Forex Brokers

Vector FX Trade (vectorfxtrade.com)

1.7 (13 reviews)
🇦🇺 Australia
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1.7
13 reviews
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About Vector FX Trade (vectorfxtrade.com)

Vector FX Trade (vectorfxtrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Sydney 2000 NSW Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: vectorfxtrade.com.

Customer Reviews

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A nightmare experience

M
Megan K.
6 days ago

I have been trying to close my account with Vector FX Trade (vectorfxtrade.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.

Pros: Full transparency|Transparent fees

Cons: No crypto staking|Help articles are sometimes vague

Accounting export broken

E
Emma I.
2 months ago

Vector FX Trade (vectorfxtrade.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.

Pros: Instant funding|Reliable uptime

Cons: Limited ETF selection

Platform crashes at the worst times

W
William Z.
3 months ago

I wanted to transfer my portfolio from another broker to Vector FX Trade (vectorfxtrade.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Automated trading options|Competitive fees|Demo account available

Cons: Currency conversion fee exists

Bait and switch tactics

R
Richard C.
3 months ago

I referred a friend to Vector FX Trade (vectorfxtrade.com) 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: Quick verification|Fast support response|Good mobile app

Cons: Wish they had more educational resources

Regulator has warned about them

V
Victoria F.
5 months ago

I gave Vector FX Trade (vectorfxtrade.com) a fair chance. After since last summer of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.

Pros: Customizable dashboard|Demo account available

Cons: Email notifications too frequent

Referral bonus never received

Z
Zoe E.
5 months ago

After for about ten months with Vector FX Trade (vectorfxtrade.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Good analytical tools|Real-time alerts

Cons: None so far

False promises and poor execution

G
George N.
6 months ago

The so-called education at Vector FX Trade (vectorfxtrade.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.

Pros: Good analytical tools|Fast support response|Intuitive for beginners|Detailed reporting

Cons: Spreads widen during volatile periods|Limited demo account features

Education is just sales pitch

C
Christopher P.
8 months ago

I found Vector FX Trade (vectorfxtrade.com) after my brother mentioned them and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Low minimum deposit|Clean UI

Cons: Website design could be more modern

Death of account holder process unknown

C
Chloe S.
8 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Vector FX Trade (vectorfxtrade.com) is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Regular updates|Comprehensive tools

Cons: No integrated tax optimization

Promised returns that never came

I
Ian E.
9 months ago

The mobile app from Vector FX Trade (vectorfxtrade.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Multi-device support|Reliable uptime

Cons: Website design could be more modern|Limited demo account features