Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighGenuine but offshore only Comoros MISA licence, verified active; weak protection and broker acts as counterparty; no real tier one or tier two authorisation.
Identity & transparency
5/10 · ModerateLegal entity, registration number and address are disclosed and match the offshore register, but it is a Comoros shell with no named people or verifiable staffed office.
Withdrawals & conduct
4/10 · ModerateGeneric withdrawal delay allegations on low quality review pages with no amounts, dates or tickets; terms allow broad discretion to delay or refuse; no verified fund integrity pattern.
Reputation
5/10 · ModerateThin footprint, no Trustpilot reviews for the domain, low aggregator standing, and only unspecific negative pages; nothing strongly positive either.
Website claims
4/10 · ModerateThe site honestly discloses it is a Comoros MISA only broker and makes no false tier one claim, but marketing is aggressive with 1:1000 leverage and bonus offers.
Operational history
5/10 · ModerateDomain registered June 2023, about two years old and under three; the Comoros company could not be dated, so the age rests on the domain alone.
Who they are
A quick desk file on the company behind the brand.
- Brand: Valor Markets
- Legal entity: VALOR MARKETS LTD (Comoros), registration number HY01223079
- Registered: Bonovo Road, Island of Moheli, Fomboni, Union of Comoros
- Website: valormarkets.com (registered 30 June 2023)
- Only genuine licence: Comoros MISA registration BFX2024002 (offshore, weak protection)
- Offers: Forex, metals, indices, commodities, crypto linked products on MetaTrader 5; ECN, VIP, STP and Islamic accounts; leverage up to 1:1000; minimum deposit from 10 USD; a 1.5% withdrawal fee
- Not accepted: United States, Japan, New Zealand, Malta, Russia and a list of sanctioned or high risk countries
- Age claim: No explicit founding year is advertised; the footer carries a 2026 copyright and the domain dates to 2023
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
Licences the broker publishes
Financial Services Regulatory Authority of the Union of Comoros (Mwali International Services Authority)
Found by our investigation (1) — the broker does not list these on its own site
Financial Sector Conduct Authority (FSCA), South Africa
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate Valor Markets high risk and unverified rather than a proven scam. Here is what drove that call.
- Its only genuine authorisation is a Comoros MISA registration (BFX2024002), which we confirmed is active on the Mwali brokerage register in the exact name Valor Markets Ltd. MISA is an offshore registrar with very weak oversight and no compensation scheme, so this licence does little to protect client money.
- The broker acts as the principal and counterparty to every trade, under Comoros law, which means it is on the other side of your positions.
- The FSCA South Africa licence 54447 that our own record ties to Valor is not theirs. The FSCA register shows 54447 is held by NewEra Capital Markets (Pty) Ltd, a separate company. Valor does not claim FSCA on its own website.
- The website was registered in June 2023, making the operation about two years old. A business this young has no real track record, so an absence of findings tells us less than it would for an established firm.
- There is no genuine review history. Trustpilot has no reviews for the domain, and the withdrawal complaints we found sit on low quality review pages with no amounts, dates or ticket numbers to check.
- Because the operating history is under three years, we publish the figure at 65. The evidence on its own pointed lower, near 54, but a young offshore broker acting as its own counterparty is exactly the profile where we do not treat a thin, quiet record as clean.
Note on operating history: the 3.2-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Mwali (Comoros) authorised brokerage register lists VALOR MARKETS LTD with licence BFX2024002, effective 03 January 2024, status Active.
E2FSCA FAIS register shows FSP 54447 is held by NEWERA CAPITAL MARKETS (PTY) LTD (reg 2024/447619/07, authorised 25 March 2025), a different company from Valor.
ModerateFSCA FAIS registerE3The domain valormarkets.com was registered on 30 June 2023 through GoDaddy, making the operation about two years old.
ModerateVerisign RDAPE4The broker's own footer and terms state it is VALOR MARKETS LTD, incorporated in the Union of Comoros, regulated only by the Comoros authority under BFX2024002, acting as principal and counterparty. No FSCA claim appears on its own site.
ModerateValor Markets website and termsE5No financial regulator warning or alert naming Valor Markets or valormarkets.com was found across the major warning lists as of August 2026.
ModerateWarning-list and web sweepE6Trustpilot has no reviews for valormarkets.com (profile claimed November 2024, zero reviews), indicating a very thin community footprint for a live broker.
