Spear Trader Review

Spear Trader promises high bonuses and promotions to their new customers. But is this broker legit or is Spear Trader a Scam?

We have thoroughly investigated Spear Trader and we did not find any significant data about them, since they don’t rate very well in Google Trends. (See the graph of Google Trends below). You can also see our constantly updated selection of Best Safe Binary Options Brokers and read detailed reviews for safe and secure trading.

Since we have not gathered enough information yet, we cannot confirm that Spear Trader is safe. You can Proceed to Safety  OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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Binary options trading is a fast growing industry. Spear Trader is a new binary options broker and we decided to investigate it to find out if it is a good choice for our traders or there are better options.

Spear Trader Review

These days many promotional reviews are available on the Internet. These may lead you to think that Spear Trader is one of the best binary options trading platform. But don’t be fooled! Spear Trader doesn’t seem to be registered. If you don’t want illegal binary options trading, consider investing in another approved broker.

Spear Trader Scam

The Spear Trader binary options broker has not been regulated. It is advisable that you sign up with some broker that is not only safe but also reliable. The system shows all signs that should warn traders to be cautious. You will not be able to see any difference between the “Entry Level Account” and the “VIP Chairman’s Club” account. You will be promised Tradologic to make the software experience fruitful. However, it is seen that it only makes the binary options trading slower.

Spear Trader Demo

The demo that Spear Trader offers is not at all satisfactory. Before investing in the binary options trading platform you should be careful. The demo of Spear Trader cannot give any sense of the real trading account. Everyone who has given us a feedback about this broker  has faced huge disappointment with the binary options. The digital, touch, range, turbo and one touch options have shown no real proof to bring profit to the members.

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Spear Trader Deposit and Withdrawal

To begin using Spear Trader you have to make a deposit of $350. This part is easy but the withdrawal process is rather slow and complex. Consider the negative aspects of Spear Trader compared to other binary option brokers before you make a decision to trade on their binary options trading platform.


After detailed investigation our team concluded that there are better choices than Spear Trader. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with Spear Trader.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List

3 Responses to “Spear Trader Review”

  1. Yes, i have an account with Spear Trade.. ask for a withdrawal back to my credit card account since 15 April 2016 till now 22 April 2016… status still pending..

    Post a message at the chat box and was redirect to sending an email of my query.

    Auto reply email says… will get back to me…

    What is that ???? Angry

  2. They have done something similar to me, I put a deposit with them, because it was time sensitive offer, I decided not to trade with them, and asked for my deposit back still waiting more than 10 days later.. and then they send me a mail to say I must trade at least 5 times before making a withdrawal, this is wrong – no company can force you to trade .

  3. Hello,I have to account with Spear Trade.I also have problems with them, I can not withdrawal my money,someone could tell me, how i get my money back.

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