category: Unregulated Brokers

Is StarkMarkets Scam or Legit Broker?

No, it is not safe to trade with StarkMarkets as it is not regulated. Starkmarkets.com is operated by Krisimark Ltd, Registration number 206066758, a Company duly incorporated in the Republic of Bulgaria, EU. 

Despite the broker’s claims of being located and regulated in Bulgaria, we could not find any proof or mention of this broker in the register of the Bulgarian Financial Supervision Commission. 

What Is StarkMarkets?

StarkMarkets is a financial services provider, offering a selection of more than 70 financial assets such as Forex and CFDs to traders from almost all around the globe. 

In general, StarkMarkets has a questionable reputation due to its hidden fees and lack of regulation. The broker was previously owned by the company that was blacklisted by EU regulators multiple times. Most probably it was the reason they changed the company behind the brand’s name, however, it is still dangerous to invest in this firm. 

Moreover, the broker has been blacklisted by at least two regulators:

• “The FMA recommends exercising caution before dealing with StarkMarkets and https://starkmarkets.com. It is not a registered company or financial service provider in New Zealand. We are concerned that it has the hallmarks of a scam.”

New Zealand, FMA.

• “We are aware that StarkMarkets accepted funds from a British Columbia (BC) resident. StarkMarkets is not registered to trade in, or advise on, securities or derivatives in BC. We urge BC residents to exercise caution when dealing with firms that are not registered to trade or advise in BC.”

Canada, BCSC.

StarkMarkets Review Conclusion

We advise all investors and traders to avoid StarkMarkets and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

• Overall ranking and experience for StarkMarkets is Negative

StarkMarkets Update

We found the StarkMarkets website inactive and unavailable to reach. This means the broker no longer operates. However, it is best to avoid and stay alert in case any proposals show up.

Is Fx Option Trade247 Scam or Legit Broker?

Fx Option Trade247 is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

• It is not safe to trade with Fx Option Trade247, as it is an offshore broker. Fx Option Trade247 is owned and operated by EXPERT Ltd, located in Seychelles.
• The point is that Seychelles offers an easy process of financial or investment firm establishment, through a very low list of requirements, small budgets and what is more crucial with no strict supervision of the brokers' operation or history. For that reason, offshore zones attract vast non-scrupulous or shady brokerages such as Hugo’s Way, Prime XBT that aim to attract clients, to grab their funds and disappear.

What is Fx Option Trade247?

Fx Option Trade247 offers a selection of 250 underlying assets from four different classes including Currency Pairs, Commodities, Indices or Treasuries. The broker claims to provide the industry leading platforms along with the advanced charting tools and indicators to help its clients manage the risk and better determine price direction. However, there are a few concerns about the brokers regulation (The Best Brokers for Forex).

• It gets really confusing when it comes to the broker’s regulations. Fx Option Trade247 claims to be regulated by multiple regulators all around the world, however, the registration details state they belong to another broker, BDSwiss, a regulated entity that has no association with Fx Option Trade247. 

• As proof to all said above there is a warning from the Cyprus regulator CySEC (Check out the CySEC regulated TriumphFX broker):

  “The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform investors that the following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities.”

Fx Option Trade247 in India

Fx Option Trade247 has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Fx Option Trade247 in the USA

The United States is one of the countries that is not accepted by Fx Option Trade247. As per the U.S law, brokers regulated by CFTC are the only brokers allowed for the USA traders. So, except for Fx Option Trade247, you are only permitted to trade with the U.S regulated platforms.

Deposits & Withdrawals

Fx Option Trade247 works with a variety of payment service providers to ensure that you can choose from a wide range of deposit methods in your country. You can always make a deposit via credit card or bank transfer.

• Normally the minimum deposit required is 200€/$/£.
• When opening your trading account, you can select your desired currency. You can choose between EUR (€), USD ($), GBP (£), PLN (zł), DKK (kr), SEK (kr), NOK (kr) and CHF (Fr.).
• The minimum withdrawal amount is €10 / $10 / £10. This is in most cases processed free of charge. The following exceptions exist: The customer has not invested (traded) their deposited amount at least once. The customer has more than €100 / $100 / £100 in their trading account and would like to withdraw less than €100 / $100 / £100. In these situations, a withdrawal fee of 5% of the withdrawal amount (minimum €25 / $25 / £25) will be applied.

Demo Account

Fx Option Trade247 does offer a Forex / CFD "Demo Account". Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option.

Fx Option Trade247 Review Conclusion

We advise all investors and traders to avoid Fx Option Trade247. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

• Overall ranking and experience for Fx Option Trade247 is Negative

Fx Option Trade247 Update 

Based on our findings, Fx Option Trade247  website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case any proposals. 

Is TraderKing Scam or Legit Broker?

