TradexSpectra has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.tradexspectra.com.
I referred a friend to TradexSpectra from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Regular platform improvements|Stable platform|Professional team
Cons: Minimum deposit could be lower|No live chat on mobile
My card was charged twice by TradexSpectra on the same day. I had to dispute it with my bank. TradexSpectra then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: High security standards|No hidden fees
Cons: No crypto staking
The spread at TradexSpectra is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Customizable dashboard|Reliable uptime|Smooth onboarding|Responsive team
Cons: Minor UI glitches occasionally|Minimum deposit could be lower
I had high hopes for TradexSpectra after a friend recommended them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Market news feed|Automated trading options|Fast support response|Good analytical tools
Cons: Wish they had more educational resources|Account statements could be more detailed
The onboarding at TradexSpectra was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Risk management tools|Personal attention
Cons: Limited ETF selection|Live chat only during business hours