… or so their “brokers” would like them to imagine? 
Brokers must absolutely love the people who believe that!! But then you’re an offshore broker representative, yourself, aren’t you, Valetax? 
That’s what you do.
You say so, on your own website.
“Trades are routed through a dealing desk, and the broker acts as your counterparty…”
And “The terms and conditions and trading rules are established solely by the counterparty which in this case is the Company.”
Source: Valetax’s own site, and a PDF downloaded from it.
You’re telling me!!
Maybe that’s why the Fincapital review of Valetax says this -
Conclusions
Valetax is a typical offshore broker with no real oversight or transparency. Registration in Mauritius and Saint Vincent offers clients no protection whatsoever. Engaging with such a company is risky, which is why we do not recommend doing business with them.
Source: Valetax Review by Expert. Is valetax.com Scam?