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Vourteige Review | A serious organ or scam?

by Kevin Berry
Rating: 
  1.2/5   Reviews: 2
Vourteige - logo

Vourteige has offices in four countries, which might make it appear as a serious organization with a global presence, but we recommend not rushing to such conclusions. We’re looking at another CFD platform that requires thorough verification because it can easily turn out to be a scam. On the internet, traders comment on the firm in various ways, so you can find both positive and negative reviews. The broker boasts some certificate from EUAC on its website, while in the footer, a completely different legal entity, Quintero LLC, is listed. Let’s delve into this.

Highlights

🏛️ Country St. Vincent and Grenadines, United Kingdom, Luxembourg, Switzerland
⚠️ Regulation
🖥️ Website https://www.vourteige.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage 1:50-1:200
⚙️ Trading Platform WebTrader
📨 E-mail support@vourteige.com
📞 Phone +441276982320, +35220334215, +41215303160

First Impression of Vourteige.com

Upon entering the official website, we are greeted with an eloquent motivational phrase and a mesmerizing New York landscape. Across the site, there are images of people sitting at laptops who look more like entrepreneurs than traders. Could it be that Vourteige doesn’t know what a trader’s workstation looks like?

Vourteige - site

At the top, there’s a usual panel with information about the company and its trading conditions. Overall, the site is filled with meaningless information and tons of text, which will hardly be read by visitors. Instead of providing specific information, Vourteige has filled the site with unnecessary text, complicating navigation.

The site is translated into several European languages besides English: German, Dutch, and French. The footer includes a risk warning and a legal entity registered in Saint Vincent and the Grenadines.

Partnership and Bonuses

Vourteige offers clients various bonuses, such as a sign-up bonus for the initial deposit, a loyalty reward, and occasion-based. However, don’t think that this is free money, because it’s not.

First, these bonuses cannot be withdrawn; second, traders must meet certain conditions before the profit earned with these bonuses can be withdrawn. Moreover, the required trading volume is very high – the amount of the initial deposit and bonus, multiplied by 500. Completing such trading turnover in a short period without elevating risks is almost impossible. 

The affiliate program, apparently, is missing. At least, Vourteige does not mention it on its official website. Perhaps, when we examine personal account, we will see such functionality.

Account Opening on Vourteige.com

Registration at Vourteige is quick and straightforward. The firm requests personal information:

  • Name.
  • Email and phone number.
  • Country.
  • Currency (BTC, EUR, GBP, or USD).
  • Password.

It’s also necessary to agree to the terms, which can be reviewed in a separate document. The broker offers a hyperlink to this document.

Registration

We expected the company to send a registration confirmation email, but this did not happen. This indicates a low level of protection ‌at Vourteige.

Next, we are presented with a personal account that is quite understandable and simple to use. Traders can access the terminal and also download it to their computer. Vourteige offers basic operations, such as changing personal data, undergoing identity verification, funding the deposit, submitting a withdrawal request, and so on.

Vourteige - personal cabinet

It’s worth noting that the affiliate program is indeed absent; we did not find its functionality. We also did not find that Vourteige offered a demo account. So, these two useful features are simply missing here.

Verification

The firm strictly adheres to AML&KYC policies, so without identity verification, it’s not possible to fully utilize the platform’s services. Vourteige requests documents such as a bank statement or utility bill (proof of address), a driving license, a national ID card, or a passport (proof of identity), and a photo/scan of the bank card.

However, curiously, the AML&KYC document, which explains what it is, details the necessary documents and how to properly provide them, as well as explains the duration of document verification, is missing.

Pros
  • None.
Cons
  • The policy AML&KYC is absent.

Trading Software

Now let’s talk about the trading platform. Firstly, the terminal at Vourteige lacks mobile applications. That means to trade from a smartphone, one needs to open the platform through a mobile browser, which is less convenient and practical than a separate app. Secondly, the program can be downloaded to a computer as an .exe file. However, we recommend not doing this, as the file may contain dangerous viruses that could harm your computer. Software should only be downloaded from official sources.

Terminal

The platform does not appear advanced and modern. Yes, clients have access to all the basic features, such as technical analysis, indicators, switching between different timeframes, and pending orders. However, many tools are missing – auto-trading, the ability to upload custom templates and indicators, order book, depth of market, and so on.

Vourteige provides access to a primitive platform that is not suitable for serious trading. Such software might be adequate for beginners initially, but they will quickly realize that this functionality is insufficient. Why wouldn’t the broker offer a more modern alternative?

Features Vourteige Swifti Al-Giz
Demo Account
Mobile App
Own Development

How Can I Trade With Vourteige?

The broker offers trading only in CFDs, without physical assets and futures. Available are forex, metals, indices, commodities, cryptocurrencies, and stocks. Overall, it’s a standard set of market classes.

All Info About Accounts

Most likely, Vourteige does not provide a range of tariff plans, as the description of account types is missing on the website. It’s possible that traders are offered a single type of account, with a minimum deposit of $250. Notably, such a minimum deposit is most often encountered with fraudulent companies. Coincidence?

