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SpectraFX

Item: SpectraFX
Rating: 1.44

China|2-5 years|

Suspicious Scope of Business|High potential risk|

https://www.spectrafx.co/

Website

Open Account Time Machine

Rating Index

Contact

info@spectrafx.co

https://www.spectrafx.co/

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!

Previous Detection : 2024-11-21

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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SpectraFX · WikiFX Survey

Benchmark	--
Maximum Leverage	1:500
Minimum Deposit	$5000
Minimum Spread	from 0.5 pips
Products	--

Currency	--
Minimum Position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Benchmark	--
Maximum Leverage	1:1000
Minimum Deposit	$1000
Minimum Spread	from 1.2 pips
Products	--

Currency	--
Minimum Position	--
Supported EA
Depositing Method	--
Withdrawal Method	--
Commission	--

Platform Capital Ratio

--%

-- --

100%

--%

100%

Fundamental Item(A)
Total Supplementary Items(B)
Debt Amount(C)
Non-Fixed Capital(A)+(B)-(C)=(D)
Relative amount of risk(E)
Market Risk
Transaction Risk
Underlying Risk

Capital
$(USD)

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SpectraFX · Company Summary

Note: SpectraFX's official website: https://www.spectrafx.co/ is currently inaccessible normally.

SpectraFXReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	80 major and exotic currency pairs
Demo Account	/
Leverage	Up to 1:1000
Spread	From 1.2 pips (Standard account)
Trading Platform	MT5
Min Deposit	$5
Customer Support	Email: info@spectrafx.co
Customer Support	Address: 76 Blenheim Road, Cheadle Hulme, Cheshire, UNITED KINGDOM, SK8 7BA

SpectraFX is an unregulated broker, claiming to offer over 1100 trading instruments including 80 major and exotic currency pairs with leverage up to 1:1000 and quite low minimum deposit requirement of only $5.

Pros and Cons

Pros	Cons
Popular trading platform MT5	Lack regulation
Low minimum deposit on the Micro account	Limited trading asset classes
	Unavailable website
	Limited contact methods
	Lack of transparency

Is SpectraFX Legit?

No, SpectraFX.co is not regulated by any financial authorities currently. Traders should be careful when trading.

What Can I Trade on SpectraFX?

SpectraFX claims to offer over 1100 trading instruments, including 80 major and exotic currency pairs. Other popular trading asset classes like commodities, indices, stocks and cryptocurrencies are not supported.

Tradable Instruments	Supported
Currency pairs	✔
Metals	❌
Energies	❌
Cryptos	❌
Indices	❌
Stocks	❌
Options	❌

Account Type

SpectraFX offers three account types: Micro, STANDARD and ECN.

Account Type	Minimum Deposit
Micro	$5
STANDARD	$1000
ECN	$5000

Leverage

SpectraFX's leverage is capped at 1:1000. Note that high leverage always earns more money, but also loses more money.

Spreads

The spread of SpectraFX varies by the accounts. The Standard account's spread starts from 1.2 pips, and the ECN account's starts from 0.5 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	✔	Desktop, Mobile and Web	Experienced traders

Deposit and Withdrawal

SpectraFX supports deposits and withdrawals through e-wallets including Skrill, Neteller, PayPal, BitPay, FasaPay and UPay Card.