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Topic: Valuta Markets Review

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Valuta Markets Review

Valuta Markets Forex broker is another offshore brand on the financial market. Since we have experience reviewing those, and it usually never ends well, we also decided to expose this firm.To get more news about valuta markets review, you can visit official website.

Broker Valuta Markets is a brand of MVE Holdings Limited, based in the Marshall Islands. The regulator of this offshore zone, GLOFSA, belongs to the Tier3 regulators, with the loosest requirements. And yet, Valuta Markets regulation is nowhere to be found.

There are 3 groups of regulators, with the Tier1 being the firmest. These authority bodies require Forex companies to have compensation funds and follow strict rules.
Even if broker was registered with GLOFSA, it would mean nothing without a Tier 1 regulation from the ASIC, FCA, CONSOB, FINMA, or a similar authority.There are two Valuta Markets trading platforms, one of them being a WebTrader. This option is solid for inexperienced investors and those who prefer web-based software over app installation.

WebTrader is more straightforward than any other platform, with fewer charts and indicators. Since everything is on the web, it’s less secure and less reliable.While MT4 is the best and the most sophisticated trading software, there are still some issues. Despite a large number of charts, indicators and other trading tools, when provided by an illicit brokerage, the platform itself means nothing.

For instance, the trading company offers leverage of 1:500, while regulators in the EU and UK have a strict limit of 1:30 for the Forex market.The firm claims there are no fees on deposits or commissions on trades. Also, the spread starts at 1.5 pips, which is pretty much the industry standard.

So, what is their count if the firm has a standard spread and no additional commissions? Where does the profit come from?

Regulated firms charge fees, swaps, and spreads, and that’s the profit from each trade. Their goal is to have as many clients and to open as many trades. Unregulated scams like Valuta Markets want to get ahold of your initial deposit and run.There are several disadvantages when depositing in crypto; the first is transaction anonymity. When you transfer crypto from wallet to wallet, tracking the transaction can be quite challenging.

That’s why we advise you to use your credit card as you’re entitled to a chargeback within 540 days after the transaction occurred.

That being said, getting a withdrawal from Valuta Markets and similar bogus firms is not easy. We advise you to find a legitimate firm and avoid headaches.Something we’ve noticed many scheme firms require – additional payment allegedly for bank fees and taxes. The broker requests you to cover bank transfer fees or government taxes before approving your withdrawal request.

Note that these institutions are charging you directly, and the brokerage cannot pay them for you. Also, any commissions from the broker’s side are to be deducted from the profit, not from your bank account or credit card.If you find yourself a victim of the Valuta Markets scam, let us know. Whether you or someone close to you has been involved with this scheme firm, Global Fraud Protection may be able to assist.

We have vast experience dealing with scammers. Contact us via online chat to book a free consultation with our specialists and do it quickly. The sooner we start the procedure, the sooner you can get your funds back.

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