Valetax is a forex and CFD broker that offers a wide range of financial products for traders. The broker is known for its user-friendly trading platform and competitive fees. Despite being new to the industry, Valetax has attracted the attention of many traders mainly due to its offer of low spreads and access to a wide range of trading instruments.
Pro
- Low spreads and no commissions.
- The trading platform is easy to use.
- The various trading instruments include forex, stocks, and commodities.
- Multiple payment methods.
Cons
- Limited education and analytical tools.
- Propietary platform is not available.
Trading Products
Valetax offers a wide range of trading instruments such as currency pairs (forex), stocks of leading companies, indices, commodities (such as gold and oil), and cryptocurrencies. This allows traders to diversify their portfolio and take advantage of various markets.
Trading Platform
Valetax uses a simple and intuitive web-based trading platform. The platform is suitable for both beginners and experienced traders. While there is no mobile app, their web platform is designed to work well on mobile devices via a browser.
Spreads and Commissions
One of the main advantages of Valetax is the low spreads, starting from 0.1 pips for major currency pairs. The broker also does not charge any commissions, making the trading costs more affordable. This is especially attractive for traders who trade frequently or use scalping strategies.
Payment Method
Valetax supports various payment methods including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller. The deposit and withdrawal process is usually fast, but the withdrawal time may vary depending on the method chosen.
Customer Service
Valetax customer support can be reached via email, phone, and live chat. Their support team is responsive and knowledgeable, helping to resolve any issues quickly. However, there is no 24/7 support, which may be a drawback for some merchants.
Conclusion
Valetax is a broker that offers low spreads, a user-friendly platform, and a wide range of trading instruments. Despite the lack of a master brokerage license and limited education tools, this broker is suitable for traders looking for low trading costs and access to a wide range of markets. Good customer support and flexible payment methods add value to their services. However, traders are advised to be cautious given the lack of primary supervision.
