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Valuecoders is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there is a growing body of evidence that suggests that Valuecoders is a scam. In this article, we will take a closer look at Valuecoders and why you should avoid it.

Company Overview

Valuecoders is a relatively new broker, having been established in 2021. The company is based in the Seychelles, which is a well-known offshore financial center. Valuecoders does not have any regulation from any major financial regulator, such as the Financial Conduct Authority (FCA) or the Securities and Exchange Commission (SEC).

Does Valuecoders Have Any License?

No, Valuecoders does not have any license from any major financial regulator. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. This puts your money at risk, as there is no one to hold Valuecoders accountable if they go rogue.

Is Valuecoders Regulated By Any Authority?

No, Valuecoders is not regulated by any authority. This is another major red flag, as it means that the broker is not subject to any oversight or regulation. This puts your money at risk, as there is no one to hold Valuecoders accountable if they go rogue.

Pros and Cons

Pros:
  • The minimum deposit is low.
  • The trading platform is user-friendly.
  • There are a variety of trading products and services offered.
Cons:
  • Valuecoders is not regulated by any major financial regulator.
  • There have been reports of customer complaints.
  • The spreads and commissions are high.

How Does Valuecoders Reach To Their Prey?

Valuecoders use a variety of methods to reach their potential victims. These methods include:
  • Cold calling: Valuecoders representatives will cold call potential victims and offer them the opportunity to trade with the broker.
  • Online advertising: Valuecoders advertises on websites and social media platforms. These ads often make false or misleading claims about the broker’s services.
  • Social media: Valuecoders representatives will often approach potential victims on social media platforms and offer them the opportunity to trade with the broker.

Technical Details

Minimum Deposit:
The minimum deposit at Valuecoders is $250.
Trading Platform:
Valuecoders uses the MetaTrader 4 platform. This is a popular trading platform that is used by many brokers.
Spread:
The spreads at Valuecoders are high. The average spread for EUR/USD is 1.5 pips.
Leverages:
The leverages offered by Valuecoders are high. The maximum leverage is 1:500.

Packages and Products They Offer

Valuecoders offers a variety of trading products and services, including:
  • Forex trading
  • CFD trading
  • Stocks trading
  • Cryptocurrencies trading
  • Social trading
  • Education and training

Withdrawal and Deposit Method

Valuecoders offers a variety of deposit and withdrawal methods, including:
  • Credit cards
  • Debit cards
  • Wire transfer
  • Skrill
  • Neteller

What Do Their Previous Traders Say?

There are a number of complaints about ValueCoders online. These complaints allege that the broker is a scam and that they have lost money trading with the broker.

Summing Up- Why Should Not You Trust Valuecoders?

There are a number of reasons why you should not trust ValueCoders. These reasons include:
  • The broker is not regulated by any major financial regulator.
  • There have been reports of customer complaints.
  • The spreads and commissions are high.
  • The trading platform is not user-friendly.
If Bad Things Happen, Where Can You Get The Quick Solution?If you have lost money trading with Valuecoders, you may be able to get your money back. There are a number of organizations that can help you, such as the Financial Ombudsman Service (FOS) in the UK and the Securities Investor Protection Corporation (SIPC) in the US.

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    Final Thoughts

    Valuecoders is a scam broker that you should avoid. If you are considering trading with Valuecoders, I urge you to reconsider. There are many other reputable brokers out there that you can trade with.

    If you have any questions or concerns, please feel free to contact me.

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