Score

1.39 /10
Danger

Vectra Forex

Saint Vincent and the Grenadines

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index6.07

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

Vectra Forex

Company Abbreviation

Vectra Forex

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Company summary

Pyramid scheme complaint

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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

Pyramid scheme complaint
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Vectra Forex · Company summary

GENERAL INFORMATION

Vectra (vectraforex.com) is an offshore broker without any kind of regulation on its activities. The savvy traders among you will know what that means – the broker is up to no good. And indeed, with a malicious set of legal documentation and its headquarters in an offshore scam haven, it seems nothing good could come from trading with Vectra. Of course, the brokers trading conditions include a dangerous amount of leverage as well – even ignoring its regulatory issues, we cannot recommend trading with Vectra.

Vectra is not licensed in any capacity. St. Vincent and the Grenadines is an infamous offshore scam haven that is populated by scammers of all sorts. These companies are not licensed, because the government of St. Vincent does not regulate the countrys Forex markets. This means such brokers are incredibly dangerous – make sure you avoid them at all costs!

ACCOUNT AND LEVERAGE

Vectra forex offers two trading account each with different minimum deposit.

Vectra Standard

MetaTrader 4

$15 Min. Deposit

• 0.01 Minimum Lot

• Spreads From 1.8 Pips

• 24/7 Support

Vectra Sapphire

MetaTrader 4 RAW

$50 Min. Deposit

• 0.01 Minimum Lot

• Spreads From 0.1 Pips

• Education Centre

• 24/7 Support

• $6 USD/Lot Trade Commission

Vectra provides access to a leverage of up to 1:1000 to all of its clients. Retail clients are banned from making use of such amounts, however, as they are unsafe to them. The majority of brokers that still offer them to such clients nowadays are offshore firms like Vectra so be careful if you are offered such an amount.

As for spreads, Vectra has them at 0,1 pips for FX majors like the EURUSD, which is acceptable, but the broker is still unlicensed and dangerous.

TRADING INSTRUMENTS

Also no information regarding the tradeable assets on offered by the broker. But as know, the most popular trading instruments are: Forex, metals, cryptocurrencies, commodities, stocks and more.

TRADING PLATFORM

Vectra offers access to a distribution of Metatrader 4 . MT4 is an industry standard and a lot can be said about the benefits of trading with it. However, brokers like Vectra are best avoided in fact, some of them are actually not even trading your funds! The money is lining the pockets of the broker and the trading activity on the platform is entirely made up! Stay away from unlicensed brokers and stick to one that are able to prove they are legitimate, and also provide you with a good platform like MT4!

DEPOSIT AND WITHDRAWAL METHOD

The broker accepts deposits via credit cards and cryptocurrencies, with a minimum deposit of $30.

Crypto payments are becoming more and more popular, among brokers and their clients alike. However, while there are some advantages of these payments, there are also some significant pitfalls that make them best used with trusted brokers.

CUSTOMER SERVICE

Customer support is a crucial factor that makes a new customer into a loyal and long-term customer. As the world of trading is speedy, an investor needs proper customer support from their brokers to execute orders at the right time to avoid any potential losses. The brokers' responsibility is to be active on live chats, E-mails, helpline numbers, and discussion forums.

Regrettable to say this broker doesn't provide any email or phone number for their clients to make enquiries, which is also another red flag. The only option available is online chat or a form to fill Requesting for a call back.

News

ExposureWikiFX Review: Something You Need to Know about Vectra Forex

WikiFX has made a comprehensive review of a broker called Vectra Forex. Is this broker reliable? Let's find it out.

WikiFX
2023-03-02 17:48
WikiFX Review: Something You Need to Know about Vectra Forex

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漫步前行
more than one year
Very good online and contact services. Vectra Forex got me started with a low minimum deposit, and good customer support via access to live chat, so I felt really supported.
Very good online and contact services. Vectra Forex got me started with a low minimum deposit, and good customer support via access to live chat, so I felt really supported.
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2023-02-27 14:39
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好神奇~
more than one year
Had an issue with my request payout, spoke to Vectra Forex support team members and dealt with the issue honestly and without hesitation. They just got straight to the point and solve the issue, great experience.
Had an issue with my request payout, spoke to Vectra Forex support team members and dealt with the issue honestly and without hesitation. They just got straight to the point and solve the issue, great experience.
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2022-12-16 14:53
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