Trading Spear (tradingspear.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: PO Box 1212 Hamchako Mutsamudu The Autonomous Island of Anjouan Union of Comoros This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: tradingspear.com.
What really bothers me about Trading Spear (tradingspear.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Full transparency|Multi-currency support
Cons: Desktop app not available on Linux
I experienced a security concern with my Trading Spear (tradingspear.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Low minimum deposit|Detailed reporting
Cons: Desktop app not available on Linux|Research section could be deeper
I wanted to transfer my portfolio from another broker to Trading Spear (tradingspear.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Competitive fees|Personal attention|Responsive team
Cons: Limited cryptocurrency options|No phone support on weekends
Trading Spear (tradingspear.com) 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|Professional team
Cons: Minimum deposit could be lower|Some tools only available on higher tiers
Customer support at Trading Spear (tradingspear.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Social trading features|Portfolio tracking tools|Good analytical tools
Cons: Limited demo account features