The firm does not charge a commission for trades, but what this actually means, we do not know. However, it is written on the website that other commissions are charged, but their exact sizes are not determined, and the organization reserves the right to change them without notice. Traders only pay the spread, which is fixed, but its size is not specified. Vourteige is, in general, a secretive organization.

We barely found the leverage parameter – 1:50-1:200, which violates the requirements of regulators. Financial commissions, such as the FCA, prohibit brokerage firms from offering such high leverage.

Pros
  • No fees.
Cons
  • $250 is a high minimum deposit.
  • Spreads are not specified.
  • Terms and conditions are described superficially.

Market Analysis and Education With Vourteige.com

The broker promises to provide clients with signals, e-books, videos, and webinars. Freely available on the website, traders can use a table with online quotes, an economic calendar, a news feed, and an FAQ. Vourteige does not offer anything notable or interesting.

Deposit, Withdrawal, and Fees

Users have various ways to fund their deposits: credit/debit cards, bank wire transfers, or e-wallets (Neteller/Skrill). The size of the commissions is not specified, while Vourteige in the personal account offers to specify a cryptocurrency wallet, so possibly, clients can also transfer money using digital currency.

The process of processing withdrawal requests lasts 24-48 hours. Moreover, the firm can extend this period.

Features Vourteige AlterSpots BlackTrade500
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️ ✔️ ✔️
Crypto Transfers ✔️ ✔️ ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

Vourteige has provided several ways for users to contact managers. There are three phone numbers, one email, and an online chat. Additionally, one can write a message through a special feedback form. The broker also shared the addresses of its offices.

We decided to check all the addresses and contact information. However, we found nothing suspicious. The data seems genuine. Yet, one downside to Vourteige we can highlight – there are no social media accounts.

Pros
  • All major communication channels are available.
Cons
  • No social media accounts.

Is Vourteige Dangerous?

The company looks suspicious, but we cannot yet confidently speak of fraudulent activity. Yes, some aspects require further clarification, but overall, everything looks normal. However, we have not yet checked the specified addresses, licenses, and the operating period of Vourteige. This is what we will now do.

How Long Does The Broker Work?

If we examine the “about us” sections on the official website, it can be noted that the firm talks a lot about itself but gives no specifics. The date of the platform’s foundation is also missing. Therefore, we’ll have to resort to other methods.

Online, one can find several dozen reviews about Vourteige, and they started being actively published only in 2024. Meanwhile, the domain of the official site was registered in September 2023. Therefore, it can be concluded that the platform has been operating for less than a year, meaning it’s quite young and inexperienced.

Domain

How Is Vourteige Regulated?

The site features a certificate obtained from the little-known regulator European Union Asset Control. Google did not provide any information regarding this financial commission. We checked the contact details and the domain euassetcontrol.com for suspicious activity. Here’s what we found. The email turned out to be fake, and the domain was registered in 2024, although Vourteige supposedly received its license in 2018. You can see this in the screenshot below.

Based on this, it can be concluded that the European Union Asset Control is a fake regulator. It doesn’t exist, meaning the license is fictitious.

Fake regulator

The firm also lists office addresses in the United Kingdom, Switzerland, and Luxembourg. Meanwhile, the legal entity that manages and owns the site is registered in Saint Vincent and the Grenadines.

Indeed, the company Quintero LLC is found in SVGFSA, appearing there in 2023. However, is it true that this organization is related to vourteige.com? Not necessarily, as it could be mere fabrication.

If the broker has an office in the United Kingdom, then there should be a license from the Financial Conduct Authority, as well as a record of the legal entity in the Companies House registry. Then why is the firm not found in either the FCA or Companies House? We checked under both “Vourteige” and “Quintero”. Companies House showed us two organizations with such a name, but both were dissolved long ago.

Companies House

Features Vourteige Orbonex Anso FG
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

Kevin Berry
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Expert Opinion

Perhaps there’s no need to explain why the firm is fraudulent and dishonest if it indicates a fake license? Moreover, it’s worth noting the presence of positive reviews online. They’re also fake, so don’t even think about believing what’s written there. It’s done to advertise the company’s activities and make naive traders invest their money. You can’t trust scammers from Vourteige because they’re aimed at stealing your funds. There are no guarantees of reliability, but plenty of fake data. Be cautious.

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Vourteige rating

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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Vourteige

Darling February 28, 2024 - 00:17
Normal platform
The level of trust

My opinion is that it’s a standard CFD platform where you shouldn’t risk large amounts. You can try with small deposits, but investing thousands and tens of thousands of dollars is not recommended. The platform doesn’t have 100% guarantees, so it’s quite dangerous here. But there are positive reviews.

Reply
Notebook1 March 12, 2024 - 12:26
I was unlucky and lost $1,000
The level of trust
Quick withdrawal of funds
Efficiency of technical support

It’s very important to check the brokerage intermediary first and then open an account. Unfortunately, I did everything the opposite way. I opened an account first, funding it with $1000, and then started to investigate what the platform represents. It turned out that Vourteige was a typical illegal broker refusing to process my withdrawals. The activity is fake, and the whole website and platform are sheer fraud.
This experience cost me $1000, and it might cost someone else even more. But if you’re reading my review and haven’t yet transferred money to the scammers, you’re lucky. You won’t fall for the scam if you don’t open a brokerage account here.

Reply

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