Valastrade's Official Website Is Currently Not Accessible Properly. The Company Appears To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Purposes Only.
2022-07-26 We Have Reviewed And Confirmed That Valastrade Is An Unregulated Forex Broker
Valastrade Is Not A Reliable Broker For Traders, Although It Claims That The Quotes It Offers To Its Clients Look Good. Valastrade Claims That It Is The Brand Name Of Valastrade Limited, Which Is Registered With And Regulated By The Registry Of The Marshall Islands (IRI). However, We Have Not Found Any Results Matching Valastrade In The IRI. In Addition, IRI Is Not A Regulator That Issues Licenses To Operate Foreign Exchange Transactions Or Regulates Entities That Provide Foreign Exchange Services.
More Importantly, Valastrade Claims That It Is Also Registered With The UK Department Of Commerce And Industry (CH) With Registration Number: 13633122. We Did Find Results In CH That Matched This Registration Number. But Please Note That CH Is The Companies Registry In The UK And Has No Legal Right To Regulate Any Foreign Exchange Activities. Having A Registration By A Dealer Does Not Imply That There Is Any Regulation.
Under UK Law, All Companies And Individuals Offering, Promoting Or Selling Financial Services Or Products In The UK Are Required To Obtain Authorization Or Business Registration From The UK Financial Conduct Authority (FCA). However, We Did Not Find Any Results Matching Valastrade In The FCA.
In Fact, Valastrade Is Not Regulated By Any Regulatory Authority. Investors' Funds Invested In This Broker Are Not Safe And Cannot Be Protected By Any Law. It Is A Fake Trader.
Since It Is Not Possible To Access The Broker's Website Now, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposit, Etc.
As For Regulation, It Has Been Verified That Valastrade Has Not Obtained Any Valid License At Present.
But Most Non-compliant Brokers Will Not Disclose To Provide Other More Direct And Truthful Contact Information, Such As Phone Numbers Or Company Addresses.
Note: Valastrade As A, Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated As Much As Possible When Choosing A Broker.