No, it is not safe to trade with TraderKing as it is an offshore broker. The broker is owned and operated by a group of companies which have included Lotens Partners LTD, company registration number: 25471 and registered address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent, and the Grenadines.

• However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company's operation. That means, the broker is not regulated, not overseen, and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets, and more. Read more about St. Vincent and the Grenadines regulation by the link.

What is TraderKing?

TraderKing claims to be a reliable global CFD and Forex broker. The broker offers a wide range of tools with over 100 trading instruments, including currency pairs, metals, CFDs, oil, indices, and cryptocurrencies. They also provide clients with a wide range of desktop, web, and mobile trading platforms, including MetaTrader 4. 

• Despite an offshore location, the broker somehow provides the UK contact number which got us to question its regulation. It turned out the broker is not regulated in the UK. Moreover, the UK’s Financial Conduct Authority has warned against TraderKing:

  “Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized by us. This firm is not authorized by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization.”

• Considering all the facts above it is safe to say TraderKing is not regulated and has no legal rights to offer financial services. 

TraderKing Review Conclusion

We advise all investors and traders to avoid TraderKing and other unregulated brokers (See Unregulated Forex Brokers List). The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Cyprus and reliable brokers such as FP Markets and Alpari.

TraderKing Update

Based on our findings, TraderKing website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

Is AMarkets Scam or Legit broker?

AMarkets is not one of the secure Forex Brokers since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company since it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

• It is not safe to trade with AMarkets as it is an offshore broker. AMarkets is registered by the Financial Services Authority (FSA) of Saint Vincent, registration No. 22567 IBC 2015. AMarkets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.

What is AMarkets?

AMarkets is a Forex and CFDs broker that provides trading through the MT4 and MT5 trading platforms. Providing brokerage services in the CIS countries, Asia and Europe, AMarkets focuses on offering high-quality services and comprehensive support to its clients and partners.

• However, in terms of regulation AMarkets is not safe at all. The fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company operation. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets, and more. Read more about St. Vincent and the Grenadines regulation by the link.
• According to the website, AMarkets is a Member of the Financial Commission, which settles disputes between financial market participants, and protects each of our clients with the Commission’s compensation fund, for up to 20 000 EUR per case. Even though FinaCom is a well-respected organization, it is a self-regulatory organization that cannot guarantee the safety of the trading environment and does not regulate the daily operations of the company, therefore can’t provide necessary protection to the client.

Overall AMarkets Ranking 

Our research showed multiple issues in respect of the regulation and reliability of AMarkets, we do not rank positively AMarkets, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

• AMarkets Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

AMarkets Alternative Brokers

Based on the AMarkets safety and regulations issues we found during our research, we suggest much better Alternatives to AMarkets with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below: 

• Dukascopy –  Excellent for Shares, Futures Trading
• XM – Broker with Low Minimum Deposit
• Interactive Brokers – Good for Stock Trading

AMarkets in India

AMarkets has no mention of complying with any Indian regulators on its website. The broker does not hold any license from the regulatory body in India. This means, that the investments with the broker might be at risk. 

AMarkets in the USA

The United States is one of the countries that is not accepted by AMarkets. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for AMarkets, you are only permitted to trade with the U.S-regulated platforms.

Deposits and Withdrawals

The minimum deposit to start trading is $100/€100. To be able to fund your trading account, you have to complete the identity verification (Also read about Fortrade minimum deposit). 

• AMarkets does not charge any additional commission on withdrawal in its favor. When withdrawing funds from your account, you only pay transaction fees charged by the payment system. The payment system might also deduct the fixed commission on withdrawal.
• The broker offers the following payment methods: VISA, MasterCard, Bank Transfer, ADVcash, Skrill, WebMoney, Perfect Money, FasaPay, Neteller, and TopChange. 

Apps

AMarkets offers its traders MT4 Mobile and MT5 trading options for both iOS and Android. With smartphones, forex traders no longer need to be tied up to their desks, spending hours watching their trading screens. Instead, they can monitor the markets through their mobiles whenever they are. Mobile trading with MT4 allows you to have complete control over a trading account and trade from anywhere 24/5.

• The MetaTrader 5 (Check the best MT5 brokers here) custom trading app condenses the core features of the desktop platform into a simple and user-friendly smartphone interface. Trade on the go in your iOS or Android device and access current price quotes, analyze data with customizable candlestick and line graphs with the tap of a finger.

Demo Account 

AMarkets offers a demo account so you can try the AMarkets platform with virtual trading before you put down a payment. A demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. Also, check FBS Broker Review which offers a Demo account.

AMarkets Review Conclusion

Even though the trading offering might seem attractive, in our opinion, you may find something more interesting among the regulated brokers. But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. For that reason, we would advise choosing the broker more carefully and checking its regulation status first. The reputable firms that hold FCA, FINMA, or other licenses are established by international standards, protecting clients at every step and even compensating the trader in case things go wrong with the company. Thus, sign in with reliable brokers, such as  Pepperstone and TMGM.

