Vatee Pty Limited is a brokerage firm that provides forex, precious metals, and futures trading services to investors. The official website of Vatee Pty Limited is https://vateefx.com/, and the site supports Simplified Chinese, Traditional Chinese, and English languages. According to the Whois query, the domain name for the company's official website was registered on July 12, 2021, and it has been more than 2 years since the registration.
Company Background:
Information on the official website indicates that the company is registered and established in Vanuatu. However, there is no relevant registration information found on the official website of the Vanuatu Financial Services Commission (VFSC). Additionally, the Whois query for the domain name registration shows that the company's official website has been registered for over 2 years.
Account Registration:
Vatee Pty Limited's official website provides a registration link for investors to create real trading accounts. The registration process for a real account involves clicking on the "SIGN UP" button at the top right of the website, then providing the required information such as trading name, phone number, email, and password. The registration page for real accounts is available in Simplified Chinese, Traditional Chinese, and English. However, the official website does not provide a registration link for demo accounts.
Account Types:
Vatee Pty Limited offers two types of trading accounts: Standard Account and Zero Account. These accounts differ in terms of spreads, customer activities, and other aspects.
Trading Products:
The company provides trading services for forex, precious metals, commodities, and indices. The official website not only lists the specific trading products in these categories but also provides information on spreads, commissions, overnight interest rates, trading hours, and partial product margin ratios.
Margin Ratios:
Vatee Pty Limited's official website displays the highest margin ratio of 1:500 for investors, as shown in the "Account Types" section. Additionally, the margin ratios for some specific products are mentioned in the "Trading Products" section. However, the website does not provide information on the margin ratios for all products in forex, precious metals, commodities, and indices.
Trading Hours:
The official website of Vatee Pty Limited provides information on the trading hours for specific products in forex, precious metals, commodities, and indices.
Deposits and Withdrawals:
The company's official website offers information on deposits and withdrawals in the "FAQ" section of the Chinese version. This includes details on deposit and withdrawal methods, fees, processing times, and required amounts.
Trading Software:
Vatee Pty Limited provides MetaTrader4 (MT4) trading software, which supports desktop versions (Windows/MacOS) and mobile versions (IOS/Android). However, there may be issues with downloading and installing the Android version of the MT4 software in certain countries or regions.
Other Services:
The company offers additional services such as PAMM trading, market news, and educational training. However, the availability of these services differs across the Simplified Chinese, Traditional Chinese, and English versions of the website.
Regulatory Information:
According to the information on the official website, Vatee Pty Limited is regulated or authorized by the Vanuatu Financial Services Commission (VFSC). However, there is no relevant regulatory or authorization information found on the VFSC website related to this company.
Conclusion:
Vatee Pty Limited raises suspicions of potential fraud. While the official website provides detailed information about specific trading products, the registration and regulatory or authorization information displayed on the website cannot be verified on the VFSC website. Moreover, there are significant discrepancies in the content displayed on the Simplified Chinese, Traditional Chinese, and English versions of the website. Based on these observations, there are concerns about potential fraud, and investors are advised to exercise caution when considering the services of this company. TraderKnows reminds you to be vigilant about the safety of your assets and to avoid falling into fraudulent traps.
