General Information & Regulation
VATFX is an offshore forex brokerage located in the British Virgin Islands founded in year 2015. Vatfx trading services are said to be provided by Noble Trading which is supposedly owned by united capital group ltd and claims to be registered in the United States of America and supervised by the US Secretary of Treasury. First of all, the US Secretary of Treasury is not the regulatory body in charge of forex trading in the US, the NFA is in charge of this. All of these claims were in order to mislead traders, coupled with the obvious lack of credible regulation, incline us to doubt whether potential clients of the brokerage are not open to substantial risk.
Market Instruments
VATFX offers forex trade and CFDs on indices, precious metals, commodities and crypto currencies, including Bitcoin, Litecoin, Ethereum and Ripple.
Account Types
VATFX offers its clients three types of account: Basic, Standard and Professional. Each account represents different trading conditions involving spreads and commissions.
VATFX Leverage
The three account offer different trading leverage. The maximum leverage for the Professional account is up to 1:400, and for the Standard account is up to 1:200. While the Basic account up to 1:100.
Spreads & Commissions
The spreads for a Basic Account are fixed and to start at 3 pips, with a 10 USD commission per traded lot, which basically adds another pip to the spread (3 pips + 10 USD per lot = 4 pips). With the Standard Account the spreads are advertised to start at 1.5 pips with a 7 USD commission, which equals 2.2 pips, while with the Professional Account the spreads are said to start at 0.7 pips with a 5 USD commission, which brings the actual spread to 1.2 pips.
Trading Platform
VATFX offers the popular MT4 trading platform without a demo account option. The MT4 trading platform is a very popular trading platform that allows trader to create their own indicator and their trading bots and has many other great advantages over other trading platform.
Deposit & Withdrawal
VATFX allows deposit or withdraw of funds via all major cards, bank wire and e-wallets, including Skrill, Neteller and PayPal. Unfortunately, the option to deposit or withdraw is not yet available in cryptocurrency.
Minimum Deposit
The minimum deposit to open an account with VatFX is Basic Account with 100 USD, a Standard Account with 500 USD and a Professional Account with 5000 USD.[v1]
Customer Services
VatFX customer support can be reached via phone and email during business hours.
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