Valetax Information
VALETAX INTERNATIONAL LIMITED is a Mauritius investment dealer specializing in online investment and trading services. The tradable instruments include currency pairs, indices, metals, crypto, and energies. The broker also provides six accounts with a maximum leverage of 1:2000. The minimum spread is from 0.0 pips and the minimum deposit is $1. Valetax is still risky due to its offshore regulated status, high leverage, and some bad reviews.
Pros and Cons
Is Valetax Legit?
FSC regulates Valetax with license number GB21026312 and License Type Retail Forex License. However, the 'offshore regulated' current status is not as safe as the regulated one.
What Can I Trade on Valetax?
Valetax offers access to 6 asset classes, including forex (over 60currency pairs), indices, metals, crypto, and energies.
Account Type
Valetax has six account types: cent, standard, ECN, booster, bonus, and Pro. Traders who want low spreads can choose an ECN account and those who prefer low leverage can choose a bonus account, while those with a sufficient budget can open a pro account. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus).
Valetax Fees
The spread is from 0.0 Pips, the commission is 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:2000 meaning that profits and losses are magnified 2000 times.
Trading Platform
Valetax cooperates with the authoritative MT4 and MT5 trading platforms, which are available on Desktop(Windows/MacOS), Mobile(Android/iOS), and Web. Junior traders prefer MT4 over MT5. While traders with rich experience are more suitable for using MT5. Both MT4 and MT5 provide various trading strategies and implement EA systems.
Deposit and Withdrawal
The first deposit amount must be $1 or above. Valetax accepts FPX, GrabPay, Neteller, PM, Visa, Mastercard, and more for deposit and withdrawal. Payments are instant through Online Banking and Electronic Payments, while processing times for Local deposit and Crypto USDt are within 4 hours.
Mauritius
