Valetax review.

Overview

TrueBroker is a free broker safety checker, and this page is our review of Valetax, scored 6.1 out of 10 across regulation, fees, platform, support and reviews.

The single most important thing to know before anything else: Valetax operates through more than one legal entity, and the licensed one is narrower than the group as a whole. The FSC Mauritius Online Public Register confirms Valetax International Limited as holding an SEC 2.1B Investment Dealer license (Full Service Dealer Excluding Underwriting), licensed 30/06/2021, though the register publishes the license type and date rather than the license number itself, so the number GB21026312 quoted on the firm’s own pages is not something we could confirm. Two more group entities sit outside that license: Valetax Global Limited, registered in St Vincent and the Grenadines, and Valetax Processing LTD, a Cyprus company that processes certain payment methods on the site.

Our previous review scored Valetax 5.1 out of 10; this review scores it 6.1. That move is our assessment, not a change in the firm, since both the criteria and the evidence behind them changed between reviews. The fees score of 9 out of 10 rests on the account types page, which states no swap or overnight financing fee applies under all six of Valetax’s account types (Cent, Standard, ECN, Booster, Bonus and PRO). Regulation still scores only 4.3, because the confirmed Mauritius license sits alongside two group entities with no financial license in the evidence, an inconsistency between the firm’s own stated Mauritius company number (given as both “C180644” and “180644” on different pages), and Terms & Conditions, Risk Disclosure and AML Manual pages that repeated attempts could not fetch.

Overview Table

Who operates Valetax

The platforms page names three entities under the Valetax name. Valetax International Limited is the Mauritius entity carrying the FSC license described above. Valetax Global Limited appears in the St Vincent and the Grenadines FSA entity name search under registration number 23398, listed as a BC Business Company, status Active, incorporated 11/05/2016, with registered agent Wilfred Services Ltd. The SVG FSA registers companies; it does not license forex or CFD brokers, so this confirms the company’s existence, not a financial license. Valetax Processing LTD is named on the platforms page as a Cyprus payment agent company, registration HE495274, that processes certain payment methods on the site; our mirror of the Cyprus company registry had no page for that number, which is a gap in that particular register’s coverage rather than a finding about the company. We have not checked the Mauritius company registry itself for either “C180644” or “180644”, the two different registration numbers the firm’s own pages give for Valetax International Limited.

What we checked and did not find against Valetax

We searched 1,441 warning list entries mirrored from CySEC, the FCA and the FSC Mauritius register, and Valetax matched none of them; we ran that search against six registers known to carry a listed firm first, as a control, so an empty result here means absence rather than a broken search. That is a clean result across the lists we mirror, not a clearance from every regulator worldwide. Separately, the site’s footer carries this disclaimer: “The Company does not accept liability for any errors, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, text, graphics, links, or other items contained on this website,” which covers the same account and fee pages this review draws from.

Where Valetax does not operate

The platforms page states no services are provided to residents of Afghanistan, Cuba, North Korea, Iran, Lesotho, Mauritius, Myanmar, Singapore or the United States of America, a list that notably includes both Mauritius, home to the firm’s licensed entity, and Singapore, the address given on its contact page.

Facts List

• The FSC Mauritius register confirms Valetax International Limited’s SEC 2.1B Investment Dealer license, licensed 30/06/2021, but does not publish the license number itself.
• Valetax Global Limited is registered in St Vincent and the Grenadines (BC company 23398, Active, incorporated 11/05/2016), a company registration rather than a financial license, per the SVG FSA register.
• Valetax Processing LTD is named as a Cyprus registered payment agent (HE495274) that processes certain payment methods; not checked against the Cyprus company registry.
• The firm’s own pages give two different Mauritius company registration numbers for Valetax International Limited: “C180644” in the footer and Legal Documents page, and “180644” on the About page.
• A search of 1,441 warning list entries mirrored from CySEC, the FCA and FSC Mauritius returned no match for Valetax.
• The site’s footer states a client does not learn which legal entity, Terms & Conditions or legal documents apply to them until after onboarding is complete.
• Terms & Conditions, Risk Disclosure Statement and AML Manual pages referenced from the Legal Documents page could not be fetched; repeated attempts returned page not found or empty content.
• Leverage on an account automatically steps down as account equity rises into the next tier, and is cut near rollover and around news releases, per the account pages.
• No swap or overnight financing fee applies under any of the six account types (Cent, Standard, ECN, Booster, Bonus, PRO), per the account types page.
• The homepage stat box states “6 Asset classes,” while the trading instruments page itself lists five: currency pairs, metals, indices, crypto and energies.

Key Takeaways

Score moves from 5.1 to 6.1

This review resets the score at 6.1 out of 10, up from the 5.1 we previously carried for Valetax. The move is our assessment, not a change in the firm: fees carry the heaviest weight in the new figure at 9 out of 10, sitting well above regulation at 4.3, support at 4.8 and reviews at 5.5, with platform in between at 6.9. The fee score reflects what the account pages actually show: no swap or overnight financing charge stated across all six account types (Cent, Standard, ECN, Booster, Bonus, PRO), and an ECN commission of $4 with spreads quoted from 0 pip. Regulation stays weak because the one confirmed licence covers a single Mauritius entity and the group’s other registrations do not.

What the Mauritius licence actually covers

The FSC Mauritius Online Public Register confirms Valetax International Limited holds an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licence, dated 30/06/2021. The register publishes the licence type and date but not a licence number, so the GB21026312 figure Valetax quotes is not itself confirmed on the register. Valetax Global Limited, the other named group entity, appears in the St Vincent and the Grenadines FSA entity search under registration number 23398, BC-Business Company, active since 2016-05-11 with registered agent Wilfred Services Ltd. The SVG FSA registers companies; it does not license forex or CFD brokers, so this confirms the company exists and nothing about permission to deal. The Cyprus entity, Valetax Processing LTD, is described on Valetax’s own platforms page as a payment agent company (HE495274), and our mirror of the Cyprus company registry has no page for that number, so this is not reported as an absence, only as unchecked. We have not yet looked up either Mauritius company registration number, C180644 or 180644, at the Mauritius Corporate and Business Registration Department, since that search only answers a person in a browser.

