The brokerage claims to be based in the UK and has been “in the industry for many years, with extensive experience” giving the firm an “impeccable reputation.” It is worth noting that the intermediary encourages potential clients to register on the platform and “start their successful CFD trading journey”. Despite these claims, the company does not mention a license from the UK regulator FCA.
Does it provide reliable partnerships to its clients? You will find out in our Valitrax review, where we examine the activities of this broker.
How to Trade
You can trade CFDs/Forex and crypto on an “intuitive platform”. The intermediary offers clients:
- 7 traditional tariffs.
- 1 Islamic account.
- Competitive spreads.
- High leverage.
Specific trading parameter sizes are not listed in the trading terms and conditions. According to the account description, the minimum deposit is €10,000. However, the base account allows you to trade from $250, as stated on the home page and FAQ section.
You will learn about the affiliate program during account registration, as you will be able to specify a promo code. You will probably have to contact tech support to find out where to get it.
Valitrax Vital Info
The firm states that it has been working in the brokerage services segment for a long time, but does not name the date of its foundation. Probably, the broker deliberately hides the term of its work, because it is not only long, but on the contrary, too short. The domain registration date tells us this: November 12, 2024. Thus, the site appeared quite recently. A small number of reviews online also confirm this fact.
Despite the fact that the company’s office is allegedly located in the UK, the license of the Financial Commission (FCA) of this country is not presented on the website, as well as registration documents. Meanwhile, we did not find the Valitrax brand in the UK register of legal entities. So the London headquarters address is fake? It is more likely that this is the case.
This is just a common scam. Unfortunately, I opened an account with Valitrax broker. Now I realize that I hopelessly lost my money here. I realized the full horror at the moment when I decided to withdraw money from my account. The administrators immediately rejected my application. I called the support service, and the manager told me that I had to pay the insurance company bill. And there was no word about it in the agreement at all. And this insurance can not be paid from the brokerage account, you have to send them money again. I paid it, and then I found out that I still had to pay taxes. It's horrible that I only found out about all these payments on valitrax.com when I decided to withdraw money from my trading account. Valitrax employees kept delaying with the withdrawal. And then they started demanding verification from me. If I had known that re-verification was required for withdrawal, I would probably have thought many times before registering on this trading platform. But I didn't know about it, and I traded here calmly for a whole month, and nothing foreshadowed trouble, because I sent all the necessary documents to Valitrax when registering an account, but it turned out that they did not verify my account. I didn't understand why this was happening. They were denying me withdrawals for the most absurd reasons. Eventually I realized that they just didn't want to withdraw my money and gave out absolutely any reason not to do so and they decided to keep my $3,760. The admins threatened to block my account if I didn't comply with their absurd demands and they ended up blocking me from logging into their site after a few days. Valitrax is a scam, I can't say anything else… They are cheaters, scammers, and thieves.
The company VALITRAX can be confidently classified as a scammer. Because I have seen this for myself. I registered here myself and lost a lot of money. The thing is that the managers of the company refuse to withdraw money from the brokerage account for any reason. No matter how hard you try, they still do not withdraw the money. I made multiple attempts and talked to a bunch of managers. In the end, they just blocked my valitrax.com account and stopped responding to my messages. And I had over £14,000 in my account. That's a huge amount of money. Now it's obvious to me that they are scammers who just profit from people who want to make money from trading.
Today I received a call from a girl who introduced herself as a representative of VALITRAX, she started praising this company, telling a long history of the company. I asked her to cut to the chase. She immediately asked me to open an account and deposit 10,000 euros. I realized that they were trying to get money out of me. And I am not poor, I have a lot of money, but VALITRAX will not get a dime from me. Today on the Internet there is a huge number of scammers who pretend to be forex brokers and try to sell people their non-existent services. However, the history of this company is questionable to say the least. But if a person understands the matter at least a little, he or she will be able to figure out such scammers quite quickly. More often than not, this is easy to do thanks to their websites. I checked valitrax.com and saw that in this particular case it is obvious that all the wording on the site is as vague as possible so that a person does not understand what they are signing up for. Basically, they are empty promises of quick and big earnings. But this is not how it happens. In addition, the owners of this project went even further - they fantasized a long history and thousands of clients. After all, from this information I can easily verify that the long history of the project they claim does not actually exist. VALITRAX website domain exists for a little longer than 1 month and the broker is operating illegally!!! this is a clear sign that we are dealing with scammers. I think all traders understand that it is very dangerous to work with a company that has no official registration and license. That is why I would not work with this particular broker. I have a firm conviction that the creators of the VALITRAX platform are deceiving their clients, first of all, in legal matters regarding the legal status of their resource.
The broker offers its clients excellent trading and investment conditions. Valitrax has proven in practice that it is a reliable partner and can be trusted. Among the main conveniences that can be attributed to the advantages of working with this company, I would include the availability of a single account on the trading platform. This is very necessary for working with different markets. For example, I work with cryptocurrencies, as well as investing in the forex currency market. You can do all this is maximally convenient on valitrax.com. And I would also note the intuitive interface of my personal cabinet - even a beginner will understand it and will be able to quickly move to active trading. I would also like to express my gratitude to the guys who work here as technical support operators. They are real professionals. They always answer very quickly. They communicate politely. And most importantly, they really help to solve complex issues related to trading. You can see that Valitrax employees are very well versed in this matter. It happens that either amateurs work in tech support, or some companies use bots and neural networks instead of real managers. Everything is different here, for which I would like to say a big thank you to the broker's staff!
I zeroed out my entire deposit on this broker portal. And not because I do not know how to trade, but because the trades were opened with a delay of about 8-10 seconds. This is too much. I deposited on the minimum amount of Bronze account, i.e. €10k, which is a lot for an average trader.