SpiceProp has been flagged by National Securities and Stock Market Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for SpiceProp online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by National Securities and Stock Market Commission. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by National Securities and Stock Market Commission|Cannot verify credentials
SpiceProp has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Fast deposits|Risk management tools|Intuitive for beginners|Real-time alerts
Cons: None so far|Research section could be deeper
SpiceProp offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Competitive fees|Clean UI|Full transparency|Clear documentation
Cons: Would like more payment methods|Help articles are sometimes vague
What really bothers me about SpiceProp is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through word of mouth in my investment club and I fell for the polished exterior. Never again.
Pros: Personal attention|Responsive team|Intuitive for beginners
Cons: Cannot customize dashboard fully
I was contacted by SpiceProp through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Do not use SpiceProp for anything serious. I used them since mid-2025 for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Easy withdrawals|Copy trading available
Cons: Charting tools need more indicators
I looked into SpiceProp and found they appear in the regulatory warnings database. National Securities and Stock Market Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status