Trading Spear has been reported by the Australia regulator, the Australian Securities and Investments Commission (ASIC).
A closer look at Trading Spear
Trading Spear, at tradingspear.com, is a forex and trading firm also linked to the name Spear Capital Ltd. Australia’s regulator has warned that it may be providing financial services without authorisation. Its claimed licensing does not hold up to checking.
According to publicly available information, Trading Spear lists its website as tradingspear.com.
Did Trading Spear Take Your Money?
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Why it cannot be trusted
The red flags
Trading Spear says it is regulated by the Mwali International Services Authority in the Comoros, but no matching entity appears in that public database. It holds no licence from any major regulator, and users warn that once you deposit, the money slowly disappears. Withdrawal difficulties and fee excuses are common complaints.
Trading Spear and oversight
ASIC issued a warning against Trading Spear on 24 November 2025, noting it does not hold an Australian financial services licence and may not lawfully offer investments in Australia.
Recovering after Trading Spear
Avoid depositing with Trading Spear, refuse any fee demanded to withdraw, keep records, and request a free case review using the form above.