Company Profile
| Valetax Review Summary | |
| Founded | 2023-04-28 |
| Registered Country/Region | Mauritius |
| Regulation | Offshore regulated |
| Market Instruments | Currency pairs/Indices/Metals/Crypto/Energies |
| Demo Account | ❌ |
| Leverage | Up to 1:2000 |
| Spread | From 0.0 Pips |
| Trading Platform | MT4/MT5(Desktop(Windows/MacOS)/Mobile(Android/iOS)/Web) |
| Min Deposit | $1 |
| Customer Support | Phone: +6569315022 |
| Email: contact@valetax.com | |
| Live chat | |
| Instagram/LinkedIn/Twitter/Facebook | |
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
| Pros | Cons |
| Commission free | Offshore regulated |
| 24/7 customer support | Demo account unavailable |
| MT4/MT5 available | High max leverage |
| Spread from 0.0 Pips | Some negative comments |
| Various tradable instruments |
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.
| Tradable Instruments | Supported |
| Indices | ✔ |
| Metals | ✔ |
| Crypto | ✔ |
| Currency pairs | ✔ |
| 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).
| Account Type | Cent | Standard | ECN | Booster | Bonus | PRO |
| Minimum Deposit | $1 | $1 | $50 | $1 | $1 | $500 |
| Leverage | Up to 1:1000 | Up to 1:2000 | Up to 1:2000 | Up to 1:2000 | Up to 1:500 | Up to 1:2000 |
| Margin call/ Stop Out | 60% / 30% | 60% / 30% | 60% / 30% | 60% / 30% | 60% / 30% | 60% / 30% |
| Commission | No | No | $4 | No | No | No |
| Spreads | From 1.2 pip | From 1.2 pip | From 0 pip | From 2.0 pip | From 2.0 pip | From 0.6 pip |
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop(Windows)/Mobile(Android/iOS)/Web | Junior traders |
| MT5 | ✔ | Desktop(Windows/MacOS)/Mobile(Android/iOS)/Web | Experienced traders |
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.
KYY XITER
Indonesia
Very easy to make deposits and quick to enter without any obstacles
Positive
Raka Sungkan
Indonesia
Broker is very good, hopefully it will get better in the future, more professional, honest, and responsible
Positive
FX1456462672
Indonesia
only the withdrawal process is a bit slow
Neutral
Mhdyusuf Arafah
Indonesia
helps novice traders
Positive
Syahru 86
Indonesia
so far so good
Neutral
FX2293765159
Philippines
Valetax manipulated my profitable trades, causing losses. Be sure to carefully verify the platform's credentials.
Neutral
FX5331228652
Malaysia
The Australian "BPAY" payment method is not supported! When I tried to deposit money into Valetax, I couldn't find this option, so I had no choice but to use a credit card. A 20 AUD processing fee is charged for every 1,000 AUD, which is significantly more expensive than BPAY.
Neutral
FX9417717882
Malaysia
The shortcut keys for the "line drawing tool" on the market chart are different in the English and Chinese interfaces! This unnecessary difference significantly impacts operational efficiency. International users who occasionally switch languages to view different content often get confused by the shortcut keys.
Neutral
FX2495179814
Malaysia
Without professional guidance, I still have to research on my own. They're failing to solve practical problems for users.
Neutral
FX3896476381
Malaysia
The English customer service team is completely clueless about Canadian forex tax policies! I asked if profits from Valetax transactions require Canadian capital gains tax, and the customer service representative said, "I'm not sure about local taxes and recommend consulting an accountant."
Neutral
FX2362169554
Thailand
Compared to other platforms, Valetax is incredibly slow. Although traditional transfer fees are relatively low.
Neutral
FX2268771988
Thailand
'm used to viewing the market on my tablet, and missing this useful feature is incredibly inconvenient. International platforms shouldn't have different features between different systems. If updates were synchronized, the experience would be much better.
Neutral
FX6635567820
Malaysia
The Valetax English app has surprisingly different features on iOS and Android! I log in on my iPhone and see the "Volatility Ranking of Instruments."
Neutral
FX3228458610
Thailand
The experience is not very good to get a trader. The actual experience is like this
Neutral
FX1139261624
Malaysia
The estimated arrival time for international withdrawals is inaccurate! Customer service said, "EUR withdrawals will arrive in 2-3 days." My last withdrawal took four days, and I almost thought my money was lost.
Neutral
FX2254356886
Singapore
I think this trader is pretty good. The customer service attitude is very good and I feel the warmth.
Positive
FX1143285555
Thailand
The English interface doesn't have many pop-up ads, only during deposit promotions! I hate frequent pop-up ads.
Neutral
FX3211892064
Thailand
International account passwords are only valid for 90 days, requiring frequent changes! I have a bad memory and often forget my password, and having to verify my email and phone number every time I change is a hassle.
Neutral
FX3974367486
Thailand
While the English customer service is generally not very professional, their patience is excellent! I value their customer service and it's what keeps me using the platform.
Neutral
FX1547809770
Thailand
There are very few English user reviews on international forums, unlike on other platforms!
Neutral