Based in the Saint Vincent and the Grenadines, Vourteige is a forex trading platform that was established in 2024. Vourteige offers various trading options, including forex, commodities, indices, shares, Cryptocurrencies and CFDs. However, Vourteige currently operates without regulatory oversight from any reputable financial body.
Pros and Cons
Is Vourteige Legit?
No, Vourteige is a trading service provider that operates under Quintero LLC's ownership, which is currently unregulated.
In addition, the broker was disclosed by CH FINMA (2024-05-28) and UK FCA (2024-06-04) respectively, with both bodies specifying that the broker was providing financial services or promoting financial products without its permission and authorisation.
What Can I Trade on Vourteige?
Vourteige offers various trading options, including forex, commodities, indices, shares, Cryptocurrencies and CFDs. Forex includes major, exotic and minor currency pairs.
Leverage
Vourteige offers leverage ratios ranging from 1:50 to 1:200 for CFD trading, which enables traders to engage in larger positions without necessitating a substantial initial investment. Vourteige provides leverage 1:5 for cryptocurrency trading.
Vourteige Fees
In Vourteige dormant account fees will be incurred if an account remains inactive for a year or longer.
There is a swap fee that applies when clients keep a trading position open overnight. However, this swap fee is not applicable to Islamic account holders.
Customers are subject to commissions on the profits worth 19%.
Regarding specific fees or commissions, Vourteige has not mention them but advises customers to contact the customer support team.
Trading Platform
Vourteige claims that it offers a web-based trading platform that is compatible with many devices–computer, tablet, or smartphone. The trading platform provides two versions available for download, including the Web Trader and mobile trader.
Deposit and Withdrawal
Vourteige accepts credit or debit card, bank wire transfer, Neteller and Skrill as payment methods.
Vourteige claims that Minimum Deposit is $250. If traders deposit funds via credit card, the minimum limit is set at $20.
The withdrawal process comprises two stages: the initiation of a withdrawal request and the subsequent transfer of funds to a bank account.
A withdrawal will be first labeled as “in process” and undergo a24 to 48-hour processing period. At times, Vourteige may request further verification from traders. Once this processing is finalized, it may take an additional 3 to 5 days for the funds to be credited to a bank account.
