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No Regulation
Score
1.45 /10
Danger
SpectraFX
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.53
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: SpectraFX's official website: https://www.spectrafx.co/ is currently inaccessible normally.
| SpectraFXReview Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | Not regulated |
| Market Instruments | 80 major and exotic currency pairs |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 1.2 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $5 |
| Customer Support | Email: info@spectrafx.co |
| Address: 76 Blenheim Road, Cheadle Hulme, Cheshire, UNITED KINGDOM, SK8 7BA | |
SpectraFX is an unregulated broker, claiming to offer over 1100 trading instruments including 80 major and exotic currency pairs with leverage up to 1:1000 and quite low minimum deposit requirement of only $5.
Pros and Cons
| Pros | Cons |
| Popular trading platform MT5 | Lack regulation |
| Low minimum deposit on the Micro account | Limited trading asset classes |
| Unavailable website | |
| Limited contact methods | |
| Lack of transparency |
Is SpectraFX Legit?
No, SpectraFX.co is not regulated by any financial authorities currently. Traders should be careful when trading.
What Can I Trade on SpectraFX?
SpectraFX claims to offer over 1100 trading instruments, including 80 major and exotic currency pairs. Other popular trading asset classes like commodities, indices, stocks and cryptocurrencies are not supported.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Metals | ❌ |
| Energies | ❌ |
| Cryptos | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Options | ❌ |
Account Type
SpectraFX offers three account types: Micro, STANDARD and ECN.
| Account Type | Minimum Deposit |
| Micro | $5 |
| STANDARD | $1000 |
| ECN | $5000 |
Leverage
SpectraFX's leverage is capped at 1:1000. Note that high leverage always earns more money, but also loses more money.
Spreads
The spread of SpectraFX varies by the accounts. The Standard account's spread starts from 1.2 pips, and the ECN account's starts from 0.5 pips.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ✔ | Desktop, Mobile and Web | Experienced traders |
Deposit and Withdrawal
SpectraFX supports deposits and withdrawals through e-wallets including Skrill, Neteller, PayPal, BitPay, FasaPay and UPay Card.
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