Company OverviewValorfx is a company registered in Saint Vincent and the Grenadines. The company does not have any regulatory licenses to conduct forex and CFD trading services. This means that Valorfx is not subject to any oversight or regulation, which makes it a high-risk investment.
Does Valorfx Have Any License?No, Valorfx does not have any license to operate as a forex broker. The company is not regulated by any financial authority, including the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC).
Is Valorfx Regulated By Any Authority?No, Valorfx is not regulated by any authority. The company is not a member of any self-regulatory organization (SRO), such as the Financial Industry Regulatory Authority (FINRA) in the US.
Pros and Cons
- Offers a wide range of trading instruments, including forex, CFDs, and cryptocurrencies.
- Provides a demo account for beginners to practice trading.
- Offers a variety of educational resources, such as webinars and tutorials.
- Not regulated by any financial authority.
- Has a history of complaints from customers.
- Offers high spreads and commissions.
- Makes it difficult to withdraw funds.
How Does Valorfx Reach To Their Prey?
Valorfx uses a variety of methods to reach their potential victims. These methods include:
- Advertising on social media and search engines.
- Sending unsolicited emails and text messages.
- Cold calling potential investors.
The minimum deposit to open a live account with Valorfx is $250.
Valorfx offers the MetaTrader 4 (MT4) trading platform. MT4 is a popular platform that is used by traders all over the world. It is a powerful platform that offers a wide range of features, including charting, technical analysis tools, and automated trading.
The spreads offered by Valorfx are not competitive. The average spread for EUR/USD is 1.5 pips.
Valorfx offers leverage up to 1:500. This means that you can control a position worth 500 times your initial deposit. However, high leverage can be risky and should only be used by experienced traders.
Packages and Products They Offer
Valorfx offers a variety of trading packages, each with its own set of features and benefits. The basic package is called the Starter Package and it offers access to the MT4 trading platform, a demo account, and educational resources. The more advanced packages offer additional features, such as access to live market data, expert advisors, and margin funding.
Withdrawal and Deposit Method
Valorfx offers a variety of deposit and withdrawal methods, including credit cards, debit cards, wire transfers, and e-wallets. However, there are high fees associated with withdrawals.
What Do Their Previous Traders Say?
There are a number of complaints about Valorfx online. Many traders have reported that they have been unable to withdraw their funds from the platform. Others have complained about the high spreads and commissions.
Summing Up- Why Should Not You Trust Valorfx
There are a number of reasons why you should not trust Valorfx. The company is not regulated by any financial authority, it has a history of complaints from customers, and it offers high spreads and commissions. If you are looking for a safe and reliable forex broker, we recommend that you avoid Valorfx.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Valorfx, you may be able to get your money back through a chargeback or a refund. You can also contact a financial recovery company to help you get your money back. But, the quickest way you can is to contact us. We can provide you with a free consultation and service recommendation to help you recover the funds.
File A Complaint Against Scam Broker's
Valorfx is a scam broker that should be avoided. If you are considering trading with Valorfx, we urge you to reconsider. There are many safe and reliable forex brokers out there, so there is no need to take the risk of trading with a scam broker like Valorfx.
We hope this article has been helpful. If you have any further questions, please feel free to contact us.
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