Valuta Markets Review: Another offshore trading scam
Valuta Markets Review: Another offshore trading scam

Valuta Markets broker is owned by MVE Holdings Limited. They are located in the Marshall Islands and exist since 2021. Generally speaking, any offshore trading company is not trusted due to low-quality regulations. 

However, Valuta Markets claims that their address is authorized and licensed by MISA. Important to realize is that MISA doesn’t exist. The official regulatory body in the Marshall Islands is GLOFSA. Let’s continue the research in our detailed Valuta Markets review.

In addition to the above, we strongly advise you not to invest in PrimeXBT, InterCapital, and FTMO fraudulent brokers.

Broker status:Unregulated Broker
Regulated by:Unlicensed Scam Brokerage
Scammers Websites:Valutamarkets.com
Blacklisted as a Scam by:N/A
Owned by:MVE Holdings Limited
Headquarters Country:Marshall Islands
Foundation year:2021
Supported Platforms:Web trader / MT4
Minimum Deposit:$50
Cryptocurrencies:Yes – BTC, BCH, ETH
Types of Assets:Forex, Commodities, Indices, Shares, Crypto
Maximum Leverage:1:500
Free Demo Account:No
Accepts US clients:No
Site Grid:N/A

Valuta Markets Is A Scam Broker Without License?

Firstly, this broker doesn’t have any regulations. Secondly, they are misleading clients with some license numbers on their websites. However, they are not permitted to trade in FX and CFD markets worldwide.

Thirdly and most importantly, even if they had a license of GLOFSA, it is not reliable. That is a Tier 3 regulator that is very loose. As a result of trading with such regulated companies, clients are scammed.

Valuta Markets is a broker with many bad reviews and no regulations. Moreover, the trading conditions are violating all rules and expose clients’ money to risk. 

Reasons for Using a Regulated Broker for Trading

For instance, regulated brokers are not allowed to give you leverage higher than 1:30 in the EU. On top of that, they don’t provide bonuses. After all, a regulated broker offers you the security of the funds. In any case, you have an authority that you can contact in case something is wrong.

For this reason, we checked some Tier 1 regulatory databases like FCA, BaFin, and ASIC. Surely, Valuta Markets broker is not on those lists.

Trading Software Is Available On The Valuta Markets Platform

Valuta Markets Trading Platform

A trading platform plays a huge role in a decision of where to trade. If it’s unreliable and slower, with fewer trading options, it is not considered desirable. 

In other words, those are mostly web-based platforms. Swindlers are using it, but don’t get tricked if you see that the broker is offering some trusted platform like MT4 as a Valuta Markets broker.

 WebTrader

Even though Valuta Markets web trader offers very solid trading options, it is only suitable for beginners. It has a bit fewer charts and indicators. Moreover, it’s slower than most apps. Even in some Valuta Markets reviews customers, we found complaints about web-trader.

MetaTrader4

By all means, MT4 is one of the most trusted platforms for trading. The perfect option for FX and CFD. It offers some advanced TA tools and indicators. However, when a fraudulent broker is using it, all that means nothing.  

Valuta Markets Trading Instruments

Equally important as a trading platform is the range of instruments available. This broker has a very solid instruments availability divided into 5 classes:

  • Forex – USD/GBP, GBP/NOK, EUR/NZD
  • Commodities – oil, platinum, cotton
  • Indices – BE20, AU200, Nikkei225
  • Shares – Amazon, Pfizer, Adobe
  • Cryptocurrencies – BTC, XRP, ADA

On the other hand, trading these assets with leverage up to 1:500 is extremely dangerous.

Valuta Markets Service Countries

Another key point is the countries that the Valuta Markets broker is targeting. According to Valuta Markets reviews, they are scamming traders from:

  • Germany
  • Canada
  • Norway
  • Australia

Frequently, these countries are targeted due to high living standards. However, all these countries have very strict regulations. As a result, it’s just a matter of time before regulators issued a warning against this broker.

Valuta Markets Accounts Overview

Valuta Markets Account Types

In light of all the shady facts about Valuta Markets broker, their account types are another unclear thing. This broker only offers two trading account types:

  • Classic – from $100
  • VIP   – from $3.000

Yet, those accounts are divided just based on minimum requirements and spread that you get. Additionally, benefits are only in trading knowledge development. Where clients get more educational programs, one-on-one lessons, webinars, etc.

Can Customers Create a Demo Account For Free?

Similarly, like many bogus scammers, they don’t provide a demo account. Even though their minimum requirement is very low, we wouldn’t trust it to a non-regulated broker. In contrast to that, some licensed companies are offering a demo and micro account types for clients to test the services. On top of that, with a leverage of 1:500, it’s like gambling.

Valuta Markets Deposit and Withdrawal Policies

Besides acceptance of credit/debit cards for deposits, this broker accepts crypto as well. With this in mind, and the fact that they are not licensed, it’s a very dangerous street to go. Regardless of the licensing, crypto transactions are anonymous and very hard to trace.

Even if you are thinking to deposit with this broker, use a card because in case you get scammed you can request a chargeback within the first 18 months.

Scam brokers tend to use a lack of licensing and prolong withdrawals due to non-existent fees and taxes. Don’t be surprised if you are requested to pay for money to be released. But don’t be tricked by that and fall for that standard withdrawal scam.

Valuta Markets Terms & Conditions – What You Need to Know

In addition to all other irregularities, T&Cs are another questionable topic. Since they are not regulated, there is nothing that should be trusted, because it can be easily violated. Important to notice is that for deposits higher than $2.000, the company requires additional verification. 

Leverage, Spreads and Fees

ESMA rules and Tier 1 regulators dictate leverage of a maximum of 1:30 or 1:50 for retail traders. Therefore 1:500 is highly violating those rules. On the positive side, spreads are from 1.1 pips, like in most regular companies. However, strange thing is that this broker doesn’t have any deposit or withdrawal commissions.

Scammed by a Valuta Markets Broker? – We Want To Hear Your Story. 

If you are tricked by these con artists, let us know. We can only stop them together, by sharing our experiences. 

We know that your money comes first on that priority list, and we have a solution to that. If you book a free consultation with our experts, you can get advice on your first step for a chargeback.

What Is the Chargeback Procedure?

That is a transaction reversal when you are using a debit or credit card. Usually requested by a cardholder. However, this is time-limited and if you were scammed don’t waste more time.

Get in touch today!

FAQ 

What Are Valuta Markets?

It’s an offshore non-licensed trading company that offers FX and CFD market trading services.

Is Valuta Markets a Scam Broker?

Yes. Many Valuta Markets reviews to confirm that and it’s just a matter of time before financial regulators issue a warning against this broker.

Is Valuta Markets Available in the United States or the UK?

This broker doesn’t claim that they have any restrictions to provide services to these countries. Therefore, it might be the case, but we don’t have confirmation.

Does Valuta Markets Offer a Demo Account?

No. Similarly, like many other scam brokers, they only offer live trading accounts. They go straight to the point, extracting as much as possible from clients.

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