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).
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Italian regulator CONSOB blacks out five websites for offering unauthorized financial services as of April 26, 2024.
Italy’s Companies and Exchange Commission (CONSOB) has taken action to block access to five new websites offering financial services and products illegally.
The Commodity Futures Trading Commission (CFTC) recently took action against Darren Robinson and his Wyoming-based firm for orchestrating a fraudulent forex scheme, resulting in a hefty judgment of over $5.9 million in restitution and civil penalties.
Amidst an ongoing legal battle, Tristian Talbot and Harri Jean David Sawicki, reportedly overseeing Funded Engineer and its crucial website, face dispute resolution in Palm Beach County, Florida, over alleged contractual breaches following an FPFX audit revealing manipulative practices, triggering significant revenue losses and terminated agreements.