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Valetax

Mauritius|1-2 years| Benchmark C|
High potential risk|

https://valetaxintl.com/

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

530

MT4/5

Full License

ValetaxIntl-Live1

Malaysia
MT4
11

Benchmark

Speed:B

Slippage:D

Cost:B

Disconnected:B

Rollover:B

MT4/5 Identification

MT4/5 Identification

Full License

11
Server Name
ValetaxIntl-Live1 MT4
Server Location Malaysia

Contact

https://valetaxintl.com/
1/F River Court, 6 St. Denis Street, Port Louis, 11328, Mauritius.
https://www.facebook.com/valetaxtrading/
https://x.com/Valetaxofficial

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

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

Valetax International Limited

Abbreviation

Valetax

Platform registered country and region

Mauritius

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Valetax · WikiFX Survey
Valetax · Benchmark
Average transaction speed(ms)
530
The highest transaction speed(ms)
313 Poor
The highest speed of opening positions(ms)
375 Poor
The highest speed of closing position(ms)
313
The lowest speed of opening positions(ms)
1781
The lowest speed of closing position(ms)
1922
16.18USD/Lot Good
31.58USD/Lot Good
Long: -1.92USD/Lot    Short: 0.05USD/Lot Great
Long: -23.7USD/Lot    Short: 0USD/Lot Poor
Average slippage
0.5
Maximum transaction slippage
25
Maximum positive slippage
2 Poor
Maximum negative slippage
25
Average disconnection frequency (times/day)
0.3 Perfect
Average reconnection time (millisecond/per request)
30.8
Ranking: 111 / 134
Test user 221
Orders 4,358
Ocuppied margin $336,559 USD
Data Source WikiFX Data provide
Updated: 2024-10-30 01:00:00

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Valetax · Company Summary

Valetax Review Summary in 10 Points
Founded Within one year
Registered Country/Region Mauritius
Regulation Unregulated
Market Instruments Currency pairs, Indices, Metals, Crypto, Stocks, Energies
Demo Account Not Available
Leverage Up to 1:2000
EUR/USD Spread Start from 1.2 pips
Trading Platforms MT4
Minimum Deposit USD 1
Customer Support Address, Live chat, Social media

What is Valetax?

Valetax, a brokerage firm registered in Saint Vincent and the Grenadines and also operates in Mauritius. It provides a variety of market instruments, including Currency pairs, Indices, Metals, Crypto, Stocks, Energies, to traders globally. However, it's noteworthy that Valetax currently operates with no valid regulations from any recognized authorities.

Valetaxs home page

In the following article, we will analyze the characteristics of this broker from multiple perspectives, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also make a brief summary so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Multiple account types • Unregulated
• MT4 trading platforms • Not accept clients from some countries
• Acceptable minimum deposit
• Multiple account funding and withdrawal options
• Negative balance protection and segregated funds

Valetax presents several advantageous features, including the availability of multiple account types tailored to varying trading preferences, catering to both novice and experienced traders. Additionally, their provision of the widely acclaimed MT4 trading platforms facilitates a seamless and efficient trading experience for users. The acceptable minimum deposit requirement from $1 further enhances accessibility for traders with diverse capital levels. Moreover, the availability of multiple account funding and withdrawal options, coupled with their implementation of negative balance protection and segregated funds, underscores the platform's commitment to ensuring the security and protection of their clients' investments.

However, it's imperative to acknowledge certain limitations associated with Valetax, notably the lack of regulation, which may raise concerns among potential investors. Additionally, the platform's restriction on accepting clients from specific countries could limit accessibility for traders globally, potentially restricting their market reach.

Is Valetax Safe or Scam?

When considering the safety of a brokerage like Valetax or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: The broker operates with no valid regulations indicates potential risks as it lacks the assurance of full protection for traders trading on its platform.

No license
  • User feedback: You can gain valuable insights into the experiences of other clients by reviewing their opinions and feedback about the brokerage. It's advisable to look for these reviews on trustworthy websites and discussion platforms to ensure the credibility of the information.

  • Security measures: Valetax prioritizes the security of its traders by adhering to a stringent AML policy and ensuring comprehensive privacy protection through a well-defined privacy policy. The implementation of negative balance protection, margin call, and stop-loss features fortifies financial security, mitigating risks and safeguarding traders' investments. Additionally, the segregation of funds further enhances security measures, assuring the integrity and safety of traders' assets.

Ultimately, the decision of whether or not to trade with Valetax is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

Valetax provides a comprehensive range of market instruments, catering to diverse trading preferences.

Traders can access a variety of currency pairs, enabling them to capitalize on fluctuations in global foreign exchange markets.

Additionally, the platform offers a selection of indices, allowing users to speculate on the performance of global stock market indices.

With the inclusion of precious metals, such as gold and silver, traders can diversify their portfolios and hedge against market volatility.

Furthermore, Valetax facilitates cryptocurrency trading, presenting opportunities for investors to engage in the dynamic and rapidly evolving digital asset market.

Access to a broad spectrum of stocks also enables users to invest in leading global companies, while the availability of energies, including oil and natural gas crude oil etc., empowers traders to leverage the dynamics of the energy market for potential gains and portfolio diversification.

Market Instruments

Account Types

Valetax offers versatile account options tailored to accommodate various trading preferences.

The CENT Account, with a remarkably low minimum deposit of $1, is an ideal choice for traders looking to engage in cost-effective trading and explore the financial markets with minimal initial investment.