Valetax’s own pages do not agree with each other on that Mauritius number: the site footer and Legal Documents page give “C180644” while the About page’s Regulations text gives “180644”, missing the C prefix. We searched 1,441 warning-list entries mirrored from CySEC, the FCA and FSC Mauritius, and Valetax matches none of them, run against a positive control on six registers so an empty result means absence rather than a broken search. That is a clean result, and it covers only the lists we mirror, not every regulator that might publish one.

What Valetax charges to trade and withdraw

Across the six account types on the accounts page, minimum deposits run from $8 (Cent, Standard, Booster, Bonus) to $50 (ECN) to $500 (PRO). Spreads are quoted from 1.2 pip on Cent and Standard, from 2.0 pip on Booster and Bonus, from 0.6 pip on PRO, and from 0 pip with a $4 commission on ECN. Leverage differs sharply by account: up to 1:1000 on Cent, up to 1:2000 on Standard, ECN, Booster and PRO, but capped at 1:500 on Bonus, and margin call/stop-out sits at 60%/30% on all six. Our earlier review reported a USDT transaction fee of 1.5 USDT per transaction with a 50 USDT minimum; we have not verified that figure on Valetax’s own pages, so we restate it here as reported rather than as something we read ourselves.

Terms that move against a client automatically

The account pages state that a client’s Leverage Account tier decreases automatically as equity rises to the next tier, and increases again if equity drops 10% below that tier, both without a separate client request. The same pages state leverage is cut by 50% for new positions opened within two hours either side of rollover, and cut to 1:200 for positions opened within 15 minutes before or after rollover or within 10 minutes before and 5 minutes after significant news releases. None of this requires individual notice to the client at the time. Separately, the site-wide footer disclaims liability for “errors, inaccuracies, or omissions” in its own published website content, and states that which legal entity and which Terms & Conditions apply to a given client depends on which company they are onboarded to, with the applicable documents made available only after onboarding is complete. We attempted to fetch the Terms & Conditions, Risk Disclosure Statement, Privacy Policy and AML Manual directly and could not retrieve any of them across nine URL variations tried, so the binding contract terms behind that footer notice remain unverified from our side.

Support and platform on offer

Contact channels listed on the contact page are a Singapore address, a phone number and an email address; nothing on the fetched pages describes live chat, support hours or response-time commitments, which is consistent with the 4.8 support score. Trading runs on MetaTrader 4 and MetaTrader 5, each offered as desktop, web and mobile builds, with MT5 additionally supporting hedging and netting, Market Depth and up to 100 charts. The instruments page lists five asset classes, Currency Pairs, Metals, Indices, Crypto and Energies, while the homepage stat box claims six, a mismatch in Valetax’s own published figures. Valetax’s platforms page also states no services are provided to residents of Afghanistan, Cuba, North Korea, Iran, Lesotho, Mauritius, Myanmar, Singapore or the United States.

Licenses & Regulation

The score here moves to 6.1/10 from 5.1/10 in our previous review. Regulation itself is the weakest of the criteria we scored this time, at 4.3, and the entity picture explains why: one confirmed licensed entity sits alongside a second group company that is registered but not licensed anywhere, a third that has not turned up in any register we can search, and a company number the firm’s own pages cannot agree on.

What the Mauritius licence covers, and what it does not

We searched the Financial Services Commission (FSC) of Mauritius register directly, and it confirms Valetax International Limited holds an SEC-2.1B Investment Dealer licence (Full Service Dealer, excluding Underwriting), licensed 30/06/2021. That confirmation has a limit worth stating precisely: the FSC register publishes the licence type and date but not a licence number, so while the company and its permission are confirmed, the number the firm quotes on its own site, GB21026312, is not something we could check against the register.

The firm’s Mauritius company registration number is a separate figure from that licence number, and the firm’s own pages do not agree on what it is. The site-wide footer and the Legal Documents page give it as C180644; the About page’s Regulations text gives it as 180644, with no “C” prefix. We have not looked up either number at the Mauritius Corporate and Business Registration Department, since that registry’s online search only answers a person working it in a browser rather than an automated query, so that company-registration figure stays unverified by us in either form. It is a gap in our checking, not a finding about the firm.

Valetax Global Limited: a company registration, not a trading licence

The website also names Valetax Global Limited as a group entity registered in St. Vincent and the Grenadines. We searched the St Vincent and the Grenadines FSA entity name search directly and it confirms the company: registration number 23398, BC-Business Company, status Active, incorporated 2016-05-11, registered agent Wilfred Services Ltd. What that register does not do is licence anyone to deal in forex or CFDs, so this confirmation is of the company’s existence, not of any financial-services permission for it to hold client trading business. A client dealing with the SVG entity, rather than the Mauritius one, is dealing with a company that is registered but not shown by any register we checked to be licensed for this activity.

Valetax Processing LTD and the Cyprus gap

A third entity, Valetax Processing LTD, is named on the site as a Cyprus payment agent handling certain payment methods, with company number HE495274. We were not able to check this one either way: the commercial mirror we use for the Cyprus company registry has no page for that number, and a commercial mirror can lag the official register, so this is a gap in our checking rather than a finding that the company is unregistered.

Which entity a client actually signs with

The site’s own footer notice states plainly that the site “operates as a group domain and may display information relating to more than one legal entity,” and that “the legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded,” adding that “once onboarding is completed, only the documents applicable to your broker will be made available to you.” Read against the entity list above, that means a prospective client cannot establish in advance whether they are opening an account with the Mauritius-licensed dealer or with the SVG company that carries no trading licence we could find, nor can they read the terms that would apply until after that assignment has already happened.

We also tried to fetch the firm’s own Terms & Conditions, Risk Disclosure Statement, Privacy Policy and AML Manual, linked from the Legal Documents page for both entities. Repeated attempts at the standard paths for these documents returned page-not-found or empty responses, so the contract terms that would settle governing law, liability and dispute resolution for either entity are not things we were able to read; what is checkable here is limited to the marketing and account pages and the register entries above.

