Sprectral Investment (sprectralinvestment.org) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: sprectralinvestment.org.
What really bothers me about Sprectral Investment (sprectralinvestment.org) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a friend recommended them and I fell for the polished exterior. Never again.
Pros: Excellent charting|Personal attention|Copy trading available|Great customer service
Cons: No live chat on mobile|Search feature is basic
Sprectral Investment (sprectralinvestment.org) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Multi-currency support|API access|Quick verification|Responsive team
Cons: Desktop app not available on Linux
After since last summer with Sprectral Investment (sprectralinvestment.org) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Reliable uptime|Copy trading available
Cons: Currency conversion fee exists
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Sprectral Investment (sprectralinvestment.org) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Quick verification|Intuitive for beginners
Cons: Alert system is basic