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Vectra Forex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://vectraforex.com/, about the company's legal and temporary regulatory information, the company's address 211 IFZA Building A3, Dubai Silicon Oasis, Premise Number: 626169721, Premise Type: Commercial, PO Box: 342001, Dubai, UAE.

Vectra Forex Forex Broker

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
Vectra Forex
Abbreviation
Vectra Forex
Company employee
--
Customer Service Email Address
support@vectraforex.com
Company Website
Company address
211 IFZA Building A3, Dubai Silicon Oasis, Premise Number: 626169721, Premise Type: Commercial, PO Box: 342001, Dubai, UAE
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

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.

Rating Index

Vectra Sapphire

Minimum Deposit
$ 50

Vectra Standard

Minimum Deposit
$ 15
How to login to Vectra Forex?
Vectra Forex Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially for beginners. This comprehensive guide will walk you through the processes of registering, opening an account, and logging into Vectra Forex. By

  

Vectra Forex Broker - Comprehensive Information Guide

  

1. Broker Overview

  Vectra Forex, officially known as Vectra Forex Limited, is an offshore forex broker that has been operational since 2021. The broker is registered in Saint Vincent and the Grenadines, a region known for its lenient regulatory framework, particularly in the financial services sector. Vectra Forex operates primarily as a private entity, catering to a diverse clientele that includes retail traders from various countries, with a notable presence in regions such as Malaysia, Indonesia, South Africa, Singapore, and the United States.

  Despite its relatively short history, Vectra Forex has made strides in establishing its business model, focusing on providing trading services in the forex market. The company offers a range of trading instruments, including forex pairs, CFDs, and cryptocurrencies, aiming to attract both novice and experienced traders. However, the lack of regulation raises concerns about its operational legitimacy and the safety of client funds.

  The broker's development has not been without controversy. Vectra Forex has faced scrutiny regarding its regulatory status and business practices, which have led to warnings from various financial watchdogs. The company's business model primarily revolves around retail forex trading, but it also claims to offer institutional services, although details on these offerings remain vague.

  

2. Regulation and Compliance Information

  Vectra Forex operates without any valid regulatory oversight. The broker does not hold licenses from any recognized financial authority, which poses significant risks to its clients. The Saint Vincent and the Grenadines Financial Services Authority does not regulate forex brokers, allowing firms like Vectra Forex to operate with minimal oversight.

  As of now, there are no official regulatory numbers associated with Vectra Forex. The lack of a regulatory framework means that there are no guarantees regarding the safety of client funds, as the broker does not adhere to client funds segregation policies or participate in investor compensation schemes. Furthermore, there are no established Know Your Customer (KYC) or Anti-Money Laundering (AML) compliance measures that are typically required by regulated brokers.

  Given this context, clients should exercise extreme caution when considering Vectra Forex for trading activities. The absence of regulatory supervision means that the broker could potentially engage in practices that may not align with the best interests of its clients.

  

3. Trading Products and Services

  Vectra Forex offers a variety of trading products, primarily focusing on forex currency pairs. The broker provides access to a selection of over 200 currency pairs, including major, minor, and exotic pairs. In addition to forex, Vectra Forex also offers Contracts for Difference (CFDs) across several asset classes, including:

  • Indices: A range of global stock indices.
  • Commodities: Including precious metals and energy products.
  • Cryptocurrencies: A selection of popular cryptocurrencies for trading.
  • Stocks: CFDs on various stocks from different markets.

  The broker claims to update its product offerings regularly, although specific details on new products or updates are not extensively provided. Vectra Forex caters primarily to retail traders, but it also mentions offering services to institutional clients, although there is limited information on this aspect. The broker does not appear to provide white-label solutions or asset management services, which may limit its appeal to professional traders.

  

4. Trading Platform and Technology

  Vectra Forex utilizes the widely recognized MetaTrader 4 (MT4) trading platform, which is known for its user-friendly interface and robust trading capabilities. The MT4 platform is accessible on both desktop and mobile devices, allowing traders to engage in trading activities seamlessly.

  •   Execution Model: Vectra Forex purportedly operates on an STP (Straight Through Processing) model, which is designed to provide direct access to the interbank market. However, the lack of regulatory oversight raises questions about the actual execution practices employed by the broker.

  •   Server Location: The broker's servers are reportedly located in the United States, which may affect the latency and speed of trade execution for international clients.

  •   API Access and Automated Trading: Vectra Forex supports automated trading strategies through the MT4 platform, allowing traders to utilize Expert Advisors (EAs) for their trading activities. However, the specifics of API access are not clearly outlined.