On the other hand, the Standard Account, requiring a minimum deposit of $10, caters to those seeking a more comprehensive trading experience, providing access to a broader range of features, instruments and benefits, making it suitable for seasoned traders and those aiming for a more extensive trading portfolio.

Account Types

Leverage

Valetax presents traders with the flexibility to adjust leverages in both the CENT and Standard accounts, accommodating varying risk appetites and trading strategies.

The CENT Account allows for leverages of up to 1:1000, enabling users to amplify their trading potential and maximize profit opportunities. Similarly, the Standard account offers tunable leverages of up to 1:2000, providing experienced traders with expanded leveraging capabilities to optimize their market positions.

However, since leverages amplify both profits and losses, it is crucial for traders to exercise caution and prudence, remaining mindful of the potential risks associated with high leverages, and to implement effective risk management strategies to safeguard their investments.

Spreads & Commissions

Valetax offers relatively tight spreads starting from 1.2 pips on various financial instruments. To foster a trader-friendly environment, the platform ensures zero commission fees, allowing users to execute trades without worrying about additional costs eating into their profits.

Trading Platforms

Valetax caters to the diverse preferences of traders by providing the esteemed MT4 platform on Windows, a powerful tool equipped with a myriad of advantages. Traders can benefit from its user-friendly interface, extensive charting capabilities, and a wide range of technical indicators, empowering them to conduct comprehensive market analysis. MT4's support for automated trading through expert advisors (EAs) enables traders to implement algorithmic strategies, minimizing the potential for human error and maximizing trading efficiency.

MT4 Desktop

Moreover, the availability of MT4 on a web terminal enhances accessibility, allowing traders to manage their accounts and trade seamlessly from any web browser without the need for software installation.

MT4 Web

Deposits & Withdrawals

Valetax facilitates a diverse range of payment methods tailored to specific regional needs.

For traders in Malaysia, the platform supports FPX, allowing for instant deposits with a minimum requirement of 50 MYR, ensuring seamless and timely transactions. Similarly, Local Depositor in Malaysia offers another swift option, requiring a minimum deposit of 5 MYR and processing times ranging from 10 minutes to 4 hours.

For traders in Indonesia, the platform supports E2PAY.CO.ID, enabling instant deposits with a minimum requirement of 1,000,000 IDR. Additionally, Local Depositor in Indonesia offers a convenient payment option, necessitating a minimum deposit of 10,000 IDR, with processing times ranging from 10 minutes to 4 hours.

With further electronic payment options slated for the near future, Valetax commits to continuously enhancing its payment methods to cater to the evolving needs of its diverse clientele.

Payment Method Country Minimum Deposit Processing Time
FPX Malaysia 50 MYR Instant
Local Depositor Malaysia 5 MYR 10m-4h
E2PAY.CO.ID Indonesia 1000,000 IDR Instant
Local Depositor Indonesia 10,000 IDR 10m-4h
Payment Methods

Customer Service

Traders can reach out to Valetaxs representatives through the physical address for formal communication.

Address:

1/F River Court, 6 St. Denis Street, Port Louis, 11328, Mauritius;

Suite 305, Griffith Corporate Centre, Beachmont, P.O Box 1510, Kingstown, St Vincent and the Grenadines.

The live chat feature provides instant real-time assistance for quick problem resolution and support.

Additionally, the availability of the platform on various social media platforms such as Facebook, Instagram, LinkedIn and Twitter ensure that traders can engage with Valetax's customer support team through familiar and convenient channels.

social media

However, the absence of email or phone support may limit the accessibility and convenience and potentially hinder effective communication and timely issue resolution for traders who prefer traditional modes of contact.

Conclusion

Valetax, a brokerage firm operating in both Maritius and Saint Vincent and the Grenadines, provides access to various market instruments, including Currency pairs, Indices, Metals, Crypto, Stocks, and Energies. It's crucial to note that the current lack of regulation with Valetax should raise concerns for potential investors. Regulation typically ensures financial oversight, safeguarding clients from potential malpractices. As a result, individuals considering Valetax as their broker should proceed cautiously, conducting thorough research and exploring alternative, regulated brokers that emphasize transparency, security, and client protection.

Frequently Asked Questions (FAQs)

Q 1: Is Valetax regulated?
A 1: No. It has been verified that this broker is currently under no valid regulation.
Q 2: Does Valetax offer demo account?
A 2: No.
Q 3: Is Valetax a good broker for beginners?
A 3: No. It is not a good choice for beginners because it is unregulated by any recognized financial authorities.
Q 4: Does Valetax offer the industry leading MT4 & MT5?
A 4: Yes, it offers MT4 platform on windows and web terminal.
Q 5: Whats the minimum deposit does Valetax request?
A 5: Valetax request a minimum deposit of $1.
Q 6: At Valetax, are there any regional restrictions for traders?
A 6: Yes. Valetax does not provide services for the residents of certain countries, such as Iran, North Korea, United Kingdom, United States of America and Singapore.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

News

WikiFX Broker Assessment Series | Is Valetax Reliable?

ExposureWikiFX Broker Assessment Series | Is Valetax Reliable?

2024-01-30 16:36

We will analyze the characteristics of this broker from multiple perspectives, providing you with simple and organized information.

WikiFX
2024-01-30 16:36
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WikiFX Broker Assessment Series | Is Valetax Reliable?

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