Disclosed is a cold formable spring steel wire excellent in cold cutting capability and fatigue properties, in which the steel wire satisfies given composition, has an average globular carbide particle size [√(ab)]:1.0 μm or less with aspect ratio (a/b, a: major axis of carbide, b: minor axis of carbide) being 2 or less, a ratio (area %) of the globular carbide in the steel: (0.1 to 3)×amount (mass %) of C in the steel, an amount (mass %) of Cr in the globular carbide: [0.4×amount (mass %) of Cr in the steel] or less, hardenability factor (Dic): between 110 mm and 450 mm, and tensile stress of 2000 MPa or more.