ValexTrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-05 18:28

Abstract：ValexTrade is an offshore broker registered in Saint Vincent and the Grenadines, offering trading in Forex, Indices, Shares, and Commodities with leverage up to 1:300 and spread from 3 pips via a web-based platform. Demo accounts are not available and the minimum deposit requirement is as high as $250.

　　Note: ValexTrade' official website: https://valextrade.pro/ is currently inaccessible normally.

ValexTrade Review Summary
Founded	/
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex, Indices, Shares, Commodities
Demo Account	❌
Leverage	Up to 1:300
Spread	From 3 pips
Trading Platform	Web
Min Deposit	$250
Customer Support	Service time: Monday-Saturday: 9:00 a.m.-7:00 p.m
	Email: support@valextrade.pro
	Address: First Floor, First ST Vincent Bank LTD Building, James Street, Kingstown VC0100, St. Vincent and the Grenadines

　　ValexTrade is an offshore broker registered in Saint Vincent and the Grenadines, offering trading in Forex, Indices, Shares, and Commodities with leverage up to 1:300 and spread from 3 pips via a web-based platform. Demo accounts are not available and the minimum deposit requirement is as high as $250.

Pros and Cons

Pros	Cons
Multiple account types	Unlicensed and offshore status
Flexible leverage ratios	Inaccessible website
	No demo accounts available
	Wide spreads
	Weak trading platform
	High minimum deposit

Is ValexTrade Legit?

　　Valextrade operates from a location known for offshore scam activities, specifically St. Vincent and the Grenadines. This is a significant red flag for any broker, as companies based there are not licensed under any regulatory framework. Scammers often exploit this regulatory void to conduct their operations. Additionally, its website is currently inaccessible. It has no regulation.

What Can I Trade on ValexTrade?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Shares	✔
Commodities	✔
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　ValexTrade offers three kinds of accounts: the Elite, Classic-plus and Classic accounts with the minimum deposits of $15,000, $4,000 and $250.The amounts are too high for novices to trade their instruments.

Account Type	Min Deposit
Elite	$15,000
Classic-plus	$4,000
Classic	$250

Leverage

　　Trading leverage varies depending on trading accounts, flexible options ranging from 1:100 to 1:300, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Account Type	Max Leverage
Elite	1:100
Classic-plus	1:200
Classic	1:300

　　Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

　　ValexTrade provides a web trading platform that, unlike MetaTrader 4 (MT4) or MetaTrader 5 (MT5), lacks advanced features and is limited to only the most basic functionalities.

Trading Platform	Supported	Available Devices	Suitable for
Web	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　ValexTrade claims to allow deposits and withdrawals with credit cards and wire transfer, but the deposit menu focuses on cryptocurrencies such as Bitcoin, Litecoin and so on.