• Overall ranking and experience for AMarkets is Negative

Is LionsFM Scam or Legit Broker?

No, it is not safe to trade with LionsFM, as it is an offshore company. LionsFM is owned and operated by EQUAL TARGET LTD. company with number 101932, incorporated in the Republic Of The Marshall Islands.

• In fact, the Marshall Islands is an offshore zone attracting various firms that for one reason or another escape from serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors' investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.

What is LionsFM?

LionsFM claims to have more than 10 years of experience in trading, with low-risk assets and expedient advice. They offer access to the global forex trading market, with intuitive platform options, including the award-winning Trading Station.

• Moreover, the broker has been blacklisted by the Austrian regulator FMA: 

“LionsFM is not entitled to carry out banking transactions in Austria that require a license. The provider is therefore not permitted to trade on a commercial basis.”

• The pages and official sources of the international regulators’ list alert are shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As LionsFM got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

LionsFM Review Conclusion

We strongly advise all investors and traders to avoid LionsFM and other brokers from the Marshall Islands. The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and eToro.

LionsFM Update

Recently the LionsFM website remains inactive, meaning the broker has muted its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals. 

Is WDC Markets Scam or Legit Broker?

No, it is not safe to trade with WDC Markets as it is not regulated. WDC Markets is owned by FTG Solutions LTD (Registered number: 1994899), First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands and operated from Tornimae 5, Tallinn, 10145, Estonia.

• The BVI FSC is known for its light-touch regulation and very loose requirements that brokers do not try to comply with. Although the firm is licensed, BVI regulation is not enough to provide financial services in, for example, the UK.

What is WDC Markets?

WDC Markets claims to be a leader in financial markets brokerage including Forex, CFDs, and Indices. The broker provides its clients with a wide variety of markets and instruments, as well as a range of expert services, resources, and advice.

• However, we couldn’t find any information about this broker in the register of the Estonian Financial Supervision and Resolution Authority, which only proves that WDC Markets lacks regulation.
• Moreover, the broker has been blacklisted by two regulators. 

New Zealand, FMA:

“We are concerned that WDC Markets and the website https://wdcmarkets.com are withholding client funds and may be operating a scam. WDC Markets is not a registered financial service provider and is unable to offer financial services/products to New Zealand residents. As such, we recommend exercising caution when dealing with this entity.”

Spain, CNMV:

“WDC Markets is not authorized to provide the investment services, which include investment advice, nor to provide the auxiliary in relation to the financial instruments, including, for those purposes, foreign currency transactions.”

• The pages and official sources of the international regulators’ list alert are shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As WDC Markets got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authorities.

WDC Markets Review Conclusion

We advise all investors and traders to avoid WDC Markets and other unregulated brokers (Check out Fake Forex Brokers List in Nigeria). The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.

WDC Markets Update

Based on our findings, the WDC Markets website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

Is Royaltd24 Scam or Legit Broker?

No, it is not safe to trade with Royaltd24, as it is an offshore company. Royaltd24 is the Company, operated by RL Ltd., Marshall Islands.

• The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost being low, it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as CobraCFD, GoldenSkyCapital, and more. As we already know, offshore registration usually doesn’t guarantee the safety of funds and clients’ protection, especially in the Marshall Islands, where the local authority doesn’t regulate forex businesses. 

What is Royaltd24?

Royaltd24 claims to have been founded in 2011 by a group of economists in the global financial markets. Royaltd24 offers its investors trading with Forex and CFDs and a leverage of up to 1: 200. The clients can trade with fixed and variable spreads (Also read about zero spread forex brokers here), which are among the lowest in the industry, starting from just 0.1 on ECN accounts (Find ECN Trading Platform for you) and 0.5 on Standard accounts.

• Moreover, Royaltd24 has been blacklisted by the Italian regulator CONSOB:

“CONSOB  availed itself of the powers deriving from the “growth decree” regarding the blackout of the sites (including RL Ltd (website www.royaltd24.net) of abusive financial intermediaries, as well as the new power introduced by Law no. 8 of 28 February 2020, regarding the blackout of the site through which the abusive bid is made.”

• The pages and official sources of the international regulators' list alert are shared with the authority directly or by other countries' supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As Royaltd24 got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.

Royaltd24 Review Conclusion

We strongly advise all investors and traders to avoid Royaltd24 and other brokers from the Marshall Islands. Very often offshore or unregulated brokers run investment spam, thus it is wiser to avoid them and choose a reliable broker. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and eToro.

Royaltd24 Update

Recently the Royaltd24 website remains inactive, meaning the broker has muted its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals. 

Is RoyalsFX Scam or Legit Broker?

