are real and specific but limited in number and mostly on one platform, and no regulator warning names the firm. The age figure rests on the domain because the company itself could not be dated, so it is an upper bound.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Mauritius FSC Online Public Register lists Spider Capital Investment Ltd with a SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licence dated 14/11/2024, status LICENCE LAPSED, annotation 'Licence Lapsed on 01 January 2026'.
Hard proofFSC Mauritius Online Public RegisterE2The registered office address on the FSC register (20 Edith Cavell Street, Level 6 Ken Lee Building, Port Louis) matches the website footer address, confirming this is the genuine entity and not a clone.
E3Archived homepage from 07 June 2026 shows the site still live, taking deposits via MetaTrader 5 and a client portal, months after the licence lapsed on 01 January 2026, with no valid licence displayed.
StrongWayback Machine snapshotE4Trustpilot review (Sept 2024) quotes a Spider Capital letter suspending the account for 'suspicious activity', stating all pending withdrawals were 'permanently banned' and profits reset. A profit-confiscation pattern.
StrongTrustpilotE5Trustpilot review (Feb 2026) says the user cannot withdraw and calls Spider Capital and partner brand 'Crib Markets' scammers, noting Crib Markets' Trustpilot widget redirects to Spider Forex.
ModerateTrustpilotE6spiderforex.com now redirects to a parked GoDaddy auction page ('is available on GoDaddy Auctions'); domain last changed 30 July 2026, indicating the operation is defunct.
ModerateLive site and RDAPE7Domain RDAP shows spiderforex.com registered 2020-07-18 via GoDaddy. Earlier 2011 to 2018 snapshots were an unrelated Spanish-language signals site, so the current operation dates from the 2020 re-registration.
E8Trustpilot overall score 3.1 from 11 reviews with a June to July 2024 burst of generic 5-star reviews from single-review accounts, while the site advertised a '4.9/5' rating.
ModerateTrustpilot and archived websiteE9No regulator warning-list entry naming spiderforex.com, Spider Forex or Spider Capital Investment found across searches of FSC Mauritius and general regulator alerts as of 16 Aug 2026.
The other side
The strongest case in this broker’s favour.
In fairness to the company, several points cut the other way.
- This is a genuine, identifiable Mauritius company, not a clone. The address on the regulator's register matches the website exactly.
- It did hold a real FSC Investment Dealer licence for a period, which is more than many offshore brokers ever obtain.
- Some long-term users reported smooth deposits and withdrawals and praised the training and support.
- A lapsed licence can reflect a business winding down rather than theft, and an offshore licence alone is a risk tier, not proof of fraud.
- The heaviest single complaint comes from one account, and the partner-brand complaint is from a user of the other brand rather than a direct Spider client.
What would change this
What we would need to see to revise the verdict.
Our view would move if new facts appeared.
- Worse: a regulator warning naming spiderforex.com, or several fresh withdrawal-refusal reports across more than one platform, would push this toward likely or confirmed scam.
- Worse: proof the operators relaunched the same business under a new brand or domain while old clients remain unpaid.
- Better: documented evidence that pending withdrawals were paid out, or that the FSC licence was reinstated and the firm resumed under supervision.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius Online Public Register
Search the name 'Spider' to see the Investment Dealer licence marked as lapsed.
FSC Mauritius investor alerts
The Mauritius regulator's warnings and unauthorised-entity notices.
Trustpilot reviews for spiderforex.com
User reviews, including the withdrawal-ban and profit-reset complaints.
Frequently asked questions
Quick answers about this broker’s safety.
Is Spider Forex a scam?
We rate it high risk rather than a confirmed scam. Its only licence has lapsed, it kept taking deposits without one, and there are credible reports of blocked withdrawals and reset profits. The site is now parked and for sale, so treat it as unsafe.
Is Spider Forex regulated?
Not currently. Spider Capital Investment Ltd held a Mauritius FSC Investment Dealer licence granted in November 2024, but the regulator now records it as lapsed since 1 January 2026. It has no licence from any major regulator such as the FCA, ASIC or CySEC.
Can I withdraw my money from Spider Forex?
That is the main concern. One trader published a company letter that suspended their account and permanently banned all pending withdrawals, and another said they could not withdraw. With the site now offline and for sale, getting money out may be very difficult.
Is my money safe with Spider Forex?
No. An offshore Mauritius licence gives limited protection even when active, and this one has lapsed. There is no meaningful compensation scheme, and the operation appears to have shut down.
Who owns Spider Forex?
The operating company is Spider Capital Investment Ltd, registered in Port Louis, Mauritius, with Intrasia Management (Mauritius) Limited listed as its management company. The individual owners are not disclosed on the site.
How old is Spider Forex?
The domain spiderforex.com was registered in 2020, and the Spider Capital brand has been on the site since at least 2023. The company itself could not be dated precisely, so the age is best treated as an upper bound.
What is a Mauritius FSC Investment Dealer licence worth?
It is a low-tier offshore authorisation. It permits a brokerage business but offers far weaker client-fund protection than tier-1 regulators. In this case the licence has also lapsed, so it protects nothing now.
Is Spider Forex a clone of another broker?
No. We confirmed the company name and registered address against the Mauritius regulator's own register, and they match the website. This is a genuine entity, not an impersonator.
What is 'Crib Markets' and how is it linked?
A Trustpilot reviewer described Crib Markets and Spider Capital as partner companies and scammers, and said Crib Markets' Trustpilot widget redirects to Spider Forex's page. We could not fully verify the link, but it is a reason for extra caution.
What should I do if I was scammed by Spider Forex?
Gather your records, request withdrawals in writing, and do not pay any upfront fee to release funds. Report the loss to the Mauritius FSC and your local regulator, and ask your bank or card provider about a chargeback.
What should I check before depositing with any broker?
Confirm a current licence on the regulator's own register, check that the registered entity and website match, read recent independent reviews for withdrawal problems, and avoid brokers that pressure you or ask for crypto-only deposits.
What we recommend
The practical takeaway from everything above.
Treat Spider Forex as an unregulated, defunct operation and do not send it money.
- Do not open an account or deposit; the site is parked and the licence has lapsed.
- If you already have funds there, request a full withdrawal in writing, keep all records, and do not pay any 'tax', 'fee' or 'unlock' charge asked for before a payout.
- Consider a card or bank chargeback and report the loss to the Mauritius FSC and to your local financial regulator.
- Be wary of any 'recovery' service that contacts you about this broker, and of related brands using the same operators.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 16, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.