SpectraFX

Note: SpectraFX's official website: https://www.spectrafx.co/ is currently inaccessible normally.

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

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.

Account Type

SpectraFX offers three account types: Micro, STANDARD and ECN.

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

Deposit and Withdrawal

SpectraFX supports deposits and withdrawals through e-wallets including Skrill, Neteller, PayPal, BitPay, FasaPay and UPay Card.