Abstract:WikiFX has made a comprehensive review of a broker called Vectra Forex. Is this broker reliable? Let's find it out.
About Vectra Forex
Vectra Forex is a Saint Vincent and Grenadines-based forex broker offering a variety of financial instruments to its clients. Saint Vincent and the Grenadines is an attractive place for financial companies to operate through an offshore company. there is no sharp regulation or overseeing of the company operation implemented. The SVG broker can run its activity and accept forex payments through credit cards but is not overseen.
This brokers headquarters is Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
Account Types
Trading Platform
This broker uses MT4 as its main trading platform.
Regulation: Is Vectra Forex legit?
This broker is not regulated by any institution. Therefore, we do not consider this broker a regulated broker. WikiFX has marked this broker as “No License”. WikiFX also gives this broker a low score of 1.19/10.
Exposure
A trader from Indonesia claimed that the candle provided by the broker is fake.
Conclusion
WikiFX does not recommend people invest in an unregulated broker with a low score. WikiFX contains details of more than 40,000 global forex brokers, which gives you a huge advantage when seeking the best forex brokers. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link(https://www.wikifx.com/en/download.html).
Webull Canada introduces options trading, Advanced Order Types, and OTC market access, offering enhanced opportunities for investors.
OANDA introduces 350+ ETFs in the EU, enhancing portfolio diversification with commission-free trades and competitive trading conditions.
The main trading dashboard account of a trader for LQH Markets was completely deleted by a broker. The trader is not being offered any access to their funds or profits. This incident shows the risks of trading markets and brokers and the importance of protecting your funds without relying on any broker.
PrimeXBT launches stock CFDs on MetaTrader 5, offering shares of major U.S. companies with crypto or USD margin for enhanced multi-asset trading.