The warning-list check

We searched 1,441 warning-list entries mirrored from CySEC, the FCA and the FSC Mauritius, and Valetax does not appear on any of them. We ran a positive control on six registers first, searching for a firm known to be listed, so an empty result here means absence rather than a search that quietly failed. That result covers only the regulators we mirror, not a global sweep, but within that scope it is a clean one.

How to Trade

Valetax runs six account types on MetaTrader 4 and MetaTrader 5, and the six differ enough in leverage, spread and instrument count that the account choice does most of the work of setting the trading terms.

Account types and what each one actually offers

The account-types page lists Cent, Standard, ECN, Booster, Bonus and PRO. Cent opens from $8, trades in a contract size of 1 lot = 1,000, carries leverage up to 1:1000, no commission, spread from 1.2 pip, and access to 32 instruments. Standard also opens from $8 but moves to a full 1 lot = 100,000 contract size, leverage up to 1:2000, no commission, spread from 1.2 pip, and 52 instruments, the widest count of any tier. ECN opens from $50, keeps the 100,000 contract size and 1:2000 leverage, and switches to a $4 commission with spread from 0 pip across 42 instruments. Booster opens from $8 with the same contract size and leverage as ECN, no commission, spread from 2.0 pip, and 49 instruments. Bonus opens from $8, caps leverage at 1:500 rather than 1:2000, no commission, spread from 2.0 pip, only 20 instruments, and MT4 only, no MT5. PRO needs $500 to open, keeps 1:2000 leverage and no commission, and offers spread from 0.6 pip across 42 instruments. All six pages state swap and overnight financing is not applicable, in every region.

Leverage moves on its own, not just at account opening

The leverage terms set out on the account pages describe leverage as something that changes automatically as a position sits open, not just a figure chosen when the account is opened. The Leverage Account tier decreases automatically as equity rises to the next tier, within a few minutes; if equity then drops 10% below that tier level, leverage increases back to the corresponding tier. Separately, leverage is cut by 50% from the tier value for any new position opened within the two hours before or after rollover, and is reduced further, to 1:200, for positions opened within 15 minutes either side of rollover and within 10 minutes before or 5 minutes after significant news releases. None of this requires a separate request or notice to the client; the account pages describe it as automatic.

What Valetax lists as tradable

The trading-instruments page groups the tradable range into five categories: currency pairs, described as over 60 pairs across majors, minors and exotics; metals, for gold and silver price speculation; indices, described as commission-free trading on top-tier companies’ indices; crypto, described as leading cryptocurrencies such as Bitcoin and Ethereum; and energies, described as energies and exotics with zero commissions.

Platforms across desktop, web and mobile

Valetax offers MetaTrader 4 and MetaTrader 5 on desktop, web and mobile. The MT4 desktop download for Windows is described with 9 timeframes, 30 technical indicators and 24 analytical objects; the MT5 desktop download adds hedging and netting support, Market Depth, 38 indicators, 44 analytical objects and up to 100 charts. Both also run as browser-based web platforms needing no installation, with the MT5 web version specified as working across MacOS, Linux and Windows through Chrome, Safari, Edge, Opera and Firefox. MT4 and MT5 mobile apps are listed for Android and iOS, with the MT5 mobile app again carrying netting, hedging and market depth support. Bonus-account holders are limited to MT4 only among these; every other tier runs on both platforms.

Where Valetax will not open an account

The platforms page states Valetax provides no services to residents of Afghanistan, Cuba, North Korea, Iran, Lesotho, Mauritius, Myanmar, Singapore and the United States. Mauritius sitting on that list is notable given that Valetax International Limited is the licensed entity in that jurisdiction.

What is not available to check

The pages that would set out the binding trading rules in full, the Terms & Conditions, Risk Disclosure Statement and AML Manual linked from the Legal Documents page, could not be fetched; repeated attempts at the usual terms and risk-disclosure paths returned page-not-found or empty responses. What’s written above comes from the account and platform marketing pages, not from that underlying contract text, so figures like the exact leverage step-downs and margin call level (a 60% margin call / 30% stop-out is stated identically across all six accounts) are as published on those pages rather than as confirmed in the client agreement itself. The site’s own footer disclaimer states plainly that “The Company does not accept liability for any errors, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, text, graphics, links, or other items contained on this website,” which covers the same account and instrument figures quoted above.

Account Types

Valetax’s own account page lists six account types: Cent, Standard, ECN, Booster, Bonus and PRO. The page lists a minimum deposit, spread and commission for each, though the figures are not all different: Cent and Standard both show an $8 minimum deposit and a 1.2 pip spread, and Booster and Bonus both show an $8 minimum deposit and a 2.0 pip spread. The page states that none of the six charges a swap or overnight financing fee.

The account page gives the contract size as 1 lot = 1,000 units on Cent and 1 lot = 100,000 units on the other five, and states the same margin call and stop-out levels, 60% and 30%, across all six. ECN is the only tier the page shows charging a per-lot commission, $4, against a spread starting at 0 pips; the other five carry no stated commission but wider spread floors. PRO sits at the top of the deposit scale, $500, for a spread floor of 0.6 pips, while Cent and Standard open at $8. The Bonus account is also the narrowest in reach: 20 instruments and MT4 only, against 42 to 52 instruments and both MT4 and MT5 on the other tiers.

How Valetax’s leverage actually moves

The leverage figures in the table above are ceilings, not fixed settings. The account pages describe a tiering mechanism under which the leverage tier on an account decreases automatically as Equity rises to the next tier within a few minutes, and increases back to the corresponding tier if equity then drops 10% below that tier level, with no separate request or consent from the client at each step. The same pages state that leverage is cut by 50% from the tier value for new positions opened within two hours either side of rollover, and cut further, to 1:200, for positions opened within 15 minutes of rollover or within 10 minutes before and 5 minutes after significant news releases. A trader reading the 1:2000 figure on Standard, Booster, ECN or PRO is reading a maximum that the account itself reduces automatically around the times many retail traders are most active.

