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Waterman Bates -

Score

1.34 /10
Danger

Waterman Bates

Singapore

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.watermanbates.com

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Score

Regulatory Index0.00

Business Index5.66

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Waterman Bates

Company Abbreviation

Waterman Bates

Platform registered country and region

Singapore

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Waterman Bates · Company summary

Note: Waterman Bates's official website: https://www.watermanbates.com/ is currently inaccessible normally.

Waterman BatesReview Summary
Founded2022
Registered Country/RegionSingapore
RegulationUnregulated
Market InstrumentsForex currency pairs, commodities, shares, stocks, indices, cryptocurrencies
Demo Account❌
Leverage/
Spread/
Trading PlatformWebtrader
Min Deposit5,000 EUR
Customer SupportTel: +1 6728671102
Email: support@watermanbates.com
Address: 60 Paya Lebar Singapore

Waterman Bates is an unregulated dealer established in Singapore in 2022. It offers trading in forex currency pairs, commodities, shares, stocks, indices, and cryptocurrencies. It does not offer demo accounts, and the minimum deposit is a high amount of 5,000 EUR.

Pros and Cons

Pros Cons
Diverse trading assetsInaccessible website
Unregulated status
Limited info on trading conditions
No demo accounts
No MT4/5
High minimum deposit
No info on payment options

Is Waterman Legit?

No, Waterman Bates is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license
Domain information

What Can I Trade on Waterman Bates?

The promoted financial instruments are forex currency pairs, commodities, shares, stocks, indices, and cryptocurrencies.

Tradable Instruments Supported
Forex currency pairs✔
Commodities✔
Shares✔
Stocks✔
Indices✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌

Account Type

There are a total of 6 different account types.

Account TypeMin Deposit
Micro5,000 EUR
Basic10,000 EUR
Advanced20,000 EUR
Premium50,000 EUR
Platinum100,000 EUR
Gold250,000 EUR

Trading Platform

The platform offered by this firm is only a Webtrader.

Trading PlatformSupported Available Devices Suitable for
Webtrader✔Web/
MT4❌/Beginners
MT5❌/Experienced traders

User Reviews

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User comment

4

Comments

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Whitwtch
more than one year
Untrustworthy Broker, advertise under the guise of an AI company with no mention of Waterman Bates until after the investor has committed. They will allow you to withdraw a small profit, if you are coming across as an uncertain customer and will then hit you up for a large investment. You'll have better luck guesstimating on fortune 500 website than dealing with this mob who are from Nairobi. Stay away!!!!
Untrustworthy Broker, advertise under the guise of an AI company with no mention of Waterman Bates until after the investor has committed. They will allow you to withdraw a small profit, if you are coming across as an uncertain customer and will then hit you up for a large investment. You'll have better luck guesstimating on fortune 500 website than dealing with this mob who are from Nairobi. Stay away!!!!
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2023-05-02 19:10
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CEOCEO
more than one year
One thing I did appreciate was their customer service team's responsiveness. When I had some initial questions, they were quick to reply and very helpful. I also appreciated that they had a strong emphasis on security and privacy, which is important to me as a trader.
One thing I did appreciate was their customer service team's responsiveness. When I had some initial questions, they were quick to reply and very helpful. I also appreciated that they had a strong emphasis on security and privacy, which is important to me as a trader.
Translate to English
2023-04-04 11:00
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