Score
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Score
Regulatory Index0.00
Business Index5.98
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
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1G
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Company Name
ValexTrade
Company Abbreviation
ValexTrade
Platform registered country and region
Saint Vincent and the Grenadines
Company website
Company summary
Pyramid scheme complaint
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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 | 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 |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Commodities | ✔ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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 |
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.
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 |
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.
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2022-12-16 16:53
