On-line since: About the company: SpartanFX is an offshore Forex broker that offers trading currency, metals, Bitcoin, Litecoin, Ethereum, Zcash, CFDs on indices and commodities. Company. Security of funds TradeForexOffshore, Spartan Forex, and SpartanForex are the trade names of SpartanForex Limited, which is licensed and regulated by the Department of Finance and Treasury of the Republic of Vanuatu. The broker does not accept customers from the US and Hong Kong. SpartanFX focuses primarily on clients from Asia. Customers’ funds are kept in segregated accounts. A segregated account is a separate account used by brokers to store clients’ funds independently of the company’s assets. This means that a broker will not be able to use money of the customers for its own purposes. But VSFC shows a supportive attitude towards regulated companies. Therefore, due to the fact that the broker is in an offshore zone, we recommend you to study traders’ feedback on SpartanFX before investing and starting trading. Trading conditions Transactions in SpartanFX are processed instantly by the STP technology, bypassing the dealing center. Apparently, there is only one account type in the company, with the help of which you can trade micro lots. There is also a demo account for testing the platform or just learning. Minimum initial deposit If you decide to open an account with the company, you need to deposit a minimum of $25. This amount allows traders with a limited budget to start trading. Spreads and commissions As indicated on the site, spreads start from 0.4 pip. However, you can meet such a value only under favorable trading conditions. And the market, as we know, is changing quite quickly. Nevertheless, this is a low value, given that in some companies spreads start from 2 pips. We did not find any information on whether the broker charges a commission from its customers or not. At least, there is no mention of it on the website of SpartanFX. Leverage The leverage of up to 1:500 is available in the company. This is a high level of leverage which can be offered only by some brokers. Using the leverage, a trader can quickly raise the initial capital or earn an amount equal to it. However, the leverage will also increase the loss amount in case of failure. Trading platforms Like the great majority of Forex brokers, SpartanFx offers the popular MetaTrader4 platform (MT4), which you can open directly in the browser window, download the application for computers or mobile devices. For more than 10 years, MT4 has been the favorite among brokers and traders in the online trading industry. MT4 is still much more popular than its successor MT5, despite the fact that the latter is considered more advanced. The platform is user-friendly and supports several types of orders, hedging, and advisors. MT4 also provides various tools for graphing and technical analysis as well as many other options. Training and analytics SpartanFX provides its traders with educational materials: free videos and articles, electronic books. There are also webinars for traders of different levels. It offers daily analysis of the markets of Asia, Europe, and New York; a news feed; and an economic calendar. Support service Phone, email, online chat, and Skype are accessible ways to contact the support service. The site is available in English. Logining in, traders can choose some of the Asian languages. Payment methods In addition to the standard methods of depositing, there are bank transfers and credit/debit cards. The broker also uses such payment platforms as China UnionPay, Neteller, FasaPay, ecoPayz, iAccount and the MegaTransfer e-wallet. Besides, SpartanFX accepts payments in Bitcoin, Litecoin, Ethereum, and Zcash. Advantages:
Disadvantages:
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I can't deal with SpartanFX due to some lucking on their MetaTrader4 platform. As my orders didn't execute on time and the platform could be freezing for 10 sec to 2 minutes, I got slippage, even my pending orders didn't execute too. I have noticed that they have an offshore payment gateway. So I say SpartanFX isn't suitable for me in the risky market.
I have a basic account with SpartanFX and the first deposit of $200. The broker is honest and doesn't have hidden commissions for withdrawal or after closing a deal. I like their trading conditions. My trading involves currency pairs EUR/USD, USD/CAD, USD/JPY USD/CHF. I withdraw around $250 a month using Fasapay account. I am their client for the past year and I recommend the broker.
SpartanFx has spoiled my trading life with $200 lost. In starting they create a family atmosphere. So I have added $500 to my account and earned $400. When I made a withdrawal request of $700 then SpartanFx canceled the withdrawal request. Their support told me just some amount that I can withdraw and the amount it's too small. So I have withdrawn $700 for 2 weeks in 5 requests. But today I found my account is blocked and SpartanFx gave me so many excuses.
SpartanFx is a good broker which always provides nice services for their clients. I have been trading with them for more than a year, and I like to trade with them because the first thing I saw is their minimum deposit is affordable for me, and I started to trade I found the fastest order executions and stable platform. I'm so happy to trade with them because everything is easy, their services are never bad to me. I would highly recommend SpartanFX to all my friends. They are reliable broker, as far I can tell.
I have numerous problems with SpartanFX broker. The main problem of this broker is they will do a margin call and close my trades not even close to use the limit. Their spreads are horrible and most of the time they make 30 to 40 seconds delay on execution of my orders. I also don’t like their withdrawal system, they hole my withdrawals for 20-25 days. SpartanFX broker is giving very poor service!
It has been two years since I started trading with SpartanFX. All throughout my trading experience, I never had any major problem in my trading activities. The broker makes sure to provide great services. I also made two withdrawals already and the transaction is really fast. There are no hidden charges as well.
What kind of support we get if broker ran away taking our funds. And our trading accounts have been locked. Same thing happened in India with one guy named ANAND & SHAIK WAJID. Nearly 90 crores Indian rupees they scammed. People's hard earned money . I do request you to kindly help me to sought out this thing. Waiting for your replay,. Thank you
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