Valetax is an online forex and CFD broker registered in Saint Vincent and the Grenadines. The broker offers a variety of financial products and services including forex, precious metals, indices, and energy, as well as the MT4 trading software. Valetax provides leverage of up to 1:2000, and depending on the account type, its spread and commission structure vary.
Regulation and Registration Information:
Valetax's official domain was registered on April 28, 2023, less than a year ago. Valetax is registered in Saint Vincent and the Grenadines, with the registration number 23398 BC 2016. Although Valetax claims to be registered with the SVG FSA, the SVG FSA does not license or regulate forex brokers. Therefore, Valetax is currently not under effective regulation by any financial regulatory authority.
Valetax claims to be regulated by the Mauritius Financial Services Commission (FSC), with the Mauritius regulatory license number Nr. GB21026312. However, Mauritius's regulatory license is considered offshore regulation and may not offer the same level of investor protection as onshore regulation. Investors should be aware of the risks associated with offshore regulation and carefully assess its regulatory status to ensure trading safety before using Valetax's services.
Trading Products:
Valetax offers a wide range of trading products, including forex, precious metals, indices, and energy. In the forex market, Valetax provides over 100 currency pairs, and also offers trading opportunities in gold and silver.
Trading Software:
Valetax offers the MetaTrader 4 (MT4) trading platform, suitable for traders of all types. MT4 supports Windows, Android, iOS, and web browsers, and offers three types of charts: bar chart, Japanese candlestick chart, and line chart, as well as 9 timeframes from M1 to MN. Additionally, MT4 features 30 technical indicators, 24 analytic tools, and provides access to financial market news.
Spread and Leverage:
The broker offers competitive spreads and leverage options, with leverage up to 1:2000, providing traders the potential to magnify their trading positions but also increasing trading risks. Depending on the chosen account type, the minimum deposit requirement and spreads vary, with spreads starting from 1.2 pips.
Account Types:
Valetax offers two account types: CENT accounts and Standard accounts. The CENT account requires a minimum deposit of $1, maximum leverage of 1:1000, no commission, spreads from 1.2 pips, and offers 32 trading tools. The Standard account requires a minimum deposit of $10, maximum leverage of 1:2000, no commission, spreads from 1.2 pips, and offers 53 trading tools. Both account types have a margin call/stop out level of 60% / 30%.
Conclusion:
As an online CFD broker, Valetax offers a variety of trading products and services. However, the broker is currently not under effective regulation, and investors should carefully assess the associated risks. The broker offers a minimum deposit of $1 and supports a leverage ratio of up to 1:2000.
Currently, Valetax is marked as "unregulated" on Traderknows.
