Everything on Valetax’s website looks slick — from bold claims of “regulation” to awards adorned with shiny trophies. However, there are no real guarantees of reliability. If you are trying to decide whether or not to trade here, you have come to the right place. Our review will help you make up your mind and find out whether this is a legitimate company or a scam.
At first glance, the Valetax website appears well put together. The black and white color scheme with green accents gives an impression of a “serious” approach, as if you are looking at an international platform on the level of IC Markets or Pepperstone. Everything is in its place: a header with navigation sections, registration and login buttons, a responsive mobile version, and readable fonts.
The structure is simple and intuitive — the main menu is at the top, and everything is duplicated in the footer. Navigation is logical: “About the Company”, “For Traders”, “Copy Trading”, “Promotions”, and “Contacts”. Nearby are the login and registration buttons.
The footer contains legal information. Two companies are listed: one in Mauritius and the other in Saint Vincent and the Grenadines. License numbers, addresses, and a full risk disclaimer are also provided, as required. In this respect, Valetax is no different from moderately safe firms. However, for some reason, the date of establishment and the business model are not mentioned.
The site is available in nine languages, including English, Spanish, Portuguese, and a selection of Asian languages — Indonesian, Vietnamese, Thai, Chinese, Malay, and Hindi.
Overall, the official website has some drawbacks, but it cannot be called completely awful or low-quality. Yes, it looks rather templated, but at least it includes some important details, as well as information about trading conditions, the platform, and other essentials.
There is no contact information visible on the site whatsoever. Not in the header, not in the footer, and not even in the “Contacts” section. The only way to find out any details is to dig into the user agreement. There, in small print, you will find an email address and a phone number.
By contrast, brokers like IC Markets, Exness, or Tickmill display live chat, regional phone numbers, office addresses, and a list of supported countries right on the homepage. Valetax does the opposite, as if they do not want to be contacted directly.
They also have social media accounts: Facebook, Instagram, Twitter, and LinkedIn. However, there is almost no activity on them. Very few followers. The last resort to reach their team is online chat, but responses are very slow. Sometimes, there is no response at all.
To examine the trading conditions at Valetax, one must look into their account types. The company has developed six account plans tailored for different goals and needs. On almost all accounts, the minimum deposit starts from just $1. This appears attractive, particularly for beginners. However, it is purely a psychological trap. With such small amounts, you cannot properly test the market, develop a strategy, or even open a minimum forex position with proper risk management.
The leverage offered goes up to 1:2000. At first glance, this seems beneficial and offers more opportunities, for example, it allows for rapid deposit growth. However, professionals know this is the fastest route to a margin call. Top brokers, such as IC Markets or Pepperstone, offer a maximum leverage of 1:500 for retail clients, and in the EU it is limited to 1:30, as regulators have imposed strict rules to protect traders. If you are being offered 1:2000, it is not about your profit — it is a method designed to push you into a margin call quickly and wipe out your deposit.
Valetax spreads start from 1.2 pips on Cent and Standard accounts, from 2.0 pips on Bonus and Booster accounts, and only on the ECN account are they advertised as starting from 0.0 pips, but with a $4 commission per lot. The PRO account offers spreads from 0.6 pips with no commission. These figures are higher than those of most regulated brokers: IC Markets offers ECN spreads from 0.1 pips with a $3 commission, and Exness from 0.0 pips with a $3.5 commission. With our review subject, spreads are either inflated or the broker’s earnings are disguised as “zero commissions”, which is always a red flag.
In the footer of the official website, the company lists two legal entities: Valetax International Limited (Mauritius) and Valetax Global Limited (Saint Vincent and the Grenadines). These are offshore jurisdictions, and the company has no other branches.
A broker registered in Mauritius (MFSC) or Saint Vincent and the Grenadines (SVGFSA) is, in practice, not subject to any real oversight. These jurisdictions simply issue documents, do not intervene in disputes between clients and brokers, and do not regulate how a company handles your funds. This means you have no deposit protection, no access to independent arbitration, and no mechanism to recover your funds in the event of an account freeze or withdrawal refusal.
For comparison: licenses from the FCA (United Kingdom), CySEC (Cyprus), or ASIC (Australia) require companies to hold client funds in segregated accounts, undergo regular audits, disclose information about ultimate beneficial owners, and provide funds insurance. These regulators are accountable for broker conduct and can genuinely intervene in cases of fraud. In contrast, the FSC and FSA in offshore jurisdictions issue licenses simply for registering a company and paying a fee — with no inspections or accountability whatsoever.
The firm has no serious or reputable regulation. Furthermore, the platform lacks substantial experience. It is a relatively new player in the brokerage market. Although its legal entities were registered a few years ago, the website itself only launched in 2023, as evidenced by the domain registration date of valetax.com.
There are quite a few reviews of Valetax online, even in different languages. However, there is a catch — many of them resemble fake comments. Repetitive short messages praising the company and how “great” it is to trade here. There is no real evidence that the company allows the withdrawal of earned funds.
Valetax is a typical offshore broker with no real oversight or transparency. Registration in Mauritius and Saint Vincent offers clients no protection whatsoever. Engaging with such a company is risky, which is why we do not recommend doing business with them.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
I have been ignored for over a week. Customer support has seemingly vanished. Is anyone else experiencing the same issue? My $235 withdrawal has been stuck, with a total balance of $800. I am afraid for my money. What if this is a scam and I can no longer withdraw my funds?
I prefer to work with companies that are under real regulatory supervision. That is not the case here. The risk is high, which is why I no longer trade with them. Moreover, the company openly pays for fake positive reviews about itself. That is a serious red flag that you may be dealing with a scam!
I tried Valetax as a test, and honestly, I regret ever depositing money there. The spreads are actually inflated, and execution is unstable, especially during news releases. Stop orders slip, orders hang, something you no longer see with proper ECN brokers. It is clear this is not an ECN broker. There are no liquidity providers and no real data on counterparties. This is an internal dealing desk trading against you. Profits are cut, withdrawals are processed at a whim. As soon as I tried to withdraw my earnings, I was hit with “checks”, “verifications”, and “technical issues”. I would not recommend it to anyone
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