What Valetax’s account pages don’t settle

The site’s footer carries a group notice stating that the domain “may display information relating to more than one legal entity” and that “the legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded,” adding that “once onboarding is completed, only the documents applicable to your broker will be made available to you.” Read against the account table above, that means the spreads, commissions and leverage ceilings quoted for each tier are published before a prospective client can see which entity’s contract actually applies to their account. We tried to fetch the linked Terms & Conditions, Risk Disclosure Statement and AML Manual pages for both entities and every attempt, across nine different URL paths, returned a page-not-found or an empty body, so the clauses that would set withdrawal terms, liability caps and dispute resolution for any one of these six accounts remain unverified from our own reading.

One more inconsistency sits in the firm’s own account-adjacent figures: the Mauritius company registration number appears as “C180644” in the site footer and Legal Documents page but as “180644,” without the C prefix, on the About page’s own regulations text. It doesn’t change what any account costs, but it’s the kind of detail that should match across a broker’s own pages and here does not.

Negative Balance Protection

The clearest loss-limit mechanic on Valetax’s own account pages is the margin call and stop out level, which is stated the same way across all six account types: Cent, Standard, ECN, Booster, Bonus and PRO all carry a margin call at 60% and a stop out at 30%. That figure is the mechanism that closes a losing position before it runs further into deficit, and it applies uniformly regardless of which account a client opens or how much they deposit.

How Valetax’s leverage tiers move against a losing or growing account

A separate set of account-page rules changes the leverage itself in response to equity, rather than just triggering a stop out. As equity rises, the account’s leverage tier decreases automatically within a few minutes; if equity then drops 10% below that tier level, leverage increases back to the corresponding tier. The same rules cut leverage around specific events: for new positions opened two hours before and after rollover, leverage is reduced by 50% from the tier value, and for positions opened within 15 minutes either side of rollover, or within 10 minutes before and 5 minutes after significant news releases, leverage is reduced to 1:200. None of this is optional or request-based; it applies to the account automatically, and a client trading through a news window or a rollover has less leverage available than the account’s headline figure suggests.

What Valetax’s own pages do not say about negative balance protection

The account and platform pages we fetched describe stop out and leverage-tier mechanics but do not state a negative balance protection policy in so many words. The pages that would normally carry that commitment, the firm’s Terms & Conditions, Risk Disclosure Statement and related legal documents, could not be retrieved: repeated attempts at the firm’s /terms, /terms-and-conditions, /client-agreement, /legal/terms, /company/terms-and-conditions, /legal-documents/client-agreement, /risk-disclosure, /risk-warning and /risk paths all returned a page-not-found result or an empty body. That leaves the account pages’ margin call and stop out figures as the only first-hand evidence of how Valetax limits a client’s losses; whether a client can still end up owing the broker money after a stop out, and what happens if they do, is not something we can confirm from the pages that loaded.

Compounding that gap, the site’s own footer carries a notice that “This website operates as a group domain and may display information relating to more than one legal entity. The legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded. Once onboarding is completed, only the documents applicable to your broker will be made available to you.” On Valetax’s own wording, a prospective client cannot read the specific risk disclosure or client agreement that will govern their account, including any negative balance protection clause it might contain, until after they have already onboarded to one of the group’s entities.

A region-based exclusion reported elsewhere, not on Valetax’s own pages

The earlier published review reported that negative balance protection availability varies by region, with specific exclusions named for Malaysia and Indonesia. That detail did not appear on any of the Valetax pages we fetched for this review, so we cannot confirm it as the firm’s own published position; it is carried here only as what the earlier review reported, not as something Valetax states.

The firm’s general disclaimer on its own published figures

Separately from any loss-limit clause, Valetax’s site-wide footer states that “The Company does not accept liability for any errors, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, text, graphics, links, or other items contained on this website.” That disclaimer covers the website generally, including the margin call, stop out and leverage figures quoted above, and it sits alongside the unfetchable risk disclosure as a second reason a client should treat the account pages as a starting point rather than the final word on how losses are capped.

Trading Instruments

Valetax’s own trading-instruments page lists five categories: Currency Pairs, described as over 60 pairs “including major, minor and exotics”; Metals, limited to Gold and Silver price speculation; Indices, offered commission-free on what the page calls “top-tier companies’ indices”; Crypto, covering “leading cryptocurrencies such as Bitcoin, Ethereum and more” without naming a fuller list; and Energies, also offered at zero commission. That is the full range the firm’s own markets page states.

The homepage stat box claims “6 Asset classes,” but the trading-instruments page itself only lists the five above. We are reporting what the firm’s own two pages say, not resolving the discrepancy between them, because nothing on either page names a sixth category.

What Valetax actually offers per account

The six account pages each carry their own instrument count, and the counts vary a good deal: Cent lists 32 trading instruments, Standard 52, ECN 42, Booster 49, Bonus 20, and PRO 42. The Bonus account is also the only one restricted to MT4, while every other tier supports both MT4 and MT5. A trader who opens a Cent or Bonus account is not getting access to the same instrument range as one who opens Standard, even though the marketing page describes the five asset classes as a single unified list. The account pages do not break down which specific instruments sit inside each count, so it is not possible to say from this evidence which currency pairs, metals or crypto names drop out of the smaller tiers.

Leverage also varies by account rather than by asset class: Cent caps at 1:1000, Bonus at 1:500, and Standard, ECN, Booster and PRO all go up to 1:2000, per the same account pages. Separately, leverage rules published on the accounts pages state that the leverage tier tied to an account decreases automatically as equity rises, and increases again if equity drops 10% below the tier level, within a few minutes of the equity move, with no separate client request or consent described for either direction. The same rules cut leverage by 50% for new positions opened within two hours either side of rollover, and to 1:200 for positions opened within 15 minutes of rollover or within 10 minutes before and 5 minutes after significant news releases.

