According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $300
- MetaTrader4
- VFSC
Our Evaluation of Vatee
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Vatee is a moderate-risk broker with the TU Overall Score of 5.1 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Vatee clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Vatee offers market average conditions with a demo account and two live account types. The minimum deposit requirements are rather high. Average spreads without trading fees apply to the Standard account, while the Zero account offers spreads starting from 0 pips with additional fees. The broker’s asset pool is diverse and the available leverage is acceptable. The Vatee website provides basic educational materials and the latest news, however, there is no economic calendar, calculator, or any other trading tools. Another disadvantage is that only MT4 is available.
Brief Look at Vatee
Vatee offers access to Forex and CFD markets through the MetaTrader 4 (MT4) platform. Traders can open a free demo account and two live account types. The minimum deposit is $300. Leverage is up to 1:500 and spreads start at 0 pips. Deposit and withdrawal methods include bank transfers, bank cards, electronic payment systems, and crypto wallets. The first withdrawal is fee-free, while subsequent withdrawals incur fees. The only additional income option is a standard partnership program. The broker’s website contains educational articles and market news, but Vatee doesn’t offer any advanced trading tools.
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- A free demo account is provided to explore the broker’s offer and test trading strategies without risks;
- Competitive trading conditions on all account types;
- Flexible leverage allows traders to increase their profit potential with moderate risk;
- Intuitive and functional MetaTrader 4 can be customized with free plugins;
- The broker offers 4 asset groups allowing its clients to use various strategies and diversify risks;
- Partnership program offers a good income for active traders;
- Prompt and high-quality technical support is available.
- High minimum deposit requirements starting from $300;
- The broker’s conditions lack transparency;
- Regional restrictions include Australia, South Africa, North Korea, Libya, Iran, and Iraq.
TU Expert Advice
Financial expert and analyst at Traders Union
Vatee is owned by Vatee Pty Ltd, registered in Vanuatu, and regulated by the Vanuatu Financial Services Commission (VFSC). The broker is well-known on the global market and has many clients from various regions. TU hasn’t found any evidence of Vatee’s non-fulfillment of its obligations to traders.
The broker’s trading offer is acceptable, but the lack of transparency is its obvious disadvantage. Its website contains information about spreads on the Zero account, but doesn’t disclose its additional fees. User reviews suggest that this account is subject to relatively low trading fees. The Standard account incurs market average spreads from 1.7 pips. Along with the absence of trading fees, trading conditions on this account type are quite profitable.
Unfortunately, Vatee charges withdrawal fees, while most top companies don’t. The broker allows its clients to make their first withdrawals free of charge, while all subsequent transactions cost 2% of the amount. Moreover, traders pay $25 for international transfers, although note that this amount includes fees of third-party payment providers.
Since Vatee clients trade through MT4, they have all the necessary opportunities for active trading on financial markets. Users praise this platform for its intuitiveness, a wide range of basic and advanced functions, and free plugins. An additional income option available with this broker is a partnership program for individuals and legal entities.
All assets offered by the broker are CFDs except for currency pairs. The range of instruments is enough for successful risk diversification and the use of many trading strategies. Overall, TU recommends Vatee for review.
Vatee Trading Conditions
Your capital is at risk. Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering any margined transactions with Vatee Pty Limited, and seek independent advice if necessary.
| 💻 Trading platform: | MetaTrader 4 |
|---|---|
| 📊 Accounts: | Demo, Standard, and Zero |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, electronic payment systems, and crypto wallets |
| 🚀 Minimum deposit: | $300 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Currency pairs and CFDs on indices, commodities, and precious metals |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Free demo account and two live account types; Acceptable initial deposit; Wide range of assets; Reasonable fees; Moderate leverage; No trading restrictions; Top trading platform; Insufficient transparency. |
| 🎁 Contests and bonuses: | Rebates from Traders Union |
Usually, if brokers offer several live account types, their conditions, including a minimum deposit, differ. Vatee requires a minimum of $300 for all account types. Leverage depends on the traded asset and its maximum is 1:500 for currency pairs. Traders can use the desired value themselves or trade without leverage. Technical support is available 24/5 via a call center, email, live chat, and tickets.
Vatee Key Parameters Evaluation
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Trading Account Opening
To start working with Vatee, register on its official website, pass verification, open a live account, and download the trading platform. To eliminate many questions on the procedure, TU experts compiled a step-by-step guide and described the main features of the user account.
Go to the broker’s official website, choose the interface language, and click the “Sign Up” button.
Enter your first and last names, phone number, and email. Create a password, specify a referral code if any, and click the “Next” button.
Enter a confirmation code sent to your email and click the “Send code” button. Next, click the “Submit” button.
Answer the broker’s questions and provide detailed information about yourself. Next, choose the account parameters.
Provide scans or images of the documents that confirm your identity and residency. Carefully read the on-screen instructions.
Go to the deposit and withdrawal section of the user account and choose the deposit method suitable for your region. Fund the account following the instructions.
Download MetaTrader 4. Choose the appropriate version and install it to your device. Enter your registration data and start trading.
Features of Vatee’s user account that allow traders to:
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Open and close live or demo accounts, as well as view details of active accounts;
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View statistics, reports, and history of trades and transactions;
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Make deposits, withdrawals, and internal transfers, as well as monitor transaction status;
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Upload documents, edit personal data, and set security parameters;
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Apply for a partnership program and view data on referrals and rewards;
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Contact technical support.
