Spectre Group Limited Review: Group of Crooks Under Scrutiny

Trading with phony brokerage brands will result in nothing but loss. Another example of such rotten practice is described in the following Spectre Group Limited review.

Join us as we dive deep into the most common crooked strategies that financially entrap investors and make fund recovery exceptionally difficult. Help is still at hand, so contact us if you ever find yourself unable to get a payout.

Broker status:	Unregulated broker
Regulated by:	No license
Operating Status:	Active online trading fraud
Known Websites:	cfd.spectre-group-limited.com  spectre-group.limited
Blacklisted as a Scam by:	CNMV, FI, FSMA, ATVP, FSC
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2024
Online Trading Platforms:	WebTrader
Mobile Trading:	No
Minimum Deposit:	$250
Deposit Bonus:	No
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, LTC
Available Trading Instruments:	Forex, Crypto, Commodities, Indices, Metals, Stocks
Maximum Leverage:	1:100
Islamic Account:	No
Free Demo Account:	No
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Instead of risking financial ruin, it is better to altogether avoid this platform and choose a better regulated company.

Nameless Entity

The Spectre Group Limited broker doesn’t belong to a known business entity. It is unclear if the company even exists, considering that not even its name is displayed on the site. There is also no contact information available, including a phone number, address or registration, not to mention a brokerage license.

Consequently, such firms quickly get into the regulatory spotlight, which results in warnings, in this case, published by CNMV and reposted by FSMA, FI, ATVP, and FSC. Mentioned documents clarify that the company doesn’t own a mandatory license to promote and sell online investment services.

As such, this fraudulent platform doesn’t enable the segregation of deposits, negative balance protection, or transparent transfers.

Promotes Faux AI Technology

The main feature these con artists and their boiler room agents advertise is the alleged AI automated trading solution. The software is supposed to be based on advanced artificial intelligence that scans the markets and makes all the right moves.

In such scenarios, traders don’t even have to move a finger, and their deposit multiplies. But such technology doesn’t exist, and everything these schemers sell is smoke and mirrors. Unfortunately, for Forex novices and crypto enthusiasts, these solutions seem like an easy way into the online trading world so they are most likely to fall for the trap.

Who Gets Defrauded

The sham has been operational since 2024. It’s been less than a year since their website went live, yet regulatory bodies are already receiving multiple complaints. The vast majority of them come from traders residing in these EU countries:

• Spain
• Germany

Whenever you feel like your funds are stuck, and your broker is denying you withdrawals, you should immediately get legal help. For that, our chargeback experts are always at your service, so contact us at your convenience.

Also, don’t forget to be wary of shady websites with no client feedback. The fact that this firm operates under the radar explains why you won’t be seeing any Spectre Group Limited reviews online.

Where’s the Magic?!

As soon as we registered for an account, we were redirected to the trading room and asked to invest. The disappointment was anticipated and the reason is the complete absence of any AI-powered software.

The Spectre Group Limited scam only promotes this Autotrader option, which is nothing but bogus technology powered only by the con’s thirst for money. Numbers displayed are purely artificial, as swindlers tend to alter the platform and control it the way they see fit.

What to Trade

Although we strongly disagree with this idea, if you do decide to attempt to invest on this portal, there are several instruments groups available for trading:

• Forex – EUR/USD, USD/GBP, USD/JPY
• Stocks – 3M, H&M, Alcoa
• Crypto – BTC, ETH, LTC
• Indices – CAC40, DAX, Hang Seng
• Commodities – Coffee, Wheat, Brent
• Metals – Silver, Gold, Platinum

Packages Offered

Without providing anything particularly useful when it comes to features and tools, the broker still charges some unreasonable sums for each account type:

• Standard – $250
• Bronze – $2.500
• Silver – $10.000
• Gold – $100.000
• Platinum – $500.000
• Vip – $1.000.000

As is painfully evident, almost every fraudulent platform promotes exceptionally expensive accounts, yet all allegedly feature bonuses, guaranteed profits, and signals. At that, the packages are usually named similarly, too.

Actual Costs Unknown

It goes without saying that licensed online trading service providers are obligated to be transparent with their costs. This includes trading parameters and commissions, but also inactivity fees, account maintenance tax and payout costs. This apparently doesn’t apply to the Spectre Group Limited trading fraud.

There is some clarification on leverage (up to 1:100) and spreads (2.9 pips -1.5 pips). However, all other important details about charges are missing. We’re particularly worried about withdrawal costs. You see, these usually come up when a client requests a payout, and they have the purpose to prevent any transaction.

Shady Payout Channels

The user area shows the following transfer channels as support for a Spectre Group Limited withdrawal:

• Bank wire
• Crypto
• Credit card

However, when we explored deposit options, we found cryptocurrencies as the only accepted transaction method. BelleoFX is another dubious company that urges its clients to deposit in digital cash. This is done by cons in order for them to keep being anonymous and prevent their victims from filing charges.

Therefore, please consider investing with none other than the best-regulated, transparent brokers.

Recovery is Possible!

Various cases of unscrupulous online Forex providers like CG Markets show us that faux trading platforms are only made for the purpose of defrauding retail traders. Therefore, don’t feel shame or doubt when you should ask for help.

Stolen financial resources are not easy to recover, especially when you lack legal help and advice. That’s why we strongly advise you to get in touch with our chargeback team and start your recovery today!