It is not safe to trade with a Forex broker RoyalsFX, as it is an unregulated firm. The broker does not provide the company behind the brand’s name and claims to be located in Geneva, Switzerland. However, the terms and conditions on the website state that RoyalsFx is under Estonian Governing laws. Despite all these claims, we were not able to find proof of the broker’s regulation and there are no mentions of this firm in the registers of the local regulators.

What is RoyalsFX?

RoyalsFX claims to be an innovative online trading brokerage firm, providing traders from across the globe the possibility to trade and profit from the global financial markets. RoyalsFX was established by highly enthusiastic financial market veterans, committed to encouraging people worldwide to practice trading and investing independently while providing complete access to a vast number of top-class financial assets from all 4 major markets. The broker provides its clients with more than 1,000 top-class financial assets from 4 major markets and 3 trading instruments (CFDs, FX).

• Moreover, the broker got blacklisted by one of the most reputable regulators the Financial Conduct Authority in the United Kingdom: 

  “Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized by us. This firm is not authorized by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization.”

• Considering all the facts above it is safe to say RoyalsFX is not regulated and has no legal rights to offer financial services. 

RoyalsFX Review Conclusion

We advise all investors and traders to avoid RoyalsFX and other unregulated brokers (See our Forex scammer List). The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Cyprus and reliable brokers such as FP Markets and Alpari.

RoyalsFX Update

Recently the RoyalsFX website remains inactive, meaning the broker has muted its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals. 

Is Spectre Scam or Legit Broker?

Spectre is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority.  Spectre Trading Ltd is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 25113 IBC 2018.

• However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements for the company's operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets and more. Read more about St. Vincent and the Grenadines regulation by the link.

What is Spectre?

Spectre is an Asian financial online trading platform that allows traders to trade at a high frequency with low risk in the financial markets. By utilizing cutting-edge, crowd-sourced technology, Spectre matches traders against an embedded liquidity pool or other traders on the Spectre trading platform. Uniquely, it offers the ability for traders to earn up to 100% of returns (average 73%) ROI on just 1 trade within minutes (and even seconds).

One of a range of applications using an autonomous liquidity pool (DALP), Spectre was created with the vision to allow for fraud-free retail trading. Spectre.ai allows for the synthetic (no underlying ownership) of a range of asset classes, whether currencies, stocks, bonds, ETFs, indices, Epic and many more. Digital Contracts and CFDs, the unique contract types in the platform, can be taken by traders on a broad range of assets.

• In any case, we never advise trading with an offshore or non-licensed broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

Overall Spectre Ranking 

Taking into consideration our revelations on the safety and regulations issues of Spectre, we do not rank positively Spectre.  With an  Expert Opinion with over 10 Years of experience in Forex Trading we have come up with the following ranking:

• Spectre Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Spectre Alternative Brokers

As we found many issues regarding Spectre safety and reliability, here we offer much better Alternatives to Spectre with tight regulations and good conditions. We select Good Brokers and reliable options for your comparison below: 

• Trading 212 – Good for Beginner Traders
• FP Markets – Good for CopyTrading
• XTB – Good for CFDs trading

Spectre in India

Spectre allows Indian traders to open accounts and trade. However, Spectre has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Spectre in the USA

The US is among the countries that cannot register with Spectre (Find Best Forex Brokers in USA), along with Costa Rica, BVI, Caymans, Cyprus, Iran, Venezuela, Syria, Somalia, Saint Vincent & the Grenadines, North Korea, Yemen, Iraq, Puerto Rico, American Samoa, Guam, Northern Mariana Islands, US Virgin Islands.

Deposits & Withdrawals

For a regular account, the minimum deposit amount is $10.00 and the minimum trade size is $1.00. For a Wallet account where no deposits are needed, the minimum trade size is $50.00.

• Spectre does not charge fees for withdrawals. However, UPHOLD and the several payment solution providers may have their own associated fees when transacting via them.
• Payments methods available are: Skrill, Neteller, Bank transfer, Credit/debit cards, Uphold, PaySafeCard, UnionPay (China), Advcash (South America, Russia, Europe), FasaPay (Indonesia, Vietnam, Thailand and Malaysia), Help2pay (Malaysia, Thailand, Indonesia and Vietnam).

Demo Account

Spectre offers demo accounts. All account types automatically include a risk-free demo account, which can be accessed inside your account forever. This completely free demo account requires no deposit and is pre-funded with unlimited virtual funds. It allows you to experience some risk-free trading to get you prepared for the real thing. No matter your trading level, Spectre.ai demo accounts are the perfect place to practice your skills and become a better trader without spending any of your own money.

Spectre Review Conclusion

Overall, there is no sustainable trust in the delivered Spectre trading environment since there are many complaints from the broker’s clients. So the downside of the Spectre would be also multiple negative reviews of this company and lack of decent regulation.

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

• Overall ranking and experience for Spectre is Negative