Vatee Spreads, leverage, minimum deposit Revealed

　　Note: For some unknown reason, we cannot open Vatees official sites (https://www.vateeforex.com, https://www.vateefx.com/en/home-en/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

　　General Information & Regulation

　　Vatee, a trading name of Vatee Global Limited, is allegedly a forex and CFD broker founded in 2013 and registered in Australia that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 and variable spreads from 0.0 pips on the MetaTrader4 for Windows, iOS and Android trading platforms, as well as a choice of two different live account types and 24/5 customer support service.

　　As for regulation, it has been verified that Vatee is regulated by Australia Securities & Investment Commission (ASIC). That is why its regulatory status on WikiFX is listed as “Regulated” and it receives an average score of 6.02/10.

　　Market Instruments

　　Vatee advertises that it offers access to a wide range of trading instruments in financial markets, including CFDs on forex, precious metals, commodities, indices, cryptocurrencies and stocks.

　　Account Types

　　Vatee claims to offer two types of trading accounts, namely STD and ECN Raw. However, the broker says nothing about the minimum initial deposit requirement to open an account.

　　Leverage

　　The leverage provided by Vatee is capped at 1:400. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Spreads & Commissions

　　Vatee claims that different account types can enjoy quite different spreads and commissions. Specifically, clients on the STD account can experience spreads from 1.7 pips and $0 commission, while the ECN Raw holders can enjoy spreads from 0.0 pips and $8.5 commission.

　　Trading Platform Available

　　The platform available for trading at Vatee is the industry-standard MetaTrader4 for Windows, iOS and Android. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

　　Deposit & Withdrawal

　　Vatee says to work with numerous means of deposit and withdrawal choices, consisting of Skrill, Visa, MasterCard, Bank Transfer, Neteller, UnionPay, Tether and PayPal. The minimum initial deposit requirement is said to be only $1, while there is no mention of what the minimum withdrawal amount is. There is no deposit fee charged, while $25 for Bank Transfer withdrawals and 2% for the first transaction on other withdrawal methods. As for the processing time of deposit and withdrawal requests, it takes 3-5 business days on Bank Transfer deposits, within 1 hour on UnionPay deposits and instant on other deposits; while the withdrawal processing time depends.

　　Customer Support

　　Vatees customer support can be reached by telephone: +678 22880, email: info@vateefx.com. Company address: 189 Kent Street, Sydney.

　　Risk Warning

　　Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.