Platforms carrying the instruments

Valetax runs MetaTrader 4 and MetaTrader 5 across desktop, web browser and mobile, per its platforms page. The MT4 desktop build is described as offering 9 timeframes, 30 technical indicators and 24 analytical objects; MT5 desktop adds hedging and netting modes, Market Depth, 38 indicators, 44 analytical objects and up to 100 charts. Both have browser-based web versions requiring no installation, and both have Android and iOS mobile apps, with the MT5 mobile build again listed as supporting netting, hedging and market depth. The site’s navigation also lists a separate “Mobile App” item alongside the MT4/MT5 mobile links, though the platforms page does not explain what distinguishes it from the MetaTrader mobile apps already listed.

Who can actually trade these assets

The platforms page states Valetax provides no services to residents of Afghanistan, Cuba, North Korea, Iran, Lesotho, Mauritius, Myanmar, Singapore and the United States. That list is worth reading against the firm’s own registration details: the licensed entity, Valetax International Limited, is domiciled in Mauritius and holds its SEC-2.1B Investment Dealer licence from the Mauritius FSC, which we confirmed directly on the FSC Mauritius Online Public Register; the firm’s contact page gives a Singapore address for support. Both of those jurisdictions sit on the firm’s own no-service list. We are not drawing a conclusion from that pairing beyond stating it, since the platforms page does not explain the exclusions.

Swap or overnight financing charges are stated as “Not applicable” across all six account types on the accounts page, which the firm presents as a swap-free structure covering every tier rather than a separate Islamic-account option layered on top of standard pricing.

Education & Analysis

Valetax pushes clients onto MetaTrader 4 and MetaTrader 5, in every form the two platforms come in: Windows desktop downloads, browser-based web platforms, and Android/iOS mobile apps, plus a separate “Mobile App” listing in the site’s own navigation alongside the MT4/MT5 mobile links. There is no proprietary platform and no third-party option such as cTrader or TradingView on the pages fetched; the choice is MT4 or MT5, in whichever wrapper suits the device.

What MT4 and MT5 actually offer on Valetax

The platforms page breaks the two down by feature count. MT4 desktop ships with 9 timeframes, 30 technical indicators and 24 analytical objects. MT5 desktop goes further: 38 indicators, 44 analytical objects, support for both hedging and netting position modes, Market Depth, and up to 100 charts open at once. The web versions of both are described as matching their desktop counterparts feature-for-feature, with the MT5 web platform specifically flagged as running through Chrome, Safari, Edge, Opera or Firefox on MacOS, Linux or Windows. Mobile versions of both platforms are available for Android and iOS, and the MT5 mobile app carries over netting, hedging and market depth from the desktop build.

That is a standard MetaQuotes feature set, not something Valetax has built or customized. Nothing in the fetched pages describes proprietary indicators, custom scripts, or in-house charting tools layered on top of MT4/MT5.

Platform access by account type

The account pages tie platform availability to account tier rather than offering the same access across the board. Five of the six account types (Cent, Standard, ECN, Booster, PRO) list both MT4 and MT5. The Bonus account is the exception: its feature line states MT4 only, meaning a client on that tier does not get the MT5 feature set (netting/hedging modes, Market Depth, the higher indicator count) described above.

Instruments to chart

The markets page lists five categories: Currency Pairs (put at over 60 pairs, spanning majors, minors and exotics), Metals (Gold and Silver), Indices (described as commission-free trading on “top-tier companies’ indices”), Crypto (named examples Bitcoin and Ethereum, among others), and Energies (also flagged commission-free). Worth flagging: the homepage stat box separately claims “6 Asset classes,” but the markets page itself only lists five categories, so the firm’s own headline figure and its own instrument list do not agree.

What the account pages leave out

The account-comparison table on the accounts page is detailed on spreads, commissions, leverage and margin call/stop-out levels for each of the six tiers, but it is silent on charting or analysis tools beyond naming MT4/MT5 as the trading platform for each account. There is no mention, on the pages fetched, of an economic calendar, built-in news feed, autochartist-style pattern recognition, or any third-party research or signal service bundled with an account. Absence of a page describing such tools is not the same as absence of the tools themselves; it means none was found in what was fetched, including the fetch attempts on the firm’s terms and legal pages, which returned “page not found” or empty bodies across every path tried (/terms, /terms-and-conditions, /client-agreement, /legal/terms, /company/terms-and-conditions, /legal-documents/client-agreement, /risk-disclosure, /risk-warning, /risk). Those pages might describe platform terms of use or data licensing not covered by the marketing pages; they were not readable in this pass.

Score context

The platform criterion sits at 6.9/10 in this review, against the 5.1/10 in our previous review of this broker, which was an overall score set on different criteria. The scoring criteria and the overall figure both changed between reviews, and this review scores the platform on what the fetched account and platform pages currently show: full-range MT4/MT5 coverage across desktop, web and mobile, including MT5-specific features like netting, hedging and Market Depth, with the one gap being the Bonus account’s MT4-only restriction and the general absence of any non-MetaTrader or proprietary charting tool on the pages reviewed.

Special Offers

Nothing we fetched from Valetax reads as a dedicated promotions page. There is no deposit-match percentage, no cashback schedule, no welcome credit, no turnover requirement, and no expiry date tied to a named campaign on any of the pages we pulled. That is a description of what we hold, not a claim that Valetax runs no such campaigns anywhere: we did not fetch a promotions page, so we cannot report what one would say.

The one promotional word in Valetax’s own account list

The closest thing to a special offer in what we fetched is the name of an account tier. Valetax’s own account-types page lists six tiers: Cent, Standard, ECN, Booster, Bonus and PRO. Every tier, including the one named “Bonus,” is described on that page using the same fixed set of fields: minimum deposit, contract size, leverage, margin call and stop-out level, commission, spread and instrument count. The page says nothing about what the bonus itself consists of, how large it is, how or when it is credited to an account, or whether accepting it carries a turnover condition before the funds or profits can be withdrawn.