Regulation and safety
Vatee has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
- No negative balance protection
- Track record of less than 8 years
Vatee Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 VFSC |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
Vatee Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Vatee have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Vatee with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Vatee’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Vatee Standard spreads
| Vatee | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,7 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,0 | 1,5 | 0,5 |
| GPB/USD min, pips | 2,0 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Vatee RAW/ECN spreads
| Vatee | Pepperstone | OANDA | |
| Commission ($ per lot) | 3 | 3,5 | |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Vatee. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Vatee Non-Trading Fees
| Vatee | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0-2 | 0 | 0 |
| Withdrawal fee, USD | 0-25 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
If brokers offer several live account types, they usually differ significantly. Vatee offers Standard and Zero accounts with different spreads and fees. The minimum deposit for both account types is $300. Therefore, traders make their choice based on preferred strategies. The broker offers only MT4, so traders who used to work with other solutions, have to adjust to this condition.
Account types:
If traders have never worked with a broker, they may open a demo account first to explore a company and develop their trading strategies without risks of financial losses. Then, if conditions suit them, traders switch to a live account.
Deposit and withdrawal
Vatee received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Vatee offers limited payment options and accessibility, which may impact its competitiveness.
- Bank card deposits and withdrawals
- PayPal supported
- USDT (Tether) supported
- Bank wire transfers available
- BTC not available as a base account currency
- Withdrawal fee applies
- Only major base currencies available
What are Vatee deposit and withdrawal options?
Vatee offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, PayPal, Neteller, USDT. This limitation may restrict flexibility for users, making Vatee less competitive for those seeking diverse payment options.
Vatee Deposit and Withdrawal Methods vs Competitors
| Vatee | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Vatee base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Vatee supports the following base account currencies:
What are Vatee's minimum deposit and withdrawal amounts?
The minimum deposit on Vatee is $300, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Vatee’s support team.
Markets and tradable assets
Vatee offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 60 Forex pairs.
- Indices trading
- 60 supported currency pairs
- Bonds not available
- Limited asset selection
Vatee Supported markets vs top competitors
We have compared the range of assets and markets supported by Vatee with its competitors, making it easier for you to find the perfect fit.
| Vatee | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | No | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Vatee offers for beginner traders and investors who prefer not to engage in active trading.
| Vatee | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
When working with a broker, traders may have various questions or face atypical trading situations. To get assistance, Vatee clients have an opportunity to contact technical support 24/5 via a call center, email, live chat, or the ticket system.
Advantages
- Several communication channels
- Competent and prompt support operators are available round the clock
Disadvantages
- Technical support isn’t available on weekends
Even if you are not a Vatee client, its technical support is always ready to assist you with relevant questions.
Available communication channels are:
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Telephone;
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Email;
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Tickets;
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Live chat on the website.
The broker has official profiles on Facebook, X, and YouTube, where it is also possible to contact support managers. Follow Vatee to stay up-to-date with its latest news.
Contacts
| Registration address |
Room 3148, Island Motel Building, Port Vila, Vanuatu Se5 Level 10, 189 Kent St, Sydney, NSW Australia 2000 |
|---|---|
| Regulation | VFSC |
| Official site | https://vateefx.com/ |
| Contacts |
+61 (02) 92510117
|
Education
Novice traders can also register with brokers. While companies are not obliged to provide training for novice traders, some brokers still offer educational materials and even hold webinars. Vatee provides general guides on its working conditions and educational articles on different topics, which may be interesting for both novice and professional traders.
Vatee believes that traders who register with it know everything about financial markets and how to earn money via trades. It provides basic information for novice traders, but third-party resources are necessary to get comprehensive trading theory.
Comparison of Vatee with other Brokers
| Vatee | Bybit | Eightcap | XM Group | Markets4you | AMarkets | |
| Trading platform |
MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5 | MT4, MT5, AMarkets App |
| Min deposit | $300 | No | $100 | $5 | No | $100 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:10 to 1:4000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0.1 points | From 0 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 100% / 20% | 50% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | No |
Detailed Review of Vatee
Since the broker has been on the market for a long time, it implements advanced technologies and solutions. For example, it ensures fast order execution and 24/5 uninterrupted trading due to partnering with top-tier liquidity providers and the availability of virtual dedicated servers. Moreover, Vatee uses a microservice architecture for prompt system scalability and problem-free integration of new functions. Also, its asset pool is constantly expanding. Trader funds and data are protected with SSL protocols and authentication tokens.
Vatee by the numbers:
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2 live account types and 1 demo account;
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Minimum deposit is $300;
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Maximum leverage is 1:500;
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Minimum spreads on the Zero account are 0 pips;
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Withdrawal fees are 2% of the amount.
Vatee is a Forex and CFD broker that offers versatile conditions.
Vatee offers a vast choice of trading assets with hundreds of currency pairs and CFDs on indices, commodities, and precious metals. These instruments are enough to use different trading strategies and methods. Yet, the broker doesn’t restrict traders in their trading styles — they can scalp, hedge, transfer positions overnight, trade on news events, and use advisors. Also, such asset variety allows traders to build diversified investment portfolios. Another advantage is the availability of flexible leverage up to 1:500, enough to increase profits with correct forecasts. Finally, Vatee offers the popular and user-friendly MetaTrader 4, known for its extensive customization options.
Useful services offered by Vatee:
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Market news. The broker’s website provides a section with expert analysis of significant political and economic events.
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Education and training. Vatee doesn’t offer comprehensive educational programs. However, there are current articles offering useful information for traders with varied trading experience.
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Vatee partner. The broker’s clients can participate in the IB program and earn rewards from their referrals' trading activities. Partners receive a percentage of their referrals' trading fees and benefit from discounts on their own fees. Additionally, the program offers opportunities to win valuable prizes.
Advantages:
Free demo account is available for exploring the broker’s conditions and testing trading strategies;
The broker offers a wide range of assets and flexible leverage up to 1:500;
User-friendly and customizable MT4 with free plugins is supported;
Traders can participate in a partnership program to generate additional income;
The broker ensures stable, uninterrupted operation and high order execution speeds.
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