  Despite offering a reputable trading platform like MT4, the overall trading environment at Vectra Forex may not be as reliable due to its unregulated status, which could potentially impact the integrity of the trading experience.

  

5. Account Types and Trading Conditions

  Vectra Forex provides two primary account types for traders:

  • Vectra Standard Account:
    • Minimum Deposit: $15
    • Spread: From 1.8 pips
    • Commission: None
    • Minimum Lot Size: 0.01
    • Support: 24/7 customer support
    • Vectra Sapphire Account:
      • Minimum Deposit: $50
      • Spread: From 0.1 pips
      • Commission: $6 per lot traded
      • Minimum Lot Size: 0.01
      • Additional Features: Access to educational resources and 24/7 support.

        The leverage offered by Vectra Forex can go up to 1:1000, which is considerably high and poses significant risks for retail traders. Additionally, the broker does not provide clear information regarding overnight fees or swap rates, which are essential for traders planning to hold positions overnight.

        While the minimum deposit requirements are relatively low, the trading conditions, particularly the high leverage, may attract inexperienced traders who may not fully understand the associated risks.

        

      6. Fund Management

        Vectra Forex supports several deposit methods, allowing clients to fund their accounts through:

      • Bank Transfers
      • Credit Cards
      • Cryptocurrency Payments

        The minimum deposit requirement varies by account type, set at $15 for the Standard account and $50 for the Sapphire account.

      • Deposit Processing Time: The broker claims to process deposits quickly, although specific time frames are not provided.
      • Deposit Fees: There is no clear information on deposit fees, which may vary based on the payment method used.

        For withdrawals, Vectra Forex does not provide explicit details regarding the methods available or any associated restrictions. The processing time for withdrawals is also unclear, and clients have reported issues with withdrawal requests, a common concern with unregulated brokers.

        Given these factors, potential clients should be wary of the financial management practices at Vectra Forex.

        

      7. Customer Support and Educational Resources

        Customer support is a critical aspect of any trading platform, and Vectra Forex offers limited channels for assistance. Clients can reach out via:

      • Online Chat: A chat feature is available, but it often functions as a form submission rather than direct communication.
      • Email Support: Clients can send inquiries to support@vectraforex.com, although response times may vary.

        The broker does not provide a telephone support option, which may hinder immediate assistance for traders facing urgent issues.

        In terms of educational resources, Vectra Forex offers basic materials, including tutorials and market analysis, but the depth and quality of these resources are not well-documented. The absence of comprehensive educational tools may limit the learning opportunities for novice traders.

        

      8. Regional Coverage and Restrictions

        Vectra Forex primarily serves clients from various regions, with a significant user base in Southeast Asia and parts of Africa. However, the broker does not provide clear information regarding its regional offices or specific geographical limitations.

        There are indications that certain countries may be restricted from accessing Vectra Forex services, particularly those with stringent regulations against unlicensed brokers. Specific countries or regions where services are not available are not explicitly listed, but potential clients should verify their local regulations regarding forex trading.

        In conclusion, while Vectra Forex presents itself as a viable trading option, the lack of regulation, transparency, and potential risks associated with its operations warrant caution. Traders are encouraged to conduct thorough research and consider alternative options with established regulatory oversight for a safer trading experience.

        This comprehensive guide aims to provide potential traders with an objective view of Vectra Forex broker, highlighting essential aspects to consider before engaging with the platform.

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Latest Reviews

漫步前行

漫步前行

Malaysia

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.

Positive

2023-02-27

好神奇~

好神奇~

United Kingdom

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.

Positive

2022-12-16

Rian16448

Rian16448

Indonesia

I followed this broker from the RR Trader M1 telegram group and after I registered a 50$ deposit I was trading' the first thing went wrong when, Stop losing, I haven't stopped, I haven't stopped losing, I have stopped losing. 5M Flying from early open 1806.28 To 1815.01 all of a sudden!! And I opened Trading view and the candle match turned out to be different, at first I felt it was okay to lose but lost because of deliberate fraud, it was really bad, I asked for an explanation from this broker, why?

Exposure

2022-07-05

Vectra Forex

News

WikiFX Review: Something You Need to Know about Vectra Forex

Exposure WikiFX 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.

Vectra Forex Forex Broker has an overall rating of 1.43, Regulatory Index 0.00, License Index 0.00, Business Index 6.38, Software Index 4.00 Risk Control Index 0.00.
Vectra Forex