Valuta Markets Review: Stay Away From This Scam Broker

Valuta Markets is a cyber thief in a nutshell. Situated in the Marshalls, it operates under the ownership of MVE Holdings Limited. And although the con has done its best to fool us into believing its legitimacy by providing a license number, it was all for naught. The data served to the potential victims is fabricated and fake. 

Our Valuta Markets review peels one layer of lies after another and exposes this common fraud for what they are: an unregulated offshore scam. 

What is more, we strongly advise you not to invest in BullGeko and IDealTrade fraudulent brokers.

How Are You Protected at Valuta Markets? Brokers License

Every broker has to first work on their license and regulations, before being able to legally operate – it’s a well-known fact. Swindlers, however, try to bypass the strict regulatory standards and rules of Forex business. 

Whether because they want to earn quick money and avoid legal consequences, or because they have no ground for setting up legal conduct, we don’t care. What matters is that they defraud clients for their own gain and that is unacceptable. 

Whatever the reason, Valuta Markets is not under any financial watchdog’s oversight. Not even the Tier 3 local regulatory body – GLOFSA. The site does provide some license numbers, but Valuta Markets and their owning company MVE Holdings LTD are not the owners of one. The GLOFSA register of certified entities would otherwise have them there. They also don’t show in the databases of FCA, NFA, BaFin, CySEC, and ASIC. 

After checking the conditions Valuta Markets offers, it was clear why they aren’t and can’t be regulated. The safety of clients’ deposits isn’t ensured through segregated bank accounts. The EU, UK, and AU leverage ratio of 1:30 max isn’t respected as Valuta Markets offers it at 1:400. 

Negative balance protection won’t save you here from losing your entire investment and becoming indebted. And the compensation fund can’t ensure your payouts in case of a company fails. 

Valuta Markets shows zero transparency and honesty. If they had a Tier 1 EU regulation, they’d also have to abide by ESMA and MiFID rules of transaction reporting, AML strategies, and improved customer security. But they don’t. They do have not a single license and are a real danger.

Trading Software Overview

When there’s a mention of MT4, we immediately have to double-check it. Valuta Markets advertises a chance of trading with a Web trader and MT4 on a desktop or web. As it appears, the MT4 web trader isn’t available. The link is broken and doesn’t lead anywhere. There’s a download button but it also doesn’t work- it keeps directing us to the top of the page. 

Some joke of a web trader is all that we eventually managed to get to. While the distribution doesn’t even resemble the most advanced trading software, the functionality is even worse. You can view open positions, pending trades, and history, but you can’t place new trades until you deposit.

Valuta Markets Account Types

Without beating around the bush, Valuta Markets presents only two account types available:

• Classic account – $100
• VIP account – $3 000

Bigger deposit supposedly means tighter spreads, a personal account manager, exclusive webinars, and premium access to autochartist. You know, all the sweet-sounding, utterly unrealistic features and some options you would otherwise get with a regulated broker in a standard offer. 

Deposit and Withdrawal Method

It’s funny how the Client Agreement claims that Valuta Markets accepts only deposits made with credit and debit cards. That’s not true in the least. The user panel clearly shows the only methods to fund your live trading account are digital currencies (Bitcoin, USDT, and Bitcoin cash). And the minimum amount you have to spend to buy crypto is $100. Pretty close to what regulated brokers usually require. 

A fixed fee of 10 EUR follows every withdrawal and the minimum withdrawal amount is $50 or other currency equivalent. That’s just what Valuta Markets declares to charge, but they reserve the right to charge traders additional processing and conversion fees.

How is Fraud Performed?

Sparking the interest of newbie traders is easy when Valuta Markets is so well equipped with scam techniques. Deposit bonuses, special promotions, and referrals are just some of the ways which make investing here all the more alluring. But please bear in mind the vicious background of these that has made them banned in the UK, EU, and AU. 

What we mean by this is that Valuta Markets will easily reward you with a deposit bonus or a special money award. But to even be able to think of withdrawing these funds, you have to meet severe conditions. We assure you, these conditions are unreachable. Whether it’s a certain turnover requirement, additional docs, and repeating fees, it’s abysmally bad and unjustified. 

Valuta Markets Summary

Nothing more than a textbook scam, Valuta Markets is not a reliable place to deposit and grow your profit. You can neither perfect your trading skills nor learn more efficient trading strategies. Our review is proof of that. 

In order to prevent you from making a bad investment move, we’re tried to point out the most common traps that await you here. Whenever you find a similar broker that persists in making your deposit, you should report them to the financial authorities. 

FAQs About Valuta Markets Broker