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For more information about Vectra Forex Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Offers low minimum deposit options ($15 for standard account, $50 for sapphire account) which can be appealing for new traders.
Provides access to the popular MetaTrader 4 trading platform, known for its user-friendly interface and extensive features.
Competitive spreads, with the sapphire account offering spreads from 0.1 pips, which may attract traders seeking low trading costs.

Cons

Completely unregulated, operating from an offshore jurisdiction, which raises significant concerns about fund safety and broker legitimacy.
High leverage options (up to 1:1000) can pose substantial risks to traders, particularly inexperienced ones, increasing the potential for significant losses.
Limited customer support options, lacking direct contact methods such as phone or email, which can hinder effective communication and assistance for traders.