What the same page does show is what a trader gives up by choosing the tier carrying that name. Set next to Standard, the other account with the same $8 minimum deposit:

On the figures the accounts page itself publishes, the tier named Bonus carries a wider quoted spread, a lower leverage ceiling, fewer than half the tradable instruments, and no MT5 access, next to a same-minimum-deposit tier that carries none of those restrictions. Whatever the bonus itself turns out to be, the page attaches it to a narrower set of trading conditions than Standard offers for the same $8.

Conditions that would govern any Valetax offer, without saying what the offer is

Two clauses that sit outside the accounts page bear on any bonus or promotional term a client might be offered. Valetax’s site-wide footer disclaimer states that “the Company does not accept liability for any errors, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, text, graphics, links, or other items contained on this website,” which covers the account-page figures above along with everything else published there. Separately, the same footer notes that the site “operates as a group domain and may display information relating to more than one legal entity,” and that “the legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded,” available only “once onboarding is completed.” On Valetax’s own wording, a client cannot read the terms and conditions attached to their specific entity, including any that would govern a bonus, until after they have already signed up to it.

We could not fetch Valetax’s Terms & Conditions, Risk Disclosure Statement or AML Manual pages themselves; repeated attempts at the paths linked from the firm’s Legal Documents page returned no content. Any wagering, expiry or withdrawal condition that a bonus programme would normally carry sits in exactly the kind of document that was not retrievable, so it is not reported here.

One further point on conditions comes from the earlier review of Valetax not from a page we fetched ourselves: it reported that negative balance protection is available but that its availability varies by region, with specific exclusions named for Malaysia and Indonesia. We have not verified that scope against any of Valetax’s own pages, so it is carried here only as what the earlier review reported, not as Valetax’s own published statement.

Opening an Account

Valetax runs six account tiers rather than one signup flow, and which tier gets picked shapes the minimum deposit, per Valetax’s own account-types page.

Valetax’s six account tiers

All six carry the same margin call and stop-out levels, 60% and 30% respectively, according to the account-types page. PRO is the one tier that sets a meaningfully higher bar to open, at $500 against $8 for four of the other five.

Which Valetax entity a client actually signs up with

Valetax’s platforms page names three legal entities under the same brand: Valetax International Limited, licensed in Mauritius; Valetax Global Limited, registered in St. Vincent and the Grenadines; and Valetax Processing LTD, a Cyprus-registered company the site uses to process certain payment methods. The FSC Mauritius register confirms Valetax International Limited holds an SEC-2.1B Investment Dealer (Full Service Dealer Excluding Underwriting) licence dated 30 June 2021, though the register publishes only the licence type and date, not a licence number, so the “GB21026312” figure Valetax quotes is not itself confirmed by the register. The St. Vincent and the Grenadines FSA register separately confirms Valetax Global Limited as an active Business Company, registration number 23398, incorporated 11 May 2016, with Wilfred Services Ltd. as registered agent, but the SVG FSA registers companies rather than licensing forex or CFD brokers, so that entry confirms the company and not a financial permission.

Which of these entities a new client actually ends up contracted with is not disclosed before signup. Valetax’s own site-wide footer notice states: “This website operates as a group domain and may display information relating to more than one legal entity. The legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded. Once onboarding is completed, only the documents applicable to your broker will be made available to you.” That means the specific terms, and the specific regulatory status, governing an account are not available to read until after the account has already been opened.

What we could not check on verification

Valetax’s Legal Documents page links out to a Terms & Conditions, a Risk Disclosure Statement, a Privacy Policy and an AML Manual for both entities. We tried to fetch each of these repeatedly, across the likely URL paths, and every attempt came back either “page not found” or an empty page. That means this review cannot set out Valetax’s identity-verification or AML checklist from the firm’s own documents; only the account-tier and marketing pages were reachable, and none of those describe a KYC process.

Who Valetax will not onboard

The platforms page lists residents of Afghanistan, Cuba, North Korea, Iran, Lesotho, Mauritius, Myanmar, Singapore and the United States of America as excluded from service. Two of those exclusions stand out against the rest of the evidence: Mauritius is where the licensed entity, Valetax International Limited, is itself based, and Singapore is the address Valetax’s own contact page gives for the firm, 1 Tampines North Drive 1, T-Space, Singapore, 528559.

Funding minimums by method

An earlier review of Valetax reported per-method minimums for funding an account once opened: USDT deposits carry a 50 USDT minimum and a 1.5 USDT fee per transaction, and local banking transfers for Malaysia and Indonesia carry a 50 MYR/IDR minimum. These figures were not found on any of Valetax’s own pages we were able to fetch, so they are restated here as what the earlier review reported rather than as Valetax’s own published terms.

Deposits & Withdrawals

Valetax’s own account pages list six live types, Cent, Standard, ECN, Booster, Bonus and PRO, and every one of them carries a minimum deposit figure: $8 for Cent, Standard, Booster and Bonus, $50 for ECN, and $500 for PRO. All six pages state “Not applicable” for swap or overnight financing fees, so nothing on the account pages themselves describes what it costs to move money in or out.

For that, the only material available is what an earlier published review of Valetax reported, and it is restated here as such rather than as anything we read on the firm’s own site. That earlier review listed bank transfer (processing 1 to 3 days, fees said to vary, offered globally), local banking for Malaysia and Indonesia with a 50 MYR/IDR minimum and no fee, e-wallets (instant to a few hours, fees said to vary, offered in selected regions only), USDT (minutes to hours, a flat 1.5 USDT fee, minimum transaction 50 USDT, offered globally) and cards (instant, fees said to vary, offered in limited regions). None of these figures come from a Valetax page we fetched, so they should be read as what the earlier review found, not as Valetax’s own published terms.

Why we can’t check Valetax’s withdrawal terms directly

We tried to fetch the firm’s own Terms & Conditions, Risk Disclosure Statement, Privacy Policy and AML Manual, the documents that would normally set out minimum withdrawal amounts, processing windows, and any right to charge or delay a withdrawal. Every route we tried, including /terms, /terms-and-conditions, /client-agreement, /legal/terms, /company/terms-and-conditions, /legal-documents/client-agreement, /risk-disclosure, /risk-warning and /risk, came back as a page not found or an empty body. So the withdrawal mechanics that would normally sit in a client agreement are not verifiable from anything we could open; what follows is limited to account-page figures and the earlier review’s payment table.

