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SpartanForex -

Score

0 1 2 3 4 5 6 7 8 9
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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

SpartanForex

Costa Rica | 5-10 years |
Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

http://spartanforex.com/

Website
Open Account Time Machine

Rating Index

Influence

Influence

D

Influence index NO.1

Indonesia 2.62
Surpassed 15.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+506 7206-7179
info@spartanforex.com
http://spartanforex.com/
Spartan Capital Services Corp. Escazu Village Trejos Montealegre, San Rafael Escazu, San José Costa Rica

Licenses

No valid regulatory information, please be aware of the risk!

Warning: Low score, please stay away!
2025-09-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Costa Rica
Operating Period
5-10 years
Company Name
Spartan Capital Markets Limited
Customer Service Email Address
info@spartanforex.com
Contact Number
+50672067179
Company Website
http://spartanforex.com/
Biz Area
Website
Company Summary
Wiki Q&A
Comment

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Website

spartanfx.asia
82.221.136.24
spartanforex.com
82.221.136.7

Company Summary

SpartanForex Review Summary
Founded2014
Registered Country/RegionCosta Rica
RegulationNot regulated
Market InstrumentsForex, Metals, Cryptocurrencies, CFDs, Indices, Stocks
Demo Account✅
LeverageUp to 1:500
Spread0.4 pips for EUR/USD pair
Trading PlatformSpartan Oracle
Min Deposit$500
Customer Supportinfo@spartanforex.com
+506-7206-7179

SpartanForex Information

SpartanForex is an offshore forex and CFD broker offering trading in multiple asset classes including forex, metals, indices, stocks, and cryptocurrencies. It provides its own proprietary web-based platform, Spartan Oracle, with leverage up to 1:500 and access to over 100 instruments. However, it is not regulated by any recognized financial authority.

SpartanForex Information

Pros and Cons

Pros Cons
Offers a wide range of tradable instrumentsNot regulated
Demo accounts availableMinimum deposit of $500 is relatively high for new traders
Proprietary web-based platform with no installation neededIslamic accounts not clearly offered or standardized

Is SpartanForex Legit?

SpartanForex is not a legitimate broker. It is registered in Costa Rica but has no valid regulatory license from any recognized authority. Major global regulators like the FCA (UK), ASIC (Australia), and NFA (USA) also do not license it.

The domain spartanforex.com was registered on May 27, 2014, and will expire on May 27, 2026. It is currently in a locked status that prevents transfer and updates.

What Can I Trade on SpartanForex?

The broker offers a wide range of tradable products including forex pairs, indices, cryptocurrencies, metals, energy products, and stocks.

Tradable Instruments Supported
Forex✅
Commodities✅
Crypto✅
CFD✅
Indexes✅
Stock✅
ETF❌

Account Types

SpartanForex offers one standard live trading account and free demo accounts but does not offer Islamic (swap-free) accounts. The live account suits both beginners and experienced traders seeking low spreads and high leverage, while the demo account is ideal for practicing strategies without financial risk.

Account TypeAvailableDescriptionSuitable For
Live Account✅One main type, funding required within 30 days.Best for beginners and regular traders.
Demo Account✅Free, unlimited usage for practice and training.Great for testing strategies risk-free.

Leverage

SpartanForex offers leverage up to 1:500, depending on the account type. For example, Micro accounts can access the full 1:500 leverage, while Standard accounts are capped at 1:300, and CFD accounts go up to 1:200.

Leverage

SpartanForex Fees

Compared to industry standards, SpartanForexs fees are moderate to high. Spreads start from 0.4 pips across major forex pairs. Commissions vary by account type, ranging from $5 to $30 per lot.

Account TypeInstrumentsSpread (from)Commission per LotLeverage
MicroForex, Metals0.4 pips$25Up to 1:500
StandardForex, Metals0.4 pips$5–20Up to 1:300
CFDCFDsNot mentioned$30Up to 1:200
SpartanForex Fees

Swap Rates

SpartanForex applies overnight swap fees for holding positions past market close, with charges varying by instrument and trade direction. Although swap-free accounts are not standard, they may be available upon request with an added $5 per lot fee.

SymbolLong SwapShort Swap
AUDCHF1.8595-3.5459
AUDJPY2.1997-3.5196
AUDNZD-1.2647-0.4326
AUDUSD1.4352-3.3127
EURAUD-3.36491.6211
EURUSD-0.5251-0.4951
Swap Rates

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for what kind of traders
Spartan Oracle✅Any browser-based system (Windows, Mac, Linux, Android, iOS)Traders wanting cross-device access with no installation needed.
MT4✅Windows, Mac, Android, iOSExperienced traders needing EA (Expert Advisors), indicators, advanced charting tools.
Trading Platform

Deposit and Withdrawal

MethodMin. Deposit Min. WithdrawalFeesProcessing Time
Bank Wire$ 500Not mentionedNo fee from SpartanForex, but bank fees may apply.Several business days.
Cryptocurrency (BTC, USDT, LTC, ETH)$ 500Not mentionedNo or very low network fees.Depends on network confirmation.
UnionPay (China only)$ 500Not mentionedNot mentionedNot mentioned
Deposit and Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

LoukiaCharilaou
Within 1 year

What platforms does SpartanForex offer?

WikiFX Reply
SpartanForex offers the Spartan Oracle platform, which is web-based and doesn’t require installation, making it easy to access from any device. While I appreciate the web-based platform, I personally prefer MetaTrader 5 (MT5), which is also supported by SpartanForex. MT5 offers advanced charting tools, automated trading, and Expert Advisors (EAs) that I use in my day-to-day trading. If you’re looking for a powerful platform with more advanced features, I’d recommend MT5 over the web-based Spartan Oracle.
Broker Issues
SpartanForex
Leverage
Account
Platform
Instruments
07-16
United States
Abu00saeed
Within 1 year

What account types does SpartanForex offer?

WikiFX Reply
SpartanForex offers several account types: Micro, Standard, ECN, and VIP accounts. For new traders, the Micro account with a $500 minimum deposit is a good starting point. If you’re a more experienced trader looking for tight spreads and low commissions, the ECN account with $1,000 is the best option. For traders with a larger capital base, the VIP account with a $5,000 minimum deposit offers the most benefits.
Broker Issues
SpartanForex
Platform
Instruments
Account
Leverage
06-27
United States
Prash_007
Within 1 year

Is SpartanForex a legitimate broker?

WikiFX Reply
Given that SpartanForex lacks regulation, I would hesitate to label it as a fully legitimate broker. While it does provide access to diverse markets and offers useful tools like MT5, the lack of regulatory oversight poses a significant risk for traders. Without proper regulation from entities like the FCA, ASIC, or CySEC, there's no guarantee that SpartanForex adheres to industry standards. Personally, I think it’s a high-risk broker and not suitable for those who prioritize security and transparency.
Broker Issues
SpartanForex
Regulation
06-06
United States
Darren Ross
Within 1 year

How competitive are SpartanForex’s trading fees?

WikiFX Reply
Spreads starting from 0.4 pips for Micro and Standard accounts are quite reasonable compared to other brokers I’ve traded with. However, the ECN accounts offer raw spreads starting at 0.0 pips, but the $10 commission per lot makes it more suitable for high-volume traders. For someone like me who doesn’t trade often, I’d likely prefer the Micro account due to its lower fees and no commissions.
Broker Issues
SpartanForex
Fees and Spreads
05-31
United States
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