WeakTrustpilotE7Allegations that the broker blocks or delays withdrawals appear only on low quality review pages, with no amounts, dates, ticket numbers or independent first person accounts to verify.
WeakSEO review pagesE8The terms reserve broad discretion to restrict, delay or refuse withdrawals and to remove, reverse or withhold profits, bonuses or credits linked to alleged abusive trading.
The other side
The strongest case in this broker’s favour.
In fairness to Valor Markets, several points cut the other way.
- The Comoros licence is real. We found Valor Markets Ltd and licence BFX2024002 listed as active on the issuer's own register, so the company is not inventing its main authorisation.
- Its website is honest about what it is. The terms and the footer plainly state the broker is a Comoros company regulated only by the Comoros authority, with no false claim of tier one regulation.
- No financial regulator has published a warning naming this broker or its domain as of August 2026.
- The withdrawal complaints we found are generic and come from search engine review farms, not from specific, verifiable victim reports. Competitors do plant such content, so it should not be taken at face value.
- A verified offshore licence plus aggressive marketing is a common high risk profile, not proof of theft.
What would change this
What we would need to see to revise the verdict.
Our view would move if new facts appeared.
- Toward safer: a genuine tier one or tier two licence held by Valor itself and verifiable on that regulator's register, plus a clean, specific and independent record of clients withdrawing funds over time.
- Toward scam: a regulator warning naming valormarkets.com, or several detailed, independent reports of blocked withdrawals with amounts, dates and ticket numbers, or any demand for an extra payment before releasing funds.
- If Valor were shown to publicly claim the FSCA licence 54447 as its own, that would be a false regulatory claim and would push the verdict sharply worse.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is Valor Markets a scam?
We did not find proof that it is an outright scam, but we rate it high risk and unverified. It is a very young broker holding only a weak Comoros offshore registration and acting as its own counterparty, so we cannot call it safe.
Is Valor Markets regulated?
Only offshore. It holds an active Comoros MISA registration (BFX2024002), which we confirmed on the issuer's own register. MISA is a low tier offshore registrar with very limited oversight and no compensation scheme.
Is Valor Markets regulated by the FSCA in South Africa?
No. The FSCA licence number 54447 that some records link to Valor is registered to NewEra Capital Markets (Pty) Ltd, a different company. Valor does not claim FSCA on its own website.
Can I withdraw my money from Valor Markets?
We cannot confirm reliable withdrawals. There is no genuine review history and only generic, unverified complaints about delays. The terms also let the company delay or refuse withdrawals at its discretion. Test a small withdrawal before depositing more.
Is my money safe with Valor Markets?
There is no strong protection. An offshore Comoros registration does not provide the client fund safeguards or compensation schemes that tier one regulators require, and the broker is the counterparty to your trades.
Who owns Valor Markets?
The website is operated by VALOR MARKETS LTD, a company incorporated in the Union of Comoros under registration number HY01223079, with a registered address in Fomboni, Moheli.
How old is Valor Markets?
The main website was registered in June 2023, so the operation is roughly two years old. We could not date the Comoros company itself, so two years is best treated as an upper limit.
What is a MISA licence worth?
Little in practice. The Mwali International Services Authority is an offshore registrar, not a strong supervisor, and the Comoros central bank has publicly distanced itself from these licences. It shows intent to appear regulated at low cost more than real protection.
Is Valor Markets a clone of another broker?
We found no evidence that it impersonates another firm. It uses its own name and its own Comoros entity, and the licence on the register matches that entity.
What should I do if I was scammed by Valor Markets?
Stop depositing, do not pay any fee or tax that is demanded to release funds, and keep records of all transactions and messages. Report it to your local financial regulator and your bank or card provider, and be wary of recovery services that ask for upfront payment.
What should I check before depositing with any broker?
Confirm the licence number directly on the regulator's own register, check that the entity name and website match, look for independent reviews with specific detail, and test a small withdrawal before committing larger sums.
What we recommend
The practical takeaway from everything above.
Treat Valor Markets as a high risk offshore broker and be cautious.
- Understand that only a Comoros MISA registration stands behind it, which offers little protection and no compensation if funds are lost.
- Do not rely on any suggestion that it is FSCA regulated in South Africa. That licence belongs to a different company.
- Keep any exposure small, test a withdrawal early, and keep records of every deposit and request.
- If you cannot withdraw or are asked to pay a fee or tax to release funds, stop depositing and gather evidence.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 25, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.