That gap matters more than usual here because of a notice on Valetax’s own site pages: the footer states that the site “operates as a group domain and may display information relating to more than one legal entity,” that “the legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded,” and that “once onboarding is completed, only the documents applicable to your broker will be made available to you.” Read plainly, a prospective client cannot see which entity’s terms, and therefore which entity’s withdrawal rules, apply to their account until after they have already signed up.

Which Valetax entity actually holds the money

The FSC Mauritius Online Public Register confirms Valetax International Limited as an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting), licensed 30/06/2021; the register publishes the licence type and date but not a licence number, so the number GB21026312 quoted on Valetax’s own pages is not itself confirmed by the register. Separately, the St Vincent and the Grenadines FSA entity search confirms Valetax Global Limited, registration number 23398, incorporated 2016-05-11, status Active. That register is a company registry, not a financial regulator, so it confirms the company exists and nothing about any trading permission. A client onboarded to the SVG entity rather than the Mauritius-licensed one would be dealing with a company whose deposit and withdrawal terms sit outside the regulator we were able to check. Valetax’s pages also name a third company, Valetax Processing LTD, registered in Cyprus, as the entity that processes certain payment methods on the site; the mirror we checked has no record for its stated registration number HE495274, which is a gap in that particular mirror rather than a finding about the company.

We also note the Mauritius company registration number itself is given two ways on Valetax’s own pages: “C180644” in the site-wide footer and Legal Documents page, and “180644,” without the C prefix, on the About page. Neither figure is the FSC licence number above; both describe the separate company-registration record.

What this means for money in and out

Deposits into Cent, Standard, Booster and Bonus start at $8 on Valetax’s own account pages; ECN needs $50 and PRO needs $500. Beyond that entry threshold, and beyond the unattributed processing times and fees carried over from the earlier review, we have no verified figure from Valetax itself for a minimum withdrawal, a withdrawal processing window, or any fee the firm charges on the way out. The USDT figures are the most specific in the payments table, a 1.5 USDT charge per transaction against a 50 USDT minimum, but they too come from the earlier review rather than from a Valetax page, and we could not locate a fee schedule or terms page to check them against.

The warning-list search we ran covers 1441 entries mirrored from CySEC, the FCA and the FSC Mauritius, and Valetax does not appear on any of them. That is a clean result worth recording on its own terms: it says the firm is not currently flagged on the three lists we mirror, not that its withdrawal terms are sound, since those lists are not built to test payment conduct.

Customer Support

Valetax lists three contact channels on its contact page: a phone number, +6569315022, an email address, contact@valetax.com, and a Singapore address, 1 Tampines North Drive 1, T-Space, Singapore, 528559. That is the full set of support channels the firm’s own contact page gives; it does not list live chat, a ticketing portal, or a support-response time commitment, so none of that is reported here.

What Valetax’s own pages say about support

The Singapore address on the contact page is not tied to any licence in the evidence we hold. The one confirmed regulatory record, the Financial Services Commission of Mauritius, shows Valetax International Limited holding an SEC-2.1B Investment Dealer licence dated 30/06/2021; that register entry publishes the licence type and date but not the licence number, and a client dealing with Valetax International Limited would be routing a complaint to the Singapore phone number and email address listed on the general contact page rather than to anything the Mauritius register itself operates.

What we could not verify

We tried to fetch Valetax’s Terms & Conditions, Risk Disclosure Statement, Privacy Policy and AML Manual pages, linked from the firm’s Legal Documents page, and repeated attempts at the terms, client-agreement, risk-disclosure and risk-warning URLs all returned a page-not-found result or an empty body. That means the complaints procedure, dispute-resolution process and any contractual response-time commitment that would normally sit in those documents are not readable from what we fetched, and this review does not state what they contain.

The site’s footer carries a notice that the website “operates as a group domain and may display information relating to more than one legal entity” and that “the legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded,” adding that “once onboarding is completed, only the documents applicable to your broker will be made available to you.” Put plainly, a prospective client cannot see which entity, Valetax International Limited in Mauritius, Valetax Global Limited in St. Vincent and the Grenadines, or Valetax Processing LTD in Cyprus, they will actually be contracted to, nor read that entity’s specific terms, until after the account is opened. For a support query or a complaint, that means the client does not know in advance which entity’s complaints process and which jurisdiction’s rules will apply to them.

The same footer also carries a general disclaimer that “the Company does not accept liability for any errors, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, text, graphics, links, or other items contained on this website.” That disclaimer covers the website’s own content, including the account and trading-condition pages a client would rely on when raising a query with support about a discrepancy in advertised terms.

Warning-list result

We searched 1,441 warning-list entries mirrored from the CySEC, FCA and FSC Mauritius warning lists, and Valetax does not appear on any of them. That covers only the three regulators we mirror, not every regulator, and a clean result on those lists is not itself a statement about the quality of the firm’s support handling.

Score

Our previous review scored Valetax’s support at a level that produced an overall 5.1/10; this review scores support 4.8/10 and overall 6.1/10. That move is our assessment on rescoring, not a claim that Valetax’s support has changed, and it reflects what the evidence here actually shows: a contact page giving one phone number, one email address and one office address, no published response-time commitment, and legal-document pages that returned not-found when we tried to fetch them, leaving the complaints and dispute-resolution process unverified from the firm’s own text.

Prohibited Countries

Valetax’s own platforms page states that it does not provide services to residents of Afghanistan, Cuba, North Korea, Iran, Lesotho, Mauritius, Myanmar, Singapore and the United States of America. That list sits on the firm’s own site, not in a register filing, so it is the firm’s statement of who it will not onboard rather than a regulator’s.

Mauritius is on Valetax’s own exclusion list, and Valetax International Limited is licensed there

The Financial Services Commission (FSC) of Mauritius register confirms Valetax International Limited holds an SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licence, dated 30/06/2021. That is the entity the firm names as its regulated dealer. The same exclusion list on the platforms page names Mauritius among the countries the firm will not serve. We read this as written: the register confirms the licence and its date but not the licence number quoted on the site, GB21026312, which the register does not publish. We are not in a position to say why a Mauritius-licensed entity would exclude Mauritian residents; the evidence gives us the fact, not the reasoning, and we report it rather than guess at it.

Singapore appears twice, as an exclusion and as a support address

The same exclusion list bars Singapore residents from the firm’s services. Valetax’s own contact page gives a Singapore address for support: 1 Tampines North Drive 1, T-Space, Singapore, 528559, alongside a Singapore phone number, +6569315022. Nothing in the evidence explains the relationship between an operational address in a jurisdiction the firm will not onboard clients from; we note both facts as the firm published them, without inferring a connection between them.

What the exclusion list does not tell a reader

The page states the nine excluded countries and nothing about how the restriction is enforced, whether it is applied by residency, citizenship or IP address, or what happens to an account already open when a client relocates into one of the listed countries. We could not fetch Valetax’s Terms & Conditions, Risk Disclosure Statement or AML Manual pages; repeated attempts at the standard paths for those documents returned page-not-found or empty responses. Any onboarding eligibility rules, verification requirements or account-closure procedure tied to jurisdiction would normally sit in that contract text, and we simply do not have it. The site’s own footer notice adds a separate complication: it states that “this website operates as a group domain and may display information relating to more than one legal entity” and that “the legal entity applicable to you, together with the relevant Terms & Conditions and legal documents, will depend on the company with which you are onboarded,” with those documents made available only “once onboarding is completed.” A prospective client reading the exclusion list before signing up cannot know, from the pages we could fetch, which entity’s terms and which jurisdiction-specific rules would actually apply to their account.

Two other entities named, without their own stated restrictions

The site also names Valetax Global Limited, registered in St Vincent and the Grenadines under number 23398 as an active BC-Business Company incorporated 2016-05-11 with registered agent Wilfred Services Ltd, confirmed on the SVG FSA entity search. The SVG FSA registers companies; it does not license forex or CFD brokers, so this confirms the company’s existence, not a trading permission. A third entity, Valetax Processing LTD, is named as a Cyprus payment agent company handling certain payment methods on the website, with company number HE495274; our Cyprus company registry mirror has no page for that number, so this is unchecked rather than a finding either way. Neither of these two entities carries its own stated list of prohibited countries in the evidence we have; the nine-country exclusion on the platforms page is written as a single group-wide list rather than tied to one entity.

Conclusion

Valetax scores 6.1 out of 10 in this review, up from the 5.1 we gave it previously. The move is ours: this rewrite draws on a fuller set of checked registers and fee pages than the earlier version had, and the individual criteria land differently as a result, not because Valetax has changed what it offers.

Why the regulation score stays weak

Regulation scores 4.3. The FSC Mauritius Online Public Register confirms Valetax International Limited holds an SEC-2.1B Investment Dealer (Full Service Dealer Excluding Underwriting) licence, dated 30/06/2021, which is a real licence for a real activity. But the register publishes the licence type and date, not a licence number, so the “GB21026312” figure the firm quotes is not itself confirmed by what we checked. The St Vincent and the Grenadines FSA register confirms Valetax Global Limited as an active Business Company under number 23398, incorporated 2016-05-11, but that register records companies, not financial-services permissions, so it confirms the entity and nothing about its right to deal in CFDs. We have not checked the Mauritius company registry entry for either “C180644” or “180644”, and Valetax’s own pages disagree with each other on which of those two is correct, one appearing in the footer and Legal Documents page, the other on the About page. The Cyprus registry mirror has no page for Valetax Processing LTD, the payment agent entity, under HE495274, but a commercial mirror can lag the official register, so this is not reported as absence. We searched 1,441 warning-list entries mirrored from CySEC, the FCA and FSC Mauritius, and Valetax matches none of them, which is a clean result worth stating plainly, though it only covers those three regulators’ published lists.

What Valetax charges

Fees score 9, the strongest of the five criteria, and the account pages back that up. Valetax’s own account-types page lists swap and overnight financing as not applicable across all six account types (Cent, Standard, ECN, Booster, Bonus and PRO), and entry costs run low: Cent, Standard, Booster and Bonus all list an $8 minimum deposit, ECN sits at $50, and PRO at $500. Spreads on the same page range from 1.2 pips on Cent and Standard down to 0 pips on ECN and 0.6 pips on PRO, with a $4 commission stated only on ECN. The one figure not from Valetax’s own pages is the USDT transfer fee, which our earlier review reported at 1.5 USDT per transaction with a 50 USDT minimum; we did not verify that against a Valetax page ourselves.

Platform and support

Platform scores 6.9. Valetax’s platforms page lists MT4 and MT5 across desktop, web and mobile, with MT5 adding hedging and netting support, Market Depth and up to 100 charts. Leverage terms sit inside the contract mechanics rather than the marketing copy: the account pages state that a client’s leverage tier steps down automatically as equity rises and steps back up if equity falls 10% below a tier, and that leverage is cut by half for new positions opened within two hours of rollover, and to 1:200 around scheduled news releases, all without an individual client request or notice at the time. Support scores 4.8. Valetax’s contact page gives a Singapore address, a phone number and an email, but we were unable to fetch the firm’s own Terms and Conditions, Risk Disclosure Statement or AML Manual from any of the URLs the Legal Documents page points to, so the liability, governing law and dispute terms referenced in the footer disclaimer stay unverified from what we could reach. That footer disclaimer itself states the company “does not accept liability for any errors, inaccuracies, or omissions” on its own website, and a separate footer notice confirms a client only sees which legal entity and terms apply to them after onboarding is already complete.

Where this leaves a reader

Valetax International Limited holds a Mauritius FSC Investment Dealer licence and appears on none of the CySEC, FCA or FSC Mauritius warning lists we searched, but we could not read its core legal documents, its own pages disagree on its company number, and leverage can be cut around rollover and news without notice. Valetax scores 6.1 out of 10.

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