General Information
Vectra (vectraforex.com) Is An Offshore Broker Whose Activities Are Not Regulated In Any Way. The Savvy Traders Among You Will Know What This Means - The Broker Has Bad Intentions. In Fact, There Seems To Be Little Benefit To Trading With Vectra Due To A Malicious Set Of Legal Documents And Its Headquarters In An Offshore Scam Paradise. Of Course, The Broker's Trading Conditions Also Include Dangerous Leverage - Even Ignoring Its Regulatory Issues, We Do Not Recommend Trading With Vectra.
Vectra Is Not Licensed In Any Capacity. Saint Vincent And The Grenadines Is A Notorious Offshore Scam Haven With All Kinds Of Scammers. These Companies Are Not Licensed Because The Government Of St. Vincent Does Not Regulate The Forex Market In The Country. This Means That Such Brokers Are Very Dangerous - Be Sure To Avoid Them At All Costs!
Accounts And Leverage
Vectra Forex Offers Two Trading Accounts, Each With A Different Minimum Deposit.
Vectra Standard
MetaTrader 4
Minimum $15 Deposit
• 0.01 Minimum Lots
• Spreads From 1.8 Pips
• 24/7 Support
Vectra Sapphire
MetaTrader 4 Original
Minimum $50 Deposit
• 0.01 Minimum Lots
• Spreads From 0.1 Pips
• Education Center
• 24/7 Support
• 6 USD/lot Trading Commission
Vectra Offers Leverage Of Up To 1:1000 To All Its Clients. However, Retail Clients Are Prohibited From Using These Amounts As They Are Not Safe For Them. Most Brokers That Still Offer These Services To Such Clients Today Are Offshore Companies Like Vectra, So Please Be Careful If You Are Offered Such Amounts.
As For Spreads, Vectra Has A Spread Of 0.1 Pips Against Major Forex Currencies Like EURUSD, Which Is Acceptable, But The Broker Is Still Unlicensed And Dangerous.
Trading Tools
There Is Also No Information About The Tradable Assets Offered By The Broker. But As We All Know, The Most Popular Trading Tools Are: Forex, Metals, Cryptocurrencies, Commodities, Stocks And Many More.
Trading Platform
Vectra Provides Access To The Metatrader 4 Distribution. MT4 Is An Industry Standard And There Are Many Benefits To Using It For Trading. However, It Is Actually Better To Avoid Brokers Like Vectra, Some Of Whom Don't Actually Even Trade Your Funds! Money Fills The Pockets Of Brokers And The Trading Activity On The Platform Is Completely Made Up For! Stay Away From Unlicensed Brokers And Insist On Choosing Brokers That Can Prove Their Legitimacy And Provide You With A Great Platform Like MT4!
Deposit And Withdrawal Methods
This Broker Accepts Deposits Via Credit Card And Cryptocurrency With A Minimum Deposit Of $30.
Crypto Payments Are Becoming Increasingly Popular Among Brokers And Their Clients. However, While These Payments Have Some Advantages, There Are Also Some Significant Flaws That Make Them Best Used With A Trusted Broker.
Client Server
Customer Support Is A Key Factor In Making New Customers Loyal And Long-term Customers. Since The Trading World Is Changing Rapidly, Investors Need The Broker To Provide Proper Customer Support In Order To Execute Orders At The Right Time To Avoid Any Potential Losses. It Is The Broker's Responsibility To Remain Active On Live Chat, Emails, Helpline Numbers And Forums.
Unfortunately, This Broker Did Not Provide Any Email Or Phone Number For Its Customers To Make Inquiries, Which Is Also Another Red Flag. The Only Available Options Are Live Chat Or Filling Out A Form